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Economy & business

19.10.2017

Economic cooperation between Belarus and Spain discussed in Minsk
Economic cooperation between Belarus and Spain discussed in Minsk Business circles of Belarus and Spain have identified priority areas for cooperation. The first meeting of the intergovernmental commission on economic interaction was held in Minsk. Among the main topics were energy, information technology, agriculture, transport and logistics.
Belarus National Bank rules out settlements in cryptocurrencies
Belarus National Bank rules out settlements in cryptocurrencies Payments in crypto-currencies for goods, works and services on the territory of Belarus is not being discussed in principle, said Chairman of the Board of the National Bank Pavel Kallaur on October 18. Mr Kallaur noted that other matters of legal regulation of the use of crypto currencies by financial institutions, enterprises and people are being considered by state bodies and the expert community.

18.10.2017

First meeting of intergovernmental commission on economic cooperation of Belarus and Spain held in Minsk October 18
First meeting of intergovernmental commission on economic cooperation of Belarus and Spain held in Minsk October 18 Business circles of Belarus and Spain have determined the priorities of cooperation. The first meeting of the intergovernmental commission on economic cooperation has been held in Minsk. Energy, IT, agriculture, transport and logistics-the projects in these directions are prioritized.
Inflation in Belarus at 2.7% in 2017 so far, the best figure in sovereign history
Inflation in Belarus at 2.7% in 2017 so far, the best figure in sovereign history On October 17, the Council of Ministers said inflation in Belarus was at 2.7% as of September 2017, which is the best figure in the sovereign history of Belarus. The government discussed the economic development of the country from January to September 2017. Real incomes of the population increased during the reporting period, however, the schedule for increasing salaries was not fully implemented.

17.10.2017

Pensions to increase by average of 5% in Belarus from November 1
Pensions to increase by average of 5% in Belarus from November 1 Labor pensions will increase in Belarus. The corresponding decree was signed by the President. As a result of recalculation, pensions will increase by 5% on average. Therefore, they will sum p to BYN 316 on average. Every payment increase depends on individual parameters. For instance, from the experience of work, bonuses and promotions. Belarusians will get new-tariff pensions in November.

16.10.2017

World Bank ready to finance population census in Belarus via internet
World Bank ready to finance online population census in Belarus Many participants of the trial population census in the Molodechno district are in favor of online questionnaire. Nearly 15 thousand people were questioned. Less than 2% refused the questionnaire, which is ideal according to international standards.
Big report about Cherepovets Metallurgic Plant
Big report about Cherepovets Metallurgic Plant Cherepovets is the largest city in the Vologda region in Russia. Ice hockey fans know it for the HC Severstal, which is a few positions ahead of HC Dinamo Minsk in the KHL. The Cherepovets Metallurgic Plant has been known since the ancient times. From the steel and cast iron produced here, 2000 Eiffel Towers can be built annually. And many times more of automotive equipment. It is not by chance that the building cluster of Belarus and Russia is being created in Cherepovets. The assembling line of Belarus tractors has been launched there last week.
Moscow residents spend RUB 1 million on Belarusian products during Days of Minsk
Moscow residents spend RUB 1 million on Belarusian products during Days of Minsk Moscow residents have spent 1 million rubles to buy Belarusian products in just a few days. Active trade was at the fairs of Belarusian goods, which were held in the Russian capital during the days of Minsk in Moscow. The results of the fair were summed up October 16 at the Minsk City Hall. Moscow residents never argue about the tastes of Belarusian food products, willingly buying dairy and meat products.  Every 10th kilogram of food in Moscow stores comes from Belarus.
"We are always waiting for you": Days of Minsk take place in Moscow
"We are always waiting for you": Days of Minsk take place in Moscow Moscow loves Belarusian goods... From sausages and shoes to songs of soul and beauty, for which Russians usually come to Minsk for weekends. The days of the Belarusian capital were held in Moscow. An exhibition of Minsk took place at the Museum of Moscow showing 950 years of the history of Minsk - from the sculptures of Zhbanov in miniature and the modern look of the city to the facsimile of the Radziwill chronicle and other rarities.
Food, agricultural machinery and cotton: The points of contact between Belarus and Azerbaijan in 2017
Food, agricultural machinery and cotton: The points of contact between Belarus and Azerbaijan in 2017 This week, the chairman of the Azerbaijani parliament strengthened the bridges between Minsk and Baku. President Lukashenko met with him. The Belarusian leader noted that he talked with Ilham Aliyev at the CIS summit in Sochi. Also, the talks between a delegation from Baku and the government of Belarus should be added to the most important events of this week.

12.10.2017

Belarusian woodworking presented in Birmingham
Belarusian woodworking presented in Birmingham These days, the export potential of Belarusian wood processing is studied by partners from Great Britain. Birmingham is hosting the largest specialized forum, where the Belarusian exposition features for the first time. After modernization of factories, Belarusian products meet all world standards and already have an impressive export geography. The British market is promising for Belarusian enterprises.  In 2016, the Kingdom alone purchased wood products from Belarus worth more than 6 billion euros. 
Belarus' Economy Minister goes to USA to meet with WB
Belarus' Economy Minister goes to USA to meet with World Bank The preparation of a new partnership strategy between Belarus and the World Bank will be discussed in Washington. Belarus' Minister of Economy Vladimir Zinovsky went on a working visit to the United States. In the coming days, the capital of the USA will host the annual meeting of the Board of Governors of the World Bank Group and the International Monetary Fund, in which the Belarusian side traditionally participates.
Flights from Azerbaijan to Belarus planned six times a week
Flights from Azerbaijan to Belarus planned six times a week An Azerbaijani delegation is now visiting Belarus. On October 11 the delegation met with representatives of the lower house of the Belarusian parliament. Here the parties agreed on cooperation in the Silk Road Support Group. The project was created during the 26th session of the OSCE Parliamentary Assembly in Minsk. The proposal was made by the Azerbaijani side. Belarus acted as co-founder of the Silk Road Support Group in this interparliamentary organization.

