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Belarus' export and foreign economic relations

21.08.2015

Belarus alarmed by counterfeit alcohol flooding domestic market
Belarus alarmed by counterfeit alcohol flooding domestic market The illegal trafficking of alcohol, increased imports and reduction in domestic production were central topics of the August 20 meeting hosted by the Belarus President. He criticized the hesitancy of the government in taking measures to protect the domestic market from low-quality products.

17.08.2015

Andrei Kobyakov, Belarus Prime Minister
Belarus to draft 2016 budget considering tough foreign economic conditions Balanced foreign trade, stabilization of foreign exchange reserves and a slowdown in inflation in Belarus. Results of the socio-economic development of Belarus for the first half was summed up today, on August 14, by the government. The economy is in a difficult external environment. And yet, the country timely pays off foreign debts and ensures the growth of export. Budget revenues amounted to 4.5 percent of GDP.

14.08.2015

Belarus' government reviews economic performance in H1 2015
Belarus' government reviews economic performance in H1 2015 Balanced foreign trade, stabilization of foreign exchange reserves and a slowdown in inflation in Belarus. Results of the socio-economic development of Belarus for the first half was summed up today, on August 14, by the government. The economy is in a difficult external environment. And yet, the country timely pays off foreign debts and ensures the growth of export. Budget revenues amounted to 4.5 percent of GDP.

12.08.2015

Pakistan-China economic corridor may use BelAZ capabilities
Pakistan-China economic corridor may use BelAZ capabilities The capabilities of Belarusian Automobile Plant (BelAZ) can be used in the construction of the economic corridor between Pakistan and China, said the Minister of Information, Broadcasting and National Heritage of the Islamic Republic of Pakistan. The Prime Minister of Pakistan will complete his official visit today after three busy days spent in Belarus. Top managers of BelAZ acquainted Mr Nawaz Sharif with the fleet and showed him the famous giant vehicles. The first dump trucks (30 tons each) were delivered to Pakistan in 2008. 
Nawaz Sharif, Pakistani premier (R)
Nawaz Sharif to visit BelAZ August 12 Pakistani Prime Minister will continue acquaintance with Belarusian producers. August 12 Nawaz Sharif will go to BelAZ. Yesterday he visited Minsk Tractor Works (MTZ). In the next two years, MTZ plans to deliver to Pakistan up to five 5,000 units of equipment, which is almost twice the previous volumes.  It is possible that a similar economic effect can be expected from the meeting of the Pakistan delegation with Belarusian producers of mining equipment.
Minsk exports equal $800 million in H1 2015
Minsk exports equal $800 million in H1 2015 Minsk enterprises have significantly increased exports to Latvia, Sweden, Serbia, the Netherlands, Pakistan, Spain and Cuba. In H1 2015 alone, the city exported products worth more than 800 million dollars. Now Minsk delivers products to 130 countries. In addition, the capital penetrated the market of Bolivia in 2015. Many private enterprises increased export almost twice. Experts say that the recipe for success lies not only in quality but also in the uniqueness of individual goods.

11.08.2015

Nawaz Sharif: President Lukashenko created a strong economy in a short time
Nawaz Sharif: President Lukashenko created a strong economy in a short time This week Belarusian-Pakistani cooperation has reached a new level. Pakistani Prime Minister Nawaz Sharif is in Minsk these days. The states may increase the total turnover of a billion dollars, said President Alexander Lukashenko on August 11 opening the Belarusian-Pakistani business forum. Representatives of the largest companies of chemical, textile, engineering and other industries gathered today in the National Library.
Alexei Bogdanov, head of the main department of foreign economic activity of the Ministry of Agriculture and Food of the Republic of Belarus
Belarusian-Pakistani business forum to open in Minsk August 11 Belarus wants to get closer to establishing strategic partnership with Pakistan. On August 11 Minsk will host the Belarusian-Pakistani business forum. It is expected that taking part in it will be dozens of representatives of the largest companies as well as the Prime Minister of Pakistan, who is on an official visit to Belarus. 

10.08.2015

Vladimir Ulakhovich, deputy chairman of the Belarusian Chamber of Commerce and Industry
Belarus offers Pakistan cooperation in development of mineral deposits Belarus offers Pakistan cooperation in the field of geological exploration. This was one of the major topics of the August 10 Belarus-Pakistan business council in Minsk. The sides also considered the supply of Belarusian engineering equipment and food.
Belarus tightens building materials import regulations
Belarus tightens building materials import regulations Belarus has tightened import regulations with regard to imported materials. August 10, there came into effect a decree of the Council of Ministers requiring suppliers to deal only with certified products.  It affects about 40 types of building materials. This step was taken to protect the domestic market from unsafe and poor quality products.
Pakistani Prime Minister to arrive in Minsk 10 August on two-day visit
Pakistani Prime Minister to arrive in Minsk on two-day visit August 10 President of Belarus will meet with the Prime Minister of Pakistan August 10. Alexander Lukashenko and Nawaz Sharif will hold one-on-one talks and then will be joined by their delegations. The distinguished guest will stay in Belarus until 12 August.  During this time, he will hold a number of official meetings, visit Belarus' machine-building enterprises and deliver a lecture at the Belarusian State University. 

07.08.2015

Belarusian-Pakistani joint companies to open in Minsk, Islamabad
Belarusian-Pakistani joint companies to open in Minsk, Islamabad Joint Belarusian-Pakistani companies will be opened in Minsk and Islamabad. On August 7, Belarusian and Pakistani officials met at the session of the intergovernmental commission on trade-economic cooperation to discuss further cooperation in the field of mechanical engineering, petrochemistry and wood.
Belarus, Pakistan discussing joint production of machinery, petrochemicals, wood
Belarus, Pakistan discussing joint production of machinery, petrochemicals, wood Belarus and Pakistan are discussing the establishment of joint ventures in the field of mechanical engineering, petrochemicals and woodworking. This was announced by chairman of the Belarusian Industry Minister Vitaliy Vovk before the meeting of the Belarusian-Pakistani intergovernmental commission on trade-economic cooperation. Mr Vovk heads the Belarusian part of the commission.

