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Economy & business

21.07.2017

Belarus to build four gas wells in Poltava region, Ukraine
Belarus to build four gas wells in Poltava region, Ukraine Belarus will build four gas wells in the Poltava region of Ukraine. The market of oilfield services in that country is growing and it is necessary to increase oil and gas production. Taking part in tenders is Belorusneft. On July 21 Kiev is hosting a joint business forum, where business circles of the two countries are discussing joint prospects. The portfolio of contracts has already exceeded expectations. On the site, transactions totaling more than $45 million were concluded.

20.07.2017

Kyiv hosting Belarusian-Ukrainian business forum on July 21
Kyiv hosting Belarusian-Ukrainian business forum on July 21 More than 40 million dollars - such are the expectations from the Belarusian-Ukrainian business forum. On July 21 it is underway in Kiev. In recent years, this is one of the most large-scale economic events in the bilateral relations. Business interests are confirmed by the number of participants: representatives of more than 300 partners will get together. The portfolio of contracts has been formed. Belarus expects to sign a contract for the supply of its quarry equipment worth $5 million.
Average Belarusian has deposit of about $3,500 in bank
Average Belarusian has deposit of about $3,500 in bank The National Bank of Belarus has studied the average depositor. It turns out that men from 26 to 60 years trust banks most often. They store an average of BYN 7,000 (about $3,500). Women also have their savings and open most deposits after 55. At the same time, the share of accounts in foreign currency is many times greater. But the National Bank states that in June 2017, the number of deposits in Belarusian rubles sharply increased. 

19.07.2017

Orsha District still facing development issues
Orsha District still facing development issues The development of the Orsha region has shown some positive trends. The government on July 18 discussed the fulfillment of the instructions of the head of state. The number of unprofitable enterprises has decreased, the organizations fully repaid their arrears in salaries. Overall economic indicators have improved. There are shifts in industrial production, good results for builders and trade is growing.
Belarus taking part in International Air Show MAKS 2017 in Moscow Region
Belarus taking part in International Air Show MAKS 2017 in Moscow Region The latest developments and technologies in the aerospace industry. Belarus is widely represented at the XIII International Air Show MAKS-2017. It is underway in Zhukovsky, Moscow region. The Belarusian stand features innovative monitors and display modules, helmet systems, aviation components and drones. Among them is the reconnaissance and strike vehicle Burevestnik MB, created with a large share of innovative components.
Refinancing rate in Belarus down to 12% on July 19
Refinancing rate in Belarus down to 12% on July 19 Available money means affordable investment. Belarus again reduces the refinancing rate. Now it is at 12%. This is the sixth decline since the beginning of 2017. Stability in the foreign exchange market, the balance of the country's solvency and, of course, the low level of inflation - all this enables the National Bank of Belarus to make such decisions. The reduction in the refinancing rate will primarily affect loans: they will become more affordable for people.

18.07.2017

Belarus to extract gas at deposits in Ukraine
Belarus to extract gas at deposits in Ukraine Belorusneft won the tender to break several well in one go. The details of contract realization have already been discussed. Thanks to the active work of the Ukrainian subsidiary, Belorusnet vividly activated its work on the market. The contract works on hydraulic fracturing in the Poltava region are coming to an end. The employees of the plant will soon get down to 3D seismic testing on several deposits in Ukraine.
Belarus plans to increase IT exports in 2017
Belarus plans to increase IT exports in 2017 Belarus plans to increase its exports of IT products by $1 billion in 2017, said July 18 the State Committee for Science and Technology. The results of the country's innovative development were summed up in Minsk. During the 10 years the Belarusian IT industry has stepped forward. Belarus has improved the legal framework and innovative infrastructure. The next step is providing scientists with the so-called risk right.

17.07.2017

Geography of Belarusian export
Geography of Belarusian export Another interesting piece from the conversation between our reporter Yana Shipko and Mikhail Gusman. Mikhail remembered the recent visit of President Lukashenko to the office of ITAR-TASS in Moscow. Remembered with taste. Mikhail Gusman, first deputy general director of the TASS news agency:By the way, when Alexander Lukashenko came to visit us in TASS, he, I will open such a small secret, specially brought us refreshments, all kinds of food. Meat and cheeses. People were delighted, just ecstatic. I cannot convey in words.

16.07.2017

Igor Dodon: Level of Belarus' industry is a dream for Moldova
Igor Dodon: Level of Belarus' industry is a dream for Moldova Two million ethnic Belarusians are scattered around the world - this is official statistics. But if you take into account unreported descendants, I think, the figure will be several times more. Even the family of American President Donald Trump has Belarusian roots. Belarus also has many diasporas. Igor Dodon, who arrived from Chisinau, met in Minsk with his Moldovan diaspora. The President of Moldova came to Belarus on a working visit, saw a number of enterprises and, of course, had a meeting with Alexander Lukashenko. Ekaterina Zhilyanina has all details.

15.07.2017

Belarusian agricultural technologies on Sakhalin: Belarus-Russia pilot project to kick off in October
Belarusian agricultural technologies on Sakhalin: Belarus-Russia pilot project to kick off in October An animal breeding complex with Belarusian technologies will be built on Sakhalin in October of the current year. This pilot Belarus-Russia project will present a farm with 1000 heads of cattle and a processing milk plant. On all the levels of building of the modern agricultural complex Belarusian experience is used. Cows will be brought to the island from Belarus. It is expected that the produced goods of the complex will be exported to continental Russia, China, Korea and Japan.

