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Economy & business

16.12.2016

Belarus' business contributes to new draft Customs Code
Belarus' business contributes to new draft Customs Code Belarus has been actively discussing the draft Customs Code of the Eurasian Economic Union (EEU). Ideas were offered by business associations, as well as the scientific community. The new code will be agreed by December 26 - the day when the Supreme Eurasian Economic Council of the EEU will convene in St. Petersburg. The draft international instrument will reflect the fundamental requirements for foreign trade activities on the territory of the five EEU states.
Azerbaijani businessmen taste Belarusian food products
Azerbaijani businessmen taste Belarusian food products Azerbaijani businessmen arrived in Minsk to personally taste the quality of Belarusian products. A network of shops that specialize in the sale of Belarusian goods is developing in Baku. The foreign guests did not feel differences in tastes. On December 16, the business circles of the Caspian state, along with businessmen of Belarus, discuss new areas of cooperation in the areas of food, service, industry and energy. Minsk is hosting a joint business forum. The parties intend to sign a memorandum that will be the basis for better deals.
Fines in Belarus should not ruin businesses, President says
Fines in Belarus should not ruin businesses, President says The Belarus President demands the regulatory authorities to work carefully and rightly. They should not undermine their credibility, said Alexander Lukashenko on December 16 at a meeting on the results of inspections of the State Control Committee. It was held by an interagency group chaired by the Prosecutor General.
Belarusians' incomes to grow 11% by 2020
Belarusians' incomes to grow 11% by 2020 Investments, employment, exports, information, and youth. The Belarus President approved a program of socio-economic development of the country until 2020. Its main purpose is to improve the quality of life, attract investment and develop innovations. By 2020, Belarusians' revenues should grow by 11%, while inflation should not exceed 5%.
MZKT tank transporters being tested in UAE
MZKT tank transporters being tested in UAE Tank transporters made by Minsk Wheel Tractor Plant (MZKT) are being test-driven in the UAE. The vehicles were made by a special order. This is the principle, according to which the company now operates. In the case of the United Arab Emirates, we are talking about a long-term contract. It provides for the delivery of various machinery. The exact amount and timing of deliveries will be known after testing.

15.12.2016

38 BelAZ trucks to be shipped to Siberia
38 BelAZ trucks to be shipped to Siberia A large batch of BelAZ mining equipment will be delivered from Belarus to Siberia. 28 heavy trucks are purchased by the Siberian Coal Energy Company, which has branches in five Russian regions. Most of the trucks have already been sent to consumers. Another 10 vehicles will be delivered in early 2017. Belarusian Autoworks (BelAZ) and Siberian Coal Energy Company (one of the world leaders in the coal industry) have been collaborating for several years. The company bought 350 BelAZ trucks and demand for Belarusian giants is steadily growing.
Azerbaijan's economy minister: We are interested in industrial cooperation
Azerbaijan's economy minister: We are interested in industrial cooperation Belarus and Azerbaijan are discussing ways to expand cooperation in industry, health and agriculture. A delegation that includes members of the government and businessmen has arrived in Minsk from Azerbaijan. The main goal is to increase trade turnover between the two countries to $700 million. The current visit of the business circles of Azerbaijan will be a step towards the implementation of the arrangements achieved by the two heads of state.
Slonim plant: Five years of successful meat supplies to Muslim countries
Slonim plant: Five years of successful meat supplies to Muslim countries Aroma of Belarusian salami and smoked food has already reached the Arab world. A small town of Slonim produces high quality meat products. The meat processing plant of Slonim was the first in Belarus to receive the Halal certificate and has been supplying products to Muslim shops and restaurants for five years.
Why Russians love Belarusian food products?
Why Russians love Belarusian food products? Ordinary Russians from Kaliningrad to Vladivostok have always been glad to spend their Russian rubles in exchange for quality Belarusian products. Even Russian governors repeatedly told the CTV Channel about their love for Belarusian foodstuffs. Tamara Mukhina, resident of Smolensk (Russia):I buy a yogurt produced by the Vitebsk dairy plant. Sometime in 1967, I studied at the college of dairy industry and had an internship at the Vitebsk plant, the old one.
UAE to help promote Belarusian Halal products in Middle East market
UAE to help promote Belarusian Halal products in Middle East market Belarusian products are in demand in the Middle East market and the UAE company RACS is ready to speed up the certification process. Belarus will ship Halal products to Muslim countries' markets. Requirements to such goods are sufficiently high. Production technologies imply the absence of ingredients prohibited for use in food by Muslims. Belarus will also need to carefully observe hygiene rules and treat animals compassionately.
Belarus supplies food to 58 countries and only Russia has complaints
Belarus supplies food to 58 countries and only Russia has complaints The quality of Belarusian food products does not cause complaints from foreign consumers. None of the 58 countries to which Belarus delivers foodstuffs has complaints, except for Russia.  Note that we are not talking about the end customer (ordinary Russians are eager to buy Belarusian products), but the regulatory authorities. The level of control and state standards at Belarusian plants are in many respects stricter than in other countries, including the same Russia. 