11.10.2017

Belarus, Azerbaijan to actively develop interregional cooperation
Belarus, Azerbaijan to actively develop interregional cooperation Belarus and Azerbaijan will actively be developing interregional development. This was discussed on October 11 in the Council of the Republic. Mikhail Myasnikovich met with his Azerbaijani colleague –the chairman of Milli Mejlis Ogtay Asadov. Political trust and trade-economic relations have been established between Belarus and Azerbaijan a long time ago. It is planned to expand industrial cooperation, so that it is possible to enter markets of other countries with Belarusian-Azerbaijani products.
Online booking of travel services in Belarus to be presented at “Moscow-Minsk" forum October 11
Online booking of travel services in Belarus to be presented at “Moscow-Minsk" forum October 11 The forum of business cooperation “Moscow-Minsk” will be held on October 11 in Russia’s capital. The participants are planning to discuss issues cooperation development of the two cities. Specialists will exchange experience in such sectors as energy usage reduction in housing stock, peculiarities of engineering and building metropolitan, organization of parking and transport scheme, restoration of the historic center, implementation of modern technologies when repairing and building roads.
Belarus President on working visit in Russia
Belarus President on working visit in Sochi The President of Belarus arrived in Russia on a working visit to attend the meetings of the Council of CIS Heads of State and the Supreme Eurasian Economic Council. The agenda of the CIS summit is rich. As many as 17 issues are due to be discussed. The presidents will talk about cooperation in the Commonwealth space, improvement of the activities of the CIS Interparliamentary Assembly and its adaptation to contemporary realities. On the same day, the session of the Supreme Eurasian Economic Council will take place in Sochi. 

10.10.2017

Andrei Kobyakov: Financial improvement is foreseen for 35 agricultural organizations
Andrei Kobyakov: Financial improvement is foreseen for 35 agricultural organizations How to restore paying capacity and deal with creditors. The fate of problematic agricultural organizations was discussed in the Council of Ministers on October 10.
Electricity tariffs to go down in Belarus
Electricity tariffs to go down in Belarus Tariffs for electricity in Belarus will decrease, said Deputy Prime Minister of Belarus Vladimir Semashko at the opening of a forum dedicated to energy and ecology. In this direction, Belarus carrying out systematic work. On the one hand, the country focuses on the modernization of facilities, on the other on reducing the cost of resources.
Vladimir Makei: Belarus urges to focus on economic component of CIS
Vladimir Makei: Belarus urges to focus on economic component of CIS On October 10, foreign ministers prepared draft documents to be submitted to the heads of CIS countries for consideration. Sochi hosted a meeting of the Council of Ministers of Foreign Affairs of the CIS countries. The main topic of the talks, as expected, was the improvement of the CIS activities and the adaptation of the Commonwealth to modern realities. Also during the meeting, the humanitarian agenda was considered, or rather, interaction in the areas of youth policy, sports and tourism.
Belarus counts on France's ties with Africa exporting agricultural equipment
Belarus counts on France's ties with Africa exporting agricultural equipment Belarusian agricultural equipment will be presented in Paris on October 10. The embassy of Belarus in France invited to a meeting of representatives of 60 foreign companies that have access to the African market. Delivery of Belarusian equipment may be secured by banks, which act as financial guarantors of the transactions.
Belarusian agricultural machinery presentation due in Paris October 10
Belarusian agricultural machinery presentation due in Paris October 10 Belarusian agricultural equipment wants to "conquer" Champs Elysees. A presentation of the achievements of Belarusian engineering will take place in Paris on October 10. The decision to create a large-scale exposition was achieved by the Embassy of Belarus in France following the meeting of Ambassador Pavel Latushko with the Deputy Director of the Continental Europe Department of the French Foreign Ministry Rafael de Lagarde. 

09.10.2017

Alexander Lukashenko signs decree on craftsmanship development
Alexander Lukashenko signs decree on craftsmanship development Even less barriers in development of agroecotourism. The popular business in villages is receiving new possibilities. Now presentations, anniversaries and banquets are allowed to be held at farmsteads. Guest houses can also be built without changing the juridical status of the land. The novelties are introduced by the President’s decree. On October 9, 2017 Alexander Lukashenko signed a document which expands the list of craft activities.
Food products in Belarus are excellent, Russians say
Food products in Belarus are excellent, Russians say The taste of Belarusian milk, butter and cheese is well known in 10-million Moscow. Next week the Russian capital will host the Days of Minsk, with Belarusian fairs to be held in Moscow. Mogilev breeders have already brought their calves. Here you will also see houses for youngsters of Belarusian origin. The taste of Belarusian milk is familiar to visitors of the exhibition without tasting.