14.07.2017

Belarus' GDP growth expected at about 1% in H1 2017
Belarus' GDP growth expected at about 1% in H1 2017 Belarus' Ministry of Economy expects GDP growth rate of at least 101% in the first half of 2017. July 14, the ministry announced the preliminary results of some industries' performance. Industry is showing steady growth. The lowest level of backlogs over the last five years is now observed. In 2017 alone, Belarusian enterprises have entered 17 new markets. There are no problems in the construction sector either.

13.07.2017

Moldova President visits Belkommunmash. Electrobus export contacts may be on the cards
Moldova President visits Belkommunmash. Electrobus export contacts may be on the cards Moldova is considering the possibility of assembling Belarusian electric buses, said July 13 the President of that country during a visit to the Belkommunmash enterprise. These days, Igor Dodon is in Belarus on a working visit. The plant is a leading manufacturer of land-based city electric transport in the CIS countries. The Moldovan leader not only got acquainted with the production of equipment, but also traveled as a passenger on a new Belarusian electric bus.
Belarus plans to supply fish to China
Belarus plans to supply fish to China China is opening the market for Belarusian meat products - frozen beef and chicken. On July 10, the sides agreed the deal in Minsk. Deliveries will start in the coming weeks. In the meantime, the sides are studying the possibility of deliveries to China of Belarusian carp fish.
Igor Dodon visits Minsk Tractor Works
Igor Dodon visits Minsk Tractor Works The trade turnover between Belarus and Moldova should double to hit $400 million. On July 12, the President of Moldova, Igor Dodon, arrived in Minsk on a working visit.

12.07.2017

2018 may be declared Year of Tourism in Belarusian-Chinese relations
2018 may be declared Year of Tourism in Belarusian-Chinese relations Belarus needs to tell the world about itself more bravely, said on July 11 the head of state. From year to year Belarusian-Chinese relations are growing stronger. Over 25 years of diplomatic relations, mutual trade has increased almost 100 times! The investment cooperation has been established: one of the key sites of the Silk Road will be the Chinese-Belarusian industrial park The Great Stone. Nine residents of the park are already registered.
Alexander Lukashenko: Russia can't easily refuse from Belarusian goods
Alexander Lukashenko: Russia can't easily refuse from Belarusian goods Belarus needs to tell the world about itself more bravely, said on July 11 the head of state. The main task of Belarusian diplomatic missions abroad is export. Over the five months the exports grew by 20%, and this is $2 billion. $1.7 billion came from sectors not related to raw materials. By the way, Russia accounts for more than 50% of that growth. As we can see, Russia remains the main trade and economic partner of Belarus. The regions of the two countries are not far behind. In general, in 2016 alone, Belarus was visited by more than 70 delegations.

11.07.2017

Alexander Lukashenko: European market vital for Belarus
Alexander Lukashenko: European market vital for Belarus The President of Belarus outlined the main priorities of Belarus' foreign policy and economy at a meeting on July 11. Addressing the participants of the foreign policy meeting Alexander Lukashenko stressed that today it is important to maintain positions both in the markets of traditional partners, including the EU, and find new arenas for Belarusian goods and services, including distant countries.
Belaruskali mines 1.5bn tons of ore
Belaruskali mines 1.5bn tons of potash ore Belarus has mined 1.5 billionth ton of potash ore. This happened in the mines of the Soligorsk enterprise, the flagship of the world potash industry. The previous record - 1 billion tons - was set 14 years ago. But for miners, each indicator is not just a figure; it is the result of daily and painstaking work. Lower and lower and lower: Soligorsk miners go approximately this way every morning reaching (unsurprisingly!) record heights! And today is a special day for them.

10.07.2017

Belarus, Germany, China to acquire Starobin potash reserves
Belarus, Germany, China to acquire Starobin potash reserves The largest corporations signed an agreement. It is a successful example of state-private partnership. The investments into the project are estimated at 2 billion dollars. It will be the second potash mining and producing plant in Belarus.
Alexander Lukashenko won first presidential elections exactly 23 years ago
Belarus President won first elections exactly 23 years ago 23 years ago, on 10 July, the incumbent head of state - Alexander Lukashenko - won the first presidential election in Belarus getting over 80% of the vote. The inauguration of the President of Belarus took place ten days later. Since that time, a new starting point in the sovereign history of our country has begun.
Belarus to supply meat to China: Agreement signed in Minsk
Belarus to supply meat to China: Agreement signed in Minsk More than 20 Belarusian enterprises got the right to export beef to China. The agreement on supplies was signed in Minsk by the Ministry of Agriculture of Belarus and the Main State Administration for Quality Control, Inspection and Quarantine of the People's Republic of China. The decision to open the market was made following a series of inspections conducted by Chinese specialists. The latter, by the way, ended two weeks ago.
Netherlands to open representative office of embassy in Belarus July 10, 2017
Netherlands to open representative office of embassy in Belarus July 10, 2017 Belarus is aimed at developing a bilateral dialogue with the Netherlands in all areas. This matter was discussed on July 10 at the Belarusian parliament. Early in the morning, Chairman of the House of Representatives of Belarus met with the Secretary General of the Ministry of Foreign Affairs of the Netherlands. The two sides exchanged views on some cooperation matters. The sides noted the positive dynamism of interaction along the lines of many ministries and departments.