14.12.2016

Belarus Finance Ministry pins hopes on EFSD loan
Belarus Finance Ministry pins hopes on EFSD loan Belarus hopes for a positive decision on the allocation of the next tranche of a loan by the Eurasian Fund of Stabilization and Development. According to the Ministry of Finance of Belarus, the country has fulfilled 21 out of 22 conditions necessary to take out the loan. The program of cooperation was signed by Belarus and the Eurasian Development Bank in March 2016. The agreement provides for the allocation of $2 billion. The funds will be provided in seven parts.
First smart house presented in Mogilev
First smart house presented in Mogilev On 14 December, the first smart house in Belarus was presented in Mogilev. Thanks to this unique energy saving system, it will be able to heat itself. The air leaving apartments through the vents heats the flows coming from outside. The roof resembles a mini-power station. Water is heated largely thanks to the energy produced. For the residents, who are mostly families with many children, the major positive side is a low cost of utilities - the difference is almost 50%.
Belarus Finance Ministry proposes Eurobonds to Qatar Investment Agency
Belarus to issue bonds worth $800 million in 2017 The Finance Ministry of Belarus supports the eastern vector. The Qatar Investment Agency was offered to buy Belarus' government Eurobonds.  In 2017, Belarus expects to issue the bonds worth $800 million. The funds will be spent on new joint projects or for the modernization of existing plants. The creation of the Belarusian-Qatari investment fund may become a catalyst for the bilateral relations.

13.12.2016

Belarus' MTZ to open assembly plant in South Africa
Belarus' MTZ to open assembly plant in South Africa Minsk Tractor Plant will open an assembly plant in South Africa. Preliminary agreements on cooperation have already been signed. In particular, the document envisages the establishment of a tractor assembly plant in South Africa. In the near future, foreign partners will determine the range of equipment that will be assembled at the new production facility.
Belarus' wood processing companies earn $100 million on exports in 2016
Belarus' wood processing companies earn $100 million on exports in 2016 Belarusian producers have increased timber exports to non-CIS countries, and in monetary terms since the beginning of the year have earned more than $100 million. Plywood, particleboard, fiberboard and furniture are in the greatest demand, which means that products with a deep degree of processing and high added value are the most profitable. At the same time, the share of exports to new countries is increasing. In number terms, companies have sold to the Middle East 1.5 times more wood products than it was planned for 2016.

12.12.2016

EEU Customs Code should serve Belarus' interests, Alexander Lukashenko says
EEU Customs Code should serve Belarus' interests, Alexander Lukashenko says Belarus has no abundant natural resources, like partners in the Eurasian Economic Union, there are no additional resources to waste so every economic decision has to be verified, said President Lukashenko at a meeting in connection with the adoption of the new Customs Code of the Eurasian Economic Union (EEU).

09.12.2016

Belarus demands respect for national interests in Eurasian Economic Union
Belarus demands respect for national interests in Eurasian Economic Union Alexander Lukashenko demands to comply with the national interests of Belarus in adopting the Customs Code of the Eurasian Economic Union (EEU). The Head of State said this on December 9 at the meeting on the draft Customs Code Treaty of the EEU. The document will be signed at the meeting of the Supreme Eurasian Economic Council in St. Petersburg on December 26.
Belarus to cooperate tighter with Vnesheconombank
Belarus to cooperate tighter with Vnesheconombank The President of Belarus guarantees the support for Vnesheconombank in Belarus. On December 9, Alexander Lukashenko met with the chairman of the financial structure Sergei Gorkov. The corporation is actively investing in various companies. In 2016 alone, it granted loans worth more than $230 million. It is also engaged in exports and is responsible for a number of social projects. As a result of one of such projects in Belarus, 14,000 apartments may be supplied with additional electricity.
Banks to foster Belarus-Russia integration
Banks to foster Belarus-Russia integration Belarusian and Russian export projects will get support from an integration platform. On December, Deputy Prime Minister of Belarus Vasily Matyushevsky and representatives of the Russian group of VEB banks signed the relevant memorandum. This form of cooperation will allow Belarus and Russia to promote joint projects, as well as help Belarusian producers to go on third markets.

08.12.2016

Belarus makes advance payment for Russian gas
Belarus makes advance payment for Russian gas Belarus has made an advance payment for Russian natural gas, the Council of Ministers of Belarus reported on December 8. In October 2016, the Belarusian and Russian governments agreed on specific mechanisms for addressing problems in the oil and gas sector. Belarus hopes for a speedy recovery of the volume of oil supplies from Russia to Belarus,
Vnesheconombank chairman meets with Belarus President
Vnesheconombank chairman meets with Belarus President Alexander Lukashenko has guaranteed support for Vnesheconombank (VEB) in Belarus. On December 8 the President met with the chairman of this financial structure. Since 2016 Sergei Gorkov has headed the corporation Bank for Development and Foreign Economic Affairs. They are working to support the Belarusian and Russian exports, including to third countries. According to the head of state, the Russian partners can count on support from the government and the National Bank. But the most important thing is to fully implement the agreements reached.
Risk-sharing program: Belarusian businesses to receive $11m
Risk-sharing program: Belarusian businesses to receive $11m A risk-sharing program will help expand investment opportunities for Belarusian businesses. Priorbank, together with the European Bank for Reconstruction and Development plan to finance the venture totaling $11 million. The pilot project has already been defined. Belarus' largest manufacturer of packaging and labels Uniflex will be the first to use long and cheap loans, which is thanks to banking cooperation.
Ecuador interested in importing Belarusian tractors and fertilizers
Ecuador interested in importing Belarusian tractors and fertilizers Ecuador is interested in supplies of Belarusian mineral fertilizers, as well as equipment, in particular of Belarusian tractors. A suggestion to work closely on these areas was made at the 32nd General Assembly of the Latin American Parliament. Belarus participated in the conference as an observer for the first time.

