Business news

Belarus, Spain agree on business forum in Madrid
The parties discussed the issues of bilateral relations, and also the interaction between Belarus and the European Union. Particular attention was paid to the development of bilateral trade and economic cooperation...

Minsk in top ten in Financial Times ranking
The experts ranked the Belarusian capital second in the Cost Effectiveness category and tenth in the FDI Strategy category...

Precise geolocation coverage for entire Belarus this year
According to the source, the implementation of a major program is about to end. As many as 99 continuously operating reference stations (CORS) are supposed to be deployed. As many as 17 stations were bought last year. Now the grid comprises 90 stations...

Construction of Great Stone Industrial Park proceeds on schedule
"In 2015, major efforts were made to create the engineering and transport infrastructure which was being built in terms of concurrent design,” noted Kirill Koroteyev...

Belarus ranks 3rd among world’s largest butter exporters in 2015
In 2015 Belarus gained a strong footing on the world market of dairy products, showing progress in all main positions (the export of butter – 28%, cheese – 10%, skimmed milk powder – 3%). In the export of butter Belarus moved the United States from the 3rd place in the list of world exporters...

FEZ Brest companies expand into Asia, Africa, South America
The companies of the FEZ Brest sold to 65 countries, including six new markets last year. The first batches of goods produced in the FEZ Brest went to Iran, Mongolia, Uruguay, Guinea, Japan, Trinidad and Tobago...

Foreign investment in Belarus economy at $11.3bn in 2015
The primary investors were economic operators of Russia (43.2% of the total investment), the United Kingdom (20.6%), Netherlands (10.8%), Cyprus (7.1%), Austria (3.1%), and China (3%)...

Belarus’ export opportunities presented in Moscow for European countries
The expo featured Belarus’ major brands: BelavtoMAZ, MTZ, Amkodor, Belshina, Mogilevkhimvolokno, Pinskdrev, Svetlogorsk Khimvolokno and others...

Belarusian Gomselmash, Chinese Yun Yin negotiating joint venture
According to the source, Yun Yin Company is supposed to provide technical specifications of the machines the Belarusian and Chinese companies could make together in the China-Belarus industrial park Great Stone where favorable conditions for the project are available...

Over RUB182m to be earmarked for Belarus-Russia program to study human DNA in 2016
The implementation of the Union State program will help improve the quality and span of life thanks to disease forecasting. According to the participants of the program, the number of unsolved crimes will be reduced...

Great prospects for Belarus-Korea IT cooperation
A Belarusian-Korean information access center has been opened in the Hi-Tech Park. Negotiations are underway to set up a Belarusian-Korean center for cooperation in the sphere of information technologies...

Export to Georgia fueled by Brest-Batumi twin city relations
The increase in export is attributed to the fact that in April 2015 Brest and Batumi signed a memorandum on twin city relations. This is why export to Georgia rose by $300,000 to $1.2 million...

Georgian regions interested in trade and economic cooperation with Brest Oblast
Priorities for regional cooperation are construction, agriculture, logistics, tourism, health and wellness tourism...

Belarusian tactical UAVs, GPS misinformer on display in Abu Dhabi
The Belarusian booth will feature breadboard models and full-scale specimens of aircraft-type small-range unmanned aerial vehicles Berkut 2 and small-range UAVs Berkut 1 and Busel M...

Stadler to hand over two Intercity trains to Belarusian Railways in spring 2016
“Our cooperation with the Belarusian Railways may be defined as perfect. Our 16 trains Flirt operate in Belarus. Besides, two prototype seven-car trains Intercity will be handed over for the use on the Belarusian railway in spring 2016"...

Belneftekhim’s industrial output 25% up in 2011-2015
The main results achieved by the five-year program include a 25% increase in the industrial output coupled with an optimal level of stock in storage, balanced growth of labor productivity and salaries...

Stadler plans to invest €4-5m in Fanipol plant in 2016
“This year we plan to invest €4-5 million in the plant in Fanipol. The funds will be used to buy equipment for mechanical processing of aluminium shapes. Besides, specialists will be trained to work with the equipment,” noted Peter Spuhler...

Minsk to host Atomexpo Belarus 19 to 21 April
The business program includes a conference on the development of nuclear power engineering with a plenary meeting, sections, and roundtables,,,

Belarus, Israel simplify procedure to attract Israeli credit lines for joint projects
"Now they can be implemented under the guarantees of the Belarusian banks without a need for additional governmental guarantees,” stressed the head of the Belarusian diplomatic mission...

Belarus, UK to intensify investment cooperation
“Simon Gass said that the UK is interested in developing bilateral trade and economic cooperation with Belarus and also emphasized the interest of British investment funds in diversifying their investment portfolios”...