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Economy & business

29.06.2017

Valentina Matvienko: Economic integration between Russia and Belarus at high level
Valentina Matvienko: Economic integration between Russia and Belarus at high level The first contracts have already been signed at the IV Forum of the Regions of Belarus and Russia. The partners expect fruitful results from two days of the business forum. The potential package of agreements is estimated at $400 million. An exhibition of achievements in the innovation and scientific and technical sphere opened at the forum June 29. Dozens of samples of high-tech products are presented here, including in the field of electric transport and metallurgy. Belarusian innovations are combined at the exhibition in 14 clusters in several areas.
High technologies and innovations to be discussed at Belarus-Russia Forum of Regions
High technologies and innovations to be discussed at Belarus-Russia Forum of Regions The Belarusian delegation arrived in Moscow to participate in the 4th Forum of the Regions of Belarus and Russia. It will open on June 29 and last two days. Parliamentarians, representatives of leading enterprises, and businessmen will hold talks with their Russian counterparts. A package of contracts is ready for signing, it is estimated at $400 million. In 2017, emphasis is made on integration in the field of high technology and innovation. 

28.06.2017

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

27.06.2017

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

26.06.2017

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

23.06.2017

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

22.06.2017

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

21.06.2017

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

20.06.2017

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

19.06.2017

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

18.06.2017

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

16.06.2017

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

15.06.2017

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

14.06.2017

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

13.06.2017

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

12.06.2017

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

09.06.2017

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

08.06.2017

Belarus' participation in CEI open up prospects for new projects
Belarus' participation in CEI open up prospects for new projects The chairmanship of Belarus in the Central European Initiative will open a new page in the organization's activities, say representatives of the chambers of commerce and industry of 17 countries. The CEI meeting is taking place in Minsk. The development of infrastructure and industrial cooperation opens access to integration resources for implementing projects, solves transport problems and also facilitates the removal of barriers and restrictions. That is, it helps businesses to develop.
Belarus would like to export more foodstuffs to Egypt
Belarus willing to export more foodstuffs to Egypt The first batch of Belarusian rye flour will be sent to Egypt on June 8. Before that, Belarusian farmers supplied only dry milk to the African market. The export list will expand in the future. Now the relevant negotiations are underway. A delegation from Cairo is now in Minsk to discuss a number of joint projects. The Belarusian side is ready to share advanced technologies in the agrarian sector.
SCO summit in Astana: last preparations
SCO summit in Astana: last preparations On June 8, Alexander Lukashenko is going to meet with Kazakh President Nursultan Nazarbayev. The leaders will discuss the agenda of bilateral relations and interaction in integration formats.
Minsk to host CEI PA meeting
Minsk to host CEI PA meeting Politicians, businessmen, representatives of banks and customs services of the countries participating in the Central European Initiative (CEI) will again meet in the Belarusian capital. The main theme of the meeting is support of local entrepreneurship and small and medium-sized businesses along the China-sponsored Silk Road route.

07.06.2017

Belarusian machinery to be exported to Africa
Belarusian machinery to be exported to Africa The first Belarusian machinery by the credit line of the African export-import bank will be exported to Ghana, Zimbabwe and South Sudan. It became known at the Belarus-Africa economic forum on June 7, 2017.
Trade value at Belarus’ commodity market increases by 40% in last six months
Trade value at Belarus’ commodity market increases by 40% in last six months This is if to compare with the same period in 2016. The volumes of contracts increased by a third, there was an increment of growth on timber sales. The biggest leap was demonstrated by the agriculture sector (not only thanks to products, but thanks to service goods, fertilizers and feed additives as well). Nearly 18,000 companies are officially registered at the market.
Belarus may support more public-private partnership projects
Belarus may support more public-private partnership projects Experts of Belarus, Russia and Kazakhstan are exchanging experience of cooperation between business and the state on June 7 in Minsk. Public-private partnership is one of the most optimal schemes of work. To implement projects, investors receive the most favorable conditions. This form of interaction was tested during the reconstruction of the M-10 highway.
Foreign guests about Belagro 2017 and Belarus' agricultural potential
Foreign guests about Belagro 2017 and Belarus' agricultural potential The agricultural exhibition Belagro 2017 has opened near Minsk. Taking part in the exhibition this year are 500 representatives from 25 countries. The best companies present technical innovations and progressive food products. 
Belarus' foreign exchange reserves exceed $5.2 billion
Belarus' foreign exchange reserves exceed $5.2 billion Belarus' foreign exchange reserves exceed $5.2 billion. In May, they increased by more than $130 million according to IMF standards. The growth of gold reserves is determined by the receipt of oil duties, funds from the sale of foreign currency bonds and the purchase by the National Bank of foreign currency in exchange trades. According to the main directions of Belarus' monetary policy, in 2017, gold reserves should show be increased by $500 million.
Moldova interested in Belarusian medicines
Moldova interested in purchasing Belarusian medicines It's time for Minsk and Chisinau to move on to implementing more progressive projects. On June 6, Alexander Lukashenko met with Moldovan Prime Minister Pavel Filip. Chisinau can continue to count on Minsk as a reliable partner.