09.07.2017

"It will be one of Belarus' breadwinners": Lithuanian view on Belarusian NPP
"It will be one of Belarus' breadwinners": Lithuanians on Belarusian NPP "Smart persons" try to exploit authoritative people and authoritative international forums but this old technique does not always work. The accusations of Lithuania over the construction of the Belarusian nuclear power plant have flown past the ears of US President Trump and the OSCE Parliamentary Assembly. Donald Trump flew to Poland this week as a warm-up before the first handshake with Vladimir Putin at the G20 summit. But this is another topic... During a visit to Poland, Trump met with some leaders of Eastern and Central Europe.
Alexander Lukashenko entrusts to simplify tax system
Alexander Lukashenko entrusts to simplify tax system The tax system of Belarus needs to be made simpler and more understandable. This was stated by President Lukashenko, when addressing tax service employees on their professional day. In the congratulations it is also emphasized that the wellbeing of people and the country depends a lot on the efficiency of tax services.
Minsk's Frunzensky District, Chinese Jilin sign trade and economic cooperation agreement
Minsk's Frunzensky District, Chinese Jilin sign trade and economic cooperation agreement The cooperation agreement of Minsk’s Frunzensky district and the Chinese city of Jilin was signed in Minsk. Artem Tsuran, head of Frunzensky district Administartion:We will first of all offer development of the investment potential of Frunzensky district, development of territories, different building projects, joint production projects as well.

07.07.2017

President visiting Vitebsk region July 7
President visiting Vitebsk region July 7 On July 7, the President of Belarus is making a working trip to the Vitebsk region. Here, Alexander Lukashenko is visiting a small town of Kopys, Orsha district. The focus is on the socio-economic development of the region, the improvement of the town as well as the work of local agricultural enterprises.
Belarusian-Ukrainian business forum to be held in Kiev in July
Belarusian-Ukrainian business forum to be held in Kiev in July The development of business contacts is on the agenda of a Belarusian-Ukrainian business forum.  The Ukraine capital Kiev will host a joint business event and a meeting of the Belarusian-Ukrainian Business Cooperation Council. The parties will sit at the negotiating table to exchange views on business issues and determine the current directions for cooperation. Now the countries are working on a portfolio of contracts. It is expected that the forum will result in beneficial deals and agreements.

05.07.2017

Tula Deputy Governor about popularity of Belarusian products
Tula Deputy Governor about popularity of Belarusian products The Union dialogue will be continued. After a fruitful day in Moscow, where the negotiations between the Presidents of Belarus AND Russia had just ended, experts of the two countries are summing up the results.

04.07.2017

Belarus adopts international IBAN account number on July 4
Belarus adopts international IBAN account number on July 4 On July 4, Belarus switched to the international structure of the IBAN account number. According to the new standards, the account will have 28 signs instead of 13. Now this approach is used in more than 70 countries to make it easier and faster to process international payments. Salaries, allowances and pensions will be received to the new account automatically.

03.07.2017

Alexander Rogachuk, head of Brest City Executive Committee
Brest Mayor on city development and 1,000th anniversary celebrations What has been done in recent years and what awaits Brest residents during the celebrations of the city's 1,000th anniversary? Brest Mayor Alexander Rogachuk has given an interview to our TV channel.

02.07.2017

"Politics is a good foundation for economic contacts": Prospects of Belarus-Vietnam relations
"Politics is a good foundation for economic contacts": Prospects of Belarus-Vietnam relations Balm ointment Zvezdochka is not news for Belarus: this product was bought from Vietnam long ago. Vietnam has long known tractors Belarus and motorcycles Minsk. What is news then? Dairy products in Vietnam will be made from Belarusian milk powder. And this revolutionary arrangement because the Vietnamese cuisine usually does not involve the use of milk. Belarus will also export rock haulers and even more potash fertilizers to Southeast Asia. And tourist flows will increase, of course...
President Lukashenko signs decree on state support of legal entities and entrepreneurs
President Lukashenko signs decree on state support of legal entities and entrepreneurs The sector of personal services in villages will get state support. Entrepreneurs will now be able to count on subvention when buying equipment, materials, building and refurbishing placements. The corresponding decree was signed by Alexander Lukashenko. Therefore, the state will invest into the improvement of life in villages. Not in every agro village today it is possible to repair shoes or domestic goods, or go to the hairdresser’s.
Alexander Lukashenko on Belarus’ positive economy development
Alexander Lukashenko on Belarus’ positive economy development Only a nation itself can be a creator of independence. It was stated by President Lukashenko at the solemn meeting dedicated to Independence Day of the Republic of Belarus. Hundreds of people are invited here. Senior officials, veterans, scientist and doctors. All those who contribute into the development of Belarus. Alexander Lukashenko emphasized in his speech that the strive of Belarus to live in its own house has always been an aim, which always gave strength and spirit. Special words of gratitude were addressed to veterans.

30.06.2017

President promises to turn Belarus into IT land
President promises to turn Belarus into IT land The presidents of Belarus and Russia took part in the plenary session of the 4th Forum of Regions of Belarus and Russia. The main themes of the annual event are innovative development and digital economy. The countries are determined to deepen cooperation in these areas.
Belarus, Russia consider cancelling roaming
Belarus, Russia consider cancelling roaming The 5th forum of regions will be held in Belarus, chairman of the upper house of the Belarusian parliament Mikhail Myasnikovich told media on June 30. It is proposed to create IT clusters in the border regions of Belarus and Russia. Moreover, the two countries consider cancelling roaming. Within a month, the Ministry of Communications and mobile operators might be able to do this.
High-tech among the main topics of Belarus-Russia IV Forum of Regions
High-tech among the main topics of Belarus-Russia IV Forum of Regions From cultural cohesion to economic ties: Moscow is hosting the IV Forum of Regions of Belarus and Russia. A significant package of agreements on cooperation was signed between our countries already on the first day of the event. First business contracts have already been signed. The enterprises of Belneftekhim were among the main newsmakers. Partnership agreements are worth more than $100 million. In general, this effect is expected to bring the Belarus-Russia Union State to new heights.
Belarus receives fourth tranche of EDB loan
Belarus receives fourth tranche of EDB loan The fourth tranche of the loan by the Eurasian Development Bank was transferred to Belarus. It's about $2 billion.  Taking into account this tranche, Belarus has already received $1.4 billion from the EDB.  The money goes to support economic policy measures and structural reforms in the country.

