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Economy & business

16.09.2015

Vladimir Semashko, Deputy Prime Minister of the Republic of Belarus
Belarusian woodworking enterprises now process 100% of timber Enterprises of the woodworking industry of Belarus now process 100% of timber. The next step will be the modernization of furniture production. This is part of a plan Belarus adopted earlier. Its goal is to switch to supplies of exclusively finished products instead of raw wood. In 2016, Belarus plans to put into operation new companies. This will allow taking available niches on the Belarusian market and then abandoning the purchase of imported cardboard and pulp.
Bruzgi customs checkpoint begins large-scale modernization
Bruzgi customs checkpoint begins large-scale modernization Simpler border crossing, but a more reliable barrier to smuggling. The customs checkpoint "Bruzgi" has launched a large-scale modernization. Plans include introduction of an electronic queue, more traffic lanes and the construction of a modern logistics center.  Truck driver from Vitebsk Dmitry Sochnev was planning to spend several hours at the Belarusian-Polish border. But in reality the procedures took less time than expected.

15.09.2015

New oil deposit in Gomel region brings 25 tons of black gold per day
New oil deposit in Gomel region brings 25 tons of black gold per day An oil deposit has been discovered in the Gomel region. Geologists have found an additional half a million tons of "black gold" in the territory, which seemed to be 100% explored. Now works are underway to arrange the well and begin commercial extraction. Specialists expect 25 tons of so-called light oil. The internal structure of the earth is a bit like a double cake. To find hydrocarbon filling among hard formation one needs not only knowledge, but also certain luck.
Over 120 agreements worth $100m to be signed at II Forum of Regions in Sochi Uniform industrial policy will be one of the main themes of the second Forum of Regions. The meeting will be held in Sochi this Friday and Saturday. The upcoming forum of regions in Sochi will be the second such event in the history of Russia and Belarus. It will bring together businessmen at the highest level who will discuss common commercial policy and find new points of contact. More than 80 leading enterprises of Belarus will present their products at a large-scale fair of Belarusian and Russian producers.
Minsk to ship MAZ trucks to Dushanbe as humanitarian assistance
Minsk to ship MAZ trucks to Dushanbe as humanitarian assistance Minsk will deliver humanitarian assistance to Dushanbe in the form of MAZ trucks. This decision was made by President Alexander Lukashenko, said on September 14 Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan Olga Gavruk. According to her, when Tajik partners become better acquainted with Belarusian technologies, cooperation in this area will increase dramatically. The diplomat also noted the active development and cooperation in the field of education.

14.09.2015

Belarus to host General Assembly of International Electrotechnical Commission in October 2015
Belarus to host General Assembly of International Electrotechnical Commission in October 2015 Belarus for the first time will host a session of the General Assembly of the International Electrotechnical Commission. Leading experts of one of the oldest non-governmental organization of the world will gather in Minsk in October. They set standards in all areas related to technological progress: electrical engineering, electronics, communication technology, green energy, and energy efficiency. In world trade, their share is about 20% of the turnover.
Belarusian nuclear power plant presented in Vienna
Belarusian nuclear power plant presented in Vienna An exposition of the Belarusian nuclear power plant was presented on September 14 in Vienna. The Austrian capital is hosting the 59th session of the General Conference of the International Atomic Energy Agency. The national exhibition of Belarus attracted special attention. Our country is implementing nuclear projects domestically for the first time in history. The main purpose of the exhibition is to present show the world the progress of Belarusian nuclear energy program.
Boost to Belarusian potash industry: Russia building new processing complex near Starobin potassium salt deposit
Boost to Belarus' potash industry: Russia building new processing complex near Starobin potassium salt deposit Belarus launches a large-scale project. A mining and processing complex will be erected near the Starobin potassium salt deposit. On September 11, there was launched the construction of the company that is expected to further strengthen the positions of Belarus in the global potash market. Last Friday, the Belarus President laid a capsule at the site of the future plant and talked with locals.

13.09.2015

CTV hosts, journalists visit Mogilevliftmash elevator maker
CTV hosts, journalists visit Mogilevliftmash elevator maker TV hosts, journalists and top management of the CTV channel visited the Belarusian elevator maker Mogilevliftmash. From the beginning to the end of the meeting photo shutters did not silence - the CTV team gladly took photos near Mogilevliftmash products. Mogilev-made elevators can be found in almost every building in our country. Now the company exports over 50% of its products abroad. In addition, Mogilevliftmash has recently extended its product range. It branched out into producing escalators!
International exhibition Euroregion Neman opens in Grodno
International exhibition Euroregion Neman opens in Grodno Representatives of more than a hundred companies from Belarus, Russia, Poland, Lithuania and China met in Grodno on September 11. Here works the international exhibition-fair "Euroregion Neman". The economic forum will allow guests to get acquainted with the potential of the Grodno region. There are no restrictions on areas of activity.
Moldova on the brink of disaster: 1 billion euros - more than half of the budget - disappears from banking system
Moldova on the brink of disaster: 1 billion euros - more than half of the budget - disappears from banking system Thousands of people took to the main square of Moldova but they don't really understand why. Moldova is alarmed by political and economic and in particular by the fact that $1 billion may disappear without a trace from the banks. Our special correspondent Oleg Romanov had just returned from Moldova. Protester:Pensioners don't have money to buy bread. Pupils do not have enough textbooks and money for breakfasts. Honest people are poor people in this country. You come here to do selfies while Moldova is dying.
Pavel Kallaur, chairman of the Belarus National Bank
Chief of Belarus National Bank Pavel Kallaur about exchange rates, loans and foreign exchange reserves India! China! Russia! Small Belarus has many big friends. Belarus is affected sometimes by their great successes and big problems! For example, Belarusian money weakened after decline in oil prices and Russian ruble rate. We will talk about the exchange rates, loans, gold reserves and financial risks of Belarus with the chairman of the National Bank. Pavel Kallaur is in the studio of Picture of the World with Yuri Koziyatko. Yuri Koziyatko, host of "Picture of the World": Hello, Mr Kallaur!