30.07.2015

Modernization of international transport and logistics center near Minsk completes
International transport and logistics center in Kolyadichi modernized The transport and logistics center in Kolyadichi now meets all international standards. A large-scale modernization has been completed here. Today it receives cargo from the Baltic States and the CIS.  In the near future, the first dry port in Belarus will appear. It will connect Kolyadichi with large marine piers and will be the center of the economic belt of the Silk Road.
Diversifying exports is a key task for the growth of the national economy, Premier Kobyakov says
Diversifying exports is a key task for the growth of the national economy, Premier Kobyakov says An increase in exports and new markets was discussed yesterday on July 29 at the Belarus government. Currently, this is the key challenge for the development and growth of the national economy.

28.07.2015

Vladimir Zinovsky, Minister of Economy of the Republic of Belarus
Belarus expects GDP growth in late 2015 GDP growth in Belarus is expected at the end of 2015.  In Brest, on 27 July, there gathered economic elite of Belarus and Russia - representatives of relevant ministries of the two countries. The first half of the year, as recognized by experts, was very difficult. But even in these conditions, Belarus and Russia have managed to not only keep the old cooperative ties, but also find new partners. Moreover, now the Russian market is reviving. All this gives reason to expect significant positive changes in the Belarusian economy in the near future.

24.07.2015

Belarus and Ukraine to discuss removal of trade restrictions on July 24
Belarus and Ukraine to discuss removal of trade restrictions on July 24 Belarus and Ukraine will discuss the removal of trade restrictions. July 24 in Chernihiv there will be a meeting of the Intergovernmental Commission on trade and economic cooperation.  The sides will discuss the possibility of refusal from charging import duties imposed by Ukraine. In addition, the parties plan to address issues of development partnerships in the areas of industry and production cooperatives, leasing, architecture, construction, agriculture and transport.

21.07.2015

Belarus, Zimbabwe working on possible areas of economic cooperation In particular, Belarus wants to increase the supply of vehicles of famous brands to Africa. The second-ranked official of Zimbabwe - Vice President Emmerson Mnangagwa visited Belarus to hold talks on a number of matters in economic and other spheres of cooperation. Belarus plans to build with Zimbabwe a road map for trade and economic cooperation in the region with the aim to create a single service center for road engineering, which, incidentally, could work not only on the market of Zimbabwe, but also in neighboring countries. For example, in South Africa.

20.07.2015

Moldova President arrives in Belarus on official two-day visit
Moldovan president completes official visit to Belarus: review Last week, Belarus and Moldova discussed possible major joint economic projects. Alexander Lukashenko and Nikolai Timofti were seeking for potential points of growth.  Moldovan business community took part in a business forum in Minsk, which reflects their interest in finding opportunities of doing business with Belarusian partners. At first glance it seems that the two countries have completely different economic accents. After all, Belarus is in the Eurasian Economic Union. And Moldova is committed to EU accession.
Moldova President Nicolae Timofti test drives Belarusian MTZ tractor
Moldova President Nicolae Timofti test drives Belarusian MTZ tractor (video) The delegation from Moldova July 17 was able to assess work of Belarusian industrial giants.  President Nicolae Timofti embarked on a comfortable bus for a short ride and even personally test drove the MTZ tractor. Electric trains produced by Stadler pleased the Moldovans, too.

16.07.2015

Belarus, Moldova sign 7 intergovernmental agreements during Moldovan president's visit
Belarus, Moldova sign 7 intergovernmental agreements during Moldovan president's visit President Nicolae Timofti came to Belarus on an official visit. The ceremony of the meeting with the head of our country Alexander Lukashenko was held in the Palace of Independence by all the canons of diplomatic protocol: a red carpet, greeting of delegations and honor guard. Traditionally, the anthems of the two countries sounded.
FM names Belarus' major trade economic partners besides Russia, EU
FM names Belarus' major trade economic partners besides Russia, EU Economic diplomacy. Assigning Belarusian officials to specific regions to increase the volume and diversification of export gives some results, said on July 16 Foreign Minister of Belarus Vladimir Makei at a meeting of heads of diplomatic missions and consular offices of Belarus.  In particular, the diplomats intensified work of the intergovernmental commissions, used reserves through business associations, honorary consuls, as well as the exhibiting of Belarusian goods abroad.
Belarus, Moldova hold meeting of intergovernmental commission on trade-economic cooperation
Belarus, Moldova hold meeting of intergovernmental commission on trade-economic cooperation In anticipation of the visit of the Moldovan president, Minsk hosted a meeting of the intergovernmental commission on trade-economic cooperation between Belarus and Moldova. The parties discussed the possibility of establishing joint ventures, cooperation in transport, construction and energy sectors.  It has been stated about plans to bring mutual trade turnover in the near future to half a billion dollars.

15.07.2015

Belarus and Moldova plan to increase turnover up to $500mln Belarus and Moldova plan to increase turnover up to half a million dollars. This was said by participants of the meeting of the Intergovernmental Commission on trade and economic cooperation between the two countries. On July 15 in Minsk, the sides will discuss the possibility of establishing joint ventures, cooperation in transport, construction and energy sectors.
Belarus wants to produce electric vehicles jointly with Japan
Belarus wants to produce electric vehicles jointly with Japan Belarus is interested in cooperation with Japan in the production of electric vehicles, Ambassador Extraordinary and Plenipotentiary of Belarus to Japan Sergei Rakhmanov told reporters before the Belarusian-Japanese business meeting. "Belarus is interested in manufacture of automotive components and new types of vehicles, such as electric vehicles, which will certainly occupy a niche, which is expanding. Now we are negotiating with the interested Belarusian and Japanese sides," said Sergei Rakhmanov.
Premier Kobyakov says Belarus interested in expanding cooperation with Israel Belarus is interested in cooperation with Israel Chemicals Limited, said Prime Minister Andrei Kobyakov July 14 at a meeting with the president and CEO of the Israeli company Stefan Burgas.  Israel Chemicals Limited is one of the world's largest producers of mineral fertilizers, especially potash. 

