Business news

Grodno scientists develop herbal remedies for diabetes, obesity
The institute has developed a number of innovative medicines to treat and prevent complications of diabetes and cardiovascular diseases...

Belarus relaxes foreign exchange surrender regulations for exporters
The National Bank has adopted this decision as apart of the the policy to liberalize currency relations, and in the light of the stable situation in the foreign exchange market

Belarus, Russia’s Kaliningrad Oblast to jointly train specialists for WorldSkills
On 19 September the education ministries of Belarus and Kaliningrad Oblast signed a memorandum that envisages cooperation to support talented children, an exchange of educational practices, and the implementation of joint projects...

BelNPP to help reduce electricity costs, further differentiate tariffs
When asked about the possible export of the BelNPP-produced electricity, Mikhail Mikhadyuk stressed that the nuclear power plant should supply cheaper electricity primarily to Belarusian consumers...

Belarus' nuclear program on display in IAEA HQ in Vienna
The Belarusian exhibition has gone on display at the Vienna International Center for the third time. The center exhibits stands of more than 20 countries, including the USA, China, Russia, the UK, Germany, France, the UAE, Kazakhstan...

Confidence in Belarusian economy’s ability to reach targeted GDP figure
The official stressed that the Belarusian economy is recovering step by step...

Belarus attends World Chamber Congress in Sydney
The key point of the jubilee congress is to develop innovative principles and strategies to meet the global challenges and changes in the world economy structure...

Belarus, Russia mull over inclusive education program for primary schools
A memorandum of cooperation will be signed between the Education Ministries of Belarus and Kaliningrad Oblast...

Minsk to host CIS Intergovernmental Council for Agricultural Industry on 21-22 September
Members of the Council for Agricultural Industry will sum up the preliminary results of the agricultural industry performance in 2017, consider the proposals to develop interstate agricultural cooperation and specialization...

Belarusian private sector promised lower fines, less frequent seizure of goods
"Plans have been made not to confiscate the entire sum of income as it is done now with regard to, for example, illicit entrepreneurial activities. A certain percentage of this income will be set"...

Belarus to submit national report on NPP stress tests to European Commission in October
Belarus stress tested its nuclear power plant in 2016 using European methods and taking into account recommendations based on the European Commission’s and the European Nuclear Safety Regulators Group’s (ENSREG) specifications...

Installation of second reactor vessel of Belarusian nuclear power plant to begin this autumn
The reactor pressure vessel and the four steam generators of the first power-generating unit have already been installed. The welding of the main circulation line of the first unit is over...

Belarusian scientists design hybrid module for trucks
"Hybrid vehicles do not require infrastructure: they have an on-board battery charger"...

Belarusian SMEs to get access to WB’s loan funds in 2018
According to Yulia Kavetskaya, the World Bank sees the Bank Development of Belarus as a reliable borrower, through which they can support small and medium-sized businesses...

Belarus to welcome IAEA’s next review mission in six months
In the last 12 months Belarus welcomed two important evaluation missions from the IAEA — an Integrated Regulatory Review Service (IRRS) mission in October 2016 and a Site and External Events Design Review Service (SEED) mission in January 2017...

Lebedev: CIS members seek to improve the free trade mechanism
In his words, the FTA has come into force, in general. However, the states parties have been implementing its provisions quite slowly...

Lukashenko supports draft decree on craftsmanship development
The draft decree envisages expanding the list of materials which can be used in crafts and regulates other issues. Today craftsmen can sell their products in places determined by local authorities...

Belarus’ central bank comments on de-dollarization proposal
"We understand that in order to bolster the role of the national currency and stop using foreign ones it is primarily necessary to stabilize the national currency. Everything is being done for this purpose today"...

IMF experts to visit Minsk in October
The IMF mission last visited Belarus on 5-12 June. The IMF experts led by IMF mission chief for Belarus Peter Dohlman met with the government bodies to discuss the economic situation in the country...

Belarus’ central bank does not rule out further cuts in refinancing rate in 2017
"We have recently reduced the refinancing rate. We kept our promise and cut down the refinancing rate when the inflation slowed down"...