10.09.2015

CTV Channel meets with Minsk Meat Packing Plant's labor collective
CTV Channel meets with Minsk Meat Packing Plant's labor collective Television goes to its viewers! The CTV channel continues a press tour dedicated to the 15th birthday of the TV channel and the beginning of the new television season. This time the CTV's presenters and top management met with the 150,000-strong labor collective of the Minsk Meat Packing Plant. 
EXPO 2015 in Milan: Belarusian pavilion among top ten most memorable and visited
EXPO 2015 in Milan: Belarusian pavilion among top ten most memorable and visited The pavilion of Belarus became the centre of attraction of visitors to the world exhibition EXPO 2015 on September 9. The National Day of Belarus at the Milan exhibition was marked by demonstration of Belarusian dishes and Belarusian artists' concert. The official delegation of Belarus at the Expo is headed by the Prime Minister.
Minsk Day marked at EXPO 2015 in Milan September 10
Minsk Day marked at EXPO 2015 in Milan September 10 The Day of Minsk is celebrated at the World Exhibition in Milan. EXPO 2015 presents trade and economic, industrial, innovation, tourism opportunities of the Belarusian capital. Yesterday, EXPO 2015 hosted the day of Belarus. Now a large government delegation is in Italy. During talks they focus their efforts on the expansion of trade and economic cooperation. 2014 was a record year for Belarus and Italy in terms of turnover, which exceeded $2 billion.
Belarusian MPs may adopt public-private partnership bill during autumn session
Belarusian MPs may adopt public-private partnership bill during autumn session The law beneficial for the state and profitable to business. Belarusian MPs expect to pass the bill "On public-private partnership" already during the forthcoming autumn session. The would-be law will fully regulate the balance of interests and the risks of raising funds for infrastructure projects. Private investors, who invest in objects will be able to get this money back from the budget during 15-20 years after construction. During this time, the state will significantly reduce maintenance costs for the investor.

09.09.2015

Expo 2015: Belarus' governmental delegation on a visit to Milan
Expo 2015: Belarus' governmental delegation on a visit to Milan The Wheel of Life was started. The World Exhibition EXPO 2015 in Milan is celebrating the National Day of Belarus. Greetings, ceremonial raising of the Belarusian and Italian flags - such was the beginning of the ceremony. On this occasion, Milan was visited by a large government delegation, headed by the Prime Minister of our country, Andrei Kobyakov. This year, taking part in the exhibition are the record number of countries - 145.  This forum has been dubbed the most ambitious. Today, the Belarusian pavilion was the center of its gravity.
Anastasia Ivannikova, CTV correspondent
Belarus National Day due September 9 at World Expo 2015 in Milan Belarusian business and investment attractiveness will be discussed September 9 in Italy. The World Exhibition in Milan will host the National Day of Belarus. Participating in this important image building event will be the Belarusian delegation headed by the Prime Minister. The discussion will focus on the possibilities and prospects of Belarus in the light of its membership in the Eurasian Economic Union. In addition to this business conversation an extensive cultural program will be held.
CTV channel meets staff of footwear company Marko
CTV channel meets staff of Vitebsk-based footwear company Marko The CTV channel continues to travel around Belarus. Today we are in the cultural capital of the country - Vitebsk - where the channel representatives are scheduled to meet with the labor collective of the footwear company Marko. Vitebsk can be rightly be considered the center of the shoe industry of Belarus.  After all, the brand Marco is famous not only in Belarus but also in Russia, Kazakhstan and other countries. On the eve of the CTV's anniversary, the channel, together with pop stars, visited Marko's exhibition hall.
Mayor Sinisa Mali offers Minsk to participate in modernization of Belgrade's trolleybus fleet
Mayor Sinisa Mali offers Minsk to participate in modernization of Belgrade's trolleybus fleet Mayor of Belgrade Siniša Mali is on a visit to Minsk. The Serbian side has come with specific cooperation proposals. After seeing Belarus' developments, the mayor of the Serbian capital made a specific proposal - to participate in the modernization of the entire trolleybus park of Belgrade, which is scheduled for early next year.

08.09.2015

Alexander Lukashenko: We can get 7 billion from China whenever we want to implement our projects
Alexander Lukashenko: We can get 7 billion from China whenever we want to implement our projects The floating exchange rate, consumer prices and the use of Chinese loans... These matters were among those Alexander Lukashenko today discussed with the chairman of the National Bank, Pavel Kallaur. The National Bank chief spoke about the situation in the financial sector. August was not the easiest month for the economy. At this time, Belarus was affected by external factors - the decline in world oil prices and the weakening of the national currencies of Belarus' major trading partners - especially in Russia. 
Eurasian Intergovernmental Council signs two international agreements September 8
Belarus signs two international agreements at Eurasian Intergovernmental Council meeting in Grodno Economic and financial stability within the Eurasian Economic Union (EEU) was discussed on September 8 in Grodno, Belarus. Now the meeting of the Eurasian Intergovernmental Council continues there. Premiers of Belarus, Armenia, Kyrgyzstan, Russia and Kazakhstan have gathered at the negotiating table. 
Eurasian Intergovernmental Council underway in Grodno September 8
Eurasian Intergovernmental Council underway in Grodno September 8 Economic and financial stability within the Eurasian Economic Union (EEU) was discussed on September 8 in Belarus' Grodno. The city is hosting the Eurasian Intergovernmental Council meeting today. The Belarusian delegation is headed by Prime Minister Andrei Kobyakov.   The agenda includes matters of coordinated industrial policy, the development of relations with foreign partners and international organizations, and the formation of a single market for services.