13.07.2015

Why will Ufa's BRICS/SCO summits become historic? The Ufa negotiations of the BRICS and the SCO could enter into economic history. Countries representing nearly half the world's population discussed global issues such as the reform of the United Nations, economic development strategies and the creation of a multipolar world in opposition to the unipolar one. There will be created a new BRICS Development Bank and a pool of foreign exchange reserves with a combined capital of over 200 billion dollars.

10.07.2015

Kazakhstan and Belarus to create new joint venture production in Astana
Kazakhstan and Belarus to create new joint venture production in Astana Kazakhstan and Belarus are creating a new co-production in Astana. The experience in the assembly of tractors in Central Asia shows a high demand for domestic agricultural machinery in the country and the region. In addition, the Kazakh colleagues would like to draw on Belarus' experience in milk production. This was discussed on July 9 at the meeting of MPs of Belarus' House of Representatives with a delegation from Central Asia.
Belarus, Brazil to create joint intergovernmental commission to study the state of partnership
Belarus, Brazil to create joint intergovernmental commission to study the state of partnership Ufa is in the center of world politics. On July 9, it hosted the summits of the BRICS and Shanghai Cooperation Organization. During the summit, Belarus head of state Alexander Lukashenko met with Brazilian president Dilma Rousseff. A meeting of heads of Belarus and Brazil was held in the capital of Bashkortostan. Alexander Lukashenko and Dilma Rousseff agreed to establish a joint intergovernmental commission, which will examine the current state of the partnership, as well as prospects for further cooperation between the two countries.

07.07.2015

Belarusian goods to get space at St. Petersburg's Import Substitution Center
Belarusian goods to get space at St. Petersburg's Import Substitution Center Positive negotiations. Belarus will continue to increase trade with St. Petersburg. Also, Belarus will get a trade space in the center of import substitution, which is currently under construction in St. Petersburg. This was one of the topics of the July 6 meeting of the working group of the Council of Business Cooperation of St. Petersburg and the Republic of Belarus.

06.07.2015

Belarus President holds meeting on political matters
Belarus President holds meeting on political matters ahead of presidential election New challenges to which Belarus must respond. Alexander Lukashenko held a meeting on political issues, which was attended by all the heads of the law enforcement officials and the first persons of the country who determine domestic and foreign policy. The President stressed that today the state's actions are inextricably linked to economy. Belarus attaches great importance to the diversification of exports.

29.06.2015

Brazilian businessmen from Goias State on visit in Belarus
Brazilian businessmen from Goias State on visit in Belarus Brazilian businessmen are on a visit to Belarus. The delegation of business circles has come from the state of Goias. The foreign guests are planning to get familiar with the potential of the Minsk region.  They will visit a number of industrial enterprises, hold talks with the leadership of the Minsk region and with representatives of the central government bodies and corporations.

25.06.2015

Sergei Dubkov, deputy chairman of the National Bank of the Republic of Belarus
National Bank of Belarus wants to become regional leader Confidence in the banking system in Belarus is growing. This is evidenced by the credit portfolio, which increases from year to year.   The general level of financial literacy is increasing too. This is stated by Belarusian analysts and representatives of the international organization "Alliance for Financial Inclusion."
Expo 2015 in Milan
EXPO 2015 in Milan: Day of Economy of Belarus June 25 The day of Belarusian economy was held today, 25 June, at the World Exhibition EXPO 2015.  The main emphasis was on investment opportunities and prospects of Belarus through membership in the Eurasian Economic Union. On June 25, the Belarusian exhibition booth was surrounded by tourists and businessmen.
EXPO 2015 in Milan: 80,000 guests visit Belarusian pavilion in 2 months
EXPO 2015 in Milan: 80,000 guests visit Belarusian pavilion in 2 months EXPO 2015 in Milan. The Belarusian pavilion was visited by 80,000 guests in two months. Taking part in the review of the achievements of the world economy are almost all states. Belarus is one of the 50 countries that opened its own pavilion. Igor Pozniak, CTV:This is not a carnival in Rio, not the Olympics in Sochi, and not even a hockey championship in Minsk. This is Expo in Milan: Europe, Asia, Africa, America - the entire planet on a palm. No borders and no hotspots. In general this is the ideal future.
Belarus President says Eurasian Economic Union significantly expands range of trade and economic cooperation
Belarus President says Eurasian Economic Union significantly expands range of trade and economic cooperation Belarus is ready to develop cooperation with countries from around the globe. This was stated by Alexander Lukashenko who addressed the new representatives of the foreign diplomatic corps in Belarus. 11 ambassadors handed credentials to the President at the Palace of Independence today. These are representatives of Argentina, Belgium, Benin, Brazil, Denmark, Jordan, Ireland, Kuwait, Turkmenistan, Uruguay and Sweden. Alexander Lukashenko has congratulated everyone on the beginning of the diplomatic mission and expressed confidence in fruitful collaboration.

24.06.2015

Government urges Belarusian companies to more actively adapt to market conditions
Government urges Belarusian companies to more actively adapt to market conditions Import substitution is a guarantee of economic security of the country, so quality domestic products and successful businesses are always given green light in Belarus. The government discussed on June 23 the effectiveness of measures on import substitution. Import substitution started in Belarus about 7 years ago. Investments were directed to production - mainly to industry and agriculture. Not everything went smoothly, but there were also successes. 

