Business news

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...

Belarus to increase supplies of woodworking products to Moldova
On 22-23 March a delegation of Bellesbumprom Concern paid a visit to Moldova to hold talks on increasing the supplies of woodworking products on the Moldavian market. The joint company Ceramin Chisinau and the Belarusian trade and marketing center, being set up on its basis, are considered as the main partners of the Belarusian exporters in Moldova...

Customers queuing up for Belarusian-Chinese telecom satellite services
According to Andrei Abramov, the main efforts of the Belintersat-1 projects are channeled into providing services on foreign markets. Television broadcasting and data transfer services are the most popular ones...

Belarus, Italy seek to boost practical cooperation
The parties discussed the issues of current bilateral and multilateral cooperation, in particular within the framework of the Belarusian presidency of the Central European Initiative. Alexander Guryanov and Vincenzo Amendola expressed a mutual interest in maintaining the current momentum in Belarus-Italy relations and promoting the bilateral cooperation in practical terms...

Belarus, Oman discuss priority areas in economic cooperation
The Belarusian Minister of Foreign Affairs emphasized the need to promptly form an intergovernmental mechanism of cooperation between Belarus and Oman in the format of a joint committee and sign the corresponding bilateral agreement. The Vice Premier said that Oman will undertake necessary steps in the near future...

Kronospan to invest more in woodworking operation in Belarus
Processing more wood, making more merchandise and exporting it is the idea. In 2017-2018 alone Kronospan intends to invest extra $211 million in its enterprises in Belarus. About 120 new jobs will be created...

Belarusian Belmedpreparaty to make Pfizer medications
According to the source, Pfizer inspectors visited Belmedpreparaty recently to explore possible cooperation options. As part of one cooperation scheme Belmedpreparaty can make medications that will be sold in European countries...

Lukashenko promises tight control over pricing in Belarus
Another important issue that needs to be settled is the need to raise wages and employment. “Jobs at new enterprises are very important for us. These can be small enterprises employing 3, 5, 10, 15, 40, 50 people. It does not matter. Such enterprises will create jobs. Besides, I am absolutely not against if new manufactures are created at old production facilities"...

Social construction projects in Great Stone Park to be launched in June
“I would like to note that we have fulfilled all the tasks set forth by the President of Belarus concerning the development of the industrial park, the construction of the engineering infrastructure. However, we still need to do more – attract investments and residents to our park,” said Anatoly Kalinin. He added that the park offers all necessary infrastructure for any investor to come...

Lukashenko predicts boom for IT sector in Belarus
The president remarked that Belarus is attractive to investors due to the workforce potential and high educational level. The country has created the conditions for the development of different sectors, from woodworking industry to IT...

Belarusbank named best bank in Belarus by Global Finance
The winners were decided by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world. In selecting these top banks, Global Finance considered such factors as the growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products...

Polish delegation to visit Vitebsk Oblast
Poland is showing interest in establishing business contacts with companies of Vitebsk and Orsha. The program of the visit will include business meetings with company managers and local authorities. The business trip will include a tour of the region’s companies with a view to establishing mutually beneficial cooperation...

Minsk to host Belarus-Italy business forum on green economy 24 March
The forum will feature Italy’s latest achievements in the use of renewable energy, waste treatment, air quality improvement, energy efficiency of the economy and the implementation of the smart city concept. The forum will also highlight the potential of financing green economy projects suggested by big private banks and international financial institutions...

Belarus, Bosnia and Herzegovina to step up political, trade and economic cooperation
The matters were discussed as Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Igor Petrishenko met with Ambassador Extraordinary and Plenipotentiary of Bosnia and Herzegovina to the Russian Federation Mustafa Mujezinovic...

Domestic market to use up Belarusian nuclear power plant’s electricity
The official noted that Belarus does not have sufficient fuel and energy resources of its own. It is necessary to develop nuclear energy industry primarily to reduce the cost of electricity generation and to diversify the fuels used to generate electricity...

MILEX to host international scientific conference on military technology on 20-22 May
Participants of the panel sessions will discuss R&D efforts involved in creating and producing new and promising technologies and materials, equipment and instruments for defense and security purposes, dual-use technologies...

Garlyk mining and processing factory slated for launch on 31 March
Mikhail Myasnikovich and Batyr Ereshov considered the matters related to the completion of the construction works and the solemn opening of the Garlyk mining and processing factory slated for 31 March to be attended by Turkmenistan President Gurbanguly Berdimuhamedow...