06.06.2017

Belgrade mayor appraises Belarusian electrobuses
Belgrade mayor appraises Belarusian electrobuses Days of Minsk continue in Belgrade. Transport sector is one of the prospective directions. Serbia is planning to buy electrobuses. Specialists are now testing samples from all over the world now. Belarus offered its electrobuses as well. The mayor of Belgrade appraised Belarusian electrobuses on June 6, 2017. What is more, a special food exhibition of Belarusian products was held on the same day as well.
Belarus-Africa business forum held in Minsk
Belarus-Africa business forum held in Minsk Belarus and African states are counting on increasing commodity circulation up to three billion dollars. The first joint economic forum is held in Minsk on June 6, 2017. More than 70 representatives of authorities and businessmen from ten countries are taking part in the event. The two sides see a big potential for cooperation in many sectors. To be more precise, foreign guests are interested in Belarus’ agriculture; there are plans on exporting Belarusian mining trucks, buses and cargo vehicles.
Alexander Lukashenko: Belarus, Penza region have everything for more beneficial cooperation
Alexander Lukashenko: Belarus, Penza region have everything for more beneficial cooperation The Penza region of Russia plans to open the production of potato starch using Belarusian technologies, construction and design services. This matter was discussed June 6 at a meeting of Alexander Lukashenko with the governor of that Russian region Ivan Belozertsev. For example, the industrial sphere may become the locomotive of cooperation. Operating in the Penza region are dealers of large Belarusian enterprises producing agricultural and communal machinery. Meanwhile, there is room for growth in trade.
Belgrade presents neighborhood construction project to Belarusian delegation
Belgrade presents neighborhood construction project to Belarusian delegation Days of Minsk continue in Belgrade. Yesterday, negotiations were held between Minsk Mayor Andrei Shorets and the mayor of the Serbian capital Siniša Mali. The mayors discussed specific projects of cooperation between the two cities, including in investment, transport and tourism. The Belarusian delegation was presented Belgrade on Water - a project of large-scale construction of a new neighborhood in the center of the Serbian capital.
BelAGRO 2017 agricultural exhibition opens in Minsk region June 6
BelAGRO 2017 agricultural exhibition opens in Minsk region June 6 More than three hundred kinds of agricultural equipment, a cow with a nickname Pchelka (Bee) and ecologically clean products will be preseted at the exhibition BelAgro 2017, which opens on June 6 in the Minsk region. Hundreds of companies will present technical innovations and food products, as well as the latest varieties of garden crops at one the largest agricultural forums in Eastern Europe.

05.06.2017

Sergey Lavrov: Belarus is Russia's most important trading partner in CIS
Sergey Lavrov: Belarus is Russia's most important trading partner in CIS Over the 25 years of diplomatic relations, Belarus and Russia have reached the level of strategic partnership. This topic was raised on June 5 in Moscow, where the Belarusian and Russian foreign ministers met. Currently, trade and economic cooperation is at a high level. Belarus is Russia's main partner among the CIS countries and the 4th in the world.
IMF to begin mission in Belarus June 5
IMF to begin mission in Belarus June 5 The mission of the International Monetary Fund headed by Peter Dohlman begins work in Belarus on June 5. The experts will be in Belarus with a one-week business trip. Negotiations with state administration bodies are expected to touch on the situation in the Belarusian economy. Currently, Belarus is negotiating with the IMF to launch a new program of cooperation. As was stated earlier, Belarus counts on the fund's support worth $3.5 billion.

04.06.2017

President Lukashenko sets tasks before Belarus’ oil workers One of the most important events of the week was the meeting of Alexander Lukashenko on oil processing. It is the black gold of Belarus and it must shine, it is not acceptable to turn into a loss-making sector. Belarus doesn’t stint on modernizing oil processing technologies. Nearly 3.5 billion dollars were invested into the sector in the last six years. However, it didn’t lead to the planned result.

03.06.2017

Belarusian Lawyers’ Union to consider business simplification suggestions
Belarusian Lawyers’ Union to consider business simplification suggestions More than 500 suggestions on business simplification in Belarus have been made. Experts are now looking into the initiative carefully. The law draft was brought up to the public’s discussion in April. Many suggestions were made by lawyers. This topic was touched upon at the meeting of the Belarusian Lawyers’ Union, which was headed by Valery Mitskevich, the Deputy Head of the Presidential Administration.