23.06.2015

Zimbabwe wants to engage in joint economic projects with Belarus Leaders of Zimbabwe are interested in the development of a comprehensive partnership with Belarus, and are ready to provide state support for joint economic projects. This was stated by representatives of the country in the negotiations with the Belarusian delegation that visited Zimbabwe on June 18-21.
Belarus to increase supplies of mining equipment to Indonesia
Belarus to increase supplies of mining equipment to Indonesia Belarus and Indonesia agreed on the increasing of supplies of goods at the meeting of the intergovernmental joint commission on cooperation. The parties also discussed the possibility of supply of Belarusian passenger transport to the capital of Indonesia, the increase in exports of potash and military-technical cooperation. The countries plan to bring the trade turnover between the countries up to a billion dollars.
Alexander Lukashenko to Serbian investors: Minsk World complex will be a historic project
Alexander Lukashenko to Serbian investors: The Minsk World complex will be a historic project The construction of the complex "Minsk-World" will be a historic project. This was stated by Alexander Lukashenko on June 22 at a meeting with Serbian investors.  Initially, plans were made to create the complex "Minsk-City" at the airport Minsk-1. However, a Russian investor built only a few houses.  Now a large Serbian company will deal with the project. The project's essence has changed: "Minsk-World" will now be not just be a "city within a city" but an international financial center. 
Special Representative of the Afghan President arrives in Minsk
Special Representative of the Afghan President arrives in Minsk with batch of business proposals Belarus would like to develop trade and economic cooperation with Afghanistan. Alexander Lukashenko said this at a meeting with the special representative of Afghanistan's President on cooperation with the CIS countries.  The parties expect that the talks will be a prelude to a series of specific movements steps towards each other. This was agreed during a recent telephone conversation between the two heads of state. Alexander Lukashenko on June 22 said that Belarus respects Afghanistan's efforts against the global terrorist movement.

21.06.2015

Alexander Lukashenko: Every company should react flexibly to the situation on foreign markets
Alexander Lukashenko: Every company should react flexibly to the situation on foreign markets Every company should react flexibly to the situation on foreign markets, said Alexander Lukashenko at the June 19 meeting to review the operation of the major Belarusian engineering companies. The decline in demand from key partners has a negative impact on the situation of our businesses.  The President noted that under these conditions, issues of quality, competent managers and the diversification of sales come to the fore.

18.06.2015

Bealrus' Foreign Minister: Guinea wants to develop relations with Belarus
Belarus' Foreign Minister: Guinea wants to develop relations with Belarus The Republic of Guinea has a desire to develop relations with Belarus, said Belarus Minister of Foreign Affairs Vladimir Makei.  The foreign ministries of the two countries on June 18 signed an agreement on regular diplomatic consultations between the Foreign Ministries of Belarus and Guinea.  This is the first document that will be the basis for the formation of the legal framework between the countries.

16.06.2015

Cuba buys 500 Belarus' MTZ tractors, aiming for more Cuba will purchase Belarusian MTZ tractors. The deal was agreed during the visit to that Latin American country. The sides signed a contract worth $13 million.  They agreed to continue close cooperation in the field of mechanical engineering. In the short term, Belarus and Cuba will sign another contract worth $7 million.

15.06.2015

Alexander Lukashenko: Belarus-Germany relations could be deeper
Alexander Lukashenko for deeper Belarus-Germany relations Relations between Belarus and Germany may be deeper. This was stated by President Alexander Lukashenko at the meeting with the German ambassador. Wolfram Maas completes his diplomatic mission in the republic. He has remained in office for nearly four years. The sides expressed confidence that in the near future progress in bilateral relations can be expected. The Belarusian President, communicating with the diplomat, remarked that the country is always ready for dialogue.

14.06.2015

Belarus-Austria: non-obvious parallels between Minsk and Vienna
Belarus-Austria: non-obvious parallels between Minsk and Vienna Austria has invested a lot of money in Belarus and believes that the business climate here is very good and that our countries are very similar. Our special correspondent Jana Shipko checked this out. Vienna is associated not only with beautiful architecture, classical music and apple strudel. But even with such old so-called "taxis" - fiacres. These horse-drawn carriages now carry only tourists but 350 years ago this fiacre was a prototype of the service "sober driver".
Belarusian products now in US retail chains
Belarusian products now in US retail chains Belarus will increase the export of agricultural products. According to forecasts of the Ministry of Agriculture, in 2015, the state will earn up to $ 7 billion on these supplies. Manufacturers began to actively promote products in new countries. Belarusian products are now in demand in Tajikistan, Kyrgyzstan and Armenia. Exports doubled to Asia and Oceania. Among the buyers are the United Arab Emirates, Vietnam, Pakistan, and China. The first delivery of milk powder to Syria also took place. Belarusian products were tasted even in the USA. 

10.06.2015

Belarus starts producing Orenburg downy shawls
Belarus starts producing Orenburg downy shawls Orenburg shawls are now produced using Belarusian technologies. A knitting factory in Minsk has launched production of unique downy shawls and other related goods.  Handmade shawls will be included in the collection of women's clothing of the Belarusian Fashion Center in the new season. The impetus for the light industry was the order of the President. It took the industry two months to learn the knitting of goat down.

09.06.2015

President Lukashenko hails 5-time increase in Belarus-Serbia trade
President Lukashenko hails 5-time increase in Belarus-Serbia trade On June 9, Alexander Lukashenko met with Chairwoman of the National Assembly of Serbia Maja Gojkovic to discuss the traditionally friendly Belarusian-Serbian relations. This is the first official visit of the Serbian parliament to Belarus. Cooperation between the two countries, both political and economic, was established in the mid-1990s. Today, Serbia is Belarus' key partner in the Balkans and a kind of bridge between the Eurasian Union and the EU.

