Business news

Belarusian MAZ ships 100 buses to Russian Kaliningrad
The sum of the contract exceeds RUB1.5 billion. The model MAZ 203085 buses were handed over to the Kaliningrad enterprise in accordance with the signed contracts before 25 July...

Belarus counts on WB’s assistance in attracting investors
"Belarus has created favorable conditions for investors. The country runs six free economic zones, is building the Chinese -Belarusian Industrial Park Great Stone with different privileges and preferences,” Vladimir Semashko noted...

Belarus, World Bank decide on ways to implement cooperation agreements
The relevant arrangements were made during the meeting of Deputy Prime Minister Anatoly Kalinin and World Bank Country Manager for Belarus Young Chul Kim...

Japan interested in Belarusian earthquake prediction software
A Japanese delegation led by Masako Mori, a member of the upper chamber of the Japanese parliament, visited the Hi-Tech Park. During the visit OOO BelHard Development (a resident company in the Park) presented its earthquake forecasting product...

Belarus interested in long-term ties with major Japanese corporations
"Belarus represents an excellent platform for setting up and developing joint ventures to make high-quality competitive products on the basis of Japanese technologies"...

Antimonopoly agencies of Belarus, Russia set to sign memorandum of cooperation
A relevant agreement was reached during a meeting between Belarusian Trade Minister Vladimir Koltovich and FAS Head Igor Artemyev...

Belarus tractors to be exported to Guatemala
“The export of tractors to Guatemala has become a new intermediate result of the efforts of the specialists of Bobruisk Plant of Tractor Parts and Units to branch out into and gain a foothold on the markets of Central America"...

Unprecedented project: Belarus, China set up investment fund
"It fully complies with the agreements between our heads of state reached in May 2015 on the development of investment cooperation with a focus on direct investments. The establishment of the fund is one of the crucial steps in starting a new era in the development of the Belarusian-Chinese strategic partnership,” Andrei Kobyakov noted...

Prime minister: Effective system to protect the domestic market in Belarus
“First of all, I refer to measures designed to suppress trade in counterfeited light industry products. Marketplace traders are forbidden to sell merchandise without certificates and accompanying documents”...

Russia’s Orel Oblast set to engage Belarusian specialists in its construction projects
Vadim Potomsky specified that plans have been made to build some 550,000 square meters of residential housing in Orel. “Belarusian companies are competitive on the Russian construction market”...

Skidel, Lazdijai to build sports facilities together
The project, with which the sides are planning to take part in the program of transboundary cooperation of Latvia, Lithuania, and Belarus sponsored by the European Union, was one of the main issues on the agenda of the meeting between the Lithuanian delegation and Grodno District authorities...

Belarusbank moves up in ranking of top banks in Central and Eastern Europe
It also emphasized that Belarusbank was ranked 545th in the world by Tier 1 capital with $1.4 billion as of 31 December 2015...

Number of business incubators to double in Belarus
Belarus intends to draw from Moldova’s experience, which was discussed during the recent informal dialogue of the economy ministers of the Eastern Partnership Initiative countries in Kiev...

SMEs to be featured at Belarus’ largest permanent exhibition abroad
“The expo will be opened soon, it will be the largest permanent exposition of Belarus abroad. Our manufacturers will occupy about 54,000 square meters on preferential terms. This is an excellent opportunity to make a statement not only on the Russian market"...

Belarusian laser technologies for ICRANet studies
The new academic center will allow Belarusian scientists and specialists to take part in ICRANet events, use ICRANet’s equipment and resources. Apart from that, Belarusian scientists will be able to demonstrate their accomplishments, first of all, laser systems and instruments...

Myasnikovich invites South Korea to set up joint venture to produce TV sets
“As for our trade and economic cooperation, I think that we could bolster ties in these areas. First of all, I would like to invite one of your companies to build a joint factory to manufacture TV sets and panels. Samsung or LG may be our partners,” Mikhail Myasnikovich said...

Fitch affirms three foreign-owned Belarusian banks at 'B-'/Stable
The three banks' IDRs and Support Ratings factor in the likelihood of support they may receive from their Russian shareholders. BPS is 98.4%-owned by Sberbank of Russia (BBB-/Negative), BelVEB 97.5%-owned by Vnesheconombank...

Lukashenko endorses DBRB’s development strategy for 2016-2020
“We are completing the drafting of a new strategy, so we had to discuss with the head of state the new functions of the Development Bank arising from its growing role in the Belarusian economy"...

Belarusian companies urged to advance cooperation with Chinese partners
Ambassador Kirill Rudy said about the preparation of amendments to the decree concerning the Chinese-Belarusian industrial park. According to the Ambassador, innovations will be used to raise the investment attractiveness of the Great Stone industrial park...

Main infrastructure in China-Belarus industrial park’s starting zone ahead of schedule
The Chinese side assured that the main operations to build infrastructure in the starting zone of the primary development area in the China-Belarus industrial park Great Stone will be completed ahead of schedule in September 2016, said the press service...