29.06.2017

4th Forum of the Regions of Belarus brings largest contract in three years
4th Forum of the Regions of Belarus brings largest contract in three years A package of agreements on cooperation between Belarus and Russia and the first contracts were signed on June 29 in Moscow during the Forum of Regions of Belarus and Russia. One of the most ambitious works was carried out by Belneftekhim enterprises. Partnership agreements worth more than 100 million dollars are concluded. In total there are 15 contracts. The majority of them provide for the supply of raw materials.
Valentina Matvienko: Economic integration between Russia and Belarus at high level
Valentina Matvienko: Economic integration between Russia and Belarus at high level The first contracts have already been signed at the IV Forum of the Regions of Belarus and Russia. The partners expect fruitful results from two days of the business forum. The potential package of agreements is estimated at $400 million. An exhibition of achievements in the innovation and scientific and technical sphere opened at the forum June 29. Dozens of samples of high-tech products are presented here, including in the field of electric transport and metallurgy. Belarusian innovations are combined at the exhibition in 14 clusters in several areas.
High technologies and innovations to be discussed at Belarus-Russia Forum of Regions
High technologies and innovations to be discussed at Belarus-Russia Forum of Regions The Belarusian delegation arrived in Moscow to participate in the 4th Forum of the Regions of Belarus and Russia. It will open on June 29 and last two days. Parliamentarians, representatives of leading enterprises, and businessmen will hold talks with their Russian counterparts. A package of contracts is ready for signing, it is estimated at $400 million. In 2017, emphasis is made on integration in the field of high technology and innovation. 

28.06.2017

Belarusian medication to be presented at Forum of Regions in Moscow
Belarusian medication to be presented at Forum of Regions in Moscow About a dozen of Belarusian pharmacological organizations will present their products at the fourth Forum of Region of Belarus and Russia. Russian colleagues will get acquainted with Belarusian products during the Days of Belarusian Science. These days are planned within the Forum of Regions.
Belarusian delegation arrives in Moscow for fourth Forum of Regions of Belarus and Russia
Belarusian delegation arrives in Moscow for fourth Forum of Regions of Belarus and Russia The Belarusian delegation arrived in Moscow, where it will partake in the fourth Forum of Regions of Belarus and Russia on June 28-29, 2017. The delegation is headed by the Chairman of the Council of the Republic of Belarus. Parliamentarians, representatives of leading enterprises, business circles will hold negotiations with Russian colleagues. A package of contracts is all ready for signing. It is estimated at 400 million dollars.
Refinancing rate to drop in Belarus from 19 July
Refinancing rate to drop in Belarus from 19 July On June 28, 2017 the National Bank of the Republic of Belarus announced that the refinancing rate is to drop once again. It will be the sixths decrease from the beginning of 2017. Stability on the currency market and, of course, low inflation, give the regulator a possibility to make such decisions.
Belarus offers Vietnam to partake in joint infrastructure projects
Belarus offers Vietnam to partake in joint infrastructure projects Belarus and Vietnam have chosen the way of economic integration. On June 27, the Presidents of Belarus and Vietnam held talks at the Palace of Independence. From the very first minutes of the meeting, the heads of state demonstrated their intention to develop cooperation. Interaction with South-East Asia is one of the priorities of Belarus, and here Vietnam occupies a special place. In its region, the official Hanoi is quite influential, and good relations with it open real prospects for entering the markets of the neighboring states.
Vietnamese interested in small tractors and buses from Belarus
Vietnamese interested in small tractors and buses from Belarus Vietnam plans to open a facility to produce Belarusian buses. According to preliminary estimates, this will bring about $50 million a year. It is planned that about 500 buses and other urban transport will be exported from Belarus to Vietnam. The partners came to such an agreement at a business forum that was held in Minsk as part of the official visit of Vietnamese President Trần Đại Quang to Belarus.
Belarus to supply 400 MAZ trucks to Vietnam
Belarus to supply 400 MAZ trucks to Vietnam Belarus' MAZ will supply 400 vehicles to Vietnam, and by the end of 2017 plans to establish a facility to jointly produce trucks.  On June 28 this project is discussed in Minsk after the Vietnamese businessmen had visited the MAZ enterprise. They are members of the delegation from Hanoi, who arrived in Belarus on June 27 together with the Vietnamese President.

