Business news

Best business operation terms promised to China-Belarus industrial park residents
The document stipulates the one station approach in the operation of the park’s administration similarly to how investors are treated in China. The source explained that all the administrative procedures and other procedures investors may need will be available in the same station (as a rule, where the administration of an economic zone is located)...

Minsk National Airport included in territory of Great Stone industrial park
The decree has changed the total territory of the industrial park which now makes up 11,247 hectares (previously – 9,150 hectares), Minsk National Airport has been included in the territory of the park (with necessary restrictions concerning the interference in its operations). The area of the economic zone (without the territory of the airport, populated areas, and allotment associations) has not changed and makes up 8,615 hectares...

Belarus' national stand to make part of 4th Forum of Regions
The document also envisages that in 2017 Belarus will be gearing up for the Expo 2020 in Dubai that will be held in October 2020-April 2021...

Belarusian-Egyptian vehicle assembly joint ventures suggested
Vladimir Semashko said: “We have already started implementing the previously reached agreements. Tractor assembly kits have been shipped to the joint venture. They are supposed to arrive one of these days. Then tractor assemblying will begin. Apart from that, we are ready to start an enterprise to assemble automobiles for various purposes — trucks, dump trucks, buses”...

Belarusian Energy Ministry, Chinese CMEC ink cooperation memorandum
The sides will cooperate in such priority areas as generation of electricity and heating energy, transmission and distribution of electricity, modernization of power plants, and alternative energy projects. The sides will also share the best practices...

Belarus’ Hi-Tech Park, Uber join forces on self-driving cars
The head of Uber’s EMEA division noted: “We are very satisfied with results of negotiations with Prime Minister of Belarus Mr Kobyakov and Director of the Hi-Tech Park Mr Yanchevsky. We know that Belarus President Mr Lukashenko pays close attention to the development of high technologies. It is a good sign for us and other international companies. Today Uber and the Hi-Tech Park signed an agreement on cooperation in a number of avenues. It is my first visit to Belarus but I think I will have many reasons to come here often”...

Ecuador hopes for further advancement to Belarusian market
According to the diplomat, Ecuador has established close cooperation with Belarus on the principles of mutual respect and common values. The two countries exchange official visits at the highest level and are working out an efficient legal framework to promote cooperation in the advancement of investment and innovations...

Scientists from ten countries to attend Nanomeeting 2017 in Minsk
The conference will gather scientists from ten countries, including from Russia, France, Germany, Italy, Japan, and Singapore. Participants will present the latest achievements in the area of molecular diagnostic, nano and electromagnetics, physics and chemistry of nanostructures for the application in photonics, biology, healthcare and forensics...

Hi-tech solutions in spotlight during presentation of Belarus’ economic potential in Moscow
Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Igor Petrishenko opened the presentation. He noted that the embassy already held similar events to showcase the capacities of the country’s mechanical engineering industry, the potential of the Belarusian regions and the capital city. “Many of my colleagues had no idea that Belarus has something to show in terms of supercomputers. The Hi-Tech Park is an analog of Silicon Valley"...

New factory of Belarusian-Chinese BelGee to make first batch of cars in late June
The deputy prime minister told media that 99.3% of the construction and installation work the factory needed had been completed. Plant and equipment for the main manufacturing facility and auxiliary facilities have been delivered, installed, and virtually tuned. “There are three basic shops over there: welding, painting and final assembly, and testing. We estimate that these shops will be ready for the so-called test run by 15 June,” noted Vladimir Semashko...

180-day visa-free travel for China-Belarus industrial park’s potential investors, residents
“Due to peculiarities of the project, the project’s international status, and its novelty for Belarus the park needs a large number of foreign specialists with experience of implementing similar projects in other countries, specialists, who speak foreign languages as well as native speakers. This is why the presidential decree introduces visa-free travel options for representatives of potential investors and residents,” noted Kirill Koroteyev...

Zero VAT on Belarusian products for Great Stone investment projects
The presidential decree also reaffirmed the right of the park’s subjects, first of all, investors to use other preferences, too. For instance, there are preferences meant to stimulate entrepreneurship in small and medium towns as well as rural areas...

Belarus taking part in congress of European supreme financial audit agencies
Chairman of the State Control Committee of Belarus Leonid Anfimov is expected to deliver a report on the role of supreme financial audit agencies in reaching the UN-declared sustainable development goals. Leonid Anfimov is also expected to meet with heads of financial audit agencies of a number of foreign countries...

Myasnikovich: Belarus plans to update energy efficiency laws
According to Mikhail Myasnikovich, the theme of energy conservation and efficiency, which was discussed during the meeting of the Bureau of the Conference of Regional and Local Authorities for the Eastern Partnership (CORLEAP) in Minsk and that will later be considered at the Eastern Partnership summit in Brussels, is very relevant “especially for us, the countries that have scant energy resources”...

Over 400 scientists, experts taking part in Belarusian-Chinese science and technology forum
The Belarusian-Chinese science and technology forum 2017 opened in Minsk on 22 May. Participants of the forum are expected to discuss promising avenues and mechanisms of development of Belarusian-Chinese science and technology cooperation as part of the efforts to implement the One Belt, One Road initiative. Over 400 scientists, experts, and specialists from Belarus and China turned up for the forum...

Belarus plans to increase export of tractors to Cambodia
The sides discussed trade and economic, scientific, humanitarian and regional cooperation, the ministerial consultations due in 2017, and the meeting of the intergovernmental Belarusian-Cambodia joint committee for trade and economic cooperation...

Belarusian, Japanese tire makers plan to set up joint venture
During the visit to Belarus Yokohama’s representatives were made familiar with Belshina’s manufacturing capacities and visited three tire plants. Belshina’s General Director Alexei Yakovlev made a presentation about the company and spoke about major investment projects carried out by Belshina...

Belarus, Russia’s Samara Oblast hope to exceed $600m worth of bilateral trade
According to the vice premier, Belarus and Samara Oblast need to step up efforts to develop cooperation ties. “It is needed to change approaches and advance to cooperation ties from the buy-and-sell principle. By the way, we have promising industries in this regard. These include petrochemistry, rocket and missile engineering, space industry,” he explained...

Sri Lanka shows interest in Belarusian military hardware
The Security Force Headquarters Commander Ruwan Kulatunga stressed that Sri Lanka is extremely interested in cooperation. “We are mainly interested in overhauling our armored vehicles, modernizing armament systems. We also consider buying new specimen of equipment and technology,” the Major-General said...

Gomel Oblast, Serbia’s Vojvodina Province sign cooperation agreement
“Vojvodina is one of the most developed regions in Serbia. There is a great potential for stepping up relations between Vojvodina Province and Gomel Oblast in various areas. The signed document will help accomplish it”...