07.12.2016

Bankruptcy insurance security system may appear in Belarus
Bankruptcy insurance security system may appear in Belarus The Belarusian parliament proposes to include insurance against bankruptcy in the Labour Code. Thus, of an enterprise is liquidated the employees can count on dismissal pays. The money will be accumulated in a special account. This initiative was supported by trade unions and Belarus.
From art to education and gastronomy: What attracts French businessmen in Minsk
From art to education and gastronomy: What attracts French businessmen in Minsk Belarus and France are thinking about cooperation more seriously than ever. This week, Minsk hosted a business forum, which main topics were culture and gastronomy. Representative of a company:Here we see frame walls to be sent to France, from which a kindergarten will be built.
Alexander Lukashenko: Growth of trade with Irkutsk region is the growth of trade with Russia
Belarus President underlines importance of trade with Russian regions Belarus and the Irkutsk region have to find reserves to increase mutual trade, said President Alexander Lukashenko meeting with the governor of the Russian region, Sergei Levchenko. The turnover in 2016 decreased, especially against the background of a record 2015. However, there are all prerequisites to catch up.
Belarus government sums up work to expand export
Belarus government sums up work to expand export Remove barriers to trade with Russia and increase the export geography are the top priorities discussed by the Belarus government. It has summed up its work on the expansion of exports. Overall, in 2016, Belarus opened five new markets and is now selling products in 160 countries. It is also expanding the list of export commodity positions; however, we are talking about the countries of the Eurasian Economic Union only. As for the EU, Belarus must be more active in promoting its goods there.

06.12.2016

Belarus and Irkutsk Region to intensify cooperation in agriculture, construction
Belarus and Irkutsk Region to intensify cooperation in agriculture, construction Belarus and the Irkutsk region have to find reserves to increase mutual trade, said President Alexander Lukashenko at a meeting with the governor of the Russian region, Sergei Levchenko. Turnover this year has fallen, especially against the backdrop of a record trade volume in 2015. There are all prerequisites to catch up. In the Palace of Independence, the parties identified several areas for possible enhanced cooperation - from agriculture to construction.
Belarus may abolish 'social parasite' law if it proves ineffective
Belarus may abolish 'social parasite' law if it proves ineffective The decree on the prevention of social dependency will remain in force, but the identified deficiencies will be removed from it. The first results of the fight against parasitism in Belarus were summed up on December 6 at the meeting hosted by the head of state. The Government has made proposals to amend the document. At the moment, 9,500 people have paid the 'fee for unemployed'. 4,000 did it voluntarily, after the document came into force. In total, 73,000 notices were sent to Belarusians.

05.12.2016

Polish parliamentary delegation arrives in Minsk December 4
Polish parliamentary delegation arrives in Minsk December 4 Belarus and Poland are ready to discuss a large block of economic issues, including the increase in turnover by about 30%, the embassy of Poland in Belarus told CTV.by announcing the arrival in Minsk of the Marshal of the Polish Senate. The parliamentary delegation from Warsaw arrived December 4 at the invitation of the Council of the Republic. It will attend a meeting of the upper house of the Belarus parliament. A number of other meetings is also scheduled.

02.12.2016

MAZ conducts school bus crash-test
MAZ conducts school bus crash-test The new model of the Belarusian school bus has been tested for durability. The crash test was conducted in Russia. The impact affected only the body of the vehicle. Mannequins on passenger seats, with seat belts on, were not injured. If there were people in the bus during the experiment, they would not have received serious injuries and bruises. MAZ will start producing this make of bus in Minsk in 2017.
Belarus offers Qatar to partake in privatization
Belarus offers Qatar to partake in privatization Belarus offers the Qatar Investment Agency to enter into the banking sector and to participate in the privatization. This was discussed at a meeting in the government on December 2. Belarus considers Qatar as a promising partner. This is confirmed by the positive dynamics in relations between the parties. There are many examples of cooperation and one of them is the construction of a hotel and sports complex for Qatari investments. About $200 million was invested in the project.
Average hotel room price in Minsk about $40
Average hotel room price in Minsk about $40 Prices per night in Minsk hotels are falling, according to hotel management authorities. Oleg Stepaniuk, CTV: How expensive is a hotel stay in Minsk? We do not take luxury hotels or four-star rooms. Let's take a three-star hotel.
Belarus-Azerbaijan trade up 10 times in 2006-2015
Belarus-Azerbaijan trade up 10 times in 2006-2015 Belarus President Alexander Lukashenko received the Ambassador of Azerbaijan to Belarus, Isfandiyar Vahabzade, on December 1 as the diplomat completed his mission in Belarus. The President noted that the past few years had been the most fruitful in the relations between Belarus and Azerbaijan. Over 10 years, the level of trade between the two countries has increased by 10 times.

01.12.2016

When will mortgage become availabile in Belarus?
When will mortgage become availabile in Belarus? When will square meter prices become cheaper, loans more affordable and new opportunities open for solving the housing problem for all Belarusians? These and other pressing issues on November 30 became the subject of discussion in the Oval Hall. The government answered questions of parliamentarians. By the way, this form of work is one of the most efficient in the work of the executive and legislative branches.
Belarusian-French business forum in Minsk: first results and future plans
Belarusian-French business forum in Minsk: first results and future plans Belarus and France will develop the relationship in the new economy, first of all, in IT and infrastructure projects. These days Minsk is hosting the first bilateral business forum. Multimillion-dollar contracts have already been inked. France will buy a large consignment of Belarusian non-polluting houses of timber. The partners also would like to create joint enterprises.

