Business news

Lukashenko names reasons for economic slowdown in Belarus in 2011-2015
In his words, there were new global and regional challenges in 2014 and 2015. The sanctions war between the European Union and Russia, and geopolitical instability near the Belarusian borders had a negative impact as well...

Lukashenko unveils Belarus’ export strategy
“First of all, we need to use all the advantages of integration projects on the post-Soviet space which had been initiated by an active participant of these projects – Belarus. These are the Union State, the Eurasian Economic Union, the Commonwealth of Independent States,” the head of state said...

Lukashenko wants information technology in every sector of Belarus economy
“We are closely approaching the world’s top 30 countries in the area. And this is only the beginning. We are setting an ambitious goal for 2016-2020, i.e. to become a leader in our region, Eastern Europe”...

Belarus will become more competitive after NPP launch, Lukashenko says
“I reiterate once again: the authorized international organizations (IAEA) do not have any complaints toward Belarus in part of compliance with all the standards and requirements,” Alexander Lukashenko noted...

Lukashenko: Innovations should become the essence of the Belarusian economy
“Thanks to investments the essence of the national economy should become innovative. There is a huge potential for restoring the economy’s competitive ability in that. This is why it is necessary to prioritize investments in innovations, in other words, in the creation of new science-intensive products, which will be competitive on the global market,” stressed Alexander Lukashenko...

Lukashenko: We need a cluster of energy-intensive enterprises around the nuclear power plant
The country’s energy industry will develop rapidly in the current five-year term. Both reactors of the Belarusian nuclear power plant will go online in 2018-2020. About 2,000 jobs will be created...

Belarus president calls for coordinated R&D strategy with EEU partners
The head of state stressed that the government and designated officials should put more efforts into resolving problems via charter bodies of the Eurasian Economic Union...

Belarus to implement over 80 investment projects in 2016-2020
“Efficient investment is the main source for the country’s GDP growth. In 2016-2020 we need to implement over 80 big investment projects to the total tune of more than $27 billion, attract at least $14 billion of foreign resources, including China’s credit lines and direct investment. This is our main investor”...

Foreign investment in Belarus’ economy up 2.5 times in 2010-2015
“The increased activity of foreign investors testifies to the world’s interest in the Belarusian economy. Over the last five years the volume of foreign investment in the economy has risen 2.5 times. We have attracted almost $11 billion in FDI,” the President stressed...

Lukashenko: The five-year program is a program for development, not stagnation
“We perfectly understand that problems do not get solved by themselves, and crisis phenomena will not disappear with a wave of a wand. This is why the principles of progress and openness have been laid as the basis of the program. We place our stakes on knowledge and technology. This is the key to solving the current problems and for moving forward,” the head of state stressed...

Belarusian-Chinese agricultural microbiology center opened in Harbin
During the opening ceremony Emilia Kolomiyets, Director General of the Belarusian state R&D group Chemical Synthesis and Biotechnologies, Director of the Microbiology Institute of the National Academy of Sciences of Belarus, and Professor Zhang Jie-chi, Director of the Microbiology Institute of the Academy of Sciences of Heilongjiang Province, signed a cooperation agreement...

Belarus, Russia, Kazakhstan discuss development of transport corridor to China
Among other things the conference focused on building a motorway section as part of the transcontinental transport corridor that will connect China and Western Europe via Kazakhstan, Russia, and Belarus...

Belarus, Iran reaffirm interest in bilateral cooperation
During the meeting the parties discussed issues related to bilateral relations and confirmed their interest in the promotion of mutually beneficial Belarusian-Iranian cooperation...

European scientists to step up cooperation with Belarus’ Academy of Sciences in human sciences
"We intend to advance and deepen cooperation. Today we focus primarily on natural sciences. It is an important area in learning more about the outside world. We hope that scientists of Belarus will make their own tangible contribution", Gunter Stock said...

Belarus’ Development Bank, Afreximbank to enable export to 41 African countries
On 20 June the Development Bank of the Republic of Belarus signed a memorandum of understanding with the African Export-Import Bank...

Belarusian-Lithuanian consultations on BelNPP project to take place in Vilnius on 21-22 June
Belarusian and Lithuanian experts are supposed to meet in Vilnius on 21-22 June 2016 for the sake of bilateral consultations that will focus on the Belarusian nuclear power plant construction project...

Geely Holding Group ready for more projects in Belarus
Ash Sutcliffe, manager of the corporation’s headquarters in Hangzhou said...

Lukashenko: Bringing Spartak, Kommunarka under state control was a good decision
“I do not absolutely regret the decisions I had made to retake these enterprises under state control,” the President assured. The interests of the state were a priority for him. “These enterprises should belong to the state. If they do not belong to the state, they should be fully controlled by the state, should be operated by the state,” he said...

Belarus, Russia’s Leningrad Oblast drafting cooperation program for 2016-2018
The parties discussed matters related to the drafting of the program for trade, economic and humanitarian cooperation between the governments of Belarus and Russia’s Leningrad Oblast for 2016-2018...

Belarusbank, China Development Bank sign $1.4bn credit agreement
The credit agreement stipulates the procedure for financing the project for building the mining and processing factory Slavkaliy using raw materials of the Nezhinskoye section of the Starobinskoye potash salt deposit in Lyuban District, Minsk Oblast...