Business news

Belarus takes part in agro-town construction in Sakhalin
50 houses are planned for construction. A part of them will be built using Belarusian design projects...

Belarus to present cutting-edge military hardware in UAE
Chairman of the State Defense Industries Committee Sergei Gurulev will lead the Belarusian delegation during the expo. Sergei Gurulev intends to meet with top officers of the UAE army as well as heads of companies from a number of countries to discuss the implementation of current and future projects in the area of military and technical cooperation...

Belarus may join WTO in 2017
When asked on Belarus’ WTO accession, Vladimir Ulakhovich said: “Naming deadlines is a thankless task, but I do not rule out that this may happen before the end of the ongoing year. Very soon we will have another round of talks and I think we will be able to say more about the deadlines after them”...

Belarus, Russia’s Smolensk Oblast to advance trade, economic cooperation
The negotiations were chaired by Belarusian Transport and Communications Minister Anatoly Sivak and Vice Governor, Head of the Investment Development Department of Smolensk Oblast Rostislav Rovbel. The negotiations primarily focused on cooperation in heavy and light industries, civil engineering, shipment and maintenance of Belarus-made vehicles in Smolensk Oblast...

Belarus, India to step up cooperation in pharmaceutics, healthcare
This week, New Delhi hosted the first meeting of the Belarusian-Indian joint working group for cooperation in pharmaceutics and healthcare. The parties discussed collaboration in these two areas, including matters related to the registration of pharmaceutical products and medical equipment in Belarus and India, establishment of joint enterprises, transfer of pharmaceutical technologies, and cooperation in biotechnology and training of specialists...

Belarus, Venezuela discuss implementation of joint projects
The parties also reviewed the status and prospects of the cooperation between Belarus and Venezuela, organization of joint events to mark the 20th anniversary of the diplomatic relations, and support for Belarus’ candidacy in the elections to the United Nations Economic and Social Council to be held in June 2017...

Belarusian BelAZ, Chinese Sangjian plan to create joint venture in China
Within the framework of the document China Space Sanjiang Group Corporation, a subsidiary of CASIC, expressed its interest in cooperation with enterprises accountable to the Belarusian Industry Ministry in a number of areas. A delegation of Sanjiang management arrived in Minsk on 19 January for a more detailed discussion of the ways of further cooperation...

Belarusian nuclear power plant to start getting nuclear fuel in late 2018
The official reminded that in line with the general contract on building the Belarusian nuclear power plant the general contractor will have to supply enough fuel to fully load the two reactors and to reload them one more time...

Energy Ministry: Belarus provided SEED mission with all requested information
“This mission is very important for our country. We provided the IAEA with all the necessary materials ahead of the mission. In the course of the mission, Belarusian and Russian specialists answered all questions from the IAEA experts. We were as open as possible and provided them with all requested information,” Mikhail Mikhadyuk noted...

Belarus to start making BKA-2 satellite in Q1 2017
According to the source, financing will become available in Q1 2017. “The project has already begun. It is proceeding now upon initiatives of the manufacturing company and the customer. We expect the financing of the main work to begin in Q1 2017,” said Sergei Zolotoi. He noted that the satellite is scheduled for launch in late 2019...

Lukashenko: Reduced oil supplies from Russia should be compensated by alternative shipments
He noted that these issues were discussed in the end of the previous year. “We have not just discussed alternatives. We have already tested them, importing oil for our oil refineries from the Black and Mediterranean Seas to see in practice how it works economically,” the President said...

Belarus, Czech Republic hold ministerial consultations
The parties discussed joint steps to develop trade, economic and investment cooperation between the two countries, issues related to Belarus-EU economic and investment cooperation within the Eastern Partnership and other initiatives...

Plans for forum on biotechnologies during Belarus’ presidency in CEI
“Science can exist if only it develops internationally. It is impossible to lock up in Belarus and do something inside the country only. This year Belarus presides in the Central European Initiative and the country mulls over hosting a big forum in the area of biotechnologies. I think we will put forward a number of proposals,” Alexander Shumilin said...

Belarus-China trade rises almost 100 times over 25 years
“In the economic sector we have chosen a way of evolution: from trade relations to the implementation of big investment projects with credit support from China. Over the past 25 years our trade turnover has soared almost 100 times. Over the last five years investment has gone up 4 times (over $1 billion), with FDI showing a 13-time increase,” Nikolai Snopkov said...

Belarusian businessmen to visit Luxembourg
While in Luxembourg, Alexander Mikhnevich met with Director General of the Chamber of Commerce of Luxembourg Carlo Thelen, Secretary General of the Luxembourg Bankers’ Association Annemarie Jung, and financial experts and businessmen...

Belarusian-Russian harvester maker Bryanskselmash reveals ambitious plans
“On the whole, the share of grain and forage harvesters marketed under the Desna-Polesye brand on the Russian market now varies from 25% to 30% depending on the harvester’s modification. Every year we raise the figure by several percentage points,” said Valery Suleyev...

Investment forum in Hong Kong to intensify business ties with Belarus
As part of the visit of the Belarusian government delegation to China’s special administrative region of Hong Kong , First Deputy Prime Minister Vasily Matyushevsky met with Chief Executive of Hong Kong Liang Zhenying. The sides exchanged opinions on the development of cooperation in investment, finance, trade, economy, and tourism...

Belarus to keep food supplies to Russia at current level in 2017
“In our export promotion strategy Russia will remain a high-priority trade ad economic partner. We export a lot of farm products there, which means that Belarusian products are widely popular with Russian consumers. Our strategy is simple: to preserve the volume and level of supplies we have reached in the previous years. Additional agricultural produce (both in meat and dairy) will be diversified,” Alexei Bogdanov stressed...

Belarusian electric car to be trialed by year end
The Belarusian electric car will be based on a BelGee car. “We should have a prototype by autumn and get the prototype trialed in Belarus. We hope we will have results by the end of 2017,” said Alexander Kilchevsky...

Agreement on LED products subpark at Great Stone signed in China
The document was signed during the visit of the Belarusian delegation led by Minsk Oblast Vice Governor Viktor Sirenko to Guangzhou, Guangdong Province. On 18 January the Belarusian delegation met with Guangdong Province Vice Governor He Zhongyou to discuss the development of twinning relations. The talks resulted in the signing of the agreement on a LED products subpark at the Great Stone...