30.11.2016

Velcom to complete Atlant Telecom deal within days
Velcom to complete Atlant Telecom deal within days The mobile operator Velcom has announced the purchase of the Atlant Telecom company, said the mobile carrier's press service. A spokesman for the company said that Telekom Austria Group (TAG) is buying 100% of the authorized capital of the company. After the transaction is completed, Velcom and Atlant Telecom will act as a single company. The deal will be finalized in the next few days, and then Velcom will reveal details about the joint future of the two companies. New major player in Belarus' telecom market
Belarus overhauling trade unions system
Belarus overhauling trade unions system Belarus is modernizing trade unions that are members of the Belarusian Federation of Trade Unions (FPB). A decision on the need to merge the related organizations was made at 7th FPB Congress in 2015. This will enable the organization to more effectively solve problems. In addition, it allows exchanging professional knowledge. In 2016, trade unions in industry, energy, transport and forestry were merged. The next step is the unification of structures in the Belarus Armed Forces.
Belarus does not violate EEU customs duty regulations
Belarus does not violate EEU customs duty regulations Belarus fully complies with the procedure of inclusion and distribution of import customs duties. The control bodies of the Eurasian Economic Union's member countries have held talks coordinated by Belarus. Experts discussed the results of the joint financial audit, which first took place in the framework of the Eurasian Economic Union (EEU). There have been not violations by Belarus recorded. The Belarus budget receives more than 4.5% of the total amount of import customs duties of the EEU.

29.11.2016

Problems and achievements of Belarusian automotive holding groups
Problems and achievements of Belarusian automotive holding groups Late November 2016 Belarus President Alexander Lukashenko made it clear that machine industry is extremely important for the country. He mentioned modern technology, export and underlined the importance of 150,000 jobs in the sphere. Belarusian vehicles are quite popular in Russia and Europe. However, it is not always easy to find sales destinations. This was discussed at the meeting hosted by the President. There were over 80 machine industry representatives from all the 16 Belarusian automotive holding groups.
Belarus economy minister: average salary of $500 is very hard task
Belarus economy minister: average salary of $500 is extremely hard task Inflation in Belarus in 2016 will keep at the planned level, said Belarus government on November 29.The council of ministers noted also that Belarus is timely settling with foreign loan holders and continues to work with the International Monetary Fund. The government said that the refinancing rate in 2016 was reduced on three occasions and this is an important factor for economic growth, including the increase of the average salary in the country to $500.
Belarus, Azerbaijan agree to reach turnover of $700 million in 2017
Belarus, Azerbaijan agree to reach turnover of $700 million in 2017 Belarus and Azerbaijan have agreed to reach a turnover of $700 million in 2017. Alexander Lukashenko and Ilham Aliyev agreed that the cooperation between the two countries has a lot of untapped reserves. One of the steps in this development is the creation in Minsk and Baku of national trading houses. Belarus intends to cooperate with Azerbaijan in the field of petrochemistry and cotton processing.

28.11.2016

Prospects of electric transport in Belarus
Belarusian Tesla owners impressed with cars Belarus should reflect on the construction of electric cars, shouldn't it? After all, we've managed to make electric buses, trams and trolleybuses. Light vehicles in electric engines have not yet filled the world market, but it is these cars to which the future belongs (if no one comes up with trucks driven by the power of thought). Besides, Belarusian realities suggest the way of Tesla - with scarce oil supplies and given that the country will have more than enough of its own electricity from the Belarusian NPP. Yana Shipko has more.
Belarus President critical over state of mechanical engineering
Belarus President critical over state of mechanical engineering Belarusian trucks, passenger cars and buses have to compete with Swedish Volvo and Scania and it's not easy. However, an interesting fact: Volvo group has recently been bought by the Chinese company Geely, whose cars are produced in Belarus. In this chain, Belarus could find benefits for its automobile industry. Firstly, this fact gives some weight to the brand BelGee. And new models of the Belarusian-Chinese cars are being developed together with Volvo. But experts say: each product will find a buyer if you sell aptly and establish production process well.
South Sinai signs cooperation memorandum with Minsk region
South Sinai signs cooperation memorandum with Minsk region The Minsk region has reached an agreement on cooperation with one of the largest and most developed regions of Egypt. The sides signed a memorandum on mutually beneficial relations in the socio-cultural and trade-economic spheres. This is the first visit of the South Sinai delegation to Belarus. Over the first 9 months of 2016, the turnover of Minsk with Egypt amounted to approximately $2.5 million.
Vladimir Semashko: decline in Belarusian industry has ended
Vladimir Semashko: decline in Belarusian industry has ended The decline in the Belarusian industry has ended, said November 26 Deputy Prime Minister Vladimir Semashko. The economy begins to recover. Companies are investing in the development and construction of new plants. They are also entering new markets. As practice shows strong enterprises become even stronger after the crisis.