08.10.2017

Stable forecast: Standard & Poor’s agency increases Belarus’  long-term credit rating to  level B
Stable forecast: Standard & Poor’s agency increases Belarus’ long-term credit rating to level B The international agency “Standard & Poor’s” increases the long-term sovereign credit rating of Belarus to level B, and at the same time preserving the stable forecast.
Alexander Lukashenko gives indications to reconstruct local roads in Belarus
Alexander Lukashenko gives indications to reconstruct local roads in Belarus In all the times, many countries fed on their geographical position, being on the important route “from the Varangian’s to the Greeks” or on the Great Silk Way (by the way, this way, which is being revived by China, looks very promising for Belarus).

07.10.2017

President Lukashenko on quality of local roads
President Lukashenko on quality of local roads The quality of local roads must be raised to the level of republican ones. This task was set by Alexander Lukashenko on October 6 during a working visit to the Slutsk district. Today, 20,000 kilometers of the regional roadway needs to be restored and reconstructed. In April 2017 the President gave indications to analyze all the possible ways of building roads and to get acquainted with international experience in this sector.
Council of Ministers prepares amendments for decree on financial rehabilitation of Belarusian agricultural plants
Council of Ministers prepares amendments for decree on financial rehabilitation of Belarusian agricultural plants Andrei Kobyakov, Prime Minister of the Republic of Belarus: It is high time to take reasonable measures on a whole range of projects on improving agricultural plants without any harm. Additional normative ensuring is necessary.
Belarusian scientists to create  import-substituting additives for building and repairing roads
Belarusian scientists to create import-substituting additives for building and repairing roads Belarusian scientists are to create import substituting additives for building and repairing roads. The substance is imported from abroad today. The Belarusian development of modern building materials will allow saving up to 15% of the technology usage value.
Belarus’ Foreign Ministry, National Academy of Sciences sign cooperation agreement
Belarus’ Foreign Ministry, National Academy of Sciences sign cooperation agreement The mutual action plan will be developed by diplomats and scientists. On October 6, 2017 The Ministry of Foreign Affairs and the National Academy of Sciences signed a cooperation agreement. The agencies are planning to unite forces for solving such topical issues for Belarus as in trade and economic sectors, for instance. Humanitarian sector is another area of cooperation.

06.10.2017

Belarus's gold and foreign exchange reserves exceed $7.2bn
Belarus's gold and foreign exchange reserves exceed $7.2bn The gold and currency reserves of Belarus have hit the four-year maximum, exceeding 7.2 billion US dollars.  The positive dynamism is primarily due to the loan from the Russian government in the amount of $700 million, as well as receipts from export duties on oil and oil products. Over 9 months of 2017, the country's gold reserve grew by more than $2.3 billion, an increase of almost 1.5 times.
Belarus President on quality of local roads
Belarus President on quality of local roads The quality of local roads must be raised to the level of republican ones. This task was set by Alexander Lukashenko on October 6 during a working trip to the Slutsk district. Today, 20,000 kilometers of the regional roadway needs restoration and reconstruction. 7,000 will be repaired in 2018. New technologies will be used, which means that road workers need more modern machines. In this regard, the President instructed Belarusian industrial enterprises to expand the line of road construction equipment.
Belarus, Venezuela intend to significantly boost cooperation in the next 2 years
Belarus, Venezuela intend to significantly boost cooperation in the next 2 years Belarus and Venezuela intend to significantly increase cooperation in the next two years. This is the result of the negotiations held in the Palace of Independence by Alexander Lukashenko and the President of the Bolivarian Republic. The parties considered the widest range of issues of trade and economic cooperation - in the field of oil production and processing. There is an interest in building another five agro-towns along the Belarusian model.

05.10.2017

Belarus tests basalt as raw material in agriculture: yield growth recorded
Belarus tests basalt as raw material in agriculture: yield growth recorded Basalt will be used in agriculture in Belarus. A new raw material was tested by several farms and growth of productivity was marked. In addition, basalt is a raw material for the production of building materials and mineral fibers. Belarusian geologists discovered the basalt deposit for the first time. Its reserves in Pinsk district are estimated at 30 million tons. Now the geological services are focused on the detailed exploration of the deposits, after which it will probably be possible to start mining raw materials.

04.10.2017

Over 8 million tons of grain harvested in Belarus
Over 8 million tons of grain harvested in Belarus The harvest of 2017 turned out to be better than in 2016. The harvesting of grain legumes has finished completely. The last hectares of panic grass and buckwheat are still to be harvested. Despite the weather, the total harvest increased by 10% thanks to the sensible approach of the agrarians. As a whole the grain yield increased by two hundred kilograms per hectare. Belarusian agrarians have harvested eight million tons of grain in total.
Transport and Logistics Fair-2017 kicks off in Minsk
Transport and Logistics Fair-2017 kicks off in Minsk The reconstruction of large motorways Minsk-Grodno and Minsk-Mikashevichy will be finished by 2019. The second runway will be built at Minsk National Airport by that time as well. What is more, the cooperation in air between certain companies will begin earlier than that. These issues are being discussed at the Transport and Logistics Fair, which kicked off in Minsk on October 3.
Russia buys two thirds of Belarusian medications
Russia buys two thirds of Belarusian medications Russia buys to thirds of the medications Belarus exports. And that is despite the neighboring market being oversaturated. However, the distributors buy Belarusian medications, because they have price advantages and a good quality.
Brazil would like to benefit from Belorusneft technologies
Brazil would like to benefit from Belorusneft technologies Belorusneft is welcome to Brazilian market. Already in 2 years the turnover from the sales of services - seismic and drilling - to that country will be about $100 million. The increase in exports on October 4 was the main topic of the meeting of honorary consuls of Belarus with representatives of Belarusian enterprises.

