Business news

Chakrabarti: No need to rush with privatization
"We believe that there is a certain set of rules that helps improve the operation of the state banks that are planned for privatization. Such optimization make them more attractive for investors"...

Great export expectations for free economic zone Minsk in 2017
As a successful FEZ Minsk resident company the prime minister mentioned the science-intensive and high-technology enterprise Adani. The company’s products are in demand in 70 countries...

BelGee expected to start producing electric vehicles in 2019
"The Geely company has an electric car in its lineup. There is an agreement that the Belarusian plant will start assembling it as from 2019 - up to 5,000 units. But we will need a certain degree of localization"...

New factory of Belarusian-Chinese BelGee to make engines
“We have agreed with Geely to launch the production of engines at the BelGee factory. We also plan to start manufacturing exhaust systems, seats, accumulators, and other details"...

Russia’s Ivanovo Oblast keen to boost cooperation with Belarus
Belarusians said they are ready to export urban electric transport, electric buses, and lift equipment and set up dealing centers of the Belarusian tractor maker MTZ in the region...

Gomel Oblast, Kherson Oblast may set up joint plants in machine-building, farm processing
At the meeting in the Gomel Oblast Executive Committee head of the Kherson Oblast Administration Andrei Gordeyev suggested setting up an assembly of Gomselmash harvesters in Kherson Oblast...

Belarusian Geoinformation Systems now part of PanGeo Alliance
Thanks to mutual access to the archived images sent by the Belarusian satellite BKA and PanGeo Alliance archives we hope to expand our presence on the market of Earth observation data...

Belarus’ GDP up 1.6% in January-August 2017 　
In January-August 2017 the GDP deflator index totaled 107.8% as against the same period of last year...

Belarus, Russia’s Kaluga Oblast to step up cooperation in construction, mechanical engineering
It was noted during the meeting that Belarusian construction organizations have already gained experience in building facilities of different purpose in Kaluga Oblast...

Belarus mulls over another steel making plant
“We are preparing the corresponding feasibility study which should be ready by the end of the year, and we will start searching for a partner, an investor, a credit line. We have loans, but the project should pay back in the first place”...

Belarus to take measures to promote self-employment of people
The draft decree envisages the expansion of the list of economic activities which a person can do without registration as a self-employed entrepreneur provided a single tax is paid...

Transit of Belarusian oil products via Russian seaports hinges on economic sense
“If we get a beneficial proposal, even a slightly better one than those we have now, we will take a close look at it”...

Belarus’ Amkodor, China’s CITIC Heavy Industries plan to co-produce special robots
Amkodor and the Chinese companies CITIC HIC and CITIC Сonstruction Co., Ltd. held talks in Minsk. They exchanged opinions on prospects for the production of special robots in Belarus and agreed upon further steps in this direction...

Capital investments projected to increase by 7% per year in Belarus in 2019-2020
"Given the sustainable development of the economy, we expect the capital investments to increase by 6.8% in 2018, which will exceed Br23 billion"...

Plans to raise status of investment agency in Belarus
"An interagency working group has been set up on the instructions of the prime minister to formulate proposals regarding the ways to improve the NAIP’s efficiency"...

Companies with foreign investments generate 23% of gross revenues in Belarus
"Over the past four years the number of companies with foreign investments has increased by 40%"...

Over 60 countries invest in Belarus’ economy
Russia and EU countries have been major direct investors in recent years. They accounted for 45-55% of foreign direct investments in various years...

Belarus’ economic potential presented in Canada
The event was attended by the heads of the regional departments of the CERBA, representatives of Global Affairs Canada, Canadian companies and business associations interested in cooperation with Belarus...

Minsk Oblast, Poland’s Pomorskie Voivodeship to expand cooperation in manufacturing, logistics
Oleg Plavsky noted that relations between Minsk Oblast and Pomorskie Voivodeship are important for Belarus as a whole. A number of projects, which are already being implemented in the region, are transboundary...

Construction companies of Belarus, India to enter third markets together
"During the forum a strategic agreement was signed with Belzarubezhstroi that provides services on foreign markets. The agreement was signed with the National Construction Corporation"...