Business news

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...

Call for Belarusian-Russian cooperation in import substitution
Alexander Olshansky, Director of the Eurasian Agency for International Cooperation said...

Belarus to commission mining and processing factory in Turkmenistan by 31 March 2017
The project was discussed as Ambassador Extraordinary and Plenipotentiary of Belarus to Turkmenistan Oleg Tabanyukhov met with Deputy Prime Minister of Turkmenistan, co-chairman of the Belarusian-Turkmen intergovernmental commission on economic cooperation Batyr Ereshov...

New strategy to guide Belarus’ central bank development in 2017-2020
For the first time the institutional development strategy lays down the mission, the vision, and the medium-term goal for the institutional development of the country’s central bank. The document also formulates tasks, strategic initiatives, ways and methods of achieving institutional development goals...

Belavia to launch Minsk-Brussels flight on 27 April
Flights will be performed three times a week departing from Minsk at 9.40 and landing at Brussels-Charleroi airport at 11.25 (local time) on Mondays, Thursdays and Saturdays. The launch of the new flight will help strengthen trade and economic relations and facilitate the exchange of official, cultural and sport delegations between Belarus and Belgium...

Belarus, China set out to create $20m venture investment fund
The operation of the venture investment fund will be focused on assisting the innovation-driven development of the China-Belarus industrial park Great Stone by offering venture funding to the innovative projects to be implemented inside the industrial park...

Chinese-Belarusian center for commercializing innovations opened in Minsk
Alexander Shumilin told media that the center will provide support for R&D and innovative projects. It will seek investors for the sake of setting up joint manufacturing enterprises in the China-Belarus industrial park Great Stone...

Belarus to start drilling deep water extraction wells in Egypt in 2017
“Money needs to be found for the sake of implementing the project. Apart from that, the project will require good equipment and machines. The geology R&D center will buy them. The project will involve a lot of work but we will do our best to start implementing the project as early as 2017,” said the Belarusian Natural Resources and Environmental Protection Minister...

China Telecom Group to build telecommunication node in China-Belarus industrial park Great Stone
A daughter enterprise China Telecom BLR with the charter capital of $1 million has been established. The money has already been invested. As much as $3-5 million is supposed to be invested next year. China Telecom Group is in the world top 500 companies and the world top 10 providers of telecommunication services...

State property committees of Belarus, China to share experience
“By joint efforts we will contribute to the enhancement of trade and economic cooperation between enterprises and the improvement of investment management,” the head of the State Property Committee said...

Egypt interested in Belarus’ radiation monitoring practices
"Egypt would like to study Belarus’ experience in monitoring radiation in the area near a nuclear power plant. We discussed the matter during the visit of Egypt’s Minister of Water Resources and Irrigation Mohamed Abdel Aty to Minsk. Belarus is building a nuclear power plant. We also have installed an effective monitoring system in the Chernobyl-affected regions. So we said that our specialists can help with the organization of radiation monitoring,” Andrei Kovkhuto noted...

Belarus’ Entrepreneurship Development Council told to improve performance
“The President focused on this issue and stressed that the issues like the one on the today’s agenda or those pertaining to the regulations in various fields which have been recently discussed should be addressed by this council. There was an instruction to analyze and improve the performance of the council,” Natalya Eismont said...

Reactor vessel to undergo technical evaluation at Belarusian nuclear power plant construction site
Once the cargo is delivered to the construction site of the Belarusian nuclear power plant, it will be submitted to thorough technical evaluation in accordance with existing norms and rules, noted the Atomstroyexport press service...