25.11.2016

Reactor vessel for  Belarusian NPP delivered to Novovoronezh
Reactor vessel for Belarusian NPP delivered to Novovoronezh Nearly a thousand kilometers upstream. A reactor vessel for the Belarusian nuclear power plant has been delivered from Volgodonsk in Novovoronezh by water. The heart of the power unit was in water voyage for 20 days. By the way, this leg of the journey was the most difficult. The vessel had to move virtually at a pace of a pedestrian since the river became too shallow. It took 8 hours to take the 300-ton vessel off the barge to the ground. The vessel will be in Novovoronezh for a few more days. Ahead is a long way by railroad.
Belarus President to pay official visit to Azerbaijan 28-29 November
Belarus President to pay official visit to Azerbaijan 28-29 November The President of Belarus will make an official visit to Azerbaijan on 28-29 November. Alexander Lukashenko and Azerbaijani President Ilham Aliyev are expected to hold talks. The two leaders will discuss the state and prospects of development of Belarusian-Azerbaijani relations. The sides are also expected to sign several bilateral documents. Alexander Lukashenko will also meet with the Prime Minister of Azerbaijan.
Belarus President demands radical improvement in machine building complex
Belarus President demands radical improvement in machine building complex The President of Belarus requires to radically improve the situation in the field of mechanical engineering. Alexander Lukashenko said this on November 24 at a meeting on the development strategy of the industry. Taking part in the meeting are representatives of the Government, relevant ministries, heads of Belarusian enterprises, scientists, as well as those who use the products of Belarus' mechanic engineering.
Single Settlement and Information Space of Belarus to be synced with international payment systems
Foreign cardholders to get access to Belarus' Single Settlement and Information Space (ERIP) The Single Settlement and Information Space (in Russian: ERIP) will be adapted to international payment systems. Foreign cardholders will soon be able to find ERIP services. Thus those who live abroad will get an opportunity to pay for Belarusian services, including tickets and utility bills. Optimizing the system will the new Software Development Center established in Belarus. The company will upgrade the technical platform, on which the majority of Belarusian banks operate. Investment in the project will amount to more than $1 million.

24.11.2016

President demands improvement in Belarus' mechanical engineering
President demands improvement in Belarus' mechanical engineering The President of Belarus requires to radically improve the situation in the field of mechanical engineering. Alexander Lukashenko said this on November 24 at a meeting on the development strategy of the industry. Taking part in the meeting are representatives of the Government, relevant ministries, heads of Belarusian enterprises, scientists, as well as those who use the products of Belarus' mechanic engineering.
Profitability of Belarusian agricultural exports exceeds 20%
Belarus to introduce law on organic products in 2017 Return on sales of Belarusian agricultural products to foreign markets exceeds 20%. For example, a ton of beef gives profits of almost $750, a ton of cheese about $1,300, according to Minister of Agriculture and Food Leonid Zayats.
Belarus and Austria discussing mutual projects
Belarus and Austria discussing mutual projects Minsk and Vienna have resumed the work of all mechanisms of economic cooperation development. That was the leitmotif of the 13th session of the Belarusian-Austrian intergovernmental commission on bilateral trade and economic cooperation. This meeting in the Belarusian capital brought together the business circles of the two countries: 25 Austrian and over 100 Belarusian companies.

23.11.2016

Belarus 31st in IT development ranking
Belarus 31st in IT development ranking Belarus has risen five notches in the ranking for the development of information and communication technologies, and took 31st place. Countries were assessed in 11 positions.  Among them was access to information and communication technologies, the number of active Internet users and people's Internet skills. Topping that ranking is the Republic of Korea. All in all there are 175 countries on the list. Belarus' Eurasian Economic Union allies - Russia and Kazakhstan - are 43rd and 52nd, respectively.
Confederation of Indian Industry may open office in Belarus
Confederation of Indian Industry may open office in Belarus Belarus hopes to reach a higher level of trust of the strategic partnership with India. Belarusian logistics, expanding the horizons of trading, are actively involved in the delivery of goods to Indian colleagues.  With their help, Belarusian-made goods are exported not only to India but also to Pakistan, the UAE and other countries in Southeast Asia. The next step could be the opening in Belarus of an office of the Confederation of Indian Industry.
Belarusian-Austrian commission on trade-economic cooperation to meet in Minsk on November 23
Belarusian-Austrian commission on trade-economic cooperation to meet in Minsk on November 23 From health care to petrochemical industry. Belarus and Austria have more and more common topics. The practical benefits of the partnership will be discussed on November 23 in Minsk. There is planned a meeting of the Belarusian-Austrian intergovernmental commission on trade-economic cooperation. There will be held talks between business circles of the two countries. The parties will touch on the widest range of issues: medicine, construction, logistics, transport, food industry and other promising areas.

22.11.2016

Minsk electric bus entering new markets
Minsk electric bus entering new markets The manufacturer of Belarusian electric buses is considering the possibility of supplies to Romania, Bulgaria and Turkey. There is some interest from Europe too. Electric buses will start plying the city of Minsk next week. However, these will be only tests. Buses will go without passengers. E-bus Vitovt is the first environmentally-friendly mode of transport produced in Belarus. It was presented this spring. The vehicle can go without contact with the network and then be recharged on the endpoints.
Belarus mulling over salary compensation fund for workers of bankrupt enterprises
Belarus mulling over salary compensation fund for workers of bankrupt enterprises The Federation of Trade Unions of Belarus (FTU) proposes to establish a fund for the compensation of salaries to workers of bankrupt enterprises. The draft plan is going to be adopted in 2018. The Council of the Fund will consider all cases individually and determine the size of cash payments. The FTU believes that the introduction of insurance against loss of earnings would improve the social protection of workers and guarantee payments.
Belarus, Russia and Armenia sign agreement on support for innovations
Belarus, Russia and Armenia sign agreement on support for innovations Belarus, Russia and Armenia are strengthening business ties. The countries have signed a trilateral agreement to support entrepreneurs and innovations. The document has already been signed. Until the end of 2016, Moscow, Yerevan and Minsk are planning to develop a business road map, which will help remove borders between the two countries for small and medium-sized businesses.

