Business news

Belorusneft increases oil production in Western Siberia in 2014
In 2014 the company increased oil production by 16,000 tonnes (or by 13.5%) compared to 2013. Belorusneft acquired Russian OAO Oil Company Yangpur via an auction in September 2013...

Belarus, NEFCO sign framework agreement
The document was signed by Belarusian Economy Minister Vladimir Zinovsky and Managing Director of NEFCO Magnus Rystedt...

Belarus, Russia to set up venture capital fund in 2015
The joint venture capital fund is designed to provide developers and inventors with the necessary financing to implement their projects...

MTZ tractor exports to Egypt up 2.3 times in 2014
Egypt is the biggest market for MTZ on the African continent. The MTZ commodity distribution network in Africa comprises four assembly plants and 15 dealers...

India ready to invest in Belarus’ pharmaceutical industry
India invites Belarusian companies to come to the Indian market and invest in various economic sectors...

Belarus, Moldova to intensify cooperation in agriculture
The meeting in the Moldavian agrarian ministry was attended by representatives of the embassy, Belneftekhim Concern, BelOil Company and others...

Lukashenko: Science-intensive industries should be the locomotive of Belarusian economy
It took a few years to create the software industry in Belarus which is as good as in the leading countries of Europe and Asia...

Belarus’ GDP up 1.6% in 2014
The labor productivity of the gross domestic product (excluding micro-companies and small companies without departmental affiliation) reached Br158.5 million, up 3.1% as against a year earlier...

Belavia increases number of flights between Minsk, Moscow
“Starting from 20 January Belavia switches to a six-time flight to Moscow’s Domodedovo Airport on a dairy basis"...

Belarus to expand supplies of oil products, fertilizers to Moldova
A Belarusian delegation led by Chairman of Belneftekhim Concern Vitaly Pavlov is in Moldova on a working visit on 19-21 January...

Bobruisk Plant of Tractor Parts and Units to increase export in 2015
The plant is working on such promising markets as Serbia, the Netherlands, Sri Lanka, continues to work with Venezuela, and is busy negotiating contracts with the Kingdom of Cambodia and partners in other countries...

BCCI Minsk Office to tap new markets in 2015
“Our program for 2015 includes visits to Sri Lanka, Bangladesh, India, Azerbaijan, Georgia, Armenia, and Russia’s Tatarstan”...

Moldova eager to boost export of wine, fruit and vegetables to Belarus
The Belarusian market was the second largest importer of fruit and vegetables for Moldova before the introduction of the Russian embargo on the delivery of Moldovan fruit and vegetables...

Lukashenko wants a level playing field for public, private companies
“I would like to emphasize that all private and state-run companies located on the territory of our country and abroad are equal here. The Belarusian authorities should have equal requirements for them,” the President said...

Belarus’ woodworking industry to debut at international expo in Istanbul
“The 9th International Wooden, Steel, Automatic, Industrial Door & Door Hardware Fair opened at Istanbul Expo Center on 15 January”...

Belarusian Railways gets €160,000 from EU to improve Vilnius-Minsk route
The EU provided technical support as part of the project to improve passenger express communication between Vilnius and Minsk of the Lithuania-Latvia-Belarus cross-border cooperation program for 2007-2013 of the European Neighborhood and Partnership Instrument...

World Bank forecasts 1.8% growth in Belarus’ GDP in 2015
Thus, the World Bank confirmed Belarus’ economic development forecast for 2015 announced in November 2014...

Belarus plans to import 2.8bn kWh of Russian electricity in 2015
“This accounts for around 7% of Belarus' planned electricity consumption,” Zhanna Zenkevich noted and added that the consumption of electric power in 2015 is projected at 38.5 billion kWh...

Permanent exhibition of Belarus’ goods to be set up in Omsk
“During the first stage of the project, some 50 Belarusian enterprises will present their textile, industrial, and footwear products in Omsk"...

Development Bank of Belarus allocates Br650bn for SMEs investment projects
The funds were allocated to the companies doing business in the most important for the national economy areas, such as forest procurement, transport, construction, production of rubber and plastic products, metal ware...