27.06.2017

Belarus-Vietnam business forum held in Minsk
Belarus-Vietnam business forum held in Minsk Belarus-Vietnam business forum opened in The Palace of Republic. Presidents of Belarus and Vietnam took part in the opening ceremony. Joint Belarus-Vietnam plants in various sectors are to be created.
Belarus, Vietnam plan to create joint MAZ facility
Belarus, Vietnam plan to create joint MAZ facility Trần Đại Quang is in Belarus on an official visit. After the one-on-one meeting, the talks continued in an expanded format, with delegations from both countries taking part in the meeting. Alexander Lukashenko emphasized the importance of economic cooperation. The Belarusian side is ready to offer its projects in engineering, construction of urban infrastructure. There are also prospects in cooperation at the regional level. The Vietnamese side, in turn, noted the similarity of the positions of the two countries in the world arena and mutual support.
What will Belarus present at IV Forum of Regions of Belarus and Russia?
What will Belarus present at IV Forum of Regions of Belarus and Russia? On June 28, Belarus will demonstrate its export potential in Moscow. Almost 60 Belarusian producers will present their products at the fair, which will be the gateway to the IV Forum of Regions of Belarus and Russia, the annual economic event which aims to bring closer the regions of the two neighboring countries.
Belarus can rely on Angola in Africa, President Lukashenko says
Belarus can rely on Angola in Africa, President Lukashenko says Belarus is interested in expanding cooperation with the countries of Africa. One of the points of growth is Angola, a state in the southern part of the continent. Belarus President Alexander Lukashenko discussed cooperation with Angola on June 26 with the foreign minister of that country. One of the options is to create a plant to assemble Belarusian equipment in the vicinity of Luanda.
Will Belarusians earn $500 on average by end of 2017?
Will Belarusians earn $500 on average by end of 2017? The European Investment Bank will come to the Belarusian financial market. One of the key creditors of the Old World provides long-term loans for major government projects, as well as for small businesses. The agreement between Belarus and the EIB was ratified on June 26 at the House of Representatives. A few hours earlier in the Oval Hall, the Government answered questions of parliamentarians. The government reports to the parliament in Belarus on a monthly basis.

26.06.2017

President Lukashenko, Viktor Sheiman discuss production development
President Lukashenko, Viktor Sheiman discuss production development Production development in certain regions of Belarus was at the center of attention with the Chief of the Presidential Administration Viktor Sheiman. Reformation of the Machulishchi agricultural holding was looked into. Part of the assets was transferred to communal ownership. The left over plants will be modernized. One of the new directions is turkey meat production. The agricultural holding has a task to establish a closed cycle, which will include production, processing and the sale of the product.
Bus with free Wi-Fi launched in Vitebsk
Bus with free Wi-Fi launched in Vitebsk The first bus with free Wi-Fi has been launched in Vitebsk. Bus No26 offers free megabytes as part of a pilot project.  If the service is in demand, the entire passenger fleet of the city will be equipped with routers. The new service will not affect fares.

23.06.2017

President to make decisions on problems of national scale, Alexander Lukashenko says
Belarus President announces forthcoming measures to liberalize business climate Nationwide issues will be decided by the President with the participation of his Administration. On June 23, Alexander Lukashenko announced a new format. A serious conversation was announced which will touch on housing and communal services and agriculture. As Alexander Lukashenko stressed, the entire vertical of authorities must discuss the solution of the main problems with the participation of the President once a quarter.
Hungary will consider all proposals of Belarus on partnership development
Hungary will consider all proposals of Belarus on partnership development Belarus offers Hungary to develop cooperation in the banking, agro-industrial complex and nuclear energy. In all these areas, Belarus is ready to work on projects that are beneficial to both sides. On June 22, Belarusian government officials met with the Hungarian delegation to discuss economic relations. Prime Minister Andrei Kobyakov met with Hungarian Minister of Foreign Affairs and Foreign Trade Peter Szijjarto.
Slovak entrepreneurs interested in Belarus IT sector
Slovak entrepreneurs interested in Belarus IT sector Negotiations between the heads of the foreign affairs ministers of Belarus and Slovakia took place in Minsk. On the agenda is the whole range of partnerships. However, the key direction was trade and economic cooperation. In particular, the parties agreed to continue work on boosting trade, as well as facilitate the implementation of joint projects.
Each Forum of Regions increases Belarus' export by $250-300m, Mikhail Myasnikovich says
Each Forum of Regions increases Belarus' export by $250-300m, Mikhail Myasnikovich says Several new products of Belarusian electric transport, space vehicles, green technologies, as well as unique developments in the field of medicine will be presented at the specialized exhibition of the IV Forum of Regions. The event program was discussed on June 22 at the Council of the Republic, Belarus upper chamber of the parliament. About 60 Belarusian organizations will acquaint visitors with their products. In total, it is expected that about 600 people will take part in this meeting.

22.06.2017

Belynichy “Babushkina Krynka” dairy plant gives excursion for guest from Minsk
Belynichy “Babushkina Krynka” dairy plant gives excursion for guest from Minsk Belynichy “Babushkina Krynka” dairy plant gives excursion for guest from Minsk Medical, industrial and gastronomic tours can become popular in Belarus. It was discussed during the briefing day held in Belynichi on June 21, 2017. “Babushkina Krynka” dairy plant staff met with the CTV Director General Yuri Koziyatko.
Belarus expects contracts worth $400m after IV Forum of Regions with Russia
Belarus expects contracts worth $400m after IV Forum of Regions with Russia The leading producers of Belarus and Russia traditionally convene to agree on new projects during Forums of Regions, an economic and cultural event that serves as a starting point for new business deals and contacts. The proposals portfolio includes more than 50 cooperation agreements in 2017. Focus is now made on high technologies. Joint Belarusian-Russian innovation developments and youth projects will be presented at the forum's exhibition.

