Business news

Belarus seeks more World Bank funds for forestry sector
This week a group of the World Bank specialists is in Belarus visiting a number of companies. They praised our efforts with the loan and are ready to consider our proposals...

EBRD to support local currency lending in Belarus
During a visit by EBRD President Suma Chakrabarti to Belarus, the Bank and the authorities signed two Memorandums of Understanding (MoU) to this effect in Minsk on 13 September...

MAZ-Weichai factory to start batch producing engines by next year’s end
“We are going to open the factory on 8 November 2018. The first engine will be made the same month. Batch production will begin by the end of 2018”...

Tentative plans for assembling Belarusian buses in Almaty
MAZ vehicles are already assembled in Kazakhstan. The assembly of MAZ trucks with the carrying capacity of 20 tonnes began in Almaty this summer...

Opinion: A lower refinancing rate is completely justifiable right now
The inflation has been slowing down at a record pace for our country. Belarus had a two-month deflation, in July and August, which happened for the first time ever in the history of the independent Belarus...

EU commits €6m to support SMEs in Belarus
The deal was sealed following a meeting between Belarusian Economy Minister Vladimir Zinovsky and EBRD President Suma Chakrabarti...

Refinancing rate in Belarus down to 11.5%
It is the seventh time Belarus’ central bank has reduced its refinancing rate this year...

Belarusian, Chinese academies of sciences to set up joint lab
According to Sergei Chizhik, First Deputy Chairman of the Presidium of the National Academy of Sciences of Belarus, the lab will focus on polymeric composite materials...

Belarus’ MAZ, China’s Weichai Power to build engine factory in Great Stone industrial park
The factory will be owned by the joint company MAZ-Weichai co-founded by MAZ and Weichai Power...

Belneftekhim, Indian Petroleum and Natural Gas Ministry sign memorandum of understanding
The document was signed by Belneftekhim Chairman Igor Lyashenko and Indian Petroleum and Natural Gas Minister Dharmendra Pradhan...

BelNPP personnel training on agenda of IAEA seminar in Minsk
The IAEA representatives are giving a seminar dedicated to license requirements and the certification of the BelNPP staff (operation, repair, management). Attending the seminar are leading experts from Ukraine, Russia, Germany, and Slovakia...

Belarus to debut at Food & Hospitality Oman
The Made in Belarus exposition has been organized by Belinterexpo company affiliated with the Belarusian Chamber of Commerce and Industry with the assistance of the Embassy of Belarus in Egypt...

Plans to set up assembly plant for Belarusian tractors in India in 2018
Director general of the Belarusian tractor maker MTZ Fyodor Domotenko said. The sides reached relevant agreements during business negotiations in India and sealed a deal...

Belarus launches beef export to China
Aleksei Bogdanov recalled that Belarus regularly hosts Chinese business delegations to work out delivery logistics, discuss meat cutting specifics and analyze the taste preferences of consumers...

Mogilev Oblast’s export to China soars
The main exports to China include furniture, which shipments more than quadrupled, tires (30% up), and raw flax...

Belarus, India agree to increase supplies of potash fertilizers
Belarus President Alexander Lukashenko said after the official talks with Indian Prime Minister Narendra Modi. The corresponding memorandums of understanding were exchanged in the presence of the leaders of the two countries...

Belarusbank to expand cooperation with China in financing bilateral contracts
Viktor Ananich said: "Belarusbank and SINOSURE have projects worth over $2 billion in Belarus. The signed agreement will enable other projects, including in the area of power engineering, transport, and logistics"...

Belarus, Saudi Arabia to cooperate in biotechnologies, water purification
The Saudi Arabian delegation led by the Education Minister Ahmed bin Mohammed Al-Issa is visiting the National Academy of Sciences of Belarus...

Territorial trade unions can be set up in Chinese-Belarusian industrial park
Belarus President Alexander Lukashenko has signed corresponding Ordinance No. 6. The document has introduced addenda to Ordinance No. 2 of 26 January 1999 “On certain measures to regulate the activities of political parties, professional unions, and other public associations”...

Belarus’ central bank to take part in Coins 2017 exhibition
The international conference and exhibition Coins is a professional platform to discuss monetary market prospects, share experience with counterparts and business partners...