Business news

1 Mar 2019

Lukashenko: No obstacles towards privatization in Belarus
According to Alexander Lukashenko, he is not ready to throw the agriculture, which has not recovered fully, into hot water by transferring it into private ownership and stripping it of subsidies. The president cited Agrokombinat Snov as an example of a successful company...

1 Mar 2019

Accomplishments of Belarusian agriculture praised
"I’ve been heavily criticized for reviving the countryside but today it is an internationally recognized project. Our sales are as large as $5.5 billion"...

1 Mar 2019

Impact of Russia’s tax maneuver on Belarusian economy seen as exaggerated
The president recalled that the tax maneuver in the oil industry in Russia will cost Belarus about $400 million this year. “With the GDP at more than $50 billion I think we will survive it somehow”...

1 Mar 2019

Belarus president concerned about Russia’s unwillingness to negotiate long-term gas price
The president stressed that Belarus does not need cheap natural gas. “Our BelAZ, MAZ, MTZ, our people should have conditions on par with the conditions Russians enjoy. It is an unavoidable axiom. It is what all unions are all about,” the head of state pointed out...

1 Mar 2019

Lukashenko: EAEU gets increasingly politicized
“Even if we put forward a sensible proposal to resolve one or another issue, we end up rendering a decision meaningless. Each country tries to make the free movement of goods, capital and people impossible and to bypass it, although this is the nuts and bolts of this union”...

1 Mar 2019

Capital amnesty under consideration in Belarus
“We should consult with the private sector. We don’t want it to be a blank shot. If business circles convince me that it has to be done and will produce the desired effect, we will go for it”...

28 Feb 2019

China-Belarus industrial park Great Stone to host Belt and Road forum in July
"Countries, which are partners within the framework of the Belt and Road initiative, as well as the countries we see as fit to host potential resident companies will be invited to participate in the forum"...

28 Feb 2019

Belarus’ Gomselmash might set up joint ventures in Uzbekistan
The Belarusian delegation and their Uzbekistani partners also discussed a possibility to boost supplies of fodder harvesters, grain harvesters, and other farm machines. At present Gomselmash mostly ships fodder harvesters to Uzbekistan...

28 Feb 2019

New company to set up big data processing center in China-Belarus industrial park Great Stone
The project provides for creating infrastructure solutions in line with a smart city concept to plan transport routes, find parking lots, and handle digital clinic patient records...

28 Feb 2019

Belarus' external debt down 1.1% to $16.7bn in January-February 2019
As of 1 February 2019, Belarus' external debt totaled $16.7 billion, down by $0.2 billion or 1.1% from the beginning of the year (taking into account differences in currency exchange rates)...

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