21.06.2017

Belarus’ 2016 surplus budget sums up to 1 BYN billion
Belarus’ 2016 surplus budget sums up to 1 BYN billion Belarus’ 2016 surplus budget sums up to 1 BYN billion The surplus budget of Belarus in 2016 summed up to BYN 1 billion. The package of bills on ratifying the report of the main state administration of budget was passed by the delegates of the House of Representatives on June 21, 207. It is necessary to say that 2016 was not an easy year for the economy. Amendments were made in process. In the end, the sustainability and the balance of the budget were preserved.
Expo-Russia Belarus 2017 opens in Minsk
Expo-Russia Belarus 2017 opens in Minsk Expo-Russia Belarus 2017 opens in Minsk More than 400 business negotiations are planned to be held during the Expo-Russia Belarus 2017. Minsk hosts the forum for the second time. In 2015 the two sides signed more than 60 contracts, the organizers of the current forum are planning to exceed the result.
Belarus, China sign cooperation agreements
Belarus, China sign cooperation agreements Minsk and Beijing are opening new horizons of cooperation – agriculture, innovations, tourism. A few agreements were signed today by the Minsk Department of the Belarusian Chamber of Commerce and Industry and the China Council for the Promotion of International Trade, and the China Association of Trade in Services as well. The documents were signed by representatives of the two countries at the business forum.
Belarusian goods can be ordered from Russia: delivery by mail takes 3-4 days
Belarusian goods can be ordered from Russia: delivery by mail takes 3-4 days The Belarusian national postal network has expanded the list of Internet services. Now Russians can buy Belarusian goods. The order takes a few minutes - from registering on the site to paying online with a bank card. A parcel to Moscow or St. Petersburg will arrive within 3-4 days. Among the most popular products ordered this way are Belarusian linen and textiles, footwear, bags, cosmetics, and toys.
How will Belarus liberalize business climate in 2017?
How will Belarus liberalize business climate in 2017? Belarus will further improve business climate in 2017, but make sure that unfair businessmen can be held accountable. To resolve these issues a working group was set in January 2017 up under the leadership of the Head of the Presidential Administration. During half a year, the specialists conducted large-scale work and prepared a package of normative legal acts. Among them is the Decree on the Development of Entrepreneurship and the Elimination of Excessive Requirements for Business.

20.06.2017

Minsk holds FAO forum
Minsk holds FAO forum To get over hunger on Earth. Being one of the leaders in the agriculture on the continent, Belarus is today at the centre of attention of the Food and Agriculture Organization of the United Nations. Scientists from 15 European and Central Asian countries gathered in Minsk. The experts of the organization are sure that Belarus’ experience will be useful for achieving sustainable aims of a civilization’s development. Walnuts now grow in the south of Belarus.

19.06.2017

MAZ develops buses with lifts for disabled wheelchair users
MAZ develops buses with lifts for disabled wheelchair users A suburban bus with a lift is being developed for wheelchair users at Minsk Automobile Plant. The model hasn’t rolled off the production line yet, hoever it already has a potential buyer. Moscow region is interested in the project. It is necessary to say that nothing like it is produced in the world. The plant’s development will be the first one like this and it may become a ternd in the sector of passenger transportation. What is more, MAZ is beginning the production of rural buses. The specialists have a few expluatation tests left to do.
UN's Raimund Jehle: Belarusian food products of high quality
Raimund Jehle: Belarusian food products of high quality Belarus and the UN Food and Agriculture Organization are planning cooperation in the field of scientific research. The ultimate goal is to improve the quality of nutrition of the world's population. Experts from 15 countries of Europe and Central Asia discussed the possible approaches to achieving these goals in Minsk on June 19. Leading scientists and specialists from Belarus took part in the forum.
Belarusian NPP launch discussed at Atomexpo on June 19
Belarusian NPP launch discussed at Atomexpo on June 19 Belarus and Russia’s agency Rosatom have agreed to invigorate work on the first power unit of the nuclear power plant in Ostrovets. Joint actions on launching the unit were discussed at the international forum Atomexpo, which opened June 19 in Moscow.
Belarusian ice cream to be exported to Russia, Israel, Canada and Georgia
Belarusian ice cream to be exported to China Santa Bremor will export Belarusian ice cream to a number of countries, including China. The first batch will go to that market as early as July 2017. By the way, in 2017 Belarusian ice cream was exported even to Canada. Israel and Georgia also love it. "Matias" in Belarus is actually "Santa Bremor". The company began fish business 19 years ago and conquered the world with it. However, now factories near Brest produce various products, including ice cream.
China to invest 50m dollars for building 22 residential houses in Belarus
China to invest 50m dollars for building 22 residential houses in Belarus As many as 22 apartment residential houses will be built in the regions and in Minsk with the help of Chinese investments. The foreign side will take all the costs. The total value of the projects is more than 50 million dollars. The money is allocated from the funds of the technical and economic aid, which is provided by the agreements between China and Belarus. One of the Chinese companies will be building the houses.
Belarus' Presidential Administration discussing modernization issues
Belarus' Presidential Administration discussing modernization of large enterprises How to accelerate, simplify and reduce the cost of building and modernizing large industrial facilities? This was discussed at a meeting of the Head of the Presidential Administration Natalia Kochanova with a team of the Belarusian petrochemical plant in Novopolotsk on June 16.

18.06.2017

EU sets entrance duties on Belarus’ steel bars for 5 years
EU sets entrance duties on Belarus’ steel bars for 5 years The EU is setting entrance duties on Belarusian steel bars. The OJSC “Belarusian Steel Works” is the only exporter of the steel products to the European market. Complaints against the plant were announced at the beginning of 2016. The complaints were about the plant increasing the export to the countries of the Old World for a price which is more than 1.5 times less than the market price.
Belarus to export ice-cream to China
Belarus to export ice-cream to China Belarusian ice-cream in China’s shops. The sweet delicacy will be exported to China by Belarus’ plant “Santa Bremor” for the first time. The first lot will be exported as early as July of 2017. The choice of ice-cream is wide, more than 50 kinds of the dessert- eskimo, fruit lollies, multilayer rolls.
Belkommunmash to sell 47 trolleybuses to Odessa
Belkommunmash to sell 47 trolleybuses to Odessa Belarusian trolleybuses will be seen in the streets of Odessa. Belkommunmash won the contract by tender on supplying Odessa with 47 trolleybuses. The total value of the contract is 8m euros. What is more, the Belarusian plant competed with rivals from the Czech Republic, Russia and Ukraine. The Belarusian variant turned out to be better quality and price wise.

