Business news

Zambia interested in assembly of Belarusian tractors
The range of BELARUS equipment includes everything we need, from small tractors which can replace grubbing hoes in the near future to more powerful tractors. All MTZ equipment, including municipal vehicles, will be in demand in Zambia...

Belarus’ central bank to keep working to promote digital transformation in banking
The NBRB top official remarked that further measures to re-engineer business processes in banks, which lead to customer-centered policy, technological and organizational flexibility, are pretty evident...

Concept of Belarus’ instant payment system in the works
The bank’s top executive clarified this is about twenty-four-hour access from various electronic devices to safe protected irrevocable monetary transactions, including those involving third-party operators...

Belarus mulls over automated information system on monetary obligations fulfillment
"The client gets access to the services of any national bank, which promotes competition among banks and contributes to their readiness to introduce innovative products"...

Refinancing rate in Belarus down to 11%
It is the eighth time Belarus’ central bank reduces its refinancing rate this year...

Belarus suggests setting up vocational training center in Cuba
Jose Ramon Saborido welcomed the idea. In his words, personnel training is among the top-priority areas that Belarus and Cuba should develop in the education sector...

Belarus, Indonesia to boost cooperation in trade, investment
The relevant agreement was signed during the working visit of a Belarusian delegation led by Deputy Minister of Foreign Affairs Andrei Dapkiunas to Indonesia...

Belarusian economy hits annual GDP target in January-September
Labor productivity in GDP terms is on the rise — 103.2% in January-August. Export continues growing...

Bellesbumprom's exports to Azerbaijan up 2.3 times in January-August 2017
n January-August 2017 the Bellesbumprom companies exported $9.44 million worth of products to Azerbaijan, up 2.3 times from the same period last year...

Belarus, Poland to implement joint forest inventory project
The European Forest Week was hosted by Warsaw on 9-13 October. First held in 2008, the forum brings together the forestry ministry heads of the European states – UN members...

Passenger traffic at Minsk airport over 3m in January-September 2017
In September 2017 Minsk National Airport handled 403,000 passengers, an increase of 13.6%...

Belarus’ first ever Internet of Things network to be launched soon
Specialists call the new technology a breakthrough. Belarus will become one of the first European countries to launch an NB-IoT network (Narrowband Internet of Things)...

Belarus trade fairs in Moscow report Br1m in sales
The two cities have been closely cooperating since 2012. Minsk and Moscow exchange city days on a regular basis. They actively develop relations in different fields, ranging from trade and economy to social and cultural affairs...

Belarus, Luxembourg’s UNERA to cooperate in biotechnologies
The NASB Institute of Biophysics and Cell Engineering is currently working on a technology to produce the biomass of microalgae Spirulina. The institute is setting up the production of the strain Spirulina platensis IBCE S-2 from its own algological collection...

Minsk to adopt Moscow’s best practices in infrastructure development
"Urban enterprises need to take into account Moscow innovations in housing construction, the development of car parking sites, the development of transport infrastructure, designing of new parks, a football stadium"...

Belarus eager to sell geological prospecting services to Vietnam
The official noted that a number of Belarusian companies and organizations offer geological services abroad. They drill wells, extract natural resources, participate in geophysical, engineering, and geological studies for civil engineering purposes...

Belarus’ oil reserves expected to grow by 3m tonnes by 2020
"Work to find new reserves of hydrocarbon resources will continue in the current five-year term using new methods and technologies, which are successfully utilized in the CIS states such as drilling boreholes for explosions, vibration-powered seismic exploration"...

Moratorium on new taxes in Belarus reaffirmed
"We are not planning to impose new taxes, fees. This is reflected in the program of social and economic development of the country for the current period, and in the set of documents to be signed by the head of state"...

Belarus invited to take part in Egypt’s oil and gas projects
“We hope Belarusian companies will take part in the implementation of various projects in Egypt. We have big oil and gas projects in the Red Sea and the Mediterranean Sea. There are also big projects in the east of the Suez Canal,” said the chairman of the Egyptian parliament...

Belarus, Moldova sign memorandum of cooperation in medicine
“Thanks to this document, we are able to develop relations between our institutions, between the healthcare ministries, between the governments of our countries. We will also deepen trade relations between Belarusian and Moldovan manufacturers,” Sergei Marchenko said...