07.09.2015

Pranab Mukherjee and Alexander Lukashenko in Minsk in July 2015
Indian delegation visiting Minsk 7 September An Indian delegation are on a visit in Minsk September 7. In the afternoon the Indian Minister of Commerce and Industry will hold talks with the head of the Council of the Republic of Belarus, the upper chamber. The nations reached a new level of cooperation after the recent visit of the President of India to Belarus during which several documents were signed. They concerned taxation, finance, standardization and information support. 
Single air transfer system to be introduced in Eurasian Economic Union
Single air transfer system to be introduced in Eurasian Economic Union It will be easier to travel with changes in international airports of Eurasian Economic Union member states. The Eurasian Economic Commission adopted a decision to introduce a uniform system of air transfer. Passengers will no longer have to re-register luggage in their transit city. Now this will be done by the carrier. Airports of Russia, Armenia, Kyrgyzstan, Kazakhstan and Belarus will move to a new system of work by the middle of autumn 2015.
CTV channel visits Vitebsk as part of large-scale media tour of Belarusian companies
CTV channel visits Vitebsk as part of large-scale media tour of Belarusian companies The CTV channel continues its media tour around Belarus on the eve of his 15th anniversary. TV presenters hand out autographs and hold competitions and stage performances finding time to talk with audience about new projects and people's preferences. Those who yesterday welcomed the audience all over the country from the TV screen today met with people face to face. The CTV channel staff met with workers of the Vitebsk region's major shoemaking holding company.

06.09.2015

How are Chinese economy and Belarusian ruble crisis connected?
How are Chinese economy and Belarusian ruble crisis connected? China has formed a middle class that can afford to travel the world, buy nice cars, and luxury property. China's economy is being reformed to acquire consumer nature and has slightly slowed down. Worldwide effect was evident: the fall in oil prices.  It affected Belarus too. This is how expert this is how the community of experts assesses the situation.

03.09.2015

Belarus, Greece discussing possibility of setting up fur joint venture
Belarus, Greece discussing possibility of setting up fur joint venture Belarus and Greece are discussing the possibility of establishing a fur coat joint venture. This will allow Belarusian producers to expand both quantitatively and qualitatively. Minsk hosted a show of fur coats made in by Belarusian designers.
$4 billion of foreign capital invested in Minsk-based companies in H1 2015 Investors in the capital are the most interested in the service sector. Overall, more than 4 billion US dollars of foreign capital has been invested in Minsk-based enterprises in H1 2015. The major investors are Russia, the UK and the Netherlands.
Leonid Anfimov, Chairman of the State Control Committee of the Republic of Belarus
Belarus will not allow 'price bacchanal', State Control Committee says The State Control Committee at the request of the President of Belarus is carrying out a large-scale monitoring of prices of goods and services against the background of possible inflation expectations in Belarus.  The head of the committee, Leonid Anfimov, said September 2 that various state authorities have recently received complaints from citizens who are concerned about the possible increase in prices for goods and services. The situation with the pricing is being studied not only in big cities but also in regional centers and rural areas.
Achievements of Belarusian academic science on display in Minsk
Achievements of Belarusian academic science on display in Minsk From nanotechnology to advanced developments. Minsk is hosting an exhibition-fair of achievements of academic science. The exhibits include machinery, experimental models, prototypes and medical technology. One site features more than five hundred projects. This is just a small part of the results of the work of the Academy of Sciences. The main purpose is to promote achievements and to attract potential customers.
Delegation of Slovak National Council arrives in Minsk
Delegation of Slovak National Council arrives in Minsk Minsk and Bratislava. Officials from Slovakia and Belarus met in Minsk 3 September to review bilateral cooperation. The Slovakian delegation represents the National Council of the Slovak Republic. MPs held a number of meetings and visited leading Belarusian enterprises. In addition to the dialogue on the inter-parliamentary level the sides are planning to implement joint projects in the field of investment and economic cooperation.

02.09.2015

Belarus wants inflation less than 10% by 2017
Belarus wants inflation at less than 10% by 2017 Belarus plans to achieve one-digit level of inflation by 2017, reads an anti-inflationary program approved by the joint decision of the Cabinet of Ministers and the National Bank of Belarus No733/17 as of 31 August 2015, BelTA learned from the press service of the Belarusian government.

01.09.2015

Premier Kobyakov gives lecture for BelAZ students on Knowledge Day
Belarus' Premier gives lecture for BelAZ students on Knowledge Day On the Day of Knowledge students of one of the capital's engineering schools attended an unusual lesson. It was held in the territory of the industrial giant. Acting as the professor was the Belarusian Prime Minister. Mr Kobyakov told the schoolchildren about his professional career, which began with the work of a master at a factory. He also stressed that the prestige of working professions raises every year. BelAZ alone employs about 200 young professionals annually.