08.06.2015

What do Belarus and India have in common? Review of Pranab Mukherjee's visit to Belarus Bollywood melodramas, Bangalore Square in Minsk and the famous tea with an elephant. Despite the distance, India has been close to the heart of every Belarusian since Soviet times. Now, apparently, it is time to restart the bilateral relations. This fashionable word in the world of diplomacy is the best to describe the first official visit of the President of India to Belarus.
Belarus, Croatia ink intergovernmental agreement on economic cooperation June 8 An agreement between the Governments of Belarus and Croatia on economic cooperation was signed on June 8 in Minsk. The Belarusian capital on June 8 hosted political consultations between the Foreign Ministries of the two countries. They discussed bilateral cooperation, including the current state of and prospects for the political dialogue.  Another topic of conversation was cooperation between Belarus and Croatia in international organizations, as well as relations with the European Union.
Belarus President's visit to Pakistan
Belarus President's visit to Pakistan. Review by TV program Picture of the World with Yuri Koziyatko President Lukashenko spent two days on an official visit in Pakistan, which ended on May 29. This is a major country in South Asia. The sixth most populous country in the world and the second most populous Muslim country (after Indonesia). This another meeting of Mr Lukashenko with an Asian leader in a series of visits, which also involves India and China. This policy aims to boost export of Belarusian goods to foreign investors. Our special correspondent Natalia Breus reports.
Belarusian-Lithuanian business forum kicks off in Marijampolė June 8
Belarusian-Lithuanian business forum kicks off in Marijampolė June 8 Belarusian-Lithuanian business forum kicks off June 8 in Marijampole. The meeting of industry and investment companies of the two countries will help strengthen the economic integration between Belarus and Lithuania.  In addition to the traditional business match-making session, Belarusian entrepreneurs will visit a number of companies and factories in the region. This will facilitate the establishment of direct contacts with the producers and expansion of markets. The two countries hold such business meetings regularly.
Pranab Mukherjee and Alexander Lukashenko meeting in Minsk
Where does Minsk-New Dehli roadmap lead? Belarus is becoming attractive to the largest countries of the world. In less than six months of 2015, Minsk was visited by the firsts persons of France, Germany, Russia, Ukraine, China, and India.  The last two countries are the most populous in the world. In total, India and China make up a third of the world's population (if not more). In relations with such countries, both economy and politics are equally important.

27.05.2015

Development Bank of Belarus gets 118 million euro loan from Russian, European counterparts The Development Bank of Belarus got a large loan from Russian and European counterparts. The price of the issue is 118 million euros. Financing the syndicated loan are over 10 financial institutions. This type of lending is fairly new for our country. This is the second such transaction but experts believe that Belarus' entrance to the international market for such loans will push for development and other forms of financial cooperation between the Belarusian, Russian and European banks.
Belarus, Iraqi Kurdistan seeking to set up joint ventures Belarus and the Iraqi Kurdistan will create joint ventures. This sides agreed on this during the first meeting of the group on trade-economic cooperation. The meeting was held in Minsk. The partners also intend to intensify the dialogue in the field of industry, agriculture, tourism and education. A large delegation came for this to the Belarusian capital. It includes the heads of ministries and relevant agencies.

26.05.2015

Natalia Eismont, Presidential press secretary
Alexander Lukashenko's visit to Pakistan rescheduled for May 28-29 The business and investment forum will continue in Pakistan on May 26. The Belarusian side is represented by 25 companies. These are mainly oil refining, agriculture and engineering enterprises. For many participants, the first day of the specialized exhibition was successful. On the eve, the sides signed 12 documents.

25.05.2015

Belarusian businessmen looking for new partners in Pakistan
Belarusian businessmen sign contracts worth $42mln in Pakistan A joint business and investment forum is being held in Islamabad. It is taking place on the eve of the visit of Alexander Lukashenko to that Asian country, which is scheduled for May 26-27.  Businesses are going to find new points of contact and discuss specific projects. Belarus' Amkodor is ready to open an assembly plant in Pakistan. According to experts, Pakistan may be interested in buying road-building and agricultural and municipal machinery from Belarus.
Belarus-China relations: politics or economy? Expert opinions in talk show What's Going On?
Belarus-China relations: politics or economy? Expert opinions in talk show What's Going On? What can we say today about the relationship between Belarus and China? What is China today? Are relations between Belarus and China's most profitable in terms of politics or economy? In mid-May, Xi Jinping, Chinese President, made a historic visit to Belarus to sign a large package of documents. Experts estimate it at $18 billion. That will this strategic partnership give us? Over the past 30 years, China has made a great leap forward in its development. This is the result of politics and transparency. What is the secret, Mr Kovalev?

24.05.2015

Honorary Consul of Austria in Belarus Sergei Kostyuchenko
Honorary Consul of Austria in Belarus on Austrian investment Still, economy is a priority in Belarus' relations with Europe. And a small fact of the week: the Council of the Republic liberalized tax regime between Belarus and Austria since considerable capital comes from the country. Capitals seek places where it's safe and where business gives the investor pleasure. This opinion was expressed by chief of Priorbank and Honorary Consul of Austria in Minsk Sergei Kostyuchenko in an interview with the TV program "Picture of the World."

20.05.2015

Restrictions on heavy vehicles movement in Belarus during summer time
Restrictions on heavy vehicles movement in Belarus during summer time Temporary restrictions on the movement of heavy vehicles have been imposed in Belarus. They will be valid until the end of summer. During this period, on the days when air temperature is above 25 degrees, "heavyweights" with an axle load of more than 6 tons will not be allowed to use highways with asphalt covering. The road for them will be open only at night. Temporary inconveniences will not affect passengers, perishable goods, as well as travels related to the prevention or elimination of emergency situations.
Andrei Kobyakov, Belarus Premier
Belarus' GDP down by 2% in Q1 2015 as compared to Q1 2014 On May 19, the Belarus government summed up the socio-economic development of the country in the first months 2015. The overall conclusion is that the economic situation is difficult but not hopeless. There are questions to the Belarusian industry and a number of companies but steady growth can be seen in the construction and trade.

