Business news

17 Nov 2016

BelAZ expanding into Turkish market
BelAZ jointly with Premar Service AG is participating in the project by Ciner Holding and will supply a consignment of haul trucks with the 220t payload capacity in 2017...

17 Nov 2016

Belarus president promises self-repaying hotel construction projects
Recoupment is also high on the list of priorities of potential investors. For instance, a hotel built by a Turkish investor opened in Ostrovets, Grodno Oblast on 16 November. The proximity to the nuclear power plant construction site and the high pace of development of Ostrovets District will allow recouping the investment rather fast, believes Alexander Lukashenko...

17 Nov 2016

Lukashenko: Russia is not interested in letting Belarusian companies extract oil in Russia
“Oil is abundant these days. Yes, the price can be higher, but we have several options in mind. We may deliver oil via Ukraine. We utilized the option in the past when Russia stopped selling oil to us. Back then we delivered Venezuelan oil via Ukraine"...

17 Nov 2016

Lukashenko: Ten million Russians have jobs thanks to cooperation with Belarus
Russian enterprises produce 50-60% of the parts used by the Belarusian plants. “Manufacturing industry, agriculture sector give jobs to at least 10 million Russians,” Alexander Lukashenko emphasized...

17 Nov 2016

Russia offered stake in major Belarusian companies in exchange for Bashneft shares
“You have interest in these companies; you want to buy them out. I have an interest in oil production. You supply us with 25 million tonnes which we process locally. We would like to pump some 7-8 million tonnes ourselves and deliver them to the country. When the privatization of Bashneft was announced, I sent a proposal to your government and leadership"...

17 Nov 2016

Lukashenko: No reason for Russia to fear Belarus’ presence in its information space
The head of state noted that Russian journalists are probably better professionals, but they have something to learn from their Belarusian colleagues in terms of integrity, content and value of materials. “We have never let ourselves infringe on Russia’s interests by showing some things and omitting others"...

17 Nov 2016

Lukashenko: The future belongs to advanced technologies
According to the head of state, Belarus applies advanced technologies in all spheres of life, is developing nuclear energy and space technologies. “They are applied in healthcare and education,” Alexander Lukashenko said...

17 Nov 2016

No plans for Belarusian human spaceflight mission yet
Alexander Lukashenko said: “We have not yet thought about launching a manned spacecraft of our own. We may reach this point at some point in the future. It cannot be done for image building only. The project needs to recoup some of the costs. I think building a spacecraft together with Russians or Europeans or Americans would not be a problem. Whether we need it or not is the question"...

17 Nov 2016

Lukashenko promises to sort out problems with delivery of farm equipment to Russia
Belarusian equipment is often sold via mediators in Belarus, the President remarked. “You are saying that many people sell this equipment, but not many people provide service maintenance,” he said. The head of state assured that he will sort out the problems with the delivery and maintenance of Belarusian agricultural equipment to Russia...

17 Nov 2016

Belarus president against splitting utilities industry for privatization
"It turned out that in the past people used to pay 30% of the cost of utilities and the state budget compensated for 70% of the costs. Right after these calculations were made, it turned out that people pay 52%. A nearly two-time increase. Can you imagine how private companies would be able to fiddle with these prices? Who controls them?” wondered the head of state...

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