31.08.2015

Alexander Lukashenko's working visit to Brest region: review
Alexander Lukashenko's working visit to Brest region: review The President's visit to the Brest region last week placed all socio-economic priorities and answered the most rapid and current issues in the country: from harvesting company news to currency issues.  The President reminded agrarians of the region and the entire country that iron discipline in agriculture is an integral part of the success of agricultural production. In addition, an old enterprise for the production of fabrics in Baranovichi got a second life and now employs more than one thousand people.
Ukraine runs risk of energy crisis
Ukraine runs risk of energy crisis Ukraine faces an energy crisis. Due to the fact that Donbass mines have stopped working, the country is running out of coal. Now, Ukraine has to buy fuel in Africa.  The government has warned the public about the increase in utility tariffs. The Ministry of Energy has compiled an hourly schedule of power outages in the winter.
Vadim Iosub, senior analyst of the company "Alpari"
Alpari analyst on the reasons for Belarusian ruble's fall The TV program Week talked to the senior analyst of the company Alpari Vadim Iosub on the deeper causes of the fall of the Belarusian ruble. 

28.08.2015

Alexander Lukashenko: If we survive this year, the next one will be easier
Alexander Lukashenko: If we survive this year, the next one will be easier Alexander Lukashenko continues his working trip in the Brest region. The President was reported on the progress in grain and forage crops harvesting. Mr Lukashenko ordered to crop corn not for grain but for fodder preparation (where appropriate). Today, the agricultural complex Belovezhsky is a unique enterprise, which monitors production of meat and milk from farm to store shelves. It employs more than a thousand people. Alexander Lukashenko talked to the workers of the complex, and answered their questions.
Trade Ministry considers stable situation with prices in Belarus
Trade Ministry considers stable situation with prices in Belarus The Trade Department said the situation with prices in Belarus is under control. Currently there are no preconditions to introduce additional measures in order to restrain shop's appetites. However, the Trade Inspection does not stop the monitoring of facilities and is checking whether unjustified overstatement of the value of goods is taking place.
Alexander Lukashenko: Management is number 1 issue during next five years
Alexander Lukashenko: Management is number 1 issue during next five years The Belarus President continues a working trip to the Brest region. Alexander Lukashenko visited the Kamenets district on August 28. The head of state got familiar with the operation of the Belovezhsky agrarian complex and dairy farms, which had been attached to it. On the President's instruction, the farms were reconstructed. It doubled the production of milk.
National Bank building in Minsk
Experts note positive developments in foreign exchange market in Belarus Experts note positive changes in the currency market of Belarus. According to them, oil prices have been going up several days in a row. Accordingly, the Russian ruble is strengthening. This, in turn, affects the Belarusian national currency.
President Lukashenko continues working trip to Brest region
President Lukashenko continues working trip to Brest region The Belarus President continues his working trip to the Brest region. Alexander Lukashenko on August 28 will visit the Kamenets district to get familiar with the course of fulfillment of his instructions to restore order on the farms of the former agricultural production co-operative "Sovetskaya Belorussiya".  The head of state will also visit the engine yard "Belovezhsky". It is expected that the President will be reported on the completion of the harvesting of grain and fodder and the socio-economic development of the Brest region.    
Belarus President about state's economic policy amid financial turbulence in the world
Belarus President about state's economic policy amid financial turbulence in the world Alexander Lukashenko was on a working trip to Brest region today. On 27 August, the President visited Baranovichi Cotton Production Association. It is the largest textile manufacturer in Belarus. The company received such a status thanks to modernization, which was quite quick here. Today the company launched a unique fabric processing system.

27.08.2015

Mikhail Mikhadyuk, Deputy Minister of Energy of the Republic of Belarus
Macroeconomic problems in Russia have no effect on Belarusian NPP construction The macroeconomic situation in Russia has not affected the schedule of works on the construction of the Belarusian nuclear power plant. Payments to all organizations engaged in the construction of the station are made in Russian rubles. Procurement and supply of equipment are on schedule, too. This was announced during a briefing on the safe development of nuclear energy and non-proliferation regime.
President Lukashenko urges labor groups to exert themselves to survive in difficult external economic conditions
President Lukashenko urges labor groups to exert themselves to survive in difficult external economic conditions Alexander Lukashenko urges labor groups to exert themselves to survive in a difficult external economic environment. The president today said this during a dialogue with the labor collective of the Baranovichi cotton production association. The situation in the world economy is not easy and it affects Belarus. But these difficulties can be overcome, and already in 2016 we can expect the situation to improve, said the President.
Alexander Lukashenko: Belarus will not set artificial exchange rate
Alexander Lukashenko: Belarus will not set artificial exchange rate Belarus will not set artificial the exchange rates, stated on 27 August President of Belarus Alexander Lukashenko during the dialogue with the labor collective of the Baranovichi cotton production association. The Head of State familiarized himself with the modernized business. The company purchased new equipment, and built its own small CHP.

26.08.2015

New oil field discovered in Belarus, Minister of Natural Resources and Environmental Protection Andrei Kovkhuto says
New oil field discovered in Belarus A new oil field has been discovered in Belarus. This was announced today by the Minister of Natural Resources and Environmental Protection, Andrei Kovkhuto, during a press conference dedicated to the 55th anniversary of the system of environmental protection in Belarus. "Another field, considerable field, has been discovered in Belarus. Now we are estimating its reserves. This is the Shatilkovskoe deposit, which is located in the Pripyat depression," he explained.
Price control in Minsk strengthened
Price control in Minsk strengthened Price controls have been strengthened in Minsk. The reason for this were complaints of unfair buyers to sellers. Some stores, especially those operating over the Internet began to rewrite price tags amid fluctuations in the currency market. For instance, this applies to imported household appliances. Now inspectors of the Minsk City Executive Committee will monitor the pricing of trade organizations, eateris and other services. At the beginning, speculators will be only fined but repeated violations may lead to the temporary closure of the violator.
Pakistan wants to conclude free trade agreement with Eurasian Economic Union
Pakistan wants to conclude free trade agreement with Eurasian Economic Union Pakistan is interested in signing a free trade agreement with the Eurasian Economic Community (EEU). Pakistani Prime Minister Nawaz Sharif stated this in an interview with the Kazakh newspaper "Express K" during an official visit to Astana.