02.10.2017

Belarus President visits Kuhchitsy farm
Belarus President visits Kuhchitsy farm to inspect autumn field works They say bread is the staff of life. The harvest campaign in Belarus is a good confirmation of this wise proverb. The President of Belarus and the media are closely monitoring the matter. The total harvest in 2017 is to be 10 million tons. Almost all the cereal has already been harvested. Potatoes are called the second bread in Belarus. Harvesting of root crops was one of the topics during Alexander Lukashenko's working trip to the Minsk region.
Belarusian MPs considered optimizing oil supplies to Belarus
Belarusian MPs vote for optimizing oil supplies to Belarus The new legislative season is open today in Belarus. Deputies of the lower house of parliament started work in the morning. At the moment, parliamentarians voted to amend the law "On the National Academy of Sciences." The amendments give the Academy the right to elect honorary members foreign citizens who have made a significant contribution to the development of science.
Belarusian parliamentarians open new legislative season: Economic bills top priority
Belarusian parliamentarians open new legislative season: Economic bills top priority The new law-making season starts in Belarus on October 2. Autumn sessions are opened by both Houses of the Belarusian Parliament. Today my colleague Anastasia Ivannikova works in the Oval Hall. She is now live from Independence Square. What will the deputies do today? Anastasia Ivannikova, CTV:The deputies have already gathered in the Oval Hall. The third session of the House of Representatives of the sixth convocation has started its work. About 30 documents have been prepared for consideration.

01.10.2017

President Lukashenko visits "Kukhchitsy" farm in Kletsk District
President Lukashenko demands faster autumn harvesting works The next year in agriculture will be the year of farming efficiency. Such indications were given by Alexander Lukashenko during his working visit to the Minsk region.

30.09.2017

Alexander Lukashenko gives indications to concentrate on farming efficiency in 2018
Alexander Lukashenko gives indications to concentrate on farming efficiency in 2018 Alexander Lukashenko gave instructions to make 2018 the year of farming efficiency in agriculture. On September 29, 2017 Alexander Lukashenko visited the Kletsk district in the Minsk region. The necessity of concentrating on amelioration and crop-engineering works, the issue of reclamation of the territories of former farms were discussed during the visit.

29.09.2017

Belarusian Development Bank to receive $60 million for small and medium business
Belarus Development Bank to get $60m for small and medium business The Board of Directors of the World Bank approved another loan secured by the guarantee of the Belarusian government on September 29. After the global economic crisis, private enterprises find it increasingly difficult to attract financing, especially if they need long-term loans.  The new project not only involves the allocation of credit money, but also contributes to the development of the financial sector, as well as to the growth of employment in Belarus.
Alexander Lukashenko instructs to intensify autumn field work
Alexander Lukashenko instructs to intensify autumn field work Alexander Lukashenko set a task to intensify autumn field work on September 29 as he visited the Kletsk district. Currently, the harvest of cereals and leguminous crops is coming to an end, while harvesting of vegetables, potatoes and corn continues. In addition, winter crops are being sown. The works is set to complete by October 4. There are certain difficulties with this in the Vitebsk region. Meanwhile, it is extremely important to observe the terms of work, Alexander Lukashenko said.
Belarus plans to increase trade with Novosibirsk region
Belarus plans to increase trade with Novosibirsk region Belarus expects a qualitatively new level in its relations with the Novosibirsk region of Russia. Details of cooperation on September 27 were discussed at a meeting between the Prime Minister of Belarus, Andrei Kobyakov, and the governor of the Russian region, Vladimir Gorodetsky. Now the mutual turnover exceeds $200 million, but the parties are ready to increase it more than twice. Belarus expects to increase the supply of machinery; there are prospects in the construction industry and the joint production of innovative products.

28.09.2017

EBRD considers Belarus very promising country
EBRD considers Belarus very promising country On September 28, an investment forum opened in Minsk. About 500 people from 30 countries are taking part in it. These are businessmen, representatives of the financial, industrial sector, consulting companies and the IT sector. Interest in Belarus as a promising investment platform is high. The government assesses the chances of attracting Western European capital to Belarusian banks as quite high.

