Business news

Belarus' export of merchandise, services up 19.4% in H1 2017
Belarus' foreign trade in merchandise and services totaled $33.098 billion, up by 17.4% from January-June 2016...

Moldova looking into joint venture with Gomel Oblast to co-assemble agricultural equipment
“We are interested in the initiative to co-assemble combine harvesters in Moldova. The idea was put forward by Gomel Oblast Governor Vladimir Dvornik"...

Brestzhilstroi to build dwelling in Poland’s Gdansk
“We established contacts with one of the Polish firms in autumn 2016. We found mutually beneficial areas and concluded an agreement of intent on long-term cooperation"...

Belarus’ GDP growth forecast revised upward
“The economic recovery in the EDB countries in H1 was the reason for the revision of the 2017 GDP forecast"...

Belarus’ National Bank projects annual inflation at 7% in 2017
“Considering the price growth dynamics for the bulk of goods and services, we expect that the consumer price growth will not exceed 7% this year”...

Belarus’ Education Ministry, Huawei seek cooperation in digital transformation
Huawei and Roland Berger plan to conduct a research to work out a plan for the development of the information and communication technology (ICT) sector in Belarus...

Belarus invites World Bank to implement joint projects in energy saving
In his words, Belarus and the World Bank have been successfully carrying out joint projects in energy saving, energy efficiency, and alternative energy for many years...

Minsk Oblast, Vietnam’s Hung Yen Province intend to develop cooperation in industry, agriculture
“Minsk Oblast is ready to cooperate with the Vietnamese region in various areas: agriculture, industry, healthcare, and culture"...

Belarusian companies take active part in Natural Product movement
“A certificate confirming compliance with requirements is required to label a product ‘natural’. As of today, 44 companies have obtained 134 certificates for 213 food products,” Viktor Nazarenko pointed out...

Huawei R&D center may open in Great Stone park
Chairman of the State Science and Technology Committee Alexander Shumilin discussed with the representatives of Huawei Technologies Co., Ltd. the prospects of bilateral cooperation, including in the area of information and communication technologies, augmented reality and software development...

Belarus harvests over 3 million tonnes of grain
As of 9 August, Belarus’ grain harvest reached 3.175 million tonnes...

Belarus plans to launch poultry exports to China by summer 2018
“We delivered over $2 million worth of dairy products to China in H1 2017, up 72 times from the same period a year prior"...

Belarus exports frozen bread to 8 countries
“Today we are exporting frozen bakery products to eight countries. Among them is Russia (over 80% of the exports), Israel, Panama, the USA, Tajikistan, and Australia,” Vadim Pobedinsky said...

Belarus keen to develop cooperation with Kazakhstan in alternative energy
During the visit, Anatoly Kalinin went to see EXPO 2017. He noted that the expo demonstrates Kazakhstan’s recent achievements in economy, energy and art...

Documents to encourage business in Belarus to be ready by 1 October
It is expected that a package of documents to encourage business growth will consist of about ten legal acts. The president noted that all unnecessary administrative barriers faced by businessmen will be abolished...

Minsk, Ankara consider delivery of Belarusian goods to Turkey by water transport
The parties welcomed the entry into force of the intergovernmental agreement to develop a mutual trade facilitation system, the so-called green corridor of fast-track customs clearance of goods...

Fitch affirms three Belarus banks at 'B-'/Stable
Fitch Ratings has affirmed Belarusbank's, Belinvestbank's and the Development Bank of the Republic of Belarus' (DBRB) Long-Term Issuer Default Ratings (IDRs) 'B-' with Stable Outlooks...

Sudan interested in Belarusian innovations in water treatment, mineral extraction
Chairman of the NASB Presidium Vladimir Gusakov announced that the NASB will prepare a list of concrete projects in the areas of particular interest for Sudan. A group of Belarusian scientists and experts will go to Sudan...

Belarus’ gold, forex reserves exceed $6.6bn
In July 2017, the country’s gold and foreign currency reserves went up by $103.8 million (up 1.6%) following the June growth by $1.322 billion (25.2%). The growth from the start of the year made up $1.737 billion (35.3%)...

Belarus plans to export $6bn worth of food products in 2017
“We should make it $6 billion in food exports,” said Mikhail Rusy. In his words, Belarus exports its fruit and vegetable products well, including to Russia. China is one of the promising markets for Belarusian products, he added...