Business news

Belarus, Moldova considering joint venture in food production
The relevant arrangements were discussed during the meeting of Belarusian Trade Minister Vladimir Koltovich and a Moldovan delegation led by Agriculture and Food Industry Minister Eduard Grama...

Stadler Minsk to execute order of Norwegian State Railways
“We showed initiative and moved certain orders for Western European states here. This is the order of Norwegian State Railways,” Peter Spuhler said...

Minsk to host international conference on oil and gas market prospects in September
The forum will analyze the main trends on the markets of energy resources, the prospects of the Belarusian oil and gas refining, oil product and liquefied gas trading. Technical and marketing novelties for fuel stations and oil industry will also be discussed...

China’s Gansu Province interested in developing economic ties with Belarus
“Gansu is a key hub of the One Belt and One Road initiative; therefore, our province is ready to enhance external ties with all countries along the new Silk Road. This project, according to the Chinese government should be open for all, it should be mutually beneficial and harmonious,” he added...

World Bank lends $250m to Belarus for Minsk-Grodno motorway reconstruction
“The World Bank worked on modernizing the M5 motorway earlier. Belarusian companies performed virtually 99% of the work,” noted Young Chul Kim. In his words, Belarusian companies can live up to the highest standards and requirements the World Bank specifies in its projects...

Lukashenko criticizes overspending in road maintenance
Alexander Lukashenko said that the works should be done and funds should be spent depending on the real situation. Probably, it makes sense to repair other roads first...

Belarus, China to set up center to develop innovative technologies
The sides intend to sign an agreement on establishing a Belarusian-Chinese center meant to develop innovative technologies for industrializing scientific and technical achievements in Minsk on 4-5 August as part of the Belarusian-Chinese forum on commercializing R&D results...

Belarus, Poland to hold Good Neighborliness forum in October
Belarus and Poland will hold the anniversary Good Neighborliness Economic Forum in October. The preparations for the forum were discussed by Ambassador of Belarus Alexander Averyanov and Polish Deputy Minister of Economic Development Radoslaw Domagalski-Labedzki...

Brazil shows interest in tourism cooperation with Belarus
Leonid Krupets held talks with the executives of Bellsmed Company to discuss establishing cooperation in the field of manufacturing of medical implants and prospects of delivering Belarusian fiberglass and polymers to Brazil...

Call for competitive 4G offers, smart home, Big Data technologies in Belarus
Close attention was paid to the need to improve the quality of mobile cellular communication services and to encourage competition on the market of services relying on the 4G (LTE) network...

Indonesia’s East Kalimantan province seeks to attract investment from Belarus
Representatives of the Belarusian Embassy in Indonesia took part in a business forum on the economic potential of East Kalimantan and the opportunities of the markets of Central and Eastern Europe at the invitation of the Indonesian Ministry of Foreign Affairs and the East Kalimantan Province Government...

Belarusian grain harvester successfully tested in Armenia
During the tests the Belarusian harvester demonstrated high effectiveness and reliability. Top officials and representatives of the Agriculture Ministry of Armenia and interested Armenian agricultural enterprises spoke in positive terms about the vehicle...

Prospects for delivery of Belarusian equipment to Latin American countries discussed in Venezuela
The parties discussed the current issues of the bilateral cooperation between Belarus and Venezuela in manufacturing industry, including the operation of the Belarusian-Venezuelan joint ventures that assemble tractors and trucks, and also the plant assembling road construction equipment from Belarusian kits...

Belarus, Colombia intend to bolster political and economic ties
The parties discussed the ways of intensifying bilateral cooperation in political, trade and economic areas and the development of the legal framework of the Belarusian-Colombian relations...

Belarusian-Chinese car maker BelGee encouraged to set up modern showrooms
“We have never had enterprises with this level of automation and robots. It is a new level for us. But I would like to underline once again: if you fail to constantly put efforts into quality and prices, you will fail to achieve results despite all the good intentions,” noted the Prime Minister...

Belarus’ Development Bank affirmed at 'B-/B'; Outlook Stable
On 25 July, S&P Global Ratings affirmed its 'B-/B' long- and short-term issuer credit ratings on JSC Development Bank of the Republic of Belarus (DBRB). The stable outlook on DBRB mirrors the agency’s outlook on the long-term sovereign credit rating on Belarus...

IAEA experts working in Belarus to prepare nuclear power plant construction site assessment mission
The IAEA experts are working for the sake of jointly evaluating preparations for the forthcoming IAEA mission that will evaluate the Site and External Events Design (SEED) in accordance with the request Belarus made previously...

BPC plans to export 1.3m tonnes of potassium to China by end of 2016
It was reported earlier that on 14 July Belarusian Potash Company reached an agreement with the consortium of Chinese buyers (Sinochem, CNAMPGC, CNOOC) on the establishment of a contract prize in the amount of $219 per tonne for the delivery of potassium to China...

Belarus, Zimbabwe to step up cooperation in trade, economic affairs
Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Igor Petrishenko met with Ambassador Extraordinary and Plenipotentiary of Zimbabwe to the Russian Federation with concurrent accreditation to Belarus Mike Nicholas Sango in Moscow...

Belarusian agricultural machinery showcased in Tajikistan
Oleg Ivanov met with Chairman of the Tajikistan Chamber of Commerce and Industry Sharif Said and Deputy Head of the Afghanistan Chamber of Commerce and Industry Khan Jan Alokozay. The parties discussed matters of cooperation between businessmen of the three countries...