16.06.2017

Scientists of Belarus and China seeking benefits on Silk Road
Scientists of Belarus and China seeking benefits on Silk Road Scientists of Belarus and China discussed practical steps to implement joint projects on June 15 in Minsk. The main theme of the meeting is the expansion of scientific, technical and humanitarian cooperation and the choice of the most successful model for the development of the economic belt of the Silk Road. Today the National Academy of Sciences of Belarus and the Chinese Academy of Social Sciences are implementing projects worth $4 million.
Stadler Minsk developing trains for Minsk subway
Swiss Stadler developing trains for Minsk subway Swiss trains for Minsk subway: the company "Stadler Minsk" will start making cars for the Minsk subway. The design office is already working on new cars. This project will become a starting point for entering foreign markets: the company has an opportunity to participate in tenders in all CIS countries.
Trade networks' role in Belarusian market increasing
Trade networks' role in Belarusian market increasing Fair competition was discussed on June 16 at the Ministry of Antimonopoly Regulation and Trade of Belarus. The ministry notes that trade networks are playing an increasing role in the Belarusian market. While in 2015, top ten leaders in food products occupied about 30% of the market, now their share is already 40%.

15.06.2017

Alexander Lukashenko suggests that Alfa-Group expand presence in Belarus
Alexander Lukashenko suggests that Alfa-Group expand presence in Belarus Belarus is interested in expanding the presence of the Alfa-Bank group on the market. June 15 this matter was discussed during the meeting of Alexander Lukashenko with the chairman of the board of directors of the banking group Pyotr Aven. The businessman said that his company's investment in Belarus already amounts to about $4 billion. The bank is financially stable, with profitability at around 10%.
Will Belarus become large supplier of snails in Europe?
Will Belarus become large supplier of snails in Europe? Snails do not tolerate heat and love wet weather. In general, the May 2017 in Belarus obviously pleased them, and that is why Belarus now has a lot of them. In general, Belarus can become the largest supplier of snails in Europe. In the last five years alone, Belarus has earned about 4 million euros exporting this delicacy.
World Bank praises implementation of projects in Belarus
World Bank praises implementation of projects in Belarus World Bank projects are implemented in Belarus at a high level and in a timely manner, said June 14 the head of the WB representative office at a meeting with MPs. A variety of initiatives have been supported. A new area is the resolution of economic management issues. The amount of financing provided by the World Bank is on the rise.

14.06.2017

Refinancing rate marked down to 13% in Belarus
Refinancing rate marked down to 13% in Belarus The refinancing rate has been marked down in Belarus. From now on it is 13%. The National Bank of the Republic of Belarus expresses stability on the currency market of Belarus in such a way. The decision was made taking into consideration the tendency in the economy, the increase of its external stability. It is the fifth mark down of the refinancing rate from the beginning of 2017.What is more, it makes loans for the people more accessible.
Belarusian agricultural exports increase nine-fold in 2017
Belarusian agricultural exports increase nine-fold in 2017 Egypt is the most active trading partner of Belarus on the African continent. The Belarusian Statistics Committee has published data on this export destination. The growth rate of the supply of Belarusian agricultural products has increased 9-fold as compared to the same period in 2016. Exports of meat and milk in 2017 exceeded half a million US dollars. Among the most popular export goods of Belarus to African countries are fertilizers, oil products and vehicles.
Belarus' Amkador-Semash: We will produce world-class agricultural machinery
Belarus' Amkador-Semash: We will produce world-class agricultural machinery One of the leading Belarusian enterprises for the production of machinery has presented its new holding company. Amkodor-Semash focuses on vehicles and units for agricultural producers. Today the holding company produces more than 700 different products. The main task is to master the production of the whole range of agricultural machinery.  The new plant is located in Dzerzhinsk (Dzyarzhynsk) and currently employs 80 people.

13.06.2017

Largest holding company producing agricultural machinery opens in Belarus
Largest holding company producing agricultural machinery opens in Belarus The largest holding company for the production of agricultural machinery has opened in Belarus. Already today it produces more than 700 various products. The main task in the near future is to master the production of the entire line of agricultural machinery, equipment and units that meet world standards. The company plans to create small-sized forklifts, sowing units as well as vehicles for forage harvesting and grain cleaning.
Vladimir Semashko: Belarus, Russia to hold talks on establishing single gas market
Vladimir Semashko: Belarus, Russia to hold talks on establishing single gas market Belarus and Russia will hold talks on creating a single gas market in the nearest time. It was announced by Vladimir Semashko, Belarus’ Deputy Prime Minister. It is known that the two countries signed a document which regulates gas issues for three years in 2017. The sides are now entering a new level. The functioning and forming of gas prices in the single market will be discusses at the meeting with Russian colleagues.
Passenger and cargo transportation market in Belarus to be liberalized?
Passenger and cargo transportation market in Belarus to be liberalized? Belarusian MPs have considered a number of matters regarding the liberalization of the passenger and cargo market. Among the main innovations is the possibility to use electronic information systems without hindrance.
Sberbank Russia may expand activities in Belarus
Sberbank Russia may expand activities in Belarus Alexander Lukashenko suggests that Sberbank of Russia expand the field of activity in the Belarusian market. The head of state said this on June 13 meeting with German Gref, the chairman of the board of this Russian bank. The negotiations were also attended by businessman Mikhail Gutseriev. The sides discussed the current state of affairs and new projects.
Days of Minsk held in Belgrade
Days of Minsk take place in Belgrade The Days of Minsk were held In Belgrade this week. Cooperation between Minsk and Belgrade was established in 2014. However, these days the role of direct cooperation between cities is more important than ever. In 2017, Minsk welcomed a delegation from Belgrade, and this week Minsk presented its potential in the heart of Serbia.