27.09.2017

How do Belarusian agrarians dig, store and deliver potatoes to markets?
How do Belarusian agrarians dig, store and deliver potatoes to markets? It’s time to dig, sort and fry: potato harvesting is in full swing. The north of the country has already done half of the work. The harvest promises to be good, despite the problematic summer of 2017. Sunny days allow the agrarians o do work in the fields. Mikhail Bulatov planted potatoes on 50 acres of land and dug 5 tons in a couple of hours- the combine harvester was provided by the collective farm, where a mechanization specialist works. For three weeks the man has been harvesting potatoes from the collective farm’s fields- 60 tons in one shift.
State Control Committee assesses losses in leather industry
State Control Committee assesses losses in leather industry The State Control Committee has informed about the inefficient usage of leather materials by state organizations. Processing figures decreased after the modernization of the sector and the main focus is made on the export of skin and half products. The material returns to the country later on in a finished condition. It leads to the fact that shoe-making plants and furniture manufacturers bear significant loses.
Refinancing rate to decrease by another 0.5%
Refinancing rate to decrease by another 0.5% The refinancing rate of the National Bank of the Republic of Belarus is to decrease once gain. Minus 0.5% from October 15. This step is a reaction to the slowdown of inflation processes in Belarus. This is the eighths decrease of the refinancing rate from the beginning of 2017. At the moment the refinancing rate is 11.5%. This important figure influences not only the accessibility of funds of the real economy sector, but for all Belarusians as well. As a result, loans in banks will become more accessible.
Humaid Mohamed Ben Salem: We're impressed by technologies in Belarus
Humaid Mohamed Ben Salem: We're impressed by technologies in Belarus United Arab Emirates are interested in Belarusian milk, meat and cereals. In H1 2017 alone, Belarus exported agricultural products to the Emirates worth almost half a million U.S. dollars. This is 10 times more than in 2016. Now talks are underway on the supply of poultry meat, dried and concentrated milk, as well as butter. Details of contracts on September 27 were negotiated in Minsk.
Key documents on business liberalization presented to Belarus President
Key documents on business liberalization presented to Belarus President Maximum self-regulation with minimal government intervention. Yesterday, Deputy Prime Minister Vasily Matyushevsky presented to Alexander Lukashenko two key documents that are designed to unleash the business initiative.
Belarusian agrotourism, crafts and tax consultants: what to be changed after Alexander Lukashenko signs Decree 337
Belarusian agrotourism, crafts and tax consultants: what to be changed after Alexander Lukashenko signs Decree 337 Just go 20 km from Minsk and you will find a unique place with cozy wood houses, alcoves and recreation zones. Sergei Mikhailov, the owner of this farmhouse, showed our camera crew around. Sergei Mikhailov, owner of a farmhouse:Guests like taking pictures and chill here very much.
Decree simplifying public catering and consumer services comes into force in Belarus
Decree simplifying public catering and consumer services comes into force in Belarus It will be more profitable to work in the countryside in Belarus. The decree "On the development of trade, catering and consumer services", signed by the President on Friday, was published on the national legal portal on September 26. So it has already entered into force. From this day, restrictions on alcohol trade are lifted. Now you can sell it not only in shops, regardless of their area, but also in mobile shops. The main condition is to obtain permission from the local authorities, indicating the range, as well as the route of the store on wheels.

26.09.2017

President Lukashenko to Alan Duncan: We will create the most convenient and beneficial conditions for business
President Lukashenko to Alan Duncan: We will create the most convenient and beneficial conditions for business Alexander Lukashenko is offering Great Britain to invest into Belarus more actively. This was discussed at the meeting with the Minister of State for Europe and the American Affairs Alan Duncan. This was his first visit to the Republic of Belarus. Despite the rare political contacts, the economic cooperation of Belarus and Great Britain is dynamically developing. The trade circulation summed up to 1.5 billion dollars this year.
Key documents on business initiative liberalization submitted to President Lukashenko ё
Key documents on business initiative liberalization submitted to President Lukashenko Maximum self-control with minimum involvement of the government: the Vice Premier of Belarus Vasily Matyushevky presented two key documents to the President on September 26, which are to liberalize the business initiative.
Number of licensed activities in Belarus to be reduced
Number of licensed activities in Belarus to be reduced The Belarus head of state has reviewed a decree that concerns licensing. The number of licensed activities will be reduced. The list will now include only those that are associated with the threat or harm to society, the state, the environment of life or human health. Vasily Matyushevsky, First Deputy Prime Minister of the Republic of Belarus:The head of state asked the question: "Why can licenses be terminated only by a court decision?" And we paid a lot of attention to this. In general, our arguments are as follows:

25.09.2017

BelAZ awards its best employees
BelAZ awards its best employees The export of BelAZ-the largest manufacturer of dumping trucks in the world- has nearly doubled. The year hasn’t finished yet, however, the plant has already reached the figures of the previous year. Before the Day of machine builders, the best workers of the BelAZ pant were awarded in Zhodino. The plant also had an open day, everyone who wished to could see how the plant works.
Housing and utility issues discussed at meeting with Belarus Premier
Housing and utility issues discussed at meeting with Belarus Premier How to lower the tariffs on water, save on heating and utilize rubbish? The main issues of residential and municipal maintenance were discussed on September 22, 2017 at the meeting with Belarus’ Prime Minister. There are enough of question in the housing sector. For instance, the way of saving on heating at a mini Thermal Power Plant was discussed. The facility was modernized not so long ago. As a result, the plant is now using local types of fuel- mainly chippings and wood. It helped to cut down the costs on electricity.

24.09.2017

Amkodor to branch out into nine new models in 2017
Amkodor to branch out into nine new models in 2017 By the end of 2017, the Belarusian company Amkodor, the largest manufacturer of road construction, municipal equipment and agricultural machinery in the CIS, will begin the construction of three plants. One enterprise will be built in the agrotown of Kolodishchi and two hydraulic factories will appear in Kobrin and Gomel.
Belarus’ Customs Chairman reports on customs service results
Belarus’ Customs Chairman reports on customs service results The increase of Belarus’ transit attractiveness and creation of convenient conditions for business in 2017 allowed to increase the budget contribution by nearly 250 million dollars more than in 2016.
Belarus to sell 460 tractors to Azerbaijan before 2018
Belarus to sell 460 tractors to Azerbaijan before 2018 Belarusian tractors will be sent to Azerbaijan. As many as 460 tractors will be exported there before the end of 2017. By the way, more than one thousand tractors have been exported to Azerbaijan in the nine month of the current year. A joint tractor assembling plant is working in Gyandzha. Tractors are used not only on the internal market, but are also sold to third countries. First supplies to Turkey are planned in the nearest time.

