Business news

Another resident company in Belarus-China industrial park
“Today we registered another resident company, the fifteenth in succession. It is Ruchtech, the company with 100% foreign capital participation. We expect that the construction of a plant producing fiber lasers will start this year,” Kirill Koroteyev said...

Belarus, China plan to co-build energy facilities in third countries
“We have used over $2 billion to build facilities of the Belarusian national power grid together with Chinese partners. We understand each other very well. We are now conducting negotiations to branch out into third countries together and build energy facilities throughout the world. We are set to discuss a project to build overhead power lines in an African country,” the minister said...

S&P Global Ratings affirms Belarus Development Bank at ‘B-/B’; Outlook Stable
“S&P Global Ratings has affirmed the Long- and Short-Term Issuer Default Ratings of the Development Bank of Belarus at ‘B-/B’ (Outlook Stable), which is totally aligned with the sovereign rating,” the press service said...

High-tech electrical substation goes online in Vitebsk Oblast
The Postavy substation site lies on the border between Braslav District and Postavy District. This is one of the key facilities of the project to connect the Belarusian nuclear power plant to the national power grid...

Hanoi shows interest in Minsk construction practices
According to Dao Duc Toan, the achievements of the Belarusian capital in the transport and social infrastructure development are in demand in Vietnam. Hanoi plans to implement a project to construct 11 metro lines. Agriculture, medicine and tourism can be promising areas of cooperation as well...

Fitch revises Belarus' Outlook to Positive; Affirms at 'B-'
Improved access to external financing and increased international reserves were named as positive factors by the agency. Gross international reserves have increased by $1.6 billion to $6.5 billion in H1 2017, boosted by eurobond floating, another tranche of the Eurasian Fund for Stabilization and Development (EFSD) loan and FX purchases from residents...

Belarus government to promote Geely car sales on domestic market
The designed capacity of the BelGee car factory near Borisov is estimated at 60,000 vehicles a year. In line with the business plan, 90% of the cars will be exported, the rest will be sold in Belarus...

Pharmaceutical holding company to be set up in Belarus
Setting up a holding company is aimed at improving property relations and raising the efficiency of managing public assets. This will be achieved by ensuring the independence of licensing bodies, state registration of medical preparations and certification of production from the interests of state-owned manufacturers what is global practice...

Batumi plans to open Belarusian trading center
Belarus’ Brest and Georgian Batumi signed an agreement on cooperation in April 2015. Relations between the regions are dynamic. “We cooperate closely. We have been working to make sure the goods produced in Brest and the region find their way to the market in our country"...

MTZ to open maintenance center in Russia’s Ingushetia
‘We are planning to set up warehouses for more than a hundred different types of goods and a maintenance center in Ingushetia to provide services to the surrounding regions as well,” Director General of the MTZ - Siberia trading house Dmitry Belajts said...

Turkey views Belarus as strategic partner in logistics
"We think that this partnership will improve logistics services and will enable Turkey to advance into the markets of Russia, Kazakhstan, and Lithuania. We plan to help Belarus become a regional logistics hub. We will make every effort to achieve this goal,” Chairman of the Board of CaG Logistics Yilmaz Soycan said...

Belarus considering setting up three assembly plants in Turkey
“It is very important for us that three Belarusian engineering flagship companies open assembly plants in Turkey. This issue is already in the works. I am talking about Gomselmash, Minsk Automobile Plant (MAZ trademark) and Amkodor. We hope that BelAZ vehicles will return to the Turkish market too,” Vladimir Ulakhovich said...

Belarus, Turkey to cooperate in water resources, weather forecasts
The declaration of intent to cooperate in the sphere of water resources provides for cooperation in studying the influence of climate change on water resources, cooperation in the development and operating of water monitoring systems, water quality management systems, and use of the latest water purification technologies...

Belarusian companies plan to co-modernize Egypt’s rail infrastructure
The Belarusian delegation met with top officials of the Egyptian Ministry of Transport and Chairman of Egyptian National Railways Medhat Shousha. Belarusian and Egyptian experts in rail transport held consultations...

Belarus to export $20m worth of beef to China in 2017
Chinese and Belarusian companies signed a relevant letter of intent at the Belarusian Agriculture and Food Ministry...

Turkey invited to make automobile components, household appliances in Belarus
The idea was discussed as Prime Minister of Belarus Andrei Kobyakov met with Turkish Minister of Forestry and Water Affairs Veysel Eroglu...

Turkey invites Belarus to increase flight frequency
“Air carriers should operate seven flights a week. This will help develop our relations, especially those in tourism,” Turkish Minister of Forestry and Water Affairs Veysel Eroglu noted...

Investments, industrial cooperation named priorities for Belarusian-Turkish economic interaction
According to the diplomat, the Belarusian industrial enterprises have shown strong interest in setting up, in partnership with Turkish companies, assembly plants in Turkey and joint promotion of products to the markets of the Middle East and North Africa where Turkish business has traditionally held strong positions...

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"...