19.05.2015

Andrei Kobyakov, Belarus Premier
Belarus records steady growth in agriculture, construction, trade in January-April 2015 Low efficiency of work of some enterprises, but at the same time steady growth in agriculture, construction and trade – results of Belarus’ socio-economic development in the first quarter of 2015 were voiced by the Belarus government today. The development of the economy was affected by external factors. Among them is the devaluation of the Russian ruble, falling oil prices and declining demand in the countries that are Belarus' key trading partners. 
Russian bank ready to support Belarusian businesses in difficult economic conditions How to make Belarusian economy work more efficiently? This was the main topic of yesterday's meeting of the Belarus President with the Chairman of the Board of Sberbank of Russia German Gref. At the beginning Alexander Lukashenko noted a special position of the Russian bank in respect of our country. The Head of State recalled how a few years ago it was this very financial institution that, unlike many other Russian companies, supported Belarus. This meeting also took place in a difficult external economic environment.   

18.05.2015

Alexander Lukashenko (L) and German Gref (R)
Alexander Lukashenko meets chief of major Russian bank German Gref How to make Belarusian economy work more efficiently? This matter was discussed at the May 18 meeting of the Belarus President with Chairman of the Board of Sberbank of Russia German Gref. Alexander Lukashenko pointed out that not everything is smooth in the Belarus economy. In particular, the situation is influenced by the neighboring countries - our traditional partners. However, there are some positive trends. We are gradually developing new markets and expanding our presence in other countries. 

17.05.2015

Belarus President's visit to MTZ: report of TV program "Picture of the World with Yuri Koziyatko"
Belarus President's visit to MTZ: report of TV program "Picture of the World with Yuri Koziyatko" Cost-effectiveness of the visit of the Chinese president is $18 billion. Belarus plans to get this amount from cooperation with China. For example, Belarus intends to establish in China assembly plants of Gomselmash and MTZ. By the way, during the week, President Lukashenko visited Minsk Tractor Works. Meeting with the staff, he spoke not only about tractors, but also recalled the importance of the visit of the Chinese leader and explained the situation with regard to the most pressing problems of today.

13.05.2015

Belarus Premier: Chinese loans are beneficial for us
Belarus Premier: Chinese loans are beneficial for us Belarus' loans from China are comfortable in terms of time and cost. This was said on May 13 by Prime Minister Andrei Kobyakov at a meeting with chairman of the State Development Bank of China. The Premier noted that four loan agreements worth more than $800 million are now being implemented. In September 2014, Belarus began to study new mechanisms of attraction of long-term financial resources: the opening by a Chinese bank of credit lines worth $1 billion for 15 years. The new credit agreement was signed during the visit to Belarus of President Xi Jinping.  
Alexander Lukashenko, Xi Jinping visit Chinese-Belarusian Industrial Park Great Stone
Alexander Lukashenko, Xi Jinping visit Chinese-Belarusian Industrial Park Great Stone The head of China Xi Jinping concluded his state visit to Belarus. In National Airport Minsk Alexander Lukashenko personally said goodbye to the distinguished guest. At the end of the state visit, the Chinese President visited the Belarusian-Chinese Industrial Park. 

12.05.2015

Minsk, Beijing become sister cities The partnership at a new level. Minsk and Beijing on May 11 signed a memorandum of cooperation. A delegation from the Chinese capital headed by Mayor Wang Anshun met with the leadership of the city's executive committee. They discussed economic partnership and mutual exchange of experience in the fields of education and tourism. Now about three thousand Chinese students are studying in Minsk universities. This figure is going to increase. In turn, the universities of Beijing will provide scholarships for Belarusian students to study in the eastern capital.

11.05.2015

Belarus to get China's Eximbank loan worth over $1 billion
Belarus to get China's Eximbank loan worth over $1 billion Belarus has concluded a loan agreement with China's Eximbank worth more than $1 billion. This was announced on May 11 by the Prime Minister of Belarus at the meeting with the chairman of the bank. The Prime Minister stressed that Xi Jinping's current visit to Belarus is historic.
Xi Jinpings' visit to Belarus: new era in Belarusian-Chinese strategic partnership
Xi Jinping's visit to Belarus: new era in Belarusian-Chinese strategic partnership On May 10, one of the most influential people in the world (as it is often called in the American media) - Chinese President Xi Jinping - paid a state visit to Belarus. In Minsk, the Palace of Independence hosted official talks between Alexander Lukashenko and Xi Jinping.

07.05.2015

14 Belarusian enterprises to start exports to Chinese market from summer 2015
14 Belarusian enterprises to start exports to China in summer 2015 Made in Belarus and exported to China. There will be more domestic goods in the Chinese market. From summer 2015, 14 Belarusian companies will begin supplies to China.  Negotiations on expanding Belarus' exports to China were held during the recent visit of the Belarusian delegation to China. China is one of the most important trade and economic partners of Belarus.  Chinese like tea. But tea with Belarusians cookies is tastier!

29.04.2015

Premier Kobyakov meets with Minister of Foreign Affairs and Trade of Hungary
Premier Kobyakov meets with Minister of Foreign Affairs and Trade of Hungary Smooth neighborly relations between Belarus and the European Union will contribute to the maintenance of stability and strengthening security in the region. This was said during the April 29 meeting of Belarus' Prime Minister Andrei Kobyakov with Minister of Foreign Affairs and Foreign Trade of Hungary. Besides, Belarus country as the coutnry presiding the Eurasian Economic Union is ready this year to promote dialogue between the European Union and the EEU. The sides discussed trade and economic relations between Belarus and Hungary.