21.11.2016

Alexander Lukashenko meets EPC Group's Jens Henkel
Alexander Lukashenko meets EPC Group's Jens Henkel The Belarus President has met with a representative of German business in the Palace of Independence to discuss a joint investment project on the modernization and development of the enterprise Mogilevkhimvolokno. EPC Group has declared its interest in this project. It unites 9 branches in Germany and ranks among the top 100 German companies. The main activity is construction of industrial plants in petrochemical, chemical and pharmaceutical industries as well as renewable energy.
The average salary in CIS countries
To achieve average salary of $500 in Belarus: challenge accepted While visiting Mogilev Region at the beginning of the week and giving a press conference later, the President of Belarus has initiated to discuss and to implement the task that has excited both journalists and working class people. It has been the task to make the average salary be equal to no less than $500. In other words, an average Belarusian must earn BYN1,000 a month. And ‘to earn’ is the key word here, as no money will fall from heaven or even from local authorities.

18.11.2016

Belarus overhauling collective state farms
Belarus overhauling collective state farms Agriculture should be given the opportunity to work properly, said the Belarus President during the meeting on the reorganization of collective farms on November 18. This issue was raised long ago. Existing statutes are not in harmony with the provisions of the Civil Code. All farms need to be converted into a new organizational and legal form by 31 December. However, such innovations have caused a lot of disputes. “Will it hurt peasants?” asked the President.
Belarus, Qatar working to implement cooperation road map
Qatar finance minister arrives in Belarus The implementation of several large projects of Belarus and Qatar will be the best demonstration of mutual interest, said Alexander Lukashenko on November 18 received a delegation from that country, headed by the Minister of Finance Ali Shareef Al-Emadi.
Association of business angels appears in Belarus
Association of business angels appears in Belarus The Association of Business Angels has been established in Belarus. This is a community of investors willing to invest in new technology start-ups. As part of the project, young entrepreneurs will learn the most important - finding investors for the implementation of their business plans. World-renowned business angels will come to Belarus with master classes.
Belarus President holds press conference for Russian media: six hours and over 30 questions
Belarus President holds press conference for Russian media: six hours and over 30 questions Belarus-Russia relations have every chance to reach a qualitatively new level. It was announced on November 17 by Alexander Lukashenko during a press conference for regional media representatives of Russia. The conference became a final part of a multi-day press tour across Belarus. That was the 13th such meeting. The President told journalists it was his favorite number, by the way.

17.11.2016

Integration with Russia top topic at Belarus President's meeting with Russian journalists
Integration with Russia top topic at Belarus President's meeting with Russian journalists Belarusian-Russian relations have the opportunity to reach a qualitatively new level, said November 17 the Belarus President during a press conference for representatives of regional mass media of Russia. Meetings in this format are traditional. The current one is the 13th in a row. By the way, the President, talking to reporters, admitted that it is his favorite number. A live broadcast of the press conference is organized by the First Channel of the Belarusian Radio.
Minsk 2nd in Europe in business expenditures efficiency
Minsk 2nd in Europe in business expenditures efficiency Business attractiveness of Minsk is growing. At this time, the capital of Belarus was recognized the second in the top ten European cities in terms of the efficiency of doing business expenditures. Research results have been voiced in a very influential financial publication. In addition, Minsk is in the top ten cities with the best strategy to attract foreign direct investment. Now about 50 contracts worth $6 billion are being implemented. China, Cyprus, Iran, Russia, Lithuania and Qatar are Minsk's main partners.
Belarus President holds 'trustful' dialogue with Russian journalists
Belarus President holds trustful dialogue with Russian journalists A press conference is being held by the President of Belarus at the Independence Palace for representatives of regional mass media of Russia. It completes the press tour, in which about 100 journalists and bloggers are taking part. Before that, they got acquainted with the socio-economic development of Mogilev region. Meetings in this format are traditional. This is the 13th in a row.
EEU prime ministers agree on Customs Code November 16
EEU prime ministers agree on Customs Code November 16 The prime ministers of the countries of the Eurasian Economic Union on 16 November agreed on a draft of the Customs Code of the Eurasian Economic Union (EEU). The meeting of the Intergovernmental Council was held in Gorki near Moscow. The heads of government of Russia, Armenia, Kazakhstan, Kyrgyzstan and Belarus did come to a common denominator. Prior to that, five such meetings were held, with the latter taking place in Minsk.

15.11.2016

President Lukashenko meets the workers of MogilevKhimvolokno
Belarus President visits MogilevKhimvolokno company The President of the Republic of Belarus has visited MogilevKhimvolokno company. By 2020, this giant of Belarusian chemical industry will turn into an entirely new enterprise. Modernization will ensure the needed radical qualitative changes, according to the task given by President Lukashenko. Many people have worked here for decades, like their parents did, along with their spouses and adult children.
Unused industrial areas in Minsk to be offered to investors
Investors welcome to acquire unused industrial areas in Minsk Available industrial areas should be used rationally, said Belarus President at the November 15 meeting on state property. One example of long-vacant buildings in Minsk is nearly 20 buildings of the Minsk Association of Computer Technologies. Back in early 2014, the Head of State ordered their alienation. During one year, the property was to be sold.
Belarus' exposition opens at International Trade Fair in New Delhi
Belarus' exposition opens at International Trade Fair in New Delhi Belarusian MAZ trucks, famous candies and road machinery in India. A national exposition of Belarus opened at the international trade fair in New Delhi. The country has presented famous domestic brands. These are products from 60 Belarusian companies in the field of mechanical engineering, petrochemical, light and food industries. During the national exposition, Belarus will present its companies and their products. There will also be a business matchmaking session. The 10th meeting of "Belarus-India" Business Council will take place, too.