25.08.2015

Banks in Belarus do not intend to impose currency exchange restrictions
Banks in Belarus do not intend to impose currency exchange restrictions Banks in Belarus do not intend to impose restrictions and are ready to provide exchange offices with currency. This was stated by representatives of the largest banks of the country. On August 25 they, along with the experts of the National Bank, as well as economic experts gathered to discuss the situation on the currency market.
First meeting of Belarusian-Omani business council to be held in Minsk August 25
First meeting of Belarusian-Omani business council to be held in Minsk August 25 Businessmen from Oman are interested in cooperation with Belarus. August 25 Minsk will host the first meeting of the Belarusian-Omani Business Council.  During the meeting the sides will discuss the possibility of expanding cooperation between the states. Businessmen from Oman would like to cooperate in the field of financial services and investment, the production of heavy machinery, electronics and renewable energy. Among the priority areas are also mining and processing of oil and gas. 
UAE consider Belarus as partner in Mars exploration
UAE consider Belarus as partner in Mars exploration The UAE considers Belarus as a partner in the exploration of Mars. A delegation of the Space Agency of the UAE visited the Academy of Sciences of Belarus. Foreign experts arrived in Minsk to discuss cooperation. The Arab Emirates can be seen as the Middle East center for space technology and information processing. The sector of such studies is one of the largest in the region with a total direct investment of about $5 billion.
Belarus, Iran have big economic cooperation potential
Belarus, Iran have big economic cooperation potential Belarus and Iran have a great potential of economic relations. This matter was discussed in the House of Representatives in our country August 25. There was held a meeting with the head of the group of the Islamic Council Assembly of Iran on cooperation with the Parliament of Belarus. The sides expressed confidence that the current visit of the Iranian delegation will contribute to further development of cooperation between our countries in all areas.

24.08.2015

Gazprom in Belarus: the main advantages of bilateral cooperation
Gazprom in Belarus: the main advantages of bilateral cooperation This week it was reported that Belarus is ready to provide Gazprom with possibilities for a larger volume of transit of natural gas. Such a statement was made by President Alexander Lukashenko at the meeting with the head of the company Alexey Miller. Mr Miller, in turn, assured that Gazprom will fulfill all goals set by Belarusian authorities for the development of industry adding that investment will increase.

21.08.2015

Belarus' premier instructs to optimize costs of investment project at Mikashevichy's Granit company
Belarus' premier instructs to optimize costs of investment project at Mikashevichy's Granit company The cost of the investment project on Mikashevichi's "Granit" needs to be optimized, said the Prime Minister of Belarus visiting Europe's largest plant for the production of crushed stone. The enterprise gets about 16 million tons of products yearly. The main export destination is Russia.
Alexander Lukashenko, Alexei Miller lay capsule at the construction site of Gazprom Center
Alexander Lukashenko, Alexei Miller lay capsule at the construction site of Gazprom Center in Minsk President of Belarus Alexander Lukashenko and Chairman of the Board of Gazprom Alexei Miller laid a capsule at the construction site of the multifunctional complex "Gazprom Center." This project is one of the successful examples of Belarusian-Russian cooperation. The complex at the intersection of Independence Avenue and Filimonova Street will unite nine buildings of varying heights. 
Belarus alarmed by counterfeit alcohol flooding domestic market
Belarus alarmed by counterfeit alcohol flooding domestic market The illegal trafficking of alcohol, increased imports and reduction in domestic production were central topics of the August 20 meeting hosted by the Belarus President. He criticized the hesitancy of the government in taking measures to protect the domestic market from low-quality products.

20.08.2015

Harvesting results in the six regions of Belarus, in thousand tons
Belarusian agrarians intend to harvest at least 8.5 million tons of grain in 2015 Belarusian agrarians in the current harvesting campaign intend to crop at least 8.5 million tons of grain, said on August 20 Minister of Agriculture and Food Leonid Zayats.  He noted that, despite the forecasts of skeptics and difficult weather conditions, harvesting goals will be achieved. Meanwhile the harvesting campaign is nearing its final, with 97% of lands harvested. The leader is currently the Minsk region. It harvested more than two million tons of grain. It is followed by the Grodno and Brest regions.
Belarus goes up in world food safety ranking
Belarus goes up in world food safety ranking Belarus has risen in the world ranking of food safety. According to a British research company, our country moved up three positions as compared to the year 2014 becoming 22nd in Europe and 44th in the world. Belarus is ahead of Kazakhstan, Azerbaijan, Bulgaria, Serbia and Ukraine in this respect. In compiling this ranking experts analyze three groups of indicators: consumption of products, their availability and adequacy, as well as their quality.
Belarus' President: The government is hesitant in taking action against counterfeit alcohol
Belarus' President: The government is hesitant in taking action against counterfeit alcohol Illegal trafficking of alcohol, increasing imports and a reduction in domestic production. The Belarus President on August 20 criticized the hesitancy of the government in taking steps to protect the domestic market from low-quality alcohol products. On July 1, a special decree and the decree was adopted, which is designed to strengthen state regulation in this sphere.