23.09.2017

Alexander Lukashenko demands to avoid unnecessary business checks
Alexander Lukashenko demands to avoid unnecessary business checks How to make the work of business more convenient? The emancipation of the business initiative was discussed on September 22, 2017 in the Palace of Independence. This time Alexander Lukashenko met with Leonid Anfimov, the chairman of the State Control Committee. The decree, prepared within the package of documents on business development, was discussed at the meeting.

22.09.2017

Customs authorities must focus on automation at the border, Belarus President says
Customs authorities must focus on automation at the border, Belarus President says The Belarusian customs performs 100% of the forecasted figures for replenishing the country's budget. In 2017, the amount of payments to the state treasury is $249 million more than in the same period in 2016. The head of the customs committee, Yuri Senko, reported about this to Alexander Lukashenko on September 22. The cited figures are now just a forecast, but it is based on the current state of economy.
More targeted inspections needed instead of planned ones, says Belarus President
No unnecessary checks of businesses, Belarus President demands It is necessary to abandon unreasonable checks of businessmen. President Alexander Lukashenko set such a task on September 22 hearing out a report of the chairman of the State Control Committee, Leonid Anfimov. The officials discussed the decree which was prepared as part of a package of documents on the development of entrepreneurship and the liberalization of business activity in Belarus.
Small-sized municipal vehicles may appear in Minsk
Small-sized municipal vehicles may appear in Minsk Small-sized municipal vehicles can appear in Minsk courtyards in the near future. The first prototype will be presented by the end of 2017. The novelty is universal and indispensable at any time of the year. Some vehicles are small enough to easily maneuver between cars and in narrow spaces. This will allow cleaning snow in yards more efficiently.
Tax advisers to appear in Belarus by 2019
Tax advisers to appear in Belarus by 2019 In 2 years, tax consultants will appear in Belarus. They will help business and tax authorities to find a common language faster.

20.09.2017

It’s not cold in winter and not hot in summer: How Belarusian builders win over Europeans
How Belarusian builders conquer European market To build a house with a window to Europe: Brestzhilstroi enterprises keep on entering new foreign markets. Brest builders are already building a house in Gdansk. A special branch was opened for this purpose in Poland. The Belarusian building giant is going to stay at the Baltic coastline for long. That’s why Belarusians are working on getting a European certificate.
State Forensic Examination Committee employees take oath September 20
State Forensic Examination Committee employees take oath September 20 New employees are in the State Forensic Examination Committee. The solemn ritual of taking the oath took place in the Museum of the Great Patriotic War on September 20, 2017. Interestingly, there are four girls among the 20 recruits. All of them took special courses, during which they visited the scenes and export reports were made. The lieutenants of justice spoke the words of loyalty to motherland and the people for the second time, the officers took the oath for the first time before the studies at universities.
Record spring rape yields in Belarus in 2017
Record spring rape yields in Belarus in 2017 The southern regions of Belarus have already coped harvesting spring rape and works in the north of the country are also nearing completion. Forecasts regarding the harvest have confirmed - this year it is record high. Press cake is a by-product, but for farms this is the main product, since it's a good animal feed. Seeds are squeezed under a press at a certain temperature. Production is automatic.
Bruzgi logistics center now uses transit-free technology of cargo registration
Bruzgi logistics center now uses transit-free technology of cargo registration The logistics center in Bruzgi was the first in Belarus to apply the transitless technology of cargo registration. The experiment at the international border crossing point has proved successful.

19.09.2017

Prospects of Belarusian automotive industry discussed in Minsk September 19
Prospects of Belarusian automotive industry discussed in Minsk September 19 Experts think that the future of Belarusian machine building is with the intellectual technologies.
Council of Ministers discusses readiness for heating season
Council of Ministers discusses readiness for heating season More than 80% of consumers have already received certificates of readiness for the autumn-winter working period, and the modernization of boiler houses must be finished in 2017. The process of getting ready for the heating season was discussed in the Council of Ministers on September 19, 2017. At the beginning of the year there were 14 boiling houses with an exceeded level of fuel and energy usage. The modernization is planned to be finished in the next few months, however, one problematic facility remains in the Mogilev region.
President Lukashenko reviews decrees on handicraft activities improvement, agroecotourism development in Belarus
President Lukashenko reviews decrees on handicraft activities improvement, agroecotourism development in Belarus President Lukashenko supported the idea to grant agroecotourism farms rights to provide additional services. On September 19, Alexander Lukashenko considered the draft decrees on improving handicraft activities and developing agroecotourism in Belarus.
Belarusian plants must reconsider distribution network management abroad
Belarusian plants must reconsider distribution network management abroad This was stated by the Prosecutor General of the Republic of Belarus on September 19, 2017. According to Alexander Konyuk, the organizations themselves do not control their partners enough, therefore external receivables have occurred, the total of which is more than half a billion dollars. The ways of solving the problem have been discussed on September 19. Workers of the Prosecutor’s Office, representatives of the Ministry of Industry and leading manufacturers of Belarus were at the negotiating table.
Belarus President: We must not lose control in economy
Belarus President: We must not lose control in economy The Belarus President supported the proposal to grant agroecotourism farms rights to provide additional services. On September 19, the head of state reviewed draft decrees aimed at improving handicraft activities and developing agroecotourism in Belarus. In addition, it is proposed to increase the role of the Council for the Development of Entrepreneurship in the regulation of economic relations.
IAEA will continue to assist Belarus in building nuclear power plant
IAEA will continue to assist Belarus in building nuclear power plant Readiness to support Belarus in NPP construction was confirmed today by the general director of the agency Yukiya Amano at a meeting with the Ambassador of Belarus to Austria Elena Kupchina and Deputy Minister of Energy of Belarus Mikhail Mikhadyuk. The conversation took place in Vienna. The 61st session of the IAEA General Conference opened in the Austrian capital yesterday. The most authoritative organization in the field of nuclear energy gathers stakeholders to consider strategic issues and hold scientific discussions. 

