Business news

Belarusian-Korean IT cooperation center opened in Minsk
Belarusian Communications and Informatization Minister Sergei Popkov said: “We are now implementing the government program on developing digital economy and information society in 2016-2020. The establishment and operation of the IT cooperation center represents an instrument that will allow us to move faster to accomplish these goals”...

Belarus makes debut at Expo Fine Food in Shanghai
Products of the leading Belarusian enterprises are featured at the Made in Belarus stand. The Belarusian delegation is scheduled to have business meetings with representatives of Chinese companies...

Belarus to set up joint auto assembly plants in Vietnam
The parties discussed a wide range of issues on bilateral agenda, the organization of the highest-level visits, the trade and economic cooperation and the projects to set up joint auto assembly plants in Vietnam...

Some $700m paid to Belarusian contractor for building Garlyk mining, processing factory
"Transactions are in progress now. The system of transfers, advance payments, and guarantees is rather complicated,” said Mikhail Myasnikovich. “But as the general contractor Belgorhimprom has already received about $700 million. All the necessary agreements have been signed. Post-launch services will be provided till 2020 in line with the contract. These services will be paid for, too”...

Bobruisk-made tractors Belarus on display in UK
The presentation of Belarusian products was organized by the Banwell-based company Belarus Tractors Ltd. Since 2016, this company has been the official dealer of the Bobruisk Plant of Tractor Parts and Units in the United Kingdom. The lineup of Belarus compact tractors displayed in the UK includes nine basic models of tractors powered by 25-63hp engines...

Governor: All cooperation agreements between St. Petersburg and Belarus honored
Georgy Poltavchenko said that St. Petersburg and Belarus are exploring new areas of cooperation such as joint programs of import substitution, development of a knowledge-based economy, the production of innovative goods...

Pakistani textile manufacturers in Belarus on a visit
Two large delegations of textile producers from Pakistan are currently in Belarus to hold talks on the cooperation in light industry and establishment of joint ventures to manufacture textile products and related goods. The visit will run from 27 to 31 March...

Minsk Oblast, China’s Chongqing city sign twinning agreement
The document was signed by Minsk Oblast Governor Semyon Shapiro and Chongqing Vice Governor Liu Guiping. Before the document was signed, delegations of the two sides held negotiations. Semyon Shapiro underlined that Belarus and China are connected by solid partnership...

Council of Exporters under Belarusian Foreign Ministry convenes in Minsk
Over 80 people took part in the first session of the Council of Exporters. Those are representatives of export companies, small and medium businesses, ministries, government agencies, concerns, and municipal government agencies...

Belarusian MTZ tractors dominate Russian market
Belarusian tractors remain leaders on the markets of Russia and Kazakhstan. It was confirmed by the figures voiced by representatives of MTZ trading houses during a review conference in Moscow Oblast...

Lukashenko: No unfair treatment of businessmen in Belarus
He noted that regional authorities are encouraged to attract foreign investments, so the government is interested in the relevant process...

Lukashenko instructs to mull over construction of new nitrogen plant in Belarus
Alexander Lukashenko gave an instruction to think about the location of the plant taking into account logistic opportunities, the availability of workforce, and other important aspects. “Does it make sense to open the second enterprise of this kind near Grodno? Such enterprises should be located in various corners of Belarus, but it is not the main concern,” the head of state said. “Think where to set up this solid modern enterprise”...

Italy eager to intensify cooperation in green economy with Belarus
“The green economy sector is very important and is an innovative branch for Belarus and Italy. Its importance is proved by the fact that the forum will be attended by more than 200 organizations, a half of them are Italian companies. Italian investors have been focused on the sectors of the economy that are traditional for the Italian business so far. The forum aims to expand their horizons and prioritize green economy sectors that are also important for Belarus,” Stefano Bianchi said...

Vovk: Belarus and Pakistan can boost trade to $1bn by 2020
"Belarus-Pakistan relations are growing stronger year by year and the bilateral cooperation is developing fruitfully in all fields,” Vitaly Vovk said. “The last two years became a watershed for Belarus-Pakistan relations and were marked with the launch of the full-scale high-level political dialogue"...

Agreement on new Belarus-World Bank project in utilities industry
The plans were discussed as Deputy Prime Minister of Belarus Anatoly Kalinin met with World Bank Country Manager for Belarus Young Chul Kim...

Profits first in Belarusian nuclear power plant electricity export
“The main purpose of building a nuclear power plant in Belarus is to diversify the kinds of fuel, which are used to generate electricity and to reduce the prime cost of electricity generated in Belarus. The measures are supposed to bolster the country’s energy security and the competitive ability of the national economy,” stressed the Belarusian Deputy Energy Minister...

Belarusian nuclear power plant’s stress tests compliant with European methods
According to the source, Belarus stress-tested its nuclear power plant in 2016 using European methods and taking into account recommendations based on the European Commission’s and the European Nuclear Safety Regulators Group’s (ENSREG) specifications. The national regulating agency (the Nuclear and Radiation Safety Department of the Belarusian Emergencies Ministry) is now preparing a report on the stress tests...

Luxembourg to host Belarus-EU investment forum in October
The parties discussed the current relations between Belarus and the European Union, cooperation prospects in a number of areas in both bilateral and multilateral formats. The parties considered the ways to attract investment of international financial institutions in Belarusian projects...

Belarus seeks more joint pharmaceutical projects with India
Belarus and India cooperate in many areas, Mikhail Myasnikovich said. Relations between the two countries are developing not only in trade but also in investment. Belarus and India are implementing many promising sci-tech and university personnel training projects...

Belarus seeks closer cooperation with UNECE to promote PPP
The Belarusian delegation was led by Pavel Utyupin, Deputy Economy Minister of the Republic of Belarus. In reviewing the Program of Work of the Committee for 2018-2019, Pavel Utyupin proposed to expand interaction with the UNECE in the provision of consultative and technical support for the development of PPPs in the Republic of Belarus, including at the regional level...