Business news

Plans for Belarus-Serbia R&D projects contest unveiled
Applications for taking part in the contest are accepted from 28 December 2015 through 29 January 2016. The applications are supposed to cover priority avenues of Belarusian-Serbian cooperation...

World Bank may increase its investment portfolio in Belarus
Relevant arrangements were discussed during a meeting between Belarus’ Deputy Prime Minister Anatoly Kalinin and World Bank Country Manager for Belarus Young Chul Kim...

Belarus tractors now used by utility providers in Kiev
Kiev Mayor Vitaly Klichko personally examined the 30 tractors, which are meant to clean sidewalks and backyards during the autumn-winter period...

Seven companies become start-up residents of Belarus’ Hi-Tech Park
The selected start-ups will have a chance to rent space at the business incubator of Belarus’ Hi-Tech Park on special terms for several years. Each company will get a personal mentor and also expert support and advice from successful businessmen...

Public finance management system to be reformed in Belarus
The strategy has been developed on the basis of the evaluation of the efficiency of the public finance management mechanisms conducted by the World Bank in compliance with the international PEFA standards...

Reactor vessel delivered to Belarusian nuclear power plant construction site
The reactor vessel was made by the Volgodonsk-based branch Atommash of the Russian company AEM Technologies. This piece of equipment weighs over 330 tonnes. It is 13 meters high, with the diameter as large as 4.5 meters...

Belarusian cement mills, Eurocement Group sign cooperation agreement for 2016
Eurocement Group President Mikhail Skorokhod said he was glad to continue the closest kind of cooperation with Belarusian manufacturers. “Belarusian cement manufacturers have been and remain our strategic partner,” he summed up...

Belarusian Railways gets first Stadler seven-car electric train
A total of two seven-car electric trains are supposed to be delivered in line with the contract signed by Belarusian Railways and Stadler Bussnang AG. The second one is expected to arrive in February 2016...

Chain of Amkodor service centers to be developed in Bangladesh
"Belarus and Bangladesh have been steadily developing political, trade and economic relations. The parties are currently signing an agreement on the supply of nearly 700 Amkodor vehicles worth of $50 million"...

Belarusian Railways to help work out logistics schemes for Great Stone Industrial Park
The relevant trilateral memorandum was signed by representatives of Belarusian Railways, the park administration, and the park development company on 22 December...

АКА Ausfuhrkredit-Gesellschaft welcomes growing cooperaiton with Belarus
All in all, Belarusbank and AKA Consortium have concluded the agreements on tied long-term financing to the tune of approximately €366 million (the first transaction was made in 2000)...

Belarus, Russia, Kazakhstan work out provisional scheme to control transit via Ukraine
“We have worked out a provisional scheme that will allow fully controlling merchandise flows from Ukraine via Belarus or the Russian Federation to Kazakhstan. The cargoes will be convoyed. It will be totally impossible to somehow consume Ukrainian goods in the Russian Federation under the guise of transit”...

Italian car manufacturers eye Belarus while aiming for EEU market
Italy is Belarus’ partner in the European Union. The countries cooperate in a number of fields...

MTZ to supply Stage IV tractors to Europe from Q2 2016
“The environmental requirements for tractors in Europe will get tougher as of 1 January 2016. The Stage IV standard will be introduced. MTZ is working on the design of new tractor models equipped with Perkins engines that fully meet the new requirements"...

MTZ boosts exports to Mongolia, Afghanistan
“This year, our export to the countries of the Middle East and Southeast Asia has reached 3,300 vehicles to the tune of $34.6 million. Our exports to Afghanistan, Vietnam and Mongolia have increased by 41.7%, 7.2% and 78.8% respectively. Besides, we have resumed supplies to the market of Iraq”...

MTZ plans to start tractor exports to South Sudan in early 2016
"The exports to the countries of Africa in 2015 will make up 980 units worth of $15.6 million. Egypt is the biggest market in the region. In 2015 MTZ opened its trading house there"...

Measures to protect EEU market after Ukraine-EU free trade agreement in effect
If a European Union product is imported into Ukraine with zero customs duties, then it can be sold across the entire Commonwealth of Independent States due to the relevant free trade agreement unless this market is protected...

Belarus, Poland sum up this year’s cooperation results
Plans concerning key bilateral events to be held in 2016 were discussed, including a session of the intergovernmental commission...

Belarus introduces key performance indicators
"A system of key performance indicators in Belarus’ social and economic development in 2016 will be established for the government and the National Bank,” the ministry noted...

Reactor vessel for second power-generating unit of Belarusian nuclear power plant half-ready
The reactor is a vertical cylinder with an elliptical bottom. The reactor core and the internal components will be located inside...