17.08.2015

Andrei Kobyakov, Belarus Prime Minister
Belarus to draft 2016 budget considering tough foreign economic conditions Balanced foreign trade, stabilization of foreign exchange reserves and a slowdown in inflation in Belarus. Results of the socio-economic development of Belarus for the first half was summed up today, on August 14, by the government. The economy is in a difficult external environment. And yet, the country timely pays off foreign debts and ensures the growth of export. Budget revenues amounted to 4.5 percent of GDP.
Minsk Wheel Tractor Plant privatization not on the cards for now
Minsk Wheel Tractor Plant privatization not on the cards for now The state is not going to sell Minsk Wheel Tractor Plant (MZKT trademark) now, said Alexander Lukashenko while visiting the company on August 14. The Head of State familiarized himself with the work of the new production facilities and was shown samples of products. In addition, the President talked with the staff of the plant.
Minister of Agriculture and Food Leonid Zayats
Belarus expores 12 more countries for agricultural exports August 16 Belarusian agrarians overcame a milestone of 7.5 million tons of grain harvested in 2015. The harvesting campaign of 2015 is approaching its end. The campaign will end in about a week. Minister of Agriculture and Food Leonid Zayats answered questions of the CTV's program Week. In what place is Belarus in terms of agricultural production per capita in the CIS?

14.08.2015

Belarus' government reviews economic performance in H1 2015
Belarus' government reviews economic performance in H1 2015 Balanced foreign trade, stabilization of foreign exchange reserves and a slowdown in inflation in Belarus. Results of the socio-economic development of Belarus for the first half was summed up today, on August 14, by the government. The economy is in a difficult external environment. And yet, the country timely pays off foreign debts and ensures the growth of export. Budget revenues amounted to 4.5 percent of GDP.
Dmitry Pankin, Chairman of the Board of the Eurasian Development Bank
Eurasian Development Bank mulling over allocation of loan for Belarus The Eurasian Development Bank is considering the possibility of allocating credit for Belarus. The bank held a meeting with the government of our country and studied the economic situation of the country.  The sides agreed to continue the discussion on a loan during the visit to Minsk of a mission of experts of the Eurasian Foundation of Stabilization and Development. The visit is scheduled for August 24-28.
Financial analyst: Higher volatility will help remove speculators
Financial analyst: Higher volatility will help remove speculators The Russian ruble has renewed historical minimum. The devaluation of the yuan has been lasting for a few days. The euro is also falling. In recent years, the global financial market has been experiencing a wave of change. Judging by newspaper headlines, not always for the better. 

13.08.2015

Pensions in Belarus to increase from September 1
Labor pensions in Belarus to increase from September 1 August 13 the President of Belarus signed the decree "On increasing pensions." Pensions will be recalculated from September 1.  The average labor pension increase will equal 5%. The total amount will be affected by seniority and the amount of earnings before retirement. Additional costs for the higher payments from September 2015 will stand at about 350 billion rubles a month.
Pakistani Premier's visit to Belarus: Minsk and Islamabad set new cooperation bar
Pakistani Premier's visit to Belarus: Minsk and Islamabad set new cooperation bar Belarus and Pakistan have reached a new level of relations. The final day of the official visit of Prime Minister of the South Asian state was truly eventful. On the final day, Nawaz Sharif and his wife visited the residence of the Belarusian President. The meeting was sincere and held in a home-like atmosphere. Alexander Lukashenko with his youngest son Nikolai showed the guests his residence.

12.08.2015

Pakistan-China economic corridor may use BelAZ capabilities
Pakistan-China economic corridor may use BelAZ capabilities The capabilities of Belarusian Automobile Plant (BelAZ) can be used in the construction of the economic corridor between Pakistan and China, said the Minister of Information, Broadcasting and National Heritage of the Islamic Republic of Pakistan. The Prime Minister of Pakistan will complete his official visit today after three busy days spent in Belarus. Top managers of BelAZ acquainted Mr Nawaz Sharif with the fleet and showed him the famous giant vehicles. The first dump trucks (30 tons each) were delivered to Pakistan in 2008. 
Belarusian nano-fertilizers conquering markets of neighboring countries
Belarusian nano-fertilizers conquering markets of neighboring countries Belarusian nanofertilizers conquer markets of neighboring countries. About 15 tons of fertilizers that stimulate crop yields will be exported to Lithuania in 2015.  Belarusian scientists also agreed with Russian farmers on the delivery of 20 tons of beneficial microbes. Specially selected microorganisms suppress pathogenic flora, increase the fertility of the soil and thus bring better harvest. 
Nawaz Sharif, Pakistani premier (R)
Nawaz Sharif to visit BelAZ August 12 Pakistani Prime Minister will continue acquaintance with Belarusian producers. August 12 Nawaz Sharif will go to BelAZ. Yesterday he visited Minsk Tractor Works (MTZ). In the next two years, MTZ plans to deliver to Pakistan up to five 5,000 units of equipment, which is almost twice the previous volumes.  It is possible that a similar economic effect can be expected from the meeting of the Pakistan delegation with Belarusian producers of mining equipment.
Minsk exports equal $800 million in H1 2015
Minsk exports equal $800 million in H1 2015 Minsk enterprises have significantly increased exports to Latvia, Sweden, Serbia, the Netherlands, Pakistan, Spain and Cuba. In H1 2015 alone, the city exported products worth more than 800 million dollars. Now Minsk delivers products to 130 countries. In addition, the capital penetrated the market of Bolivia in 2015. Many private enterprises increased export almost twice. Experts say that the recipe for success lies not only in quality but also in the uniqueness of individual goods.

