Business news

Plans to reduce key interest rate in Belarus to 10% per annum in 2018
The refinancing rate was reduced to 11% per annum in Belarus on 18 October. It was the eighth reduction since the beginning of the year...

Number of railway containers travelling from China to Europe via Belarusian Brest doubles
The number is expected to increase by several times in the future. Chinese companies and Belarusian Railways intend to increase the number of containers up to 500,000 by 2020...

Hong Kong delegation briefed on business operation, investment terms in Belarus
Belarusian Economy Minister Vladimir Zinovsky stressed the strategic level of Belarus-China relations and the solid foundation laid down by the heads of state to enable transition from credit and investment cooperation to direct investments and the pooling of manufacturing potentials of the two countries...

Brest and Bereza meat packing plants undergoing Chinese export compliance certification
"We are planning to increase the pace. This year we want to supply $3 million worth of goods to China. We also welcome Chinese investments in the real sector of the Brest economy"...

Hope for higher economic growth in Belarus
In January-September 2017 Belarus’ GDP growth made up 1.7%. Inflation stood at 2.7%. The government and the National Bank met six out of seven key performance indicators...

Matyushevsky on talks with IMF: Getting a loan is not the most important thing
"The IMF is traditionally viewed by investors and market participants as a global auditor. We need this dialogue with the IMF for them to confirm that we are moving in the right direction and there are no threats for investors"...

Positive view on Belarus’ position in Doing Business 2018 report
BelTA reported earlier that Belarus was ranked 38th out of the 190 economies covered by the World Bank’s Doing Business 2018 report...

Belarus’ foreign trade up 22.4% in January-September 2017
Belarus’ trade with the CIS member states accounted for 61% of the total. The export to the CIS rose 23.1% to $12.8 billion, the import increased by 23.7% to $14.7 billion...

Assembly of Belarusian tractors in Russia’s Primorsky Territory under consideration
Igor Petrishenko also suggested using the experience of getting Belarusian companies involved in the design and construction of housing, industrial installations, social and sport facilities, the construction and modernization of automobile roads...

Sudan eager to buy Belarusian tractors, road construction machines
The negotiations confirmed Sudan’s interest in comprehensive cooperation with Belarus in the production sector, civil engineering, agriculture, the organization of shipments of Belarusian tractors, automobiles, agricultural machines, and road construction machines...

New air service may connect Minsk, Kazan
"No applications have been filed yet from the air companies but official negotiations are underway with UVT Aero (Tatarstan, Russia)"...

Speakers of KEF economic forum in Minsk announced
The KEF 2017 conference is meant to search for solutions to help lay the groundwork for Belarus’ future and bridge the gap between politics and practice...

Minsk-Novosibirsk flight to be resumed in summer 2018
Dmitry Melikyan noted that this will be the S7/Belavia code-share flight. "The airport has provided preferential conditions to make this flight happen"...

Israel in top 8 tourism source markets for Belarus in H1 2017
Israeli citizens are interested in Belarus’ tourist attractions, recreation facilities, places of worship, monuments dating back to the Great Patriotic War, and also places related to more than six centuries of Belarusians and Jews living together, the ambassador emphasized...

New direct air service between Minsk, Russia’s Yekaterinburg
The airlines will operate three flights a week on Monday, Wednesday, and Friday...

Russian journalists on press tour to Minsk Oblast
Among the participants of the press tour are members of the Union State publishing houses, news agencies, printed and electronic mass media from Moscow, St Petersburg, Kaliningrad Oblast, Nizhny Novgorod Oblast, Bryansk Oblast and other oblasts...

Plans to increase share of innovative products up to 25% in Belarus
"The high share of innovative products in the industrial output is key to the sustainable GDP growth, competitiveness of enterprises. At the moment, this share hovers around 16%. The science and technology development strategy up to 2040 is in the works now"...

Minsk Motor Plant signs three contracts with Pakistan
Q3 2017 was an especially successful period of cooperation. Thanks to the well-crafted foreign economic policy, the plant signed three big direct supply contracts with Pakistani companies...

Belarus’ exposition on display at FIHAV 2017 in Cuba
Taking part in the national exposition are more than 20 Belarusian organizations and enterprises: Minsk Tractor Works, Gomselmash, Belagromash, Amkodor, Belarusian Steel Works, BelAZ...

First Amkodor loader assembled in Egypt
Amkodor has shipped five vehicles to its dealer in Egypt. These are loaders with the carrying capacity of 3, 4, and 5 tonnes, the universal loader with skid steering Amkodor 211 and the diesel folk lifter with the carrying capacity of 5 tonnes Amkodor 451...