Business news

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...

Brest Oblast, Moldova eager to process vegetables, fruits together
“Rather good relations have been established between the Belarusian nation and the Moldovan one. Our cooperation interests coincide. Many prospects are available. For instance, we cannot grow the foods that Moldova grows. At the same time we process what they cannot process. It is necessary to use the opportunity and process fruits and vegetables together"...

Belarusian MTZ to build tractor parts plant in Russia’s Omsk Oblast
The Belarusian tractor manufacturer MTZ signed an agreement to launch the production of tractor components and repair parts to provide maintenance services for MTZ tractors in Russia’s Omsk Oblast during the Days of Minsk in Omsk...

Belarus’ Academy of Sciences, Korean science institute to carry out joint research projects
The document was signed by Chairman of the Presidium of the National Academy of Sciences of Belarus Vladimir Gusakov and Lee Byung Gwon, President of the Korean Science and Technology Institute...

Omsk authorities commend high quality of Belarus’ products
Sergei Frolov remarked that Omsk needs modern heavy-duty equipment and small municipal vehicles. He expressed confidence that the forum and direct negotiations between business companies will open up new opportunities for strengthening economic ties and will give an impetus to cooperation in new areas of business and trade...

Belarus, South Korea to hold joint R&D contest
Chairman of the State Science and Technology Committee Alexander Shumilin remarked that the applications will be open from 1 August to 28 September 2017 as he met with President of Korea Institute of Science and Technology (KIST) Lee Byung Gwon...

Belarus, Tatarstan to run joint DNA research
A delegation from Tatarstan (Russia) led by Healthcare Minister Adel Vafin paid a visit to the Alexandrov National Cancer Center of Belarus on 24 July. Belarusian medical workers are expected to pay a return visit...

Second potash mining, processing factory in Belarus to open in 2022
The construction of the Nezhinsky mining and processing factory will be finished in 2020. The necessary infrastructure needs to be built over the course of about two years in order to commission the factory. There are plans to build an administrative wing with auxiliary premises and a processing plant...

Minsk Days kick off in Omsk
Chairman of the Minsk Council of Deputies Vasily Panasyuk is expected to meet with the Omsk mayor. The Minsk Council of Deputies and the Omsk Council are set to sign a protocol on cooperation...

Belarus to produce medical simulators
The joint Belarus-Tatarstan project will enhance the level of professional training and retraining of physicians both in Belarus and Tatarstan, Adel Vafin said. It is the next step in using cutting-edge technologies in medical education...

Invigoration of Belarusian-Slovenian trade, economic, investment ties discussed
Innovations, telecommunications, civil engineering and power engineering, agriculture and processing of food products, mechanical engineering and pharmaceutics were mentioned as priority spheres for bolstering the relations. The expansion of credit, investment, and banking cooperation was discussed as well as the expansion of manufacturing cooperation...

Semashko: Belarus can boost export of equipment to Ukraine
“If we combine the Belarusian and Ukrainian subsidies we will be able to increase the export of our tractors, combine harvesters, and other equipment (tractors, for instance) several times. Ukraine’s fleet of tractors includes some 200,000 vehicles, with 90% of it being outdated"...

Luxembourg to host Belarusian-European economic forum
“The major goal of the forum is to create an efficient and results-based multi-level platform for establishing sustainable cooperation of Belarusian financial institutions and economic entities with European partners and advancing strong segments of the Belarusian economy (IT, logistics) among western business”...

Belarus, Ukraine to aim for $8bn in bilateral trade
Alexander Lukashenko called Ukraine one of the priority markets for Belarusian goods. So is the Belarusian market for Ukrainian products. In 2016 the trade came close to $4 billion, up by more than 10% over 2015. Early this year the growth was even higher...

Belarus considers project to co-develop 1.5m ha agricultural lands in Egypt
“Belarus explored the prospects for participating in the project to develop 1.5 million hectares of agricultural land, boosting the supplies of Belarus’ agricultural equipment and grain drying facilities, and also opening maintenance centers in Egypt’s regions,” the embassy noted...