Business news

Hanoi shows interest in Minsk construction practices
According to Dao Duc Toan, the achievements of the Belarusian capital in the transport and social infrastructure development are in demand in Vietnam. Hanoi plans to implement a project to construct 11 metro lines. Agriculture, medicine and tourism can be promising areas of cooperation as well...

Fitch revises Belarus' Outlook to Positive; Affirms at 'B-'
Improved access to external financing and increased international reserves were named as positive factors by the agency. Gross international reserves have increased by $1.6 billion to $6.5 billion in H1 2017, boosted by eurobond floating, another tranche of the Eurasian Fund for Stabilization and Development (EFSD) loan and FX purchases from residents...

Belarus government to promote Geely car sales on domestic market
The designed capacity of the BelGee car factory near Borisov is estimated at 60,000 vehicles a year. In line with the business plan, 90% of the cars will be exported, the rest will be sold in Belarus...

Pharmaceutical holding company to be set up in Belarus
Setting up a holding company is aimed at improving property relations and raising the efficiency of managing public assets. This will be achieved by ensuring the independence of licensing bodies, state registration of medical preparations and certification of production from the interests of state-owned manufacturers what is global practice...

Batumi plans to open Belarusian trading center
Belarus’ Brest and Georgian Batumi signed an agreement on cooperation in April 2015. Relations between the regions are dynamic. “We cooperate closely. We have been working to make sure the goods produced in Brest and the region find their way to the market in our country"...

MTZ to open maintenance center in Russia’s Ingushetia
‘We are planning to set up warehouses for more than a hundred different types of goods and a maintenance center in Ingushetia to provide services to the surrounding regions as well,” Director General of the MTZ - Siberia trading house Dmitry Belajts said...

Turkey views Belarus as strategic partner in logistics
"We think that this partnership will improve logistics services and will enable Turkey to advance into the markets of Russia, Kazakhstan, and Lithuania. We plan to help Belarus become a regional logistics hub. We will make every effort to achieve this goal,” Chairman of the Board of CaG Logistics Yilmaz Soycan said...

Belarus considering setting up three assembly plants in Turkey
“It is very important for us that three Belarusian engineering flagship companies open assembly plants in Turkey. This issue is already in the works. I am talking about Gomselmash, Minsk Automobile Plant (MAZ trademark) and Amkodor. We hope that BelAZ vehicles will return to the Turkish market too,” Vladimir Ulakhovich said...

Belarus, Turkey to cooperate in water resources, weather forecasts
The declaration of intent to cooperate in the sphere of water resources provides for cooperation in studying the influence of climate change on water resources, cooperation in the development and operating of water monitoring systems, water quality management systems, and use of the latest water purification technologies...

Belarusian companies plan to co-modernize Egypt’s rail infrastructure
The Belarusian delegation met with top officials of the Egyptian Ministry of Transport and Chairman of Egyptian National Railways Medhat Shousha. Belarusian and Egyptian experts in rail transport held consultations...

Belarus to export $20m worth of beef to China in 2017
Chinese and Belarusian companies signed a relevant letter of intent at the Belarusian Agriculture and Food Ministry...

Turkey invited to make automobile components, household appliances in Belarus
The idea was discussed as Prime Minister of Belarus Andrei Kobyakov met with Turkish Minister of Forestry and Water Affairs Veysel Eroglu...

Turkey invites Belarus to increase flight frequency
“Air carriers should operate seven flights a week. This will help develop our relations, especially those in tourism,” Turkish Minister of Forestry and Water Affairs Veysel Eroglu noted...

Investments, industrial cooperation named priorities for Belarusian-Turkish economic interaction
According to the diplomat, the Belarusian industrial enterprises have shown strong interest in setting up, in partnership with Turkish companies, assembly plants in Turkey and joint promotion of products to the markets of the Middle East and North Africa where Turkish business has traditionally held strong positions...

Makei: Belarus-Turkey trade maintains positive momentum
"The trade keeps growing this year, too. We must make every effort to reach the goals set by heads of our states and boost bilateral trade to $1 billion,” Minister of Foreign Affairs Vladimir Makei noted at the 9th plenary session of the Belarusian-Turkish intergovernmental economic commission...

Chinese company to invest massively in new dairy farms in Vitebsk Oblast
“We believe that the Belt and Road concept is a right one and would like to support it with deeds. Our investment project will develop on the basis of Belarus-China friendship. To implement the project, we will use Chinese resources, technologies from Israel and Netherlands"...

EcoVadis names Belarusian BMZ among world’s best suppliers
The results achieved demonstrate the high professionalism of BMZ’s employees. The company supplies products to its consumers in accordance with the key principles of corporate social responsibility...

Belarus’ central bank highlights positive signs in H1 2017
The inflationary expectations in the economy are going down, though they are still rather high. At the end of Q2 a quicker recovery of the households’ incomes and consumer demand growth was observed...

Some $180m needed to create next Belarusian-Russian satellite
There are plans to insert the new satellite into orbit in late 2020 – 2021. It will become part of the existing Belarusian-Russian constellation of satellites, which are designed for the high-resolution remote sensing of Earth. The satellite will be controlled in proportion to investments. The same approach will be used to data acquisition...

Minsk to host Belarus-Pakistan business forum 2 August
The program of the forum will include a panel discussion of the economic, industrial and agro-industrial potential of Belarus, the business and investment climate of Pakistan and B2B talks between Belarusian and Pakistani businessmen...