Business news

Transit of Belarusian oil products via Russian seaports hinges on economic sense
“If we get a beneficial proposal, even a slightly better one than those we have now, we will take a close look at it”...

Belarus’ Amkodor, China’s CITIC Heavy Industries plan to co-produce special robots
Amkodor and the Chinese companies CITIC HIC and CITIC Сonstruction Co., Ltd. held talks in Minsk. They exchanged opinions on prospects for the production of special robots in Belarus and agreed upon further steps in this direction...

Capital investments projected to increase by 7% per year in Belarus in 2019-2020
"Given the sustainable development of the economy, we expect the capital investments to increase by 6.8% in 2018, which will exceed Br23 billion"...

Plans to raise status of investment agency in Belarus
"An interagency working group has been set up on the instructions of the prime minister to formulate proposals regarding the ways to improve the NAIP’s efficiency"...

Companies with foreign investments generate 23% of gross revenues in Belarus
"Over the past four years the number of companies with foreign investments has increased by 40%"...

Over 60 countries invest in Belarus’ economy
Russia and EU countries have been major direct investors in recent years. They accounted for 45-55% of foreign direct investments in various years...

Belarus’ economic potential presented in Canada
The event was attended by the heads of the regional departments of the CERBA, representatives of Global Affairs Canada, Canadian companies and business associations interested in cooperation with Belarus...

Minsk Oblast, Poland’s Pomorskie Voivodeship to expand cooperation in manufacturing, logistics
Oleg Plavsky noted that relations between Minsk Oblast and Pomorskie Voivodeship are important for Belarus as a whole. A number of projects, which are already being implemented in the region, are transboundary...

Construction companies of Belarus, India to enter third markets together
"During the forum a strategic agreement was signed with Belzarubezhstroi that provides services on foreign markets. The agreement was signed with the National Construction Corporation"...

Belarus-India joint assembly plant for tractor units under consideration
"There is a discussion underway over the establishment of an assembly plant for tractor units together with MAZ. India is also exploring our electric bus"...

Black Sea Economic Cooperation to hold business forum in Minsk in 2018
Mikhail Myasnikovich emphasized that Belarus is interested in hosting a business forum for BSEC member states in Minsk in 2018...

Belarus’ exhibition in Top 15 at EXPO 2017 in Astana
The Belarusian exhibition at EXPO 2017 was commended by the World Expo Museum based in the Chinese city of Shanghai...

FAO commends high quality of Belarus’ dairy and meat products
"When I was in Belarus in June I made sure that dairy and meat products and cheese are of supreme quality. This creates a good basis for export development"...

Belarus, FAO sign Country Program Framework 2017-2020
"The FAO undertakes obligations to improve Belarus’ capacities in the field of food safety. It is directly connected with the export development in the country"...

Belarus-China car factory BelGee starts mass production
The minister did not rule out the possibility that the new cars can hit the market in November 2017...

Minsk hosting Belarusian-Pomeranian economic forum
The program of the plenary session will include a presentation of the economic, investment, industrial, transport and logistics, sport, and tourism potential of Minsk Oblast...

Belarus, Moldova agree to expand cooperation
The event organized by the Chamber of Industry and Commerce of Moldova was aimed at intensifying the Belarusian-Moldavian economic ties, seeking opportunities for mutual advancement of goods and services, identifying joint business doing sources...

No plans to change EBRD’s current strategy on Belarus
That strategy was prompted by certain improvements in the country’s political climate as well as the macroeconomic situation and the commercialization of the economy...

Plans to commission MAZ Asia joint venture in Vietnam in late 2017
Due to the high customs duties on the Vietnamese market and the ASEAN market it is more profitable to make automobiles in their territory. Certain localization has to be secured...

EBRD to present Belarusian highway reconstruction project in London
"We are going to present it before potential investors in London on 24 October. We are looking forward to seeing them in our headquarters and telling them about the investment opportunities in Belarus’ road infrastructure,” the EBRD president said...