Business news

Belarus’ investment appeal as calm, stable country emphasized
“Stability and security in Belarus represent an important international factor in comparison with the situation in other countries of the world", Milutin Smiljkovic said...

Lukashenko: Terms of foreign loans have to comply with state interests
"We have never had overdue debts and have no intention of running into overdue credit payments or debts. This is why it is necessary to take advantage of the factor and get to work. It is necessary to work with Western banks and with Belarusian branches of Russian banks. But while we set out to borrow money, we have to bear in mind that economic security and the level of the gold and foreign exchange reserves must be prioritized above everything else"...

Dodon: Belarus and Moldova can increase bilateral trade to $400m
Moldova President-elect Igor Dodon said in a meeting with a Belarusian delegation headed by Deputy Prime Minister Mikhail Rusy on 23 December. The Belarusian delegation attended the Moldova President inauguration ceremony...

Belarus, Moldova to expand cooperation in making wines, tractors, trolleybuses
“Belarus is interested in continuing working together with Moldova in making wines, tractors, and trolleybuses. Belarus is also in favor of arranging sessions of the Belarusian-Moldovan commission on trade and economic cooperation twice a year for the sake of discussing and promptly implementing all the measures that can benefit citizens of both countries”...

More opportunities for Belarus-Ukraine joint industrial projects soon
“Belarus and Ukraine have great industrial potential. Therefore, cooperation between the two countries fully meets our national interests. As an example I can cite the cooperation in the agricultural sector"...

Pakistani pharmaceutical manufacturers show interest in joint ventures with Belarus
“The parties shared the information on the potential of Belarus and Pakistan in the pharmaceutical industry. They agreed to organize a visit for Pakistani pharmaceutical manufacturers to Minsk in 2017 in order to discuss possible setting up of joint companies”...

Peruvian farmers pleased with Belarusian MTZ tractors
MTZ tractors operate in Peru at altitudes as high as 5,100m above the sea level. Peruvian farmers from the high-mountain areas praise the quality and reliability of Belarusian vehicles. The farmers did not even have to adjust the fuel system to thin air in the area...

Belarus’ green economy plan of action approved
"The plan of action should result in a gradual transformation of the national economy based on the green economy principles, the implementation of the Sustainable Development Goals, and the harmonization of economic, environmental and social interests”...

4G cellular communication now available in oblast capitals of Belarus
MTS is the first Belarusian mobile carrier to offer 4G services in all the oblast capitals of Belarus. MTS subscribers can test the LTE technology for free till 31 January 2017...

BelAZ vehicles suggested to Malaysian private sector
Piotr Parkhomchik, Director General of the Belarusian automobile engineering company BelAZ, made the statement as Speaker of the House of Representatives of the Malaysian parliament Pandikar Amin Mulia visited the company...

Lukashenko urges to use local resources to build second runway in Minsk airport
One of the participants of the meeting of the road builders and contractors with the head of state said that Belarusian builders should be involved in the construction works at the airport. Alexander Lukashenko supported the idea and expressed confidence that Belarusian organizations will do a good job...

Belarus president wants plan to reconstruct secondary roads
The head of state said that a government conference will be arranged in the next few months to discuss ways to repair the secondary roads. “Every agrotown — and there are about 2,000 of them — has to be connected to the district capital. The roads from the district capitals to the oblast capitals are more or less okay although some of them need repairs, too,” said the President...

Belarus, Tajikistan eager to expand regional cooperation
The Ambassador met with Sughd Oblast Governor Abdurahmon Qodiri and Khujand Mayor Sharif Sharifzoda. During the meeting the sides discussed the state and prospects of trade, economic, and humanitarian cooperation between Belarus and Sughd Oblast at the regional level...

Belarus’ confectionery export to China reaches $500,000 in 2016
In 2016 the Belarusian confectionaries also started selling to Lebanon, Seychelles, North Korea, and Singapore. Belarus exports its confectionery to 24 countries. In 2016 the major importers of the Belarusian confectionery included Russia (accounting for 73.3% of the total exports), Ukraine (8.5%), and the United States (3.6%)...

Annual oil extraction in Belarus past 1.6m tonnes
According to the source, there are 82 discovered oil deposits in the country, including two oil-and-gas condensate deposits. All the discovered deposits are tied to the Pripyat Trough and can be found in Gomel Oblast and Mogilev Oblast...

Belarus to export 10m tonnes of potassium in 2017
According to the Deputy Prime Minister, the government discussed these matters on a recent day. “About 10 million tonnes of fertilizers will be sold. Prices are levelling up now and have even increased somewhat. Contracts have been signed. Demand is solid,” said Mikhail Rusy...

Plans to set up agroclub to encourage rural tourism development in Belarus
According to the source, plans have been made to set up an agroclub that will concentrate all the resources required to develop agroecotourism under one roof. The body will help consolidate efforts of travel agencies, insurance companies, and financial institutions...

Belarusian machines for working Malaysian rice fields
Members of the Malaysian delegation expressed interest in resuming the delivery of a wide range of MTZ agricultural machines to Malaysia. The guests spoke highly of the products on display machines and vehicles OAO Minsk Tractor Works makes...

Minsk Oblast eager to advance cooperation with Malaysian province
"Relations between nations are based on the development of relations between companies and regions. We are interested in advancing cooperation with the State of Sabah,” said Minsk Oblast Governor Semyon Shapiro...

Makei, Margvelashvili discuss Belarus-Georgia cooperation prospects
The parties also talked over the forthcoming interstate contacts, including at the highest level. Special attention was focused on the situation in the region...