14.11.2016

Belarusian fiscal authorities reduce number of inspections
Belarusian fiscal authorities reduce number of inspections The fiscal authorities of Belarus managed to reduce the number of inspections. At the same time, the efficiency has grown. The authorities check only those places where there are violations. Thus, the intrusion into the activity of obedient entities is minimal. Inspectors are using a non-contact type of inspections, a so-called cameral tax audit. The numbers prove the efficiency of this system. There were about 20,000 inspections last year. This year, the number of inspections has amounted to 13,000.
Innovative thinking and success strategy: Global Entrepreneurship Week in Belarus
Innovative thinking and success strategy: Global Entrepreneurship Week in Belarus About 500 million dollars will be allocated to the development of small and medium-sized business in Belarus in the next five years. It is expected that the share of private entrepreneurs will amount to 40% of GDP. Now, their share is about a third of GDP. That was discussed at the opening of the international forum of entrepreneurship on November 14. More than 500 representatives from Russia, the USA, Czech Republic and Germany participated in the forum.
Germany to modernize Belarus' MogilevKhimvolokno company
Germany to modernize Belarus' MogilevKhimvolokno company The Mogilev-based company Mogilevkhimvolokno will be modernized by 2020 to become an entirely new business. Radical changes will come thanks to modernization. This task was set by Alexander Lukashenko during a visit to the giant of the chemical industry. The Head of State stressed the need not to stretch the timeline and demanded the finish of works as soon as possible. Modernization will take place in two stages and as a result the company will start producing products that are now in demand in the market.
Belarus President wants to return salaries to $500 in 2017
Belarus President wants to return salaries to $500 in 2017 Return the average salary in Belarus to the level of $500 in 2017 was an order given by the Belarus President during his working trip to the Mogilev region. Alexander Lukashenko got acquainted with the prospects of development of Mogilev. The Head of State was informed about the fulfillment of his instructions on the improvement of Mogilev's neighborhoods. Alexander Lukashenko, President of Belarus:Please report to me on salaries. Your level and the level of the republic.
Global Entrepreneurship Week to in Minsk November 14
Global Entrepreneurship Week to in Minsk November 14 Innovative thinking and modern strategies in the business world. On 14 November, Belarus for the sixth time will become part of the Global Entrepreneurship Week. It is an international project that brings together the business community from over 160 countries. During this week, you can communicate with representatives of the authorities, lawyers and successful businessmen any questions you like, as well as present your ideas and acquire a business angel.

13.11.2016

Alexander Lukashenko about agriculture and development of agrotowns
Belarus President concerned about agrotowns development The President of Belarus demands to increase the level of the development of agrotowns in Belarus. On November 12, the president visited the Mogilev region and held a meeting on the development of agrotowns in the Orsha and Shklov districts. In particular, they discussed proposals for further improvement of the production sector of several agricultural towns of the Shklov district with the creation of complex integrated structure based on local enterprises.

12.11.2016

Belarus’ President holds meeting on development of agrotowns in Orsha and Shklov districts
Belarus’ President holds meeting on development of agrotowns in Orsha and Shklov districts The President of Belarus demands to increase the level of the development of agrotowns in Belarus. On November 12, the president visited the Mogilev region and held a meeting on the development of agrotowns in the Orsha and Shklov districts. In particular, they discussed proposals for further improvement of the production sector of several agricultural towns of the Shklov district with the creation of complex integrated structure based on local enterprises.

11.11.2016

EAEU conference in Gomel: No trade barriers between member countries
EAEU conference in Gomel: No trade barriers between member countries There shouldn’t be any barriers between countries of the Eurasian Economic Union (EAEU). That’s the main topic of the EAEU international conference held in Grodno. The business terms should be equal for all five member countries. However, according to participants of the conference, the court heard at least 10 appeals in 2015. All of them were referred to the violation of common rules of competition.   Due to the investigation, it was possible to reduce the cost of roaming on the territory of the Eurasian Economic Union.
Good partner: How much does Turkey invest in Belarus?
Good partner: How much does Turkey invest in Belarus? The head of Turkey is expected in Minsk with an official visit. November 11 will be the day of big politics. President Alexander Lukashenko's talks with Recep Erdogan will set the overall tone for the business circles of the two countries. More than 400 companies have already registered to take part in the Belarusian-Turkish business forum.

10.11.2016

Companies from China and Belarus intend to expand cooperation
Companies from China and Belarus intend to expand cooperation Minsk these days has become a platform which presents more than 40 companies from the Xinjiang Uygur Autonomous Region of China. This presentation is a logical continuation of Belarus' participation in the fifth exhibition China-Eurasia in the city of Urumqi. China is among the top three trading partners of Belarus. This is confirmed by the bilateral trade figures. In 2015, Belarus-China trade amounted to more than $3 billion.