11.08.2015

Nawaz Sharif: President Lukashenko created a strong economy in a short time
Nawaz Sharif: President Lukashenko created a strong economy in a short time This week Belarusian-Pakistani cooperation has reached a new level. Pakistani Prime Minister Nawaz Sharif is in Minsk these days. The states may increase the total turnover of a billion dollars, said President Alexander Lukashenko on August 11 opening the Belarusian-Pakistani business forum. Representatives of the largest companies of chemical, textile, engineering and other industries gathered today in the National Library.
Alexander Lukashenko: Belarus, Pakistan can increase trade turnover to $1 billion
Alexander Lukashenko: Belarus, Pakistan can increase trade turnover to $1 billion Belarus and Pakistan may increase turnover up to one billion dollars. The countries have all prerequisites for this, said President Alexander Lukashenko on August 11 opening the Belarusian-Pakistani business forum.  The business circles of the two states gathered at the National Library of Belarus. The represent tens of largest companies of the chemical, textile, mechanical engineering and construction industries.
Pakistan interested in developing closer ties with Belarus
Pakistan, Belarus to develop inter-parliamentary cooperation Pakistan is interested in developing closer ties with Belarus. This was stated by Pakistani Prime Minister Nawaz Sharif at the meeting with the heads of both chambers of the Belarusian parliament. The meeting participants touched on cooperation in economy and humanitarian sphere. Cooperation on the parliamentary level was also reviewed. 
Alexei Bogdanov, head of the main department of foreign economic activity of the Ministry of Agriculture and Food of the Republic of Belarus
Belarusian-Pakistani business forum to open in Minsk August 11 Belarus wants to get closer to establishing strategic partnership with Pakistan. On August 11 Minsk will host the Belarusian-Pakistani business forum. It is expected that taking part in it will be dozens of representatives of the largest companies as well as the Prime Minister of Pakistan, who is on an official visit to Belarus. 
Andrei Kobyakov meets with Pakistani Prime Minister
Belarus, Pakistan can benefit from joint ventures, including industrial cooperation Creation of assembly productions of Belarusian machinery is one of the promising areas of cooperation between Belarus and Pakistan. This was said by Belarus' premier Andrei Kobyakov at a meeting with his counterpart from Pakistan. Nawaz Sharif is now in Belarus with a three-day official visit. The conditions for the development of bilateral relations were created during the May 2015 visit of the Belarusian President to Islamabad. First of all, Belarus wants to develop industrial cooperation and joint projects in agriculture. Then about 20 documents were signed. 

10.08.2015

Vladimir Ulakhovich, deputy chairman of the Belarusian Chamber of Commerce and Industry
Belarus offers Pakistan cooperation in development of mineral deposits Belarus offers Pakistan cooperation in the field of geological exploration. This was one of the major topics of the August 10 Belarus-Pakistan business council in Minsk. The sides also considered the supply of Belarusian engineering equipment and food.
Belarus tightens building materials import regulations
Belarus tightens building materials import regulations Belarus has tightened import regulations with regard to imported materials. August 10, there came into effect a decree of the Council of Ministers requiring suppliers to deal only with certified products.  It affects about 40 types of building materials. This step was taken to protect the domestic market from unsafe and poor quality products.

07.08.2015

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

06.08.2015

Premier: Belarus government's main task is to restore economic growth in H2 2015
Premier: Belarus government's main task is to restore economic growth in H2 2015 The main task of the government in the second half of 2015 will be to restore economic growth, Belarus Prime Minister Andrei Kobyakov told reporters. Mr Kobyakov said that much will depend on external factors in trade. If they are no worse than those already existing, the government expects a noticeable revival of the economy and its adaptation to external factors. "We hope that we will get economic growth even though it may be small," said the Prime Minister.
Belarus' House of Government
Why did Belarus need Directive No1 on strengthening of labor discipline in 2004? The so-called Directive No1 sets out basic points of the rule of law, order and labor discipline. The document has been in force for over 10 years. It was signed in March 2004 by President Lukashenko. There were a lot of prerequisites for the signing of that document back then. Among the major ones were: failure to comply with fire safety requirements; death under circumstances not related to occupational hazard; neglect of safety precautions; violation of labor discipline.
Alexander Lukashenko discusses economic matters with Prime Minister of Belarus August 6
Belarusian government hopes to return to economic growth by end of 2015 The Belarusian government hopes to restore economic growth by the end of 2015. The Belarusian Prime Minister, during a working meeting, reported to the President on the situation in the real sector as well as the performance of the Belarusian economy in H2 2015. Andrei Kobyakov said that the situation on foreign markets is not easy, which slowed down GDP growth. Nevertheless, Belarus continues to honor its international obligations.

05.08.2015

Belarus harvests fourth million tons of grain
Belarus harvests fourth million tons of grain They are not afraid of hot weather. Belarusian agrarians have harvested four million tons of grain. Nearly half of all designated areas has been harvested. The Brest region is among the leaders. However, the other five regions of Belarus plan to harvest not less than one million tons of grain. The Minsk region is close to this mark.  The Grodno and Mogilev regions have cropped 0.5 mln tons. Vitebsk farmers started to harvest later than the others. Their result for now is more than 260 thousand tons of grain.
Belarusian enterprise producing fishery products denies falsification accusations
Belarusian enterprise producing fishery products denies falsification accusations Belarusian enterprise for the production of fish products rejects accusations of falsification. Unexpected news was given by some news sites with reference to Rosselkhoznadzor, Russian sanitary watchdog.  The news was about this inspection agency revealing falsification of Belarusian products, which allegedly sold artificial caviar as salmon caviar.  

04.08.2015

National Bank: Inflation in Belarus will not exceed 16%
National Bank: Inflation in Belarus will not exceed 16% This year, inflation in Belarus will not exceed 16 percent. This is the forecast of National Bank chairman Paul Kallaur. Since the beginning of 2015 the figure has stood at about 8 percent. Therefore, there are all prerequisites that this forecast will be relity by the year end. By 2020, experts expect to reduce inflation to 5 percent. This figure determines the improvement of business activity.
2nd Forum of Regions of Russia and Belarus due in Sochi in mid-September
2nd Forum of Regions of Russia and Belarus due in Sochi in mid-September The Union State partners, Belarus and Russia, will in the near future meet at the second forum of regions of Belarus and Russia. It will be held Sochi in mid-September. On August 3, the upper chamber of the Belarusian parliament discussed preparations for the meeting of the business circles of the two countries. 

