Business news

Lukashenko, Poroshenko discuss Ukrainian electricity export to Belarus
“We discussed it and gave relevant instructions concerning the possibility of exporting Ukrainian electricity to Belarusian consumers,” said the Ukrainian head of state...

Belarus, Ukraine to set up new joint ventures in various sectors
“We agreed to take a fresh look at industrial cooperation, to intensify the work on setting up new joint ventures in various sectors of the economy,” Alexander Lukashenko told the media following the talks with Ukraine President Petro Poroshenko...

Belarus eager to advance mutually beneficial cooperation with Moldova
Andrei Kobyakov mentioned Gheorghe Hioara’s contribution to the advancement of Belarus-Moldova trade and economic relations. “We enjoy very kind and good relations with Moldova and the Moldovan nation. We expect our partnership to grow stronger with the arrival of the new ambassador,” said the prime minister...

Belarus, Venezuela discuss ways to develop joint assembly plants
The parties considered mechanisms to develop joint assembly plants, reach their design capacity, and increase the localization of production in Venezuela. They also discussed the possibility of launching supplies of Venezuelan products to Belarus...

Belarus’ MTZ, Russia’s Krasnoyarsk Krai sign cooperation agreement
MTZ will supply Krasnoyarsk Krai with agricultural equipment BELARUS, will provide pre-sales and after-sales maintenance services, and assist leasing companies in acquiring agricultural equipment...

Call for more private investments in Belarusian defense products
“However, regardless of how perfect modern weapons can be, the army needs well-trained, patriotic soldiers and officers with strong morale. It is necessary to pay more attention to the quality of personnel training and their patriotic education. Everyone should deeply feel his or her involvement in the protection of the fatherland and responsibility for making the border more secure,” added the president...

Lukashenko: State control and responsibility of private businesses for their work must stay in place
“In other words, state control and the responsibility of private businesses for their work must stay in place. I am told that many representatives of government agencies and the private sector have argued against the responsibility enforcement measures I’ve just mentioned. We will make everyone responsible — government agencies and private companies to the max. The president and members of the parliament bear the ultimate task of control and responsibility enforcement because people elected"...

Belarus president against excessive auditing of private enterprises
“It is necessary to take a serious look at the operation of control agencies. We don’t need excessive audits that paralyze the operation of private companies. You don’t have to audit all the time the companies that work just fine. But you should always keep an eye on companies with a bad track record. Watch them even more closely than you do now”...

Belarus invited to build second mining, processing factory in Turkmenistan
The head of state said: “Let me tell you a small secret: during the acceptance ceremony of the [Garlyk] mining and processing factory the Turkmenistan president asked us to build a second factory like that. You may have noticed that a tender has already been opened for building the second factory. I was told that everything will be done to entrust Belarusians with building the second factory. I said we will win the tender anyway if we want to"...

Lukashenko demands measures to boost export of services
“The potential we have in the export of services remains hugely untapped. We earned a lot on the export of services before. We need to win back the positions we had and work hard to make them stronger. Special attention should be attached to the most promising of them. These are engineering and tourist services”...

Belarus, Vietnam to establish joint ventures, penetrate third-country markets
While discussing prospects of advancing trade and economic cooperation, the sides paid close attention to the establishment of joint manufacturing enterprises and the penetration of third-country markets, primarily in the ASEAN region...

Opportunities for doing business in Belarus presented in German Bonn
Over 60 German businessmen and a group of Belarusian managers, who were in Germany as part of the Belarusian-German young executive personnel training program, took part in the Belarusian Economy Day...

Belarus, Russia’s Nizhny Novgorod Oblast to step up cooperation to make automobile components
“We have agreed that we should develop a serious program on automobile components. Nizhny Novgorod Oblast is good at it while Belarus has a holding company that specializes in making automobile components. We should think about long-term cooperation, make absolutely competitive products as far as prices and quality are concerned”...

Belarus ready to supply buses, trams to Nizhny Novgorod ahead of World Cup 2018
“We would like to participate or increase our presence in the projects carried out in Nizhny Novgorod ahead of World Cup 2018. The scope of our interests is urban transport: buses, trolleybuses, trams,” Andrei Kobyakov said...

Belarus, Estonia review political, economic cooperation
The Belarusian delegation was headed by Deputy Minister of foreign Affairs Evgeny Shestakov; the Estonian one was led by Director General of the Political Department, Acting Undersecretary for Political Affairs at the Ministry of Foreign Affairs Paul Teesalu...

Belarusian nuclear power plant’s first reactor to get fuel in Q1 2019
According to preliminary calculations, fuel will be loaded into the active zone of the first power-generating unit in Q1 2019. The process takes about 10-15 days. Fuel will be delivered to the Belarusian nuclear power plant in late 2018, said Anatoly Bondar...

Belarus, UK discuss prospects for military cooperation
Nick Gurr met with Oleg Voinov, Head of the International Military Cooperation Department at Belarus’ Defense Ministry, Defense Minister’s Aide for International Military Cooperation. During the meeting the parties discussed Belarus-UK bilateral military cooperation. Nick Gurr also visited the Belarusian Military Academy and met with academy’s senior officials...

Czech companies looking for partners in Belarus
Frantisek Masopust said: “Our companies are willing to get familiar with the local business environment, with the opportunities they can explore for doing business. They are interested in finding partners, with whom they could work not only in Belarus but also the Eurasian Economic Union and other countries”...

China viewed as promising market for Belarusian food producers
“In 2016 our export surged 22 times from $67,000 to $1.47 million. I think that the Chinese market is the most promising one in terms of export diversification. Today, China is lagging behind in terms of per capita consumption of many food products, but the country is rapidly developing; people’s income has been growing. The country is toughening the quality requirements. We are ready to work in this market,” Alexander Zabello remarked...

Belarus, Nizhny Novgorod Oblast to develop industrial cooperation
The Russian region plans to buy Belarusian urban passenger vehicles, including modern commuter trains and electric buses. The parties also discussed cooperation in infrastructure development, especially ahead of the 2018 FIFA World Cup. Nizhny Novgorod Oblast is expected to play an important role in the organization of the championship...