Business news

IAEA pleased with personnel training in Belarusian nuclear power plant’s education, training center
The positive practices the IAEA experts have offered will be taken into account for the sake of ensuring high international personnel qualification standards...

Italian business interested in Belarus’ dairy, automotive industry
According to the diplomat, Belarus and Italy are working on the implementation of joint projects. “Certain progress has been achieved in some projects in Minsk and other regions with Italian participation"...

Belarus to increase export of services to USA up to $500m by year end
"Those are primarily IT services by companies residing in the Hi-Tech Park. We can raise the export of services to $500 million by the end of the year,” said Pavel Shidlovsky...

Belarusian MTZ to set up cluster of industrial enterprises in Russia’s Tatarstan
MTZ Director General Fyodor Domotenko said during the government conference held by the Belarus president on 11 July to discuss the country’s foreign policy priorities in modern times...

Belarus president wants more active trade with EU
“We need to determine not only the commodity groups but also the goods that we will export to the EU in the future,” the Belarus President Alexander Lukashenko said at a meeting to discuss Belarus’ foreign policy priorities...

Lukashenko highlights benefits of global economic growth for Belarus
“The situation is very beneficial for our country. If we fail to seize the chance, we will be again lagging behind. We will continue setting GDP growth targets of 0.5% and performing under the target. We should use this unique situation when the economy is resuming growth. We have not neglected or shut down a single enterprise, and they have a chance today”...

Negotiations in progress to start making electric cars in Belarus
“We have contacted an American company and we are working with German companies discussing the possibility of manufacturing here, in our free economic zones or the China-Belarus industrial park”...

Belarus on steady export volume growth tendency
According to Vladimir Makei, export is an absolute priority in the work of the Belarusian Ministry of Foreign Affairs and the embassies. “We reached a steady month export growth tendency in December 2016. It has been in place for half a year"...

Belarusian government urged to protect domestic market
“I would like to reiterate thast the task of protecting the domestic market is still on the agenda. Private companies and businessmen submitted me a report about some parallel imports, and therefore I ask the government to seriously tackle the problem of parallel imports”...

Lukashenko demands ‘not to waste chance’ to promote Belarusian products
“I am now addressing all the participants: the government and the major exporters as well as representatives of the Ministry of Foreign Affairs and ambassadors. We should not overlook the moment to promote our products when the global economic situation gets better. We should not rush into the markets that are not looking for us and ignore the most beneficial neighboring markets”...

First Belarus-Tajikistan-Afghanistan business forum in Dushanbe in late July
Over 100 Afghanistani businessmen confirmed their participation in the forum. According to Oleg Ivanov, Belarus has underestimated the potential of this region which has many promising avenues of mutually beneficial cooperation...

Enterprise to start assembling Belarusian agricultural machines in Tajikistan in autumn
Products of such Belarusian brands as Bobruiskagromash, MTZ, and Gomselmash will be assembled in Tajikistan. The product range will include more than ten models, including tractors, trailers, and mowers for high mountain areas. Tajikistan is also interested in utility vehicles made by Belarusian MAZ...

Plans to assemble Belarusian harvesters in Turkey
“We have something to offer to the Turkish mechanical engineering industry. We are moving from selling harvesters to discussing plans to set up an assembly enterprise in this country,” said Andrei Savinykh...

Belarus eager to expand manufacturing cooperation with Vietnam
The establishment of the enterprise to assemble MAZ trucks in Vietnam was mentioned as one of the largest Belarusian-Vietnamese projects. Another project is in the pipeline to start assembling MAZ buses in Vietnam...

New FEZ Minsk resident to invest $570,000 in equipment production
At least $570,000 will be invested under the agreement. The products of the enterprise will be designed to suit the needs of ZAO Katek, a manufacturer of factory-assembled transformer substations, low- and medium-voltage electrical equipment...

Over 20 Belarusian meat manufacturers to get access to Chinese market
“At the moment there are 36 Belarusian enterprises authorized to sell milk into China. Today the certification of 21 Belarusian beef manufacturers and 5 poultry factories will be over. It will enable them to sell to the Chinese market, too”...

Minsk’s Frunzensky District, Chinese Jilin ink cooperation agreement
The sides have undertaken to advance cooperation in trade, economic, social and cultural affairs. Minsk Mayor Andrei Shorets took part in the meeting, too. A delegation of the People’s Republic of China led by the Jilin mayor is in Belarus on a visit on 8-9 July...

Plans for Belarus-Brazil commission on economic cooperation
Representatives of Belarus and Brazil consulted about trade and economic affairs, discussed cooperation in the extraction of oil and natural gas, cooperation in agriculture and mechanical engineering...

Slavkaliy to sell products only via Belarusian Potash Company
According to Mikhail Gutseriyev, investing in the charter capital of Belarusian Potash Company is off the table. It is necessary to build the Nezhinsky mining and processing factory first, he said. “Investing is not on the agenda now. It is necessary to launch the process and start construction,” noted Mikhail Gutseriyev...

German company to drill shafts for second Belarusian potash mining factory
Based at the Starobinskoye potash salt deposit in Lyuban District, Minsk Oblast, the Nezhinsky mining and processing factory will become the country’s second enterprise to extract potassium ore and produce potash fertilizers (up to 2 million tonnes of potassium per annum)...