Business news

12 Jan 2017

Sberbank to invest over $100m in real estate in Belarus
“We will finish the restructuring of the debt in Q1 2017, and the bank will embark on the program of modernization and improvement,” Sberbank Chairman of the Board German Gref told reporters after the meeting with Belarus President Alexander Lukashenko...

12 Jan 2017

Increased resilience of Belarus’ monetary system to external shocks praised
“The shock has almost been overcome. The policy of the National Bank of Belarus envisaging a transition to the floating exchange rate of the Belarusian ruble should prevent recurrence of the shock, even if unforeseen circumstances arise,” Sberbank President, Chairman of the Board German Gref said...

12 Jan 2017

Progress in building aircraft repair factory, second runway in Minsk airport examined
The construction of the new aircraft repair factory will be finished in 2017. At present casual observers may see one strategic installation at the construction site — a hangar where 80% of the current factory’s production assets will be located. Once the hangar is operational, the entire manufacturing process can be relocated to the new premises. The contract with the general contractor OAO Grodnopromstroy provides for commissioning the hangar in May 2017...

12 Jan 2017

Plans to build three pharmaceutical plants in Belarus with participation of India
“Our country maintains active political contacts with India. We have many good investment projects, develop scientific and technical cooperation. Bearing in mind that India has a strong presence on the pharmaceutical the market, we reached an agreement with Indian partners to build, within the next 2 to 3 years, at least 3 pharmaceutical plants, with the participation of Indian capital”...

12 Jan 2017

Next round of Belarusian-Lithuanian talks on nuclear power plant construction scheduled for Q1 2017
“Two negotiation processes are in progress between Belarus and Lithuania. One of them is focused on problems relating to the construction of the nuclear power plant. Two rounds of negotiations have been held already. The third round is scheduled for Q1 2017,” said the Belarusian First Deputy Natural Resources and Environmental Protection Minister...

11 Jan 2017

TIBO 2017 expected to focus on promising technologies for Belarus
"These include additive technologies, 3D printing, big data processing technologies, and the Internet of things. Electronic government that we are actively promoting is also on the list,” Belarusian Deputy Prime Minister Anatoly Kalinin Anatoly Kalinin noted...

11 Jan 2017

New resident company registered in China-Belarus industrial park Great Stone
The new resident company is SAS Industrial. It has been established by the Zhejiang manufacturing and trade company Yongkang Hongfu. The Chinese company intends to implement an investment project to start manufacturing heat radiators made of cast aluminum, steel, and aluminum in the China-Belarus industrial park Great Stone...

11 Jan 2017

Tractors Belarus shipped to Russia’s Sakhalin as part of Far East Hectare program
In June 2016 the agreement to deliver 50 small-scale tractors Belarus as part of the Far East Hectare program was signed during the visit of the Sakhalin Oblast delegation led by Governor Oleg Kozhemyako to the international trade show BelAgro 2016. The agreement is in force...

11 Jan 2017

Belarus PM: Flax industry may contribute significantly to economic growth
According to Andrei Kobyakov, Belarus has always been one of the world’s top flax fiber producers. Favorable climate for flax cultivation can be seen as an objective competitive advantage for the country. In his words, using the potential of the flax industry can make a substantive contribution to the country’s economic performance thanks to the increasing demand for flax products on the foreign market...

11 Jan 2017

Belarus - Hong Kong draft agreement on avoidance of double taxation approved
Belarus President Alexander Lukashenko has approved a draft agreement between the government of Belarus and the government of the Hong Kong Special Administrative Region of the People’s Republic of China on the avoidance of double taxation and prevention of income and capital tax evasion as a basis for further talks...

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