Business news

Belarus sets country-specific export growth targets for 2017
Commodities export growth in 2017 will be a key performance indicator for the heads of Belarus’ diplomatic missions abroad and the officials tasked with promoting the relations with specific countries. In particular, Belarus’ export of goods (excluding crude oil, petroleum products and nitrogen fertilizers) to Azerbaijan is forecast to increase by 120% as against 2016, to China by 15%...

Belarus, Spain plan to sign agreement on cooperation in science, technology
A draft of the document was handed over to the Spanish side for consideration. Alexander Shumilin pointed out that the parties have significant potential in the area of mutual technology transfer in such priority cooperation fields as information technology, nano- and biotechnology, medicine, and new materials...

Belarus’ Industry Ministry commended for good performance in 2016
The industrial production in Belarus was at the level of 99.6% in 2016 as against a year earlier. "If Belneftekhim had enough oil, the industrial production figures would have been somewhere at the level of 101.1%,” Vladimir Semashko said...

Belarus ships first batch of dairy products to Syria
“As for Syria, this country has a huge interest in the delivery, it wants to work with Belarus. The products were shipped in January, Syria will get them soon,” Aleksei Bogdanov said. The deliveries to Syria are profitable for Belarusian enterprises...

Belarus, Rwanda seek to cooperate in industry, agriculture
This matter was high on agenda of the meeting between Belarus’ Deputy Minister of Foreign Affairs Valentin Rybakov and Ambassador Extraordinary and Plenipotentiary of Rwanda to Russia and concurrently to Belarus Dr Jeanne d'Arc Mujawamariya...

Over 100 Belarusian hi-tech solutions on display at Transfiere expo in Spain
The Belarusian delegation will present the latest sci-tech and innovative projects and also the most promising solutions in different areas of bilateral cooperation. It is for the first time that Belarus has presented a national pavilion at Transfiere, the European Meeting for Science, Technology and Innovation...

Opportunities for economic cooperation with Belarus presented in Canada
The Belarusian diplomat attended an economic workshop organized by the Belarusian Embassy in Canada jointly with the Mogilev Office of the Belarusian Chamber of Commerce and Industry and the Canada Eurasia Russia Business Association. Oleg Kravchenko presented opportunities for economic cooperation with Belarus...

Belarus, Laos plan to set up joint lab for quality analysis of natural resources
Ambassador Extraordinary and Plenipotentiary of Belarus to Vietnam and concurrently to Laos Vladimir Goshin met with Lao Minister of Science and Technology Boviengkham Vongdara to discuss the plans...

Raiffeisen International to grant some €15m for upgrading fleet of Belarusian freight carriers
“The investment project will run for a year and attract up to €15 million to the Belarusian economy. The funds will be used to upgrade the vehicle fleet of Belarusian freight carriers. Freight forwarders will be able to buy over 150 modern long-haul trucks of the Euro 6 environmental standard. The money will be provided on leasing terms for up to five years at 8.5% interest rate in euros”...

Belarus to adopt strategy to improve governance of state-owned enterprises
“These efforts will result in a stable financial market, with better efficiency and improved structural balance, able to meet the clients’ needs in financial services without state support”...

Brest to host international business forum in April
The forum will include a series of discussions and an exposition area. The event will provide a great opportunity to talk over the issues related to investing, establishing and strengthening long-term cooperation in production, trade and services. The exposition will feature the economic and investment potential of Brest Oblast...

Financial Times to write article about IT training in Belarus
Maija Palmer interviewed BGUIR Rector Mikhail Batura. The questions she asked pertained to the quality of education in the Belarusian IT sector, government support of the education sector, international programs for students, cooperation of the BGUIR with business customers. She was also interested in the employment of the university leavers and the percentage of those succeeded in business undertakings...

Belarus, Laos ready to strengthen economic ties
The parties also discussed setting a joint laboratory to study the quality of mineral resources of Laos and the forms of crediting the Belarusian exports to Laos...

Belarus, Turkey discuss cooperation in trade, investment
Ambassador Extraordinary and Plenipotentiary of Belarus to Turkey Andrei Savinykh met with Husnu Dilemre, Deputy Undersecretary at the Ministry of Economy of Turkey...

Belarus to take part in European Forum for Science, Technology and Innovation in Spain
“Belarus will display its national exposition at the 6th European Forum for Science, Technology and Innovation Transfiere in Malaga on 15-16 February. The Belarusian exposition will feature 18 participants who will showcase the country’s most advanced scientific and industrial solutions,” Dmitry Mironchik said...

Belarus to establish R&D and industrial cluster in electronics
“This cluster will be a coordinating structure in research and production of micro-, optical and microwave electronics and electronic and electro-optical machinery and instrument engineering"...

Belarus shows interest in Pakistan infrastructure projects
“Keeping in mind the positive dynamics of bilateral relations, there is every chance for the Belarusian equipment to be part of the implementation of ambitious infrastructure projects. Pakistan shows a big interest in setting up joint companies in cattle breeding. Baby food made in Belarus is in great demand,” Andrei Yermolovich said...

Belarus invites Iran to cooperate in pharmaceutical industry, space exploration
A Belarusian parliamentary delegation led by Chairman of the Council of the Republic Mikhail Myasnikovich discussed opportunities for the implementation of joint projects during its visit to Iran...

Vorobyov: Belarus and Austria are implementing a lot of projects
Yevgeny Vorobyov stressed that Belarus and Austria have always enjoyed good relations and fruitful cooperation. Bilateral relations are consistently advanced by meetings between the presidents of the two countries, representatives of the ministries of foreign affairs...

PM: Belarus ready to offer wide range of equipment to Russia’s Kostroma Oblast
Industrial cooperation with Kostroma Oblast holds good prospects too, the Belarusian head of government believes. There are successful examples of such cooperation, for example, between Minsk Motor Plant and Kostroma Plant of Automotive Components. “For the time being the cooperation is across a small nomenclature, but this interaction can be expanded"...