18.09.2017

New data center in Minsk expected to bring $2 million in profit soon
New data center in Minsk expected to bring $2 million in profit soon The largest data center in Belarus was opened in Minsk. This high-tech platform is designed for hosting servers of various companies and renting virtual resources. The complex occupies an area comparable to five football fields. Its network boasts a record speed - 1 terabit per second. Experts argue that the launch of the complex will help create an internal cloud market, export services abroad and reduce the state's expenses for the development of the IT sector.

16.09.2017

Andrei Kobyakov visits free economic zone “Minsk”
Andrei Kobyakov visits free economic zone “Minsk” The currency earnings of the plants in the free economic trade zone “Minsk” is to sum up to one billion dollars. The financial and economic indicators of the business-production platform were at the center of attention on September 15, 2017. Andrei Kobyakov got acquainted with the work of the science-intensive and high-tech residents of the free economic zone.
Belarus interested in constructive dialogue with international business community, Premier Kobyakov says
Belarus interested in constructive dialogue with international business community, Premier Kobyakov says Belarus is interested in a constructive dialogue with the international business community.
9th Belarusian-Pomeranian economic forum: joint ventures now on the cards
9th Belarusian-Pomeranian economic forum: joint ventures now on the cards Minsk Region is expanding cooperation with Pomeranian Voivodeship. A delegation from Gdańsk has been welcomed in the Minsk Regional Executive Committee for the 9th Belarusian-Pomeranian economic forum. Minsk Region has been in contact with the Polish region for a long time –  a partnership agreement was signed seven years ago. Representatives of 16 companies visited Belarus in 2017. Their purpose was to learn more about economic and investment potential of the region.

15.09.2017

Taxation and sanitary reforms in Belarus to stimulate business initiative
Tax reforms in Belarus to stimulate business climate expected by October 2017 The business in the countryside will be provided with tax preferences and the list of activities that can be led on the declarative principle will be expanded. Moreover, tax advisers will appear in Belarus.
9th Belarusian-Pomeranian economic forum: joint ventures now on the cards
9th Belarusian-Pomeranian economic forum: joint ventures now on the cards Minsk Region is expanding cooperation with Pomeranian Voivodeship. A delegation from Gdańsk has been welcomed in the Minsk Regional Executive Committee for the 9th Belarusian-Pomeranian economic forum. Minsk Region has been in contact with the Polish region for a long time – a partnership agreement was signed seven years ago. Representatives of 16 companies visited Belarus in 2017. Their purpose was to learn more about economic and investment potential of the region.
Suma Chakrabarti: EBRD to invest in Belarus 200m euros
Suma Chakrabarti: EBRD to invest in Belarus 200m euros Belarus aims to more actively cooperate with the European Bank for Reconstruction and Development. This was discussed on September 14 at the meeting of Alexander Lukashenko with the head of this financial structure Suma Chakrabarti. The President noted that Belarus and the EBRD follow a common goal and are trying to find the most effective mechanism for using state property. But there are other points of contact too.

14.09.2017

Alexander Lukashenko: No grounds for price growth in Belarus
Alexander Lukashenko: No grounds for price growth in Belarus There are no grounds for price growth in Belarus, said President Alexander Lukashenko on September 14, agreeing on the appointment of new leaders of local authorities. The Belarus President stressed that the heads of district executive committees will now have more powers, for example, during the harvesting campaign, but their responsibility also increases.
New charging stations for electric cars appearing in Belarus
New charging stations for electric cars appearing in Belarus Development prototypes of electric charging stations were created in Mogilev. Two models are already working in a test mode but they will be soon installed in the city. Today the world trend of electric cars is still an innovation for our country. There are about 200 electric vehicles in Belarus. The number of charging stations for them is even fewer. But enthusiasts are sure that this is only the beginning.
Belarus counts on EBRD support for small businesses in Belarus
Belarus counts on EBRD support for small businesses in Belarus Belarus aims to more actively cooperate with the European Bank for Reconstruction and Development. Possible projects were discussed at the meeting of Belarus President Alexander Lukashenko with the head of that financial structure Suma Chakrabarti.
Indian businessman: We chose Belarus because of geographical proximity to Europe
Indian businessman: We chose Belarus because of geographical proximity to Europe Agreements in the field of education, scientific and technical cooperation, a memorandum in petrochemicals and a protocol in agriculture. The third visit of the President of Belarus to India has turned out to be rich and very productive. Before that, Alexander Lukashenko visited that country in 1997 and 2007. Over the last 10 years it has changed a lot. It's no wonder that now is a completely new page in the history of relations. The focus will be made on investments. Here Belarus has a special approach.

