Business news

New resident company registered in China-Belarus industrial park Great Stone
The new resident company is SAS Industrial. It has been established by the Zhejiang manufacturing and trade company Yongkang Hongfu. The Chinese company intends to implement an investment project to start manufacturing heat radiators made of cast aluminum, steel, and aluminum in the China-Belarus industrial park Great Stone...

Tractors Belarus shipped to Russia’s Sakhalin as part of Far East Hectare program
In June 2016 the agreement to deliver 50 small-scale tractors Belarus as part of the Far East Hectare program was signed during the visit of the Sakhalin Oblast delegation led by Governor Oleg Kozhemyako to the international trade show BelAgro 2016. The agreement is in force...

Belarus PM: Flax industry may contribute significantly to economic growth
According to Andrei Kobyakov, Belarus has always been one of the world’s top flax fiber producers. Favorable climate for flax cultivation can be seen as an objective competitive advantage for the country. In his words, using the potential of the flax industry can make a substantive contribution to the country’s economic performance thanks to the increasing demand for flax products on the foreign market...

Belarus - Hong Kong draft agreement on avoidance of double taxation approved
Belarus President Alexander Lukashenko has approved a draft agreement between the government of Belarus and the government of the Hong Kong Special Administrative Region of the People’s Republic of China on the avoidance of double taxation and prevention of income and capital tax evasion as a basis for further talks...

Belarus, South Korea discuss prospects of cooperation in automobile industry
At the meeting the sides discussed the current state and prospects of bilateral cooperation in the automobile industry, the prospects of interaction between Belarusian and South Korean companies in the manufacture of vehicle components and promotion of products on the markets of third countries...

Cuba ready to bolster ties with Belarus in biotechnology, agriculture, industry
Ambassador Extraordinary and Plenipotentiary of Cuba to Belarus Gerardo Suarez Alvarez said at a press conference to mark the 58th anniversary of the Cuban Revolution...

S Korea to donate equipment to medical institutions of Belarus
The Korean diplomat informed Valentin Rybakov that the Korean government is finalizing the provision, on a gratuitous basis, of medical equipment to the National Research Center for Organ and Tissue Transplantation, Belarus Otolaryngology Research Center and the National Rehabilitation Center for Disabled Children. This is the official assistance for development...

Belarus ratifies agreement on granting international status to Losha-Shumskas border checkpoint
Losha-Shumskas is situated 20-30km away from the Kamenny Log border checkpoint, which is known for its frequent queues. It is expected that Losha-Shumskas will help lessen the load of the nearby border crossing...

Plans to make diesel engines in China-Belarus industrial park Great Stone discussed in Beijing
Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy met with Weichai Corporation Vice President Xu Hong, Weichai International Vice President Lang Hua, and other specialists of the company that deal with the implementation of joint projects in Belarus...

Belarus’ Academy of Sciences to start making BKA-2 satellite in 2017
Piotr Vityaz said: “A new branch of science — space research — emerged in Belarus in the last two years. We have created a system for the remote sensing of the Earth for this kind of research. We also have a satellite of our own. We are now working to create a new remote sensing satellite with the 0.5 meter resolution. Our job this year is to start making it. We have already worked out the engineering specifications and have signed the necessary contracts”...

BelAZ haul trucks mine gold in Georgia
The haul trucks BelAZ-7555V are used in the gold-mining quarry of the company GMP Cooper. It is an open pit. The projected depth of the quarry is 250m. Mining operations are now performed at a depth of 170m. BelAZ vehicles work well at altitudes of 1,000-1,200m above the sea level...

Full round of talks on Belarus’ accession to WTO scheduled for January
The negotiations on Belarus’ accession to the World Trade Organization have been intensified pursuant to the instructions of the head of state and the government. The personnel capacities have been build up, and the proposals for access to the markets of goods and services have been updated...

China-UK freight train service via Belarus now available
During the trial period the train will travel once a week for 12,000km within about 18 days. The train will cross Kazakhstan, Russia, Belarus, Poland, Germany, Belgium, and France...

New oil deposit discovered in Belarus
The new oi deposit is located within limits of the intermediate block of the Rechitsa-Vishansky fault of the Pripyat Trough. The new oil deposit has been named Ugolskoye. An exploratory well 5,218m deep reached the Semiluki Horizon and produced an influx of oil and gas as large as about 39.5 tonnes per day...

Belarus-Pakistan trade, economic commission to sit in Pakistan in March
The parties discussed concrete aspects of interaction between the Ministries of Foreign Affairs and the bilateral contacts between Belarus and Pakistan in general. In particular, they reached an agreement on the visit of the big Belarusian agribusiness delegation to Pakistan to discuss the establishment of joint dairy and halal meat enterprises...

Belarus, Pakistan mull over joint ventures
The parties agreed to organize a visit of a Belarusian agricultural delegation to Pakistan in H1 2017 to discuss issues related to the establishment of joint ventures to produce dairy products and halal meat. The sides also plan to organize a visit of a large Pakistani textile industry delegation to Minsk. The delegation will come to discuss the opportunities for setting up joint light industry enterprises with Belarus’ Bellegprom Concern...

Minsk Oblast, South Sinai Governorate of Egypt draft cooperation development roadmap
The embassy said that a delegation from Minsk Oblast paid a working visit to South Sinai from 27 to 29 December at the invitation of Governor Khaled Fouda Sedike. The program of the visit included talks and roundtable discussions between representatives of the Minsk Oblast Executive Committee, enterprises of the Belarusian region and the government authorities and businessmen of Egypt’s South Sinai...

Belarus may start selling beef to China in Q1 2017
Leonid Zayats described the Chinese market as promising for Belarusian processing companies. As many as 34 dairy companies have been certified to sell their merchandise to China and another six are willing to go through the procedure...

Belarus ready to host IAEA’s SEED mission in January
“Following recommendations from the Espoo Convention Implementation Committee, Belarus will host an IAEA’s SEED mission that will evaluate the construction site of the Belarusian nuclear power plant in January 2017,” Belarusian Energy Minister Vladimir Potupchik said...

Reactor vessel for Belarusian nuclear power plant delivered to Ostrovets
A VVER-1200 reactor pressure vessel weighs over 330 tonnes. It is 12 meters high, with 4.5 meters in diameter. The reactor is a vertical cylinder with an elliptical bottom. This piece of equipment was made by the Volgodonsk-based enterprise Atommash of the Russian company AEM Technologies...