09.11.2016

Products of Chinese Xinjiang Uyghur Autonomous Region presented at Minsk’s exhibition
Products of Chinese Xinjiang Uyghur Autonomous Region presented at Minsk’s exhibition The cooperation in agriculture and mechanical engineering is a priority for Belarus and the Xinjiang Uyghur Autonomous Region of China. Minsk received a delegation from more than 40 Chinese companies. The product of these companies were presented at the exhibition that took place in the framework of the program of the comprehensive strategic partnership between Belarus and China.
New quality management level at Belarusian enterprises by 2018
New quality management level at Belarusian enterprises by 2018 A new quality competition involving Belarusian products will be established in Belarus. Research will be held in independent laboratories. The main purpose of the contest is to raise the level of Belarusian goods. In addition, by 2018, companies are expected to move to a new level of quality management, according to international standards. In the next five years, Belarus will implement a set of measures that will allow Belarusian products to enter new markets and introduce European approach to production.
Food Forum in Minsk: Belarusian goods in demand in entire CIS
Food Forum in Minsk: Belarusian goods in demand in entire CIS For many, the brand "Made in Belarus" is a synonym for the word "quality." By the way, the current week in Europe is being held under this very sign - quality. These days, Belarus will hold dozens of trainings, business meetings with leading experts in the major cities of the country. On November 8, the largest food forum started in Minsk. Guests are leaving positive feedback, and possibly will go home with new contracts. 

08.11.2016

Belarus' MTZ presents powerful 450hp tractor in Minsk
Belarus' MTZ presents powerful 450hp tractor in Minsk On October Revolution Day, November 7, Minsk Tractor Works (MTZ) presented another novelty. This is a powerful that has 450hp under the hood. At the moment, it is the most powerful machinery in the former Soviet Union. The new Belarus tractor can replace 15 conventional tractors in a field. The presentation took place during the International Team Power Extreme World Cup. The participants used the new model to set a world record - pull a 18-ton tractor 6 meters.
Belarus export at $17 billion in January-September 2016
Belarus export at $17 billion in January-September 2016 Statistics is in favor of Belarusian producers. During the first 9 months of 2016, Belarus' exports grew by 4% compared to the same period in 2015. In numerical terms, in September, the export exceeded $2.7 billion. In general, since the beginning of 2016, Belarusian enterprises sold abroad goods worth almost $17 billion. Companies have also increased the range and scope of services provided. The positive balance in services is $1.7 billion.
Movie about tractor Belarus wins two silver dolphins in Cannes
Movie about tractor Belarus wins two silver dolphins in Cannes Over 70 years, tractors Belarus traveled to 76 countries. After the success of the short film "Bread Winner" at the Cannes Corporate Media & TV Awards, MTZ tractors have become world celebrities. The CTV reporter has gone to Novosibirsk, where the authors of the movie live, in order to figure out for what their work received two silver dolphins.

07.11.2016

Minsk National Airport becomes airline hub due to increased transit passenger flow
Minsk National Airport becomes airline hub due to increased transit passenger flow Minsk National airport got the status of a hub. The airport became an airline hub due to increased transit passenger flow. There is about 30% of such travelers. The percentage of transit passengers improves the status of the airport and its importance in Europe. This month the airport plans to welcome its 3-million passenger. Now there is modernization of the air gates of Minsk.

05.11.2016

Alexander Zaborovsky: 10 billion dollars to be invested in Belarus in 2017
Alexander Zaborovsky: 10 billion dollars to be invested in Belarus in 2017 Investments in fixed capital in 2017 should amount to more than 22 billion denominated rubles, which is more than 10 billion dollars, said First Deputy Minister of Economy of the Republic of Belarus Alexander Zaborovsky. A quarter of the resources will be spent on Infrastructure projects and social sector. It includes construction of roads, residential houses and development of logistic potential. Three quarters will be spent on the real sector of economy.

04.11.2016

New air traffic control center to appear in Minsk in 2018
New air traffic control center to appear in Minsk in 2018 Construction of a new air traffic control center in Minsk, Belarus, will be completed in 2018. On November 4, a commemorative capsule was laid on this occasion in the neighborhood Sokol, where it will be based. In fact, this is the start of a milestone project. Need to create a new center is due to the increase in the number of flights over Belarus. More than 700 aircraft cross the territory of Belarus during 24 hours. First of all, the Mission Control Center will provide security.
IMF technical mission on state-owned enterprises starts work in Belarus
IMF technical mission on state-owned enterprises starts work in Belarus A technical mission of the International Monetary Fund has started work in Belarus. Currently the sides are discussing the possibility of a three-year cooperation program that would be supported by a loan of $3 billion for 10 years. The IMF puts forward a number of requirements in order for the loan to be issued. The technical mission on state-owned enterprises has arrived in Belarus on the invitation of the Government and the National Bank.
Dairy companies of Minsk region expanding range of export products
Dairy exporters from Minsk region expanding range of products Dairy exporters from the Minsk region are improving their export opportunities, expand the range and improve quality of products that could be interesting to foreign consumers. The Kapyl branch of the Slutsk plant for the production of cheese, butter, dry milk products exports to Russia and Kazakhstan more than 90% of its products. In 2017, it is planning to produce whey powder, without mineral salts.
Joint production of tractors and economic cooperation: SCO summit opens in Bishkek
Joint production of tractors and economic cooperation: SCO summit opens in Bishkek Kyrgyzstan has resumed the assembly of Belarusian tractors. The opening ceremony of the production facility took place in Bishkek. This city became the center of continental politics on November 3. It is hosting the Council of Heads of Government of the Shanghai Cooperation Organization, with Belarus being here as an observer. The main issue is economic cