Business news

Belarus set to complete electrification of main traffic-heavy rail links by 2030
“Very soon we will have an opportunity to use the electricity to be generated by the nuclear power plant currently under construction in Belarus. We are set to complete the electrification of the main traffic-heavy sections of the railway lines by 2030 and will make the maximum use of electric traction in cargo and passenger transportation,” the minister said...

Belarus’ Hi-Tech Park, Microsoft hold Government Industry Day
The digital transformation of the economy was the centerpiece of discussion. The seminar resulted in a plan of action on the implementation of cutting-edge technologies in finance, transport, healthcare, education, and environmental protection...

First batch of Belarusian equipment under Afreximbank credit line to be shipped to Africa in July
“We expect the delivery of mine trucks, cleaning equipment and tractors next month. Products will be delivered to countries such as Senegal, Zambia, Zimbabwe, and Togo. There are also new opportunities to develop cooperation with other countries of the continent, for instance, with Burkina Faso and South Sudan. We expect that delivery contracts will be signed with representatives of these countries”...

Belarusian biscuits to hit store shelves in United States
“This year we have quite an ambitious strategy to get a foothold in the U.S. market. We have met with Walmart’s representatives. We plan to produce an exclusive lineup of biscuits for the U.S. market and start selling it in the U.S. retail stores in autumn”...

Belarus’ Ambassador unveils details of Belarus’ exposition at Astana EXPO 2017
"Belarus is well-known for its IT sector, mechanical engineering technologies, scientific achievements that allowed to make a great headway in the area of bio energy and other alternative forms of energy, and also achievements in the space industry. We are already a nuclear power state and partnership in the area is of great significance for our future"...

Belarusian scientists showcase two new potato varieties at Belagro 2017
“The name comes from Tolochin canning plant that makes part of our center. It is one of the country’s biggest potato producers. The second novelty, Rubin, is a middle-late potato variety with red skin and perfect eating qualities. This variety also shows a high level of storability. We hope that in some two or three years’ time these varieties will find their consumer”...

Belarus plans to export broiler meat to China
The minister stated that Belarus is working hard to diversify its agricultural exports. “Last year, we sold $3.1 million worth of products to the promising markets. In January-April 2017, our exports amounted to $5.6 million, and we have no plans to stop at this point,” Leonid Zayats emphasized...

Belarus to sign trade agreement on beef with China
Representatives of large Chinese commercial enterprises and organizations have arrived in Minsk to attend the international agricultural expo Belagro 2017 that opens on 6 June...

Afreximbank to provide $150m credit line for acquisition of Belarusian goods
According to the chairman of the Afreximbank board, the agreement will help step up mutual trade. “The document will be a so-called corridor for Belarusian goods to the African continent. In general, we are setting an ambitious task of increasing the trade between Belarus and the African countries to $3 billion by 2020,” stressed Benedict Oramah...

Belarus, African countries plan to reach $3bn in trade by 2020
Benedict Oramah noted that a big number of representatives of the authorities and business from the African countries have shown an interest in the first Belarusian-African forum. “The delegation has comprised representatives of the government bodies, several ministers of the African countries, business and bank representatives. We can see a serious interest,” he explained...

Belarusian Emergencies Ministry’s app interesting for users from India, Russia, USA
The app has been downloaded by over 45,000 people already, specified the source. The app offers all kinds of useful information and tests that can help people prepare for emergencies. The app can also notify users about unfavorable and dangerous phenomena on the basis of storm warnings released by the Belarusian weather service. The app also offers advice on how people should act in certain circumstances. The notification component has been developed on the basis of an interactive map created jointly by the Belarusian Red Cross...

MFA: Belarus has no plans to leave Russian market
“We want to maintain and increase our presence on the Russian market. At the same time, we want to have closer contacts with the countries of the so-called distant arc, with the European Union, which is our second largest trading partner after Russia,” Vladimir Makei said...

Belarusian MAZ to unveil its street sweeper at WasteTech 2017 in Moscow
The vehicle can clean both asphalt and concrete roads. Its cleaning width totals 2.3 meters. The street sweeper humidifies the surface and absorbs dust. It also features two disc brushes and a cylinder one along with a six cubic meter body...

Over 500 companies to take part in Belagro 2017
Belagro 2017 will be held in the trade and logistic center Globus in the agro-town Shchomyslitsa, Minsk District on 6-10 June. For the first time, the expo will be held in one venue. The indoor premises will cover 8,000 square meters, the open-air expo will occupy 42,000 square meters,” said Leonid Marinich...

Over $140m Finnish FDI injected into Belarusian economy over past five years
Finland is among top 20 investors of Belarus. Last year alone, the volume of investments amounted to $12.5 million, of which $3.7 million came on a net basis. There are 29 companies with the share of the Finnish capital in Belarus...

Economic security named one of Belarus’ top priorities
“Despite gradual transition to the multilateral world order and the movement towards the real balance between the key actors in the international arena, the establishment of an optimal level of global stability still remains a matter of a distant perspective,” the minister said...

CIS intergovernmental council for forestry industry to sit in Belarus 19-21 July
Representatives of Russia, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova have been invited. The preparations are in progress...

Belarus interested in balanced trade, economic ties with partners worldwide
“The task is that we have balanced relations with the countries of the distant arc, partners within the framework of the Eurasian Economic Union and the European Union. If we ensure this ratio (approximately third-third-third), we will feel confident in any difficult situation,” Vladimir Makei said...

Belarus’ WTO entry to help expand economic ties
According to Vladimir Makei, Belarus is doing its best to strengthen its positions in the international multilateral trading system. He noted that since 2016 Belarus has significantly intensified its negotiating process with the WTO in every area. Concrete results have already been reached...

Chinese Liaocheng eager to do business with Belarusian Gomel
The Liaocheng vice mayor said: “It is our first visit to Gomel. We would like to establish partnership relations, determine joint projects with assistance of Belarusian and Chinese specialists”...