02.06.2017

Belarus increasing dairy supplies to China
Belarus increasing dairy supplies to China Belarusian dairy products are conquering the markets of Southeast Asia and Africa. In 2017, Belarusian producers opened the market of Egypt for further supplies. Meanwhile, Belarus is one of the world's top five exporters of dairy products. The geography of supplies covers more than 30 countries. Together with Australia, Belarus shares third place in the list of the largest butter exporters. In terms of cheese deliveries Belarus is confidently holding fourth place in the world. Today, one of the tasks is diversification of sales markets.
Belarus President holds meeting on development of oil refining industry
Belarus modernizing major oil refineries in bid for higher revenues The President criticized the work of Belarusian oil refining on June 1. For Belarus this is a strategic area. But in 2016, the oil balance went into negative territory. In addition to objective global causes, there are many internal problems. Among the most obvious are the prolonged periods of modernization of Belarusian refineries.
Belarusian-German Business Cooperation Council resumes work in June 2017
Belarusian-German Business Cooperation Council resumes work in June 2017 Belarus is interested in Germany's experience in improving economic legislation, privatization, and the flow of investment and technology in those business areas that are well developed in that country. The Belarusian-German Business Cooperation Council resumed work after a break on June 1 in Minsk.

01.06.2017

Belarus taking part in St. Petersburg International Economic Forum
Belarus taking part in St. Petersburg International Economic Forum It is necessary to create a platform in the CIS for the integration of small and medium-sized businesses. This idea was voiced on June 1 at the St. Petersburg International Economic Forum. Taking part in it is the Belarusian delegation. Belarus voiced its position on the need to use the CIS as a platform for promoting economic interests. Today, trading only with goods is not enough.
Belarus President says oil refining turning into unprofitable industry
Belarus President says oil refining turning into unprofitable industry The President has criticized the work of Belarusian oil refining on June 1 at a meeting on the strategy for the development of the industry. The question is akin to the independence of the state, Alexander Lukashenko is convinced. Two refineries bring the same benefits as one telecommunications company Beltelecom. Oil refining is a strategic industry for Belarus, its share in industry is more than 13%, and about 17% in export. But in 2016, the oil balance went into negative territory.
Minsk hosts FinTech Conference 2017 for startups
Minsk hosts FinTech Conference 2017 for startups The best innovative project will be selected in Minsk. More than 20 teams from Russia and Belarus will present their startup ideas in the field of financial technologies. Among them is an app that is able to independently develop a business plan for any enterprise, and an airline ticket insurance project (in case the flight is delayed or canceled). The most relevant development will get a chance to enter the everyday life of ordinary people. The winner will receive a cash prize for business development.

31.05.2017

No passport required to buy currency in Belarus from June 1
No passport required to buy currency in Belarus from June 1 A rather stable situation has settled at the cash foreign exchange market. Citizens are net sellers of cash currency for many months now. What is more, its sales results do not change dramatically. Experts think that the made decision on cancelling person’s identity check when buying currency indicates on the secureness in further stability at the currency exchange market. However, a passport will be necessary if the money transactions sum up to 23,000BYN or more.
Economist Nakipelov: I am not sure that Ukrainian variant would be better for Belarus
Economist Nakipelov: I am not sure that Ukrainian variant would be better for Belarus Alexander Nakipelov, economist and Academician of the Russian Academy of Sciences took part in the TV Program “Simple Questions” with Egor Khrustalev.
Venezuela ready to expand assemblage of Belarusian tractors
Venezuela ready to expand assemblage of Belarusian tractors Venezuela is ready to expand the line assembling Belarusian tractors, said Minister of Industry of the Bolivarian Republic visiting MTZ May 31. Juán Arias got acquainted with new samples of agricultural machinery, as well as forest machinery, which Venezuela today needs badly.
Labor minister: Real wage growth rate in Belarus at 101.5%
Labor minister: Real wage growth rate in Belarus at 101.5% Positive dynamism of economic growth does persist in Belarus. On May 30, the Belarusian government summed up the results of the economic performance in January-April 2017. More than 15,000 jobs have been created in the country during the last five months of 2017. Among the top employees are mainly new enterprises. The situation in the labor market is gradually stabilizing. All this gives grounds for hoping that the average salary in Belarus will have reached BYN1,000 by the end of 2017. The head of state previously set such a task before the government.

29.05.2017

EXPO 2017: what is Belarus to present in Astana?
EXPO 2017: what is Belarus to present in Astana? Ecotransport and a harvester thresher on gas will be presenting Belarus at EXPO 2017. What is more, the quests off the exposition will get acquainted with Belarus’ latest scientific developments as the modular water clearing station, photoelements, biogas complexes and energy efficient building materials. The international exposition will be held from June 10 - September 10, 2017 in Astana. It will be dedicated to the energy of the future. Belarus will also present its investment projects.
Belarus, Poland, Ukraine to carry out bison population study project
Belarus, Poland, Ukraine to carry out bison population study project A bison breeding center with the participation of Poland and Ukraine will be built in Belovezhskaya Pushcha.  In addition to breeding work, which will ultimately affect the population of the forest giants, scientists will work to improve bison feeding and study micropopulations. In the future, such work can increase the flow of photo-hunters from abroad.
Belarus further liberalizing foreign currency market
Belarus further liberalizing foreign currency market It will soon be possible to buy foreign currency in Belarus without a passport. Thus, Belarus is going to abolish the requirement to register individuals making foreign currency exchange transactions at banks.  The corresponding decree was signed by the Belarus President. The National Bank of Belarus was instructed to settle all formalities in a three-month period and take measures to implement the decree.

28.05.2017

EEU Premiers discuss digital economy development and agricultural cooperation
EEU Premiers discuss digital economy development and agricultural cooperation The EEU states are to make a schedule plan directed at eliminating barriers in mutual trade. The principal decision was made on May 26, 2017 in Kazan, where the meeting od EEU Premiers was held. The Prime Ministers discussed a wide block of questions, among which is the development of digital economy and agricultural cooperation. As for agricultural cooperation, the participants of the meeting came to a common point that
Economist about Belarus’ economic potential
Expert on Belarus’ economic potential Towns will certainly not be left to the mercy of fate. It is vivid from the active work of the high authorities. And it is a Belarusian method to preserve, fix and wait for the possibility to modernize plants, the economy, the political system and the consciousness of people. This is the opinion of Alexander Nakipelov, a famous economist and an Academician of the Russian Academy of Sciences. This is a fragment of his interview from the TV Program “Simple Questions” with Egor Khrustalev.

27.05.2017

Azerbaijan Trade House opens in Minsk
Azerbaijan Trade House opens in Minsk The opening of the Azerbaijan Trade House in Minsk will promote commodity circulation between Belarus and Azerbaijan. Belarus is the first country where Azerbaijan opens such a platform. The rate of mutual trade growth summed up to 116% in the four months of 2017. Foreign investors are interested in cooperating with Belarus in the sector of investments. Belarusian tractors, wood products, medicine, milk and oil products are the basis of Belarus’ export.
Minselkhozprod: Belarus intends minimizing antibiotics usage in veterinary
Minselkhozprod: Belarus intends minimizing antibiotics usage in veterinary Belarus intends bringing down to a minimum the usage of antibiotics in veterinary. It was reported by Minskslkhoznadzor on May 26, 2017. Belarus has a list of medical drugs which are prohibited for animal use and the sector is under special control as a whole.

26.05.2017

Belarus Premier: Industrial cooperation with Tatarstan promising
Belarus Premier: Industrial cooperation with Tatarstan promising Belarus and Tatarstan need to restore trade to $2 billion. This was one of the main topics discussed May 25 in Kazan during the meeting between the Belarusian Prime Minister and the President of Tatarstan. The sides mostly discussed bilateral trade. In Q1 2017 alone, it has increased by more than 1.5 times compared to the same period in 2016.
Belarus, Egypt working on economic cooperation roadmap
Belarus, Egypt working on economic cooperation roadmap Belarus and Egypt are working on a road map for cooperation. Several documents along these lines were signed in Minsk May 25. During talks the sides also discussed the prospects of modernization of the public transport of Egypt by Belarusian specialists. This concerns a wide range of vehicles from buses and trolleybuses to railway cars.
Andrei Kobyakov: Belarus, Tatarstan should restore trade turnover $2bn
Andrei Kobyakov: Belarus, Tatarstan should restore trade turnover $2bn Belarus and Tatarstan should restore the turnover of two billion dollars, said on May 25 the Prime Minister of Belarus meeting with the President of Tatarstan. Belarus counts on the further development of cooperation in machine building.

25.05.2017

Belarus plans to open joint car assembly facilities in Egypt
Belarus plans to open joint car assembly facilities in Egypt Belarus would like to set up joint car assembly facilities in Egypt. First of all, we are talking about specialized agricultural equipment. It is expected that the production of cars can meet the demand not only on the Egyptian market, but also on most of the entire African continent. In addition, Belarus is ready to supply to Egypt its food products, in particular dairy products. At the same time, the main emphasis is not to simply trade but to proceed to deeper cooperation.

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