Business news

Minsk, Islamabad to ink 2017-2020 cooperation plan
The sides discussed prospects of signing the plan on trade, economic, scientific, technical, and humanitarian cooperation between Minsk and Islamabad for the period till 2020...

Belarus, Ecuador explore prospects for setting up joint ventures
“During the meeting the parties discussed the development of bilateral cooperation in trade, investment, and manufacturing, and the prospects for setting up Belarus-Ecuador joint ventures to assemble Belarusian vehicles, to process agricultural products, fish, and sea food”...

Surikov: Belarus, Russia to sign document on regulation of oil, gas issues within days
"In any case, a corresponding document to settle these disagreements will be signed within days. We will restore balance and then resume oil supplies to Belarus in accordance with the initial agreements,” Alexander Surikov remarked...

Hope for Belarus-Russia trade growth in 2017
“The economic situation in the Russian Federation starts turning for the better, the market is gradually opening. Being an export-oriented country, Belarus has been increasing exports. We believe that the bilateral trade will be gaining momentum in 2017,” Alexander Surikov said...

Construction of Belarusian nuclear power plant stays on schedule
According to the Deputy Energy Minister, all the operations to build the Belarusian nuclear power plant precisely follow the relevant flow chart...

Trade named major area of work for Belarus and Malaysia
According to the Premier, Belarus is among the world’s leading producers of equipment, the country with its own unique experience and technologies. “We are ready to supply Malaysia with the whole range of our engineering products. The deliveries of potash fertilizers are another promising area of cooperation. We are ready to meet Malaysia’s needs in full, including on long-term mutually beneficial contracts"...

Advancement of Belarus-UAE relations in military affairs discussed
The Belarusian Defense Minister and the Ambassador Extraordinary and Plenipotentiary of the United Arab Emirates to Belarus met on 19 December within the framework of the efforts aimed at advancing comprehensive cooperation with the Middle East countries...

Belarus PM says new alliance with Uralkali ‘possible’
“A new tie-up is possible, but Belarus would approach any potential deal very carefully. It was not our fault that our partnership broke up. We were left on our own in 2013. We found the way out. The company operates well today. Both the potash manufacturer and the Belarusian Potash Company have found their place in the market and function independently,” Andrei Kobyakov said...

Kobyakov on oil import sources: Belarus is considering all options
“We are working on the diversification of supplies, and it is natural for a country that does not have its own sources of oil to meet its needs,” the head of government said...

EXIAR office in Belarus considering backing 21 projects worth over $670m
Power engineering, infrastructure projects, and the manufacturing of high-tech products were mentioned among priorities of EXIAR’s work in Belarus. “EXIAR now has over 40 new clients thanks to our work in Belarus. We are now considering 21 projects worth a total of over $670 million,” noted Viktor Doronkevich...

Belenergo, Russian Export Center ink $300m cooperation agreement
The cooperation agreement is purely a practical document. It is designed to advance interaction between Belarusian power engineering companies and Russian manufacturers of power engineering equipment to a brand new level with active support of the Russian Export Center...

Belarus, Pakistan considering establishing air service
Ambassador Extraordinary and Plenipotentiary of Belarus to Pakistan Andrei Ermolovich met with Federal Secretary for Aviation of the Government of Pakistan Muhammad Irfan Elahi...

Belarus, UAE plan to develop cooperation in energy saving, biotechnology
In accordance with the document, the sides plan to cooperate in a number of promising fields, including information and telecom technologies, rational environmental management, transport and space systems, energy efficiency, biotechnology, high-tech medicine, distant Earth sensing...

Nuclear power plant to help Belarus fulfill Paris Climate Agreement
“Belarus joined the Paris Climate Agreement and undertook to reduce greenhouse gas emissions by over 28% by 2030 in comparison with 1990. This is why the development of a low-carbon power engineering industry is becoming a high priority task for the Belarusian economy. There is no doubt that the commissioning of the nuclear power plant will allow accomplishing a number of goals,” said Vasily Kovalenko...

Belarus’ dairy exports to China estimated to reach $7m in 2016
“Four meat-packing plants have been certified. Hopefully, we will be awarded the right to supply beef to the Chinese market before the end of the year. Next in line are our poultry farms. We hope to get them certified in the first quarter of 2017,” Leonid Zayats said...

Belarus-Azerbaijan cooperation roadmap drafted
Vladimir Semashko said that as a result of the recent talks in Baku the presidents of Belarus and Azerbaijan gave a number of specific instructions, including the instruction to prepare a draft roadmap to guide the development of bilateral relations. The roadmap is expected to include all the instructions the presidents have given, specific accomplishments of ministries, companies, and individual businessmen...

UAE businessmen praise quality of Belarusian products
"Our market is open to Belarusian products. Moreover, the United Arab Emirates can become the door to other markets. We are ready to help promote Belarusian products"...

Twelve BelAZ trucks handed over to Indonesian company
Director General of the Belarusian automobile engineering company BelAZ Piotr Parkhomchik and Ambassador of Belarus to Indonesia Vladimir Lopato-Zagorsky took part in the truck handover ceremony...

Belarus, U.A.E. mull over joint ventures in mechanical engineering
“The matter is about joint ventures in the United Arab Emirates, which will manufacture products not only for the U.A.E. and the Gulf countries but also Northern Africa, South-East Asia This is a great one subregion, where we can create joint production facilities and promote joint products to the markets where they are in demand”...

Lukashenko promises radical steps to streamline business inspections
In particular, the head of state deemed it necessary to continue red tape reduction, ease pressure on the manufacturing sector and business. “We will make very serious decisions in the near future. I have agreed with the Belarus President Administration (senior officials will be appointed in the near future) that we will revise such issues as cutting red tape and excessive inspections at the local level,” the Belarusian leader said...