12.06.2017

Market maker bank established at JSC "Belarusian Currency and Stock Exchange"
Market maker bank established at JSC "Belarusian Currency and Stock Exchange" The first ever market maker bank appeared at Belarus’ currency exchange market. The certificate with No.1 was solemnly presented to the chairman of the executive board on June 12, 2017. A market maker is a participant of the market which guarantees trade settlement. It takes risks and is obliged to satisfy the requests of clients on the most advantageous terms. In such a way, it lets to support the liquidity of sales.
Negotiations on Belarus’ accession to WTO held in Geneva
Negotiations on Belarus’ accession to WTO held in Geneva Another round on Belarus’ accession to the WTO has come to an end in Geneva. The Belarusian delegation of diplomats and the Ministry of Economy specialists met with WTO representatives. According to the experts, Minsk carried out important work on ratifying different international trade agreements. All of this was done for the fully featured membership in the WTO.

09.06.2017

India, Pakistan join Shanghai Cooperation Organization
India, Pakistan join Shanghai Cooperation Organization Security and economic dimension. Alexander Lukashenko outlined the Belarusian priorities in the work of the Shanghai Cooperation Organization. Heads of states discussed topical issues in an extended format.
Ulf Shneider: Belarus can propel Common Economic Space
Ulf Shneider: Belarus can propel Common Economic Space The OSCE Secretary General emphasized the importance of Belarus’ chairmanship in the Central European initiative. The announcement was made at the large scale forum, which was initiated by Belarus, in Vienna on June 9, 2017. The main subject of discussion was migration and how it influences the economic climate. Meanwhile, chairmen of Commerce and Industry Chambers of the Central European Initiative discussed the ways of setting the Common Economic Space in motion from Vladivostok to Lisbon.
Pakistan might buy Belarusian agricultural technologies
Pakistan might buy Belarusian agricultural technologies Belarus will export bay food to Pakistan in 2017 worth one million dollars. The plans were discussed at the meeting with the delegation from Islamabad in Minsk. Pakistan is interested in establishing joint food processing plants and in buying Belarusian agricultural equipment. The partners are interested in the experience of Belarusian agrarians and the level of mechanization.
Belarus to present 45 scientific and technical developments at EXPO 2017
Belarus to present 45 scientific and technical developments at EXPO 2017 President Lukashenko was to take part in the opening ceremony of EXPO 2017 in Astana. A Belarusian pavilion is presented at the exposition. The visitors of the event have a possibility to see the latest Belarusian scientific developments, ecotranspaort, harvesters on gas fuel. The main peculiarity of the Belarusian pavilion is its interactivity.
MPs of Belarus and Israel discuss cooperation in economy, tourism
MPs of Belarus and Israel discuss cooperation in economy, tourism The road map for cooperation between Belarus and Israel needs further elaboration. This opinion was voiced today by Belarusian and Israeli MPs. The sides touched on a number of matters of mutual cooperation in economy, tourism, medicine and education. The main thing on the agenda of today is the increase in trade turnover.
CEI countries see prospects in "green logistics"
CEI countries see prospects in "green logistics" The joint efforts of the countries of the Central European Initiative will make it possible to remove barriers to commodity flows. The possible joint modernization of transport and logistics infrastructures, simplification of customs procedures was discussed in Minsk on June 8 during a CEI meeting. Representatives of 18 CEI countries, the Eurasian Economic Union, China and Lithuania see the prospects for future cooperation in implementing the principle of "green logistics" and "digital transport corridors".
Minsk, Belgrade hold business forum
Minsk, Belgrade hold business forum Days of Minsk continue in Belgrade. The central event on June 6 was the opening of a business forum that brought together more than 100 entrepreneurs from both countries. Valery Brylev, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Republic of Serbia:There are directions, areas where we can achieve a concrete result - this is engineering, Belarusian machinery. I would not forget about such directions as cultural cooperation, tourism, education because these are our immediate prospects.
IAEA: Belarusian NPP takes into account all aspects of security
IAEA: Belarusian NPP takes into account all aspects of security All aspects of safety at the Belarusian nuclear power plant are taken into account - from site selection and design to external interaction, reports the IAEA inspection team. The mission published the final report following their work in Belarus from 16 to 20 January 2017. The document says that the Belarusian side has appropriately analyzed possible external risks and adopted the necessary measures to ensure security.

08.06.2017

Belarus' participation in CEI open up prospects for new projects
Belarus' participation in CEI open up prospects for new projects The chairmanship of Belarus in the Central European Initiative will open a new page in the organization's activities, say representatives of the chambers of commerce and industry of 17 countries. The CEI meeting is taking place in Minsk. The development of infrastructure and industrial cooperation opens access to integration resources for implementing projects, solves transport problems and also facilitates the removal of barriers and restrictions. That is, it helps businesses to develop.

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