Business news

Belarus, Hong Kong agree to waive visas
The agreement will come into force once the intrastate procedures in the Republic of Belarus and the People’s Republic of China are over. Specialists believe that the lifting of visa requirements will greatly invigorate business and tourism contacts between the two countries...

MTZ to ship 1,500 tractor knock-down kits to Egypt
“We plan to sign a contract on 1,500 tractor knock-down kits. The stock list will be additionally coordinated,” said Fyodor Domotenko. In his words, the minimal sum of the contract is estimated at $20 million...

Belarus, Egypt to cooperate in groundwater extraction, air quality management
“Minister of Natural Resources and Environmental Protection Andrei Kovkhuto is currently in Egypt on a visit as part of an official delegation headed by President Alexander Lukashenko. Two documents have already been signed,” Irina Stekh-Sankevich said...

Belarusian investment forum in China’s Hong Kong on 17 January
The delegation includes Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy, Tax and Duties Minister Sergei Nalivaiko, First Deputy Economy Minister Alexander Zaborovsky. Members of the delegation are expected to meet with top officials of the Hong Kong administration, representatives of the business and financial circles...

Belarus, Egypt to step up cooperation in security, personnel training
The heads of state noted that terrorism and extremism still represent a serious threat to regional and international security and stability. The sides confirmed the need to step up cooperation in the fight against terrorism and terrorist organizations, transnational organized crime, illegal trade in narcotic substances, illegal migration, and trafficking in persons...

Belarus to assemble tractors in Egypt’s Alexandria
“The modernization of the plant will make it possible to export the goods which will be produced in Egypt. The terms of the free economic zone provide an opportunity for healthy competition in neighboring regions. I think that in a two years’ time it will be an exemplary production facility in our friendly country, Egypt,” MTZ Director General Fyodor Domotenko said...

Plans for LED products subpark in China-Belarus industrial park Great Stone
The Belarusian delegation met with representatives of the Guangdong Province association of manufacturers of lighting appliances, who are interested in setting up a Guangdong subpark in the China-Belarus industrial park Great Stone in order to make modern LED products...

Logistics named promising avenue of Belarus-China economic cooperation
According to the Minister of Foreign Affairs, Belarus is located at the crossroads of important trade routes that connect the Baltic Sea with the Black Sea as well as Russia with the European Union...

IAEA’s SEED mission to visit Belarus on 16-20 January
At the request of an IAEA member state, the SEED Mission provides integrated assistance at different stages of nuclear power projects. The mission provides an independent assessment review of the site and design safety of the nuclear plant with respect to natural and human-related external and internal hazard phenomena,” Dmitry Mironchik said...

Enterprise to make Belarusian tractors in Egypt’s Alexandria to be commissioned soon
“We see good prospects for the development of the bilateral trade and economic relations, not only for increasing and diversifying our trade, but also for strengthening the industrial cooperation and establishing joint ventures. An innovative enterprise with designed annual output capacity of 200 to 2,000 tractors will be put into operation,” Sergei Rachkov said...

Belarusian enterprises in Russian free economic zone in Egypt under consideration
The possibility of implementing a Belarusian-Egyptian project involving remote sensing of the Earth and space imagery processing looks promising, noted the diplomat. “The Belarusian side is interested in getting several Belarusian companies to take part in the implementation of national infrastructure projects in Egypt, including work with third countries,” said Sergei Rachkov...

Belarus plans to deliver BelAZ equipment to new mineral deposits in Egypt
“We have presented our potential to the Minister of Petroleum and Mineral Resources, governors of Port Said, Red Sea, and South Sinai. BelAZ dump trucks are successfully used in Asyut Governorate to extract raw materials for the production of cement, and we plan to organize the delivery of BelAZ equipment to the new mineral deposits in Egypt,” Ambassador Sergei Rachkov said...

Over 100 delegations visit BelNPP information center in 2016
Among the visitors of the center are university and school students, mass media and representatives of government bodies, member of public organizations and ordinary citizens...

Belarusian R&D park Belbiograd projects to earn $500m by 2023
The official said that 26 projects had been fleshed out so far. By 2023 the projects are supposed to earn about half a billion U.S. dollars for the state. “The projects will produce new medications, new pharmaceutical products, and new nanotechnologies,” said Sergei Kilin...

Sberbank to invest over $100m in real estate in Belarus
“We will finish the restructuring of the debt in Q1 2017, and the bank will embark on the program of modernization and improvement,” Sberbank Chairman of the Board German Gref told reporters after the meeting with Belarus President Alexander Lukashenko...

Increased resilience of Belarus’ monetary system to external shocks praised
“The shock has almost been overcome. The policy of the National Bank of Belarus envisaging a transition to the floating exchange rate of the Belarusian ruble should prevent recurrence of the shock, even if unforeseen circumstances arise,” Sberbank President, Chairman of the Board German Gref said...

Progress in building aircraft repair factory, second runway in Minsk airport examined
The construction of the new aircraft repair factory will be finished in 2017. At present casual observers may see one strategic installation at the construction site — a hangar where 80% of the current factory’s production assets will be located. Once the hangar is operational, the entire manufacturing process can be relocated to the new premises. The contract with the general contractor OAO Grodnopromstroy provides for commissioning the hangar in May 2017...

Plans to build three pharmaceutical plants in Belarus with participation of India
“Our country maintains active political contacts with India. We have many good investment projects, develop scientific and technical cooperation. Bearing in mind that India has a strong presence on the pharmaceutical the market, we reached an agreement with Indian partners to build, within the next 2 to 3 years, at least 3 pharmaceutical plants, with the participation of Indian capital”...

Next round of Belarusian-Lithuanian talks on nuclear power plant construction scheduled for Q1 2017
“Two negotiation processes are in progress between Belarus and Lithuania. One of them is focused on problems relating to the construction of the nuclear power plant. Two rounds of negotiations have been held already. The third round is scheduled for Q1 2017,” said the Belarusian First Deputy Natural Resources and Environmental Protection Minister...

TIBO 2017 expected to focus on promising technologies for Belarus
"These include additive technologies, 3D printing, big data processing technologies, and the Internet of things. Electronic government that we are actively promoting is also on the list,” Belarusian Deputy Prime Minister Anatoly Kalinin Anatoly Kalinin noted...