Business news

11 Jan 2016

Belarus expects to start new program with IMF in January-February
He noted that an IMF mission visited Belarus not long ago. The concept of a new expanded financing program was prepared...

10 Jan 2016

WB forecasts GDP growth for Belarus in 2017
The report forecasts a 0.5% fall in GDP in 2016. In 2017 and 2018 it is projected to return to growth by 1% annually (the same growth rate was predicted by World Bank experts as they presented the economic review on Belarus in November 2015)...

9 Jan 2016

BelAZ plans to open service center in India in February
“OAO BelAZ signed a trilateral agreement with the companies Belaz Enrika Mining Equipment and Services Private Limited and Voltas Ltd. (India) on long-term maintenance of BelAZ vehicles and guarantees on supplies of the Belarusian mining equipment"...

6 Jan 2016

Belarus insists on zero exemptions in trade inside Eurasian Economic Union
"The Eurasian Economic Union Treaty came into force on 1 January 2015. Armenia and Kyrgyzstan joined the Union during the year. It was an honor for Belarus to be the first country to preside in governing bodies of the Eurasian Economic Union"...

6 Jan 2016

Bellesbumprom’s export of wood boards to non-CIS countries up 6.7 times in January-November 2015
Growth in the export of wood particle boards came mainly on the heels of the increase in the shipments to Poland ($3.6 million), Lithuania ($476,300) and Germany ($392,400). In addition, Belarusian manufacturers launched export of wood particle boards to the Czech Republic, Turkey, Hungary, Latvia and other countries...

5 Jan 2016

Belarusian Tehnolit to batch produce components for ship engines
Tehnolit will be able to make components for ship engines thanks to the company’s certification by the Russian River Register, which is a federal agency in charge of vessel classification. Now the Belarusian company will be able to fulfill serious orders from Russian shipbuilders and ship repairers as well as foreign ones...

4 Jan 2016

Bellesbumprom branches out into seven new sales markets in 2015
“In 2015, the sales geography of the Belarusian wood processing industry enterprises included such countries as Vietnam, Pakistan, Macedonia, Croatia, Ireland, Bosnia and Herzegovina, and Cote d’Ivioire”...

4 Jan 2016

Belarusian nuclear power plant’s education, training center opened in Ostrovets
According to the source, specialists, who will be employed to operate the control desk of the nuclear power plant in the future, started training sessions using the center’s full-scale simulator...

31 Dec 2015

Argentina to start making Belarusian trucks in late 2016
The factory is supposed to be built on a land plot as large as 10ha in the city of Veinticinco de Mayo, 250km away from Buenos Aires. The memorandum of cooperation in starting the assembly project was signed in September 2015. Minsk Automobile Plant (MAZ trademark) and Argentinian investors will work together as part of the project...

31 Dec 2015

Lukashenko signs law on budget for 2016
The key areas for development in 2016 will include the export growth and diversification, job creation, enhancement of the efficient use of state property...

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