Business news

China may allocate $1bn for modernization of Belarusian oil refineries
According to Xi Jinping, China has the possibility of providing assistance to Belarus in the matter. He instructed the heads of the corresponding agencies to consider the issue...

Chinese CITIC Group to invest some $1.5bn in new projects in Belarus
"We have already agreed to set up an enterprise to make special robots in Belarus. We are also starting implementing projects in agribusiness, agriculture, and petrochemical industry in Belarus. The volume of investments will be close to $1.5 billion”, Wang Jiong said...

Belarus, China to establish joint venture capital fund by September 2017
“All the main decisions have been made already. We intend to prepare the incorporation documents this summer in order to establish the fund by 1 September. At the same time we will be looking for venture projects in order to finance them using the Belarusian-Chinese fund this year”...

Four new companies join Belarus-China industrial park
“Three companies from China’s Guangdong province will make LED products. The fourth company is engaged in geothermal research. It will produce geothermal heat pumps. These products will be in demand in the Great Stone industrial park. We plan to utilize them in Belarus’ social and residential infrastructure,” Alexander Yaroshenko told...

Plans to set up Huawei's new R&D center in Belarus-China industrial park
The parties considered the proposal to set up ventures in the park to produce accessories and components for Huawei’s complex communication systems and other products. This idea was proposed by Belarus’ Ambassador to China Kirill Rudy to Huawei Vice President Amy Lin during a meeting in January 2017...

China to provide over $340m for development of Belarus’ Amkodormash, Saleo-Gomel, Saleo-Kobrin
The parties are also considering matters related to China’s participation in other investment projects in Belarus. “We meet with potential investors who are ready to communicate and cooperate with us. Besides, we are exploring aspects of our presence in the domestic financial market of China,” Yuri Seliverstov said...

China viewed as promising market for Belarusian ice cream
Prime Minister of Belarus Andrei Kobyakov made the statement as he was made familiar with the progress of SOOO Morozproduct’s retooling campaign in Pukhovichi District, Minsk Oblast...

Belarusian business invited to attend Economic Forum Velden in Austria
Belarusian Deputy Economy Minister Pavel Utyupin emphasized that Belarus is interested in boosting the trade with Austria and presented opportunities for strengthening the investment cooperation between the countries. He said that tourism, woodworking industry, and agriculture are promising cooperation areas...

Chinese corporation seeks closer cooperation with Vitebsk Oblast
“We are implementing a number of projects in Belarus. Some of them have already been completed. For instance, we took part in the reconstruction of CHP plant No.2 and CHP plant No.5 in Minsk. Our corporation performs the functions of a general contractor and prepares subcontracting organizations"...

Great Stone administration, BCCI sign cooperation agreement
The parties agreed to develop cooperation in order to create favorable conditions with a view to promoting trade, economic, investment, scientific and technical cooperation between Belarus and China, facilitating contacts between businessmen of the two countries...

Lukashenko urges to improve agricultural production in northern regions of Belarus
President Alexander Lukashenko was interested in the situation in rural areas, especially in Vitebsk Oblast, because of weather conditions. The president was informed that the situation is rather difficult because of precipitation and cold weather which have a negative influence on the speed of the sowing campaign...

First phase of logistics subpark in Belarus-China industrial park over
The deputy prime minister noted that the agreements related with the park's construction are being implemented ahead of schedule. “The project has been completed very promptly. The ground-breaking ceremony with the participation of the Belarusian and Chinese leaders was held less than two years ago"...

Slovakia invests in construction of livestock farms in Belarus’ Vitebsk Oblast
“Slovaks are set to invest in the construction of farms, a cattle breeding farm in Lepel District and a sheep breeding farm in Dokshitsy District. This branch of livestock breeding used to be popular in Vitebsk Oblast some time ago"...

Minsk Oblast, Austria’s Carinthia seek cooperation in alternative energy
The agreement on cooperation and partnership between the Belarusian and Austrian regions was signed in 2008. Last year the delegation of Mink Oblast took part in the Central and Eastern European Forum in Velden. Minsk Oblast held a presentation with an emphasis on the potential of the China-Belarus Industrial Park Great Stone...

Bulegenov: Vitebsk Oblast and Kazakhstan have huge cooperation potential
“I am confident that this forum will help expand trade and economic cooperation with many states. Kazakhstan has a small trade turnover with Vitebsk Oblast, if we compare it with other Belarusian oblasts. Yet, the potential is huge"...

Russia’s Rostov Oblast interested in assembling Belarusian MTZ tractors
“Our farmers need Belarusian tractors. These tractors occupy a serious [market] niche. We already work together. Reanimating the assembly enterprise in Bataisk is the idea,” Rostov Oblast Governor Vasily Golubevsaid...

International shopfitter Modern-Expo Group opens factory in Vitebsk
The retail equipment factory’s launch created more than 200 jobs in Vitebsk. The number will rise in the future. The enterprise uses 25,000m2 of manufacturing premises, which the Vitebsk-based electronics manufacturer OAO Vityas could spare, and relies on state-of-the-art metalworking technologies...

Belarus sees prospects for increasing trade with Rostov Oblast to $0.5bn
The president mentioned a positive dynamics in trade between Belarus and Rostov Oblast. In 2016, the trade turnover went up almost 20% and reached $340 million. “If we act in a persistent and systematic way, we will reach a desirable $0.5 billion level of bilateral trade,” the head of state said...

Ivanic: Considerable opportunities for development of Belarus-BiH economic cooperation
The Chairman of the Presidency of Bosnia and Herzegovina noted that there are considerable opportunities for the development of economic cooperation, especially in agriculture and tourism...

Belarus to open technology transfer center in Egypt
"We agreed to set up a technology transfer center, a branch of our Academy of Sciences in Egypt, that would facilitate the transfer of technology and solutions developed by Belarusian scientists to Egypt. Plans have been made to open the center in Cairo. Belarusian and Egyptian specialists will work there”...