26.03.2015

President Lukashenko visiting Peleng company: We will invest in companies of the future The Belarus President considers it necessary to maintain long-term high-tech industry in the country. This was said by Alexander Lukashenko when visiting the company Peleng. It is part of the State Military-Industrial Committee. The results of the operation of the defense sector was evaluated positively. The modern Peleng grew out of an engineering office, which was organized by the Minsk Mechanical Plant named after Vavilov 40 years ago. During this period the company has become independent. But the main thing is successful and high-tech manufacturing.

25.03.2015

Alexander Lukashenko
Alexander Lukashenko: Advanced technologies make country safer The Belarus President considers it necessary to maintain long-term high-tech production. Alexander Lukashenko said this on March 25 visiting the company Peleng. It is part of the State Military-Industrial Committee. Economic indicators of the Committee in 2014 were good. According to the chairman Sergei Gurulev, the Committee is looking for new markets. In 2014, export brought the institution more than $800 million.

24.03.2015

Alexander Lukashenko: Belarus and the Orenburg region should work out new ways of cooperation
Alexander Lukashenko: Belarus and the Orenburg region should work out new ways of cooperation Belarus and the Orenburg region (Russia) should work out new ways of cooperation. This was discussed at the March 23 meeting between President Alexander Lukashenko and Russian region Governor Yuri Berg. The Orenburg region is our long-time trading partner of Belarus. Nevertheless, the scope of mutual interests should be expanded. The current visit should become a new page of cooperation.  The guests will stay in our country for one days. The plans include the meeting in the Government, visits to factories and talks of the working group on cooperation.

23.03.2015

Activated carbon: Can Belarus start to produce this "miracle pill"? Who benefits from buying imported activated carbon and why does Belarus not produce these simple pills? As it turned out, the general trend of import substitution in the Belarusian economy is not appropriate here, says the Ministry of Health. The production of the harmless drug is classified as hazardous and can only be outside settlements while Belarusian pharmaceutical factories are within the city limits.

17.03.2015

Nikolai Fyodorov, the Minister of Agriculture of the Russian Federation
Russia may allow blacklisted Belarusian companies to resume food supplies The matter of resumption of supplies of Belarusian products to Russia will be decided during this week. This was stated at a joint meeting of the ministries of agriculture of the two countries. A group of experts from Rosselkhoznadzor (Russian sanitary watchdog) will arrive in Belarus in the near future. It will inspect three largest companies of the nine that are on Russia's "black list". At the end of 2014, Russia stated that a gene of African swine fever was allegedly discovered in Belarusian pork. The source of the ASF has not yet been identified.
Leonid Zayats, Belarus agriculture minister
Belarus to export to Russia 390,000 tons of meat products in 2015 At a joint meeting, the Ministries of Agriculture of Russia and Belarus have agreed on the so-called trade balances. The Russian Federation insisted on increasing the supply of the majority of Belarus' agricultural products, primarily meat and milk. In 2015, Belarus will export to Russia 390,000 tons of meat, including pork, beef and chicken. This should bring Belarus more than $1 billion.

08.03.2015

Alexander Lukashenko
Belarus' President meets with heads of major industrial enterprises The head of state discussed with factory directors the situation in Belarusian industry on March 6. This sector was the most susceptible to external adverse factors. Industry Ministry enterprises occupy one-fifth of the total industrial production in the country, more than half of it is exported. In recent years, they are seriously lagging behind. The President instructed to exclude red tape and make decisions quickly. Meetings on the economy have become regular. It helps to quickly solve problems.

03.03.2015

Andrei Kobyakov (L) and Dmitry Medvedev (R)
Belarus and Russia enjoying good intergovernmental dialogue, Belarus' premier says On March 3, Moscow hosts a meeting of Prime Ministers of Belarus and Russia. According to Belarus' premier Andrei Kobyakov, today the two countries are enjoying good intergovernmental dialogue. This should help in boosting trade and economic relations.

08.02.2015

Mogilev enterprise produces elevators for Russian nuclear power plant
Mogilev enterprise produces elevators for Russian nuclear power plant A Mogilev factory has made elevators for a Russian nuclear power plant. The Leningrad NPP-2 is now being constructed.  Customers have put forward a number of requirements that forced Mogilev designers to create completely new lifting machines.  Our correspondent Irina Nedoboeva found out the secrets of the Mogilev company's success and asked about their future plans.  Meanwhile, Belarus is constructing its first nuclear power plant. The first energy power unit is expected to be ready by 2018.

06.02.2015

Eurasian Economic Union to foster elimination of restrictions in mutual trade
Eurasian Economic Union to foster elimination of restrictions in mutual trade To eliminate existing barriers to trade and move to a coherent industrial policy as well as launch joint projects. On February 6, in Russia's Gorki town outside Moscow, members of the Eurasian Economic Union (EEU) announced priorities for the development of the organization.  In 2015, Belarus chairs the EEU integration bodies. Prime Minister of Belarus Andrei Kobyakov held the first-ever meeting of the Intergovernmental Council of the Eurasian Economic Union. 

05.02.2015

Belarus and Russia need to restore trade volume
Premier Kobyakov: Belarus and Russia need to restore trade volume Belarus and Russia need to restore volume of trade. This was stated by Prime Minister of Belarus Andrei Kobyakov at a meeting in Gorki, near Moscow, at a meeting with the head of the Russian government Dmitry Medvedev. In 2014, bilateral trade amounted to $37 billion. The figure is lower than in 2013. And in order to reach a new level, the head of the Belarusian government suggested that both countries coordinate actions.
Russian sanitary watchdog blacklists two Belarusian enterprises Deliveries of Belarusian meat products to Russia are resuming. On February 5, 7 of 9 blacklisted companies gained access to the Russian market. Earlier Russian experts allegedly found a gene of African swine fever in the products of these enterprises. Only beef supplies have been allowed without restrictions.

