Business news

About 200 European businessmen to attend Belarus. Invest in Tomorrow forum in Luxembourg
"The interest in the forum was shown not only by Luxembourg, but also by Belgian, French, German and Dutch companies"...

Gomel Oblast’s merchandise export up 24% in January-September 2017
"For example, the growth rate of the gross regional product totaled 102% (projected at 100.6%), the workforce productivity – 103.3% (projected at 100.9%), the export of services – 116% (103.2%)"...

Visa-free tourists generate over $10m in Belarus' Grodno over past year
"On the average, foreign tourists stayed for two and more days in the city of Grodno and Grodno District, spending from €100 to €120 a day"...

Slovakia eager to cooperate with Belarus in biotechnology
Olga Nachtmannova, State Secretary of the Slovak Ministry of Education, Science, Research and Sport, told the media at the ministerial meeting of the Central European Initiative (CEI) on science and technology headlined Biotechnology for Healthy and Active Life in the CEI Region on 26 October...

No plans to revise 2018 inflation target in Belarus
"Next year we are planning the inflation at 7%. So far this forecast remains in force"...

Group of Latvian business women to visit Belarus
The Latvian guests are expected to meet with Chairperson of the Belarusian Union of Women, Deputy Chairperson of the Council of the Republic of the National Assmebly of Belarus Marianna Shchetkina, take part in a meeting of the club of business women and other events. The main topic for discussion is women in business and the development of the female entrepreneurship...

IMF mission arrives in Belarus
The IMF mission led by Peter Dohlman will be working in Belarus from 26 October to 10 November. According to the IMF office in Minsk, the IMF experts are in Belarus to conduct annual consultations under Article IV...

Belarus’ central bank registers positive economic trends
It was noted that thanks to the unified macroeconomic policy the Belarusian economy is resuming growth while inflation keeps slowing down, interest rates keep falling, and the de-dollarization campaign continues...

Solid prospects for Minsk Oblast export in 2017
Russia accounts for over 60% of the entire export. Bearing in mind instructions to diversify export, it is necessary to step up shipments to the so-called distant-arc countries and Central Asia without reducing export to Russia...

Polish investors show interest in Belarus' logistics projects
The deputy minister drew attention to the fact that Belarus is the gateway to the attractive Eurasian economic space, and also an important strategic hub on the new Silk Road route...

Belarus’ exports to Poland up 19% in January-August 2017
"No less important is the fact that Poland is one of the largest investors in the Belarusian economy. The volume of foreign direct investment from this country exceeded $200 million in 2016"...

Belarus to launch poultry meat supplies to China in Q1 2018
According to Aleksei Bogdanov, this year Belarus launched its exports to Asia – the markets of Vietnam and Hong Kong...

Makei: Privatization process in Belarus will be accelerated if it benefits the state
"If we see that the privatization variant proposed by the EBRD suits us the entire process will be accelerated significantly"...

First international blockchain-powered deal sealed in Belarus
The technology allows tracking the entire lifecycle of the deal in real time. It also simplifies paperwork, accelerates transactions, and optimizes costs while data verification without losing any confidentiality securely protects all the operations...

Equipment for all-weather satellites in development in Belarus
"An exhibition of space technologies is open during the congress. It displays solutions making part of the Union State program Monitoring-SG. The exhibition features interesting devices developed by Belarusian specialists"...

Belarus to carry out sustainable POPs management project
According to the project, a number of essential practical measures will be undertaken to reduce and mitigate the effect of POPs on the environment...

Bellesbumprom’s exports up 42% in January-September 2017
In January-September 2017, the companies sold $298.9 million worth of goods abroad. The share of exports in the total volume of sales has been growing systematically. Currently, the Bellesbumprom companies export some 64% of the goods they produce (as against 58.7% over the same period of 2016)...

Mogilev Oblast presentation in Moscow scheduled for 25 October
The companies of Mogilev Oblast will showcase its trade, economic, investment, tourist and cultural potential. The program will aslo include an exhibition, a tasting of food products and a concert of the Mogilev State Philharmonics...

Minsk Business Meetings scheduled for 26-27 October
The forum is meant to discuss financial and economic cooperation in the CIS, development and introduction of innovative financial and insurance products, digital technologies...

Share of SMEs in Belarus’ GDP expected to reach 40% by 2021
“We intend to raise the share of small and medium enterprises up to 40% of the GDP by 2021 before the five-year period ends. At present their share is 26-27%. All the documents enacted by the head of state help secure this advancement”...