Business news

Belarusian specialists study nuclear fuel load software at Novovoronezh nuclear power plant
“The design of our nuclear power plant just like the design of the Novovoronezh nuclear power plant provides for making neutron physics calculations in the Kaskad suite. We should teach the personnel how to work with the suite before the Belarusian nuclear power plant goes online.” Levon Avetisyan stressed that the Novovoronezh nuclear power plant had accumulated a lot of experience in this field...

Government guarantees for Chinese loan for Belarusbank
The Belarusian government will assure the China Development Bank that the $100 million Belarusbank will borrow in order to finance its routine operation will be repaid. Interest rate and other payments involved in using the guaranteed loan will be paid as well...

Six IT companies working in Belarus among world’s best outsourcers
The six IT companies with branches in Belarus included in the listing are: EPAM Systems (resident company of Belarus’ Hi-Tech Park), Itransition (resident company of Belarus’ Hi-Tech Park and member of the Scientific and Technological Association Infopark), Bell Integrator, IBA Group, Ciklum and Intetics...

Belarusian antitank missile system Shershen on display in UAE
The Belarusian antitank weapon system was put on display during the 13th international armaments and military hardware expo IDEX 2017. Apart from the antitank missile system Shershen the Belarusian section of the expo featured the latest defense technologies involving unmanned aerial vehicles, state-of-the-art radio location and radio warfare systems...

Belarusian MTZ to allow higher localization at enterprise in Russia’s Tatarstan
Ways to expand cooperation were discussed when an MTZ delegation led by Director General Fyodor Domotenko met with Tatarstan President Rustam Minnikhanov in the city of Kazan...

Brest Oblast eager to export apparel, dairy products to Pakistan
“We have already made some groundwork for exporting $2 million worth of merchandise to Pakistan. It is a task for this year. We are talking about exporting clothes. I also hope that we will be able to export dairy products and will secure a market niche for other products, too. Export to other distant-arc countries may be increased via Pakistan,” noted Mikhail Serkov...

More Belarusian trucks, tractors assembled in Kazakhstan
Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Yergali Bulegenov talked about the most successful large projects that Belarus and Kazakhstan are implementing together in Kazakhstan. For instance, a joint venture meant to assemble mining machines and BelAZ trucks assembled five trucks in 2016...

Kazakhstan plans to step up industrial cooperation with Belarus
Yergali Bulegenov said that the good interpersonal relations between Alexander Lukashenko and Nursultan Nazarbayev play an important role in the Belarus-Kazakhstan cooperation. "The heads of state have built bonds of friendship and trust. This allows for developing fruitful cooperation between the two countries," the diplomat noted...

FEZ Vitebsk companies advance into six new markets in 2016
In 2016 the resident companies of the Free Economic Zone Vitebsk exported products worth $325 million. They sold goods into 49 countries, with the EU accounting for 26.9% and the CIS countries for 70% of the total export. Vitebsk FEZ includes 36 enterprises with investments from 14 countries in mechanical engineering, electronics, veterinary science, chemical, fuel, food, light industry and other areas...

Belarus expects 600,000 barrels of oil from Iran
The Iranian company has signed a contract with Poland’s Beloil Polska, a subsidiary of Belorusneft, on the delivery of 600,000 barrels of Iranian oil...

Belarus’ industrial, export potential presented in Uganda
The forum that took place in Kampala, the capital city of Uganda, was organized by the Belarusian Embassy in Ethiopia. The business forum showcased the industrial and export potential of Belarus, its flagship manufacturers of trucks and tractors, tires, iron and steel products...

Belarus, Romania plan to develop regional cooperation
Belarus and Romania plan to develop regional cooperation. This matter was high on agenda of the meeting between Ambassador Extraordinary and Plenipotentiary of Belarus to Romania Andrei Grinkevich and State Secretary of Romania’s Ministry for Business Environment, Commerce and Entrepreneurship Cristian Dima...

Belarus sees great opportunities for economic cooperation with Hungary
“It is not just as a diplomatic answer. I should say that every area of Belarus-Hungary cooperation is important. We believe that there are, first of all, great opportunities for economic cooperation, which still has a big potential for further development"...

Belarus, Afghanistan plan to establish joint food processing ventures
The parties signed a memorandum of understanding in matters related to cooperation in agriculture. The Afghan delegation confirmed their participation in the international expo Belagro 2017...

Bobruisk tractor manufacturer plans to boost export to Central America
These tractors equipped with 49hp engines have not been exported to Central and South American countries before. Until recently, the Bobruisk-based enterprise has shipped only lower-capacity tractors to that region. Nicaragua is becoming a kind of a testing ground where Bobruisk-made tractors are tested before we further promote then to other countries of Central America. This scheme was used to promote Belarus-311 tractors on this market...

Spain interested in Belarusian new materials solutions
Some of the Belarusian magnetic materials solutions can be successfully used by Spanish manufacturers of rail vehicles. Solutions designed by the National Academy of Sciences of Belarus in the field of agricultural production, catalysts, non-destructive control methods...

Sichuan province ready to bring more companies to China-Belarus Great Stone park
“It has been noted today that the conditions for Chinese enterprises at the park are even more favorable than in China. Our partners are ready to consider bringing other enterprises of Sichuan Province to the Great Stone park,” Alexander Yaroshenko said...

China’s SINOCONST to invest in Belarusian agricultural industry
The parties to the joint venture are China’s SINOCONST and Belarusian farm ABC-Agro. The total value of the investment project is $15.6 million, involving Chinese foreign credit lines of $12 million for 14 years...

China’s Sichuan province eager to set up joint bus-making venture with Belarus
Relevant plans were discussed during a meeting of Liu Jie, Vice Governor of Sichuan Provincial People’s Government, with Nikolai Rogashchuk, Acting Deputy Head of Minsk City Hall...

Belarus to get €3.6m from European Union to strengthen drug quality control system
Belarus is implementing a EU-funded project designed to support the Belarusian Ministry of Heath in strengthening the system for quality control of pharmaceutical products. A relevant contract for 30 months was signed on 9 February 2016. The project is slated for completion by 8 August 2018...