Business news

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”...

Belarus president promises equal terms to retailers
“Make the terms equal for state-owned retailers and private ones as well as foreign and domestic ones,” demanded the head of state as he heard out a report from Trade Minister Vladimir Koltovich...

Over 70 Belarusian manufacturers take part in Prodexpo food expo in Moscow
The Belarusian food industry is represented by meat and dairy, bakery, confectionery and alcoholic beverage industries. The list of participants include Spartak confectionary, Babushkina Krynka dairy, Glubokoye Milk-Canning Plant...

Belarus to import cost-effective electricity from Ukraine
According to the source, Belarus may import electricity from Ukraine if there is a shortage and if import is economically advisable for Belenergo and DTEK Energo. Electricity is imported to Belarus in accordance with Belarusian laws...

Belarus plans to buy Sukhoi Su-30 fighter aircraft by year-end 2020
With time, the outdated aircraft, for example the Mikoyan MiG-29 jet fighters, will be replaced and the Belarusian pilots will start using new aircraft...

Makei: Belarus' draft export promotion program focuses on specific sectors, regions
The draft program has been posted on the website of the Belarusian Ministry of Foreign Affairs for public discussion. The ministry expects to consider all the proposals and prepare a comprehensive and effective document that would help boost the Belarusian economy...

Belarus aims for $1.5bn export to China
In the new five-year period Belarus will try to preserve and find additional niches on traditional markets in addition to finding new ones on promising markets...

Belarus to increase its market presence in distant arc countries
The relevant information is contained in the draft national export support and promotion program for 2016-2020 (Export of Belarus) posted on the website of the Belarusian Ministry of Foreign Affairs for public discussion...

Belarus, Qatar to sign economic cooperation documents in April
“The parties considered a number of proposals regarding the third meeting of Belarus-Qatar Joint Intergovernmental Committee on Economic, Trade and Technical Cooperation scheduled for 25-26 April 2016"...

Two foreign enterprises to create over 1,000 jobs in Gomel
According to the source, the two enterprises are Delcom40 (production of furniture and components) and Hydrosila BELAR (production of hydraulic systems). They have injected about $6 million in foreign investments into the city economy...

Third Belarus-Russia Forum of Regions to focus on inter-industry cooperation
The forum will be divided into eight sections to discuss education, labor relations, humanitarian cooperation, science and other topics. Guests are also expected to visit the Belagro 2016 expo...

WB to allocate over $20m for construction of boiler houses in Brest Oblast
Brest Oblast continues to convert the heating system to operate on local fuels. In 2015 local fuels accounted for 33.4% of the total fuel consumption mix in the region...

Belarus’ brewing industry reports strong results in 2015
“Besides, we reached the goals on production volumes and domestic sales of import-substituting types of beer,” said Alexander Zabello. Today the country produces 47 types of beer as part of the import-substituting program...

United Transport and Logistics Company performance praised
President of the Russian Railways Oleg Belozerov and head of the Belarusian Railways Vladimir Morozov praised the first results of the United Transport and Logistics Company at a meeting in Moscow on 4 February...

Belarus, Moldova to step up mutual trade with help of joint companies
"The economies of Belarus and Moldova are mutually complementary. Belarus produces mainly industrial and technical goods at a time when Moldova supplies agricultural products"...

Malorita tinned food factory to export more to Kazakhstan, China
The Malorita-made canned foods are bought in Russia, the Baltic states, Poland, and Italy. In 2015 the company exported nearly $1.5 million worth of merchandise. This year export is supposed to reach $1.7 million...

Latvia, Lithuania eager to buy radioisotopes for cancer diagnosis from Belarus
"In the future the Belarusian cyclotron will be able to produce 8 kinds of isotopes. The equipment in Belarus is unique, last generation. The quality of the isotopes is even better than in Poland or Germany"...

New holding company to export Belarusian civil engineering services
“A couple of days ago we registered a holding company that comprises 18 enterprises with the total number of workers close to 35,000,” said the Architecture and Construction Minister Anatoly Cherny...

Plans to hold Belarusian-European investment forum in Austria, with EC support
The matter will be discussed at the consultations held in the Belarusian Ministry of Foreign Affairs with a delegation of the European Commission led by special adviser at Directorate General of Trade Peter Balas. The visit is underway on 3-5 February...

Belarus, Turkey plan to set up furniture-making cluster
“The idea is to set up a furniture industry cluster in Belarus by attracting large businesses eager to make long-term investments and develop operations on the territory of an EEU member state. The Belarusian furniture industry has great development potential”...