03.02.2015

Belarusian beef
Russia to remove restrictions on beef supplies from Belarus February 5 On February 5, Russia will remove restrictions on the supply of beef from nine Belarusian companies which products were suspected of containing the genome of African swine fever, said Belarus’ Agriculture and Food Minister Leonid Zatyats following talks in Moscow with the head of the Russian sanitary watchdog Rosselkhoznadzor Sergei Dankvert. Rosselkhoznadzor said the State Veterinary Service of Belarus has been warned about the inadmissibility of further violations.

02.02.2015

Leonid Zayats
Head of Belarusian Agriculture Ministry: We are honest with Russia Belarus did not allow transit of goods that fell under embargo through its territory to Russia. This was announced by the Minister of Agriculture and Food of Belarus Leonid Zayats who commented on the Russian side's statement that Belarus let forbidden fruit and vegetables pass through its territory. The claims relate to the facts when products were transported to Kazakhstan rather than the Russian Federation.

29.01.2015

Mikhail Myasnikovich
Mikhail Myasnikovich: Prices for Belarusian exports have remained almost at the previous level Work with citizens should not be formal and needs to be more active. This opinion was expressed by Chairman of the National Assembly Mikhail Myasnikovich in the Borisov district. The head of the upper chamber of the Belarusian parliament got acquainted with the work of local enterprises. He evaluated the modernized enterprise Borisovdrev and stressed that the greatest attention should be paid to the development of the Borisov district economy.

27.01.2015

Alexander Lukashenko makes personnel decisions
Alexander Lukashenko: We will overcome this crisis The Belarusian head of state made a number of personnel decisions today and changed a number of heads of Belarusian districts. The changes concern the Vitebsk and Mogilev regions. Natalia Breus, CTV:Today's nominations are the next link in the chain of big personnel policy in Belarus. On the eve of the new year, almost 50% of the composition of the Government was changed. The President announced that the reshuffle will take place throughout the year.  And now it is time to appoint new officials to certain districts of Belarus.

22.01.2015

Andrei Kobyakov summarizes operation of Belarusian economy in 2014 No cabinet work but emphasis on material production and export capacity. Questions on which the Belarus Government is currently focused were discussed on January 22 at the meeting of the President with Prime Minister Andrei Kobyakov. Since the end of 2014, meetings on topical issues, which the economic staff of the country discuss together with the head of state, have become a tradition. And, according to Alexander Lukashenko, this form of work should be preserved. 

05.01.2015

Belarus to pay creditors over $4 bn in 2015 In 2015, Belarus needs to repay more than $4 billion in internal and external public liabilities. According to Belarusian media, Belarus will need about $3.1 billion to transfer to the repayment and servicing of the external public debt. Repayment and service of debt formed in connection with the issue of five-year Eurobonds by Belarus in 2010 accounts for the largest volume of foreign currency payments. The country will need almost $1.2 billion for repayments on these obligations.

28.12.2014

2014: Belarus-Ukraine relations review The meeting of the , which was scheduled for December 26 in Minsk, did not take place: not easy to solve all conflicts and to take into account the interests of all parties. Nevertheless, Belarus' peacekeeping image is now more popular than the image of a "totalitarian state."  

26.12.2014

Alexander Lukashenko sees progress in combating Belarusian economy's problems Problems in the Belarusian economy are being gradually resolved, including recent financial and foreign currency issues, said the Belarus Head of State at a meeting on the country's economic development. On December 26, the government reported on its work to resolve the current problems of the Belarusian economy. A week ago, a similar government meeting was held. It took a number of decisions to resolve problems with the lack of foreign currency in exchange points and people's expectations of coming devaluation of the Belarusian ruble.
Belarus to keep state control over prices 'forever' Problems in the Belarusian economy are being gradually resolved, including recent financial and foreign currency issues, said the Belarus Head of State at a meeting on the country’s economic development.  Last time, this topical issue was discussed a week ago.  And on 26 December, which is a public holiday in Belarus, the Government reported back on its work to the President. --- More on the topic: Export diversification among Belarus' top priorities in 2015

25.12.2014

Russia may provide Belarus with financial support in 2015 Today, on December 25, during a telephone conversation, Prime Minister of Belarus Mikhail Myasnikovich and Prime Minister of the Russian Federation Dmitry Medvedev discussed joint projects and options for providing financial support for Belarus, BelTA news agency reports. The Prime Ministers of the two countries agreed to take concerted action on the functioning of the system of national economies, taking into account the adverse external conditions. 

24.12.2014

Russia banned Belarus' foodstuffs without Putin's consent Investigating authorities of Belarus and Russia will look for those who were responsible for ban on the supply of Belarusian products to Russia in December. 

22.12.2014

Belarus President visits Ukraine, meets Petro Poroshenko Belarus will do its utmost to establish peace in Ukraine. This was stated by Alexander Lukashenko during his working visit to Kiev. Mr Lukashenko met his Ukrainian counterpart Petro Poroshenko.  The sides discussed a wide range of issues - from the economy to the situation in eastern Ukraine. Mr Poroshenko looks forward to the resumption of the so-called Minsk talks of the contact group to resolve the Ukraine crisis.
President: Belarus will not restrict import Belarus will not restrict import in connection with the difficult situation on the financial and currency markets. This was said by Belarus President Alexander Lukashenko on December 22. The head of state took reports from the president's aides in the Vitebsk and Grodno regions. The President asked about the situation in the region after the decision of the government and the National Bank to restrict introduce a 30% fee on foreign currency purchases.
Minsk wants speedy resolution of Ukraine crisis Newly appointed Aide to the Belarus President, Alexander Radkov, voiced the outcome of the December 22 talks between Alexander Lukashenko and Petro Poroshenko. Minsk wants to quickly stabilize the situation in Ukraine because it is a key to successful operation of the two economies.

19.12.2014

President Lukashenko calls Russia's food sanctions against Belarus stupid The media asked Belarus President Alexander Lukashenko on December 19 about Russia's sanctions against Belarusian dairy and meat companies.

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