03.08.2015

Dnepr-Bug Canal can now receive passenger ships thanks to new waterworks facility
Dnieper-Bug Canal can now receive passenger ships thanks to new waterworks facility The waterworks facility Zaluzye has opened in Brest. This is a historic moment. Now the Western side of the Dnieper-Bug canal can take not only freight but also passenger ships. Now Zaluzye meets the world standards. From now on the multi-ton gates of the airlock open by pressing just one button. It takes one ship a little more than 30 minutes to pass through the gate. The entire process is fully automated and the controller sees the entire picture on the monitor.
Andrei Kovkhuto: More than 7.5 billion tons of potash explored in Belarus
Andrei Kovkhuto: More than 7.5 billion tons of potash explored in Belarus Minister of Natural Resources and Environmental Protection of Belarus Andrei Kovkhuto answered questions of the program "Week" on the CTV channel. Mr Kovkhuto, you are a hereditary geologist and have recently become minister. In your opinion, do we have in our depths some other unexplored minerals?

31.07.2015

Belarus President demands clear formation of retail prices for fruit, vegetables The Belarus President demands to sort out problems with the formation of retail prices of fruit and vegetables. Alexander Lukashenko voiced this task on July 31 during a visit to a Minsk Vegetable Factory. 

30.07.2015

First section of Minsk's second ring road to be commissioned in the autumn
First section of Minsk's second ring road to be commissioned in the autumn The first section of the second ring around Minsk will be commissioned in the autumn, said July 30 Transport and Communications Minister Anatoly Sivak meeting with President of Belarus Alexander Lukashenko. The focus was on issues of operation of toll roads, the upgrading and construction of new roads, as well as the second runway of the national airport and the transfer of Aircraft Repair Plant beyond Minsk.
Alexander Lukashenko: I do not believe Belarus doesn't have large amounts of oil
Alexander Lukashenko: I do not believe Belarus doesn't have large amounts of oil President of Belarus calls for tighter work on mineral exploration. This was discussed at the July 30 meeting of the head of state with minister of natural resources and environmental protection Andrey Kovkhuto. Alexander Lukashenko paid special attention to serious shortcomings in prospecting. In 2015, there will be held a meeting on mineral resources in Belarus and the exploration of new fields.
Modernization of international transport and logistics center near Minsk completes
International transport and logistics center in Kolyadichi modernized The transport and logistics center in Kolyadichi now meets all international standards. A large-scale modernization has been completed here. Today it receives cargo from the Baltic States and the CIS.  In the near future, the first dry port in Belarus will appear. It will connect Kolyadichi with large marine piers and will be the center of the economic belt of the Silk Road.
Diversifying exports is a key task for the growth of the national economy, Premier Kobyakov says
Diversifying exports is a key task for the growth of the national economy, Premier Kobyakov says An increase in exports and new markets was discussed yesterday on July 29 at the Belarus government. Currently, this is the key challenge for the development and growth of the national economy.
About 30% of transactions between Belarusian and Russian businesses are doomed to failure, Belarus' prosecutor general
About 30% of transactions between Belarusian and Russian businesses are doomed to failure, Belarus' prosecutor general Non-payment of exports of goods and lingering of receivables. The violation of the legislation in the economic area were considered at a meeting on July 30 of the joint board of Prosecutor General's Office of Belarus and Russia. The topic is also relevant due to the fact that now there is some "criminalization" of the economic sector. The Belarus Head of State has repeatedly stated the inadmissibility of foreign receivables.

28.07.2015

Belarus' government to support construction materials industry amid shrinking foreign markets
Belarus' government to support construction materials industry amid shrinking foreign markets The Belarus President demands to reduce the cost of building materials. Alexander Lukashenko on July 28 held a governmental meeting to discuss the problematic issues of the building materials industry. In addition, the list of the President's instructions includes improving the quality of products and increasing exports. The industry of building materials in Belarus is about a thousand companies and 130 different products. And the situation today is not easy - the markets shrink and the competition is growing. 
Belarus harvests the first million tons of grain in 2015
Belarus harvests the first million tons of grain in 2015 Belarus has harvested the first million tons of grain. The Gomel and Brest regions are among the leaders. The Northern regions are behind for objective reasons. Traditionally, the highest yield is the Grodno region, but because of the weather conditions the harvesting is only gaining momentum there.
Vladimir Zinovsky, Minister of Economy of the Republic of Belarus
Belarus expects GDP growth in late 2015 GDP growth in Belarus is expected at the end of 2015.  In Brest, on 27 July, there gathered economic elite of Belarus and Russia - representatives of relevant ministries of the two countries. The first half of the year, as recognized by experts, was very difficult. But even in these conditions, Belarus and Russia have managed to not only keep the old cooperative ties, but also find new partners. Moreover, now the Russian market is reviving. All this gives reason to expect significant positive changes in the Belarusian economy in the near future.
Kazakhstan joins World Trade Organization
Kazakhstan joins World Trade Organization Kazakhstan has joined the World Trade Organization. The relevant documents were approved in the organization's headquarters in Geneva. The ceremony was attended by President of Kazakhstan Nursultan Nazarbayev.  It is expected that the country will officially become the 162nd member of the WTO in early December 2015, when the final documents are approved and ratified in the country. 

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