13.09.2017

Belarus, China to produce engines in Great Stone Industrial Park
Belarus, China to produce engines in Great Stone Industrial Park Joint production of engines will be established by Minsk Automobile plant and a Chinese company in the Great Stone Industrial Park. The building of the plant is planned for the nearest two years. The power of it is up to 20 thousand engines per year. It will allow to satisfy the necessities of Belarusian producers of cargo, passenger, special and agricultural machinery. A document on mutual cooperation was signed at the Council of Ministers on September 13, 2017.
EU to allocate 6 million euros to support small businesses in Belarus
EU to allocate 6 million euros to support small businesses in Belarus The Ministry of Economy signed an agreement with the European Bank for Reconstruction and Development on September 13. The money will go for small businesses so they can compete with large producers, thereby increasing the contribution to the economy of the country. Some points of the program provide for the financing of job creation activities.
Belarus may sign memorandum with EBRD on improving SOE management
Belarus may sign memorandum with EBRD on improving SOE management Perfection of the system of state enterprises management is a pressing issue in Belarus. The draft document on this matter has been approved by the government. The instrument will form the basis for negotiations with the European Bank for Reconstruction and Development. The memorandum is not final: amendments will be made as necessary. The head of the European Bank for Reconstruction and Development is currently visiting Minsk.
Refinancing rate in Belarus down to 11.5% from September 13
Refinancing rate in Belarus down to 11.5% from September 13 Bank loans will become more affordable. Belarus has again reduced the refinancing rate, for the seventh time since the beginning of 2017. From September 13, this financial indicator will equal 11.5% per annum. This decision of the National Bank takes into account the positive economic trends and the stability of the Belarusian financial and credit system.
Unemployment in Belarus decreasing for 5 consecutive months
Unemployment in Belarus decreasing for 5 consecutive months The number of unemployed in Belarus has been decreasing for five consecutive months. Now their number is 29,600 people. This is less than last month, by 1,500. The number of vacancies in employment centers is also decreasing. Meanwhile, about 30,000 new jobs were created in the country in H1 of 2017. Most of them are in the Brest and Grodno regions. The unemployment rate in Belarus is 0.7% and it regularly decreases.
Customs procedure simplifications in EEU discussed in Brest
Customs procedure simplifications in EEU discussed in Brest The new Code is new business opportunities. In Brest officials discussed the customs mechanisms that will work in the Eurasian Economic Union (EEU) countries from the beginning of 2018. The Belarusian side also contributed to the new customs legislation.

12.09.2017

Indian Premier about  prospects for business, investments in Belarus
Indian Premier about prospects for business, investments in Belarus India and Belarus are to expand cooperation in oil and gas sector. A package of documents on cooperation of the two counties was signed on September 12, 2017 in New Delhi. The Belarusian Potash Company and MTZ have signed agreements as well. These are the preliminary results of Alexander Lukashenko’s visit to India. Negotiations with the President of India are ahead. The sides will discuss further development of Belarus-India relations and cooperation in the format of Eurasian integration.
 Great Stone Industrial Park to have trade unions
Great Stone Industrial Park to have trade unions The corresponding decree has been signed by the President. Primarily, such a document is necessary to protect the social and economic rights of the employees. The Great Stone Industrial Park is developing; as many as 34 companies are there. It is planned that a whole city with a residential area and industrial zone will appear on the 205 square kilometers in the future. The new document supplements the decree on the activities of political parties and trade unions and comes into force from the moment of signing.
Belarus and India could cooperate in healthcare and medical tourism, Vice Premier of India says
Belarus and India could cooperate in healthcare and medical tourism, Vice Premier of India says Belarus intends to contribute to the development of India. At the meeting with the Vice-President of India, Belarusian leader Alexander Lukashenko expressed his desire to switch to economic specifics in the Belarusian-Indian relations.

11.09.2017

India to cooperate with Orsha Linen Mill
India to cooperate with Orsha Linen Mill Before the arrival of President Lukashenko in India, a grand Belarusian-Indian business forum is being held in New Delhi. Memorandums, agreements and contracts worth dozens of millions of dollars have been signed. 10 agreements signed during Belarusian-Indian business forum
Valery Malashko about Belarus-India cooperation in pharmaceutic sector
Valery Malashko about Belarus-India cooperation in pharmaceutic sector Cooperation in the pharmaceutic sector was discussed at the Belarusian-Indian forum in New Delhi. It will allow decreasing the price on some medication on the Belarusian market. Joint pharmaceutic production lines are planned to be established in Belarus this year. During the main part of the forum as many as 10 agreements were signed between Belarus and India.
Belarus to export first combine harvester trial models to India in September
Belarus to export first combine harvester trial models to India in September Memorandums, agreements and contracts worth dozens of millions of dollars, establishment of joint production plants of dumping trucks, cargo vehicles and tractors are in the prospect. The Belarusian-Indian business forum is being held in New Delhi on September 11, 2017. The forum gathered representatives of dozens of companies.
10 agreements signed during Belarusian-Indian business forum
10 agreements signed during Belarusian-Indian business forum The Government of Belarus promises support for joint projects with India. During the main part of the business forum, the partners concluded 10 agreements: in healthcare, tourism, agriculture, and mining. In 2016, the bilateral trade amounted to about $400 million. This is far from the figure that countries count on, since the potential is much greater. Now the parties are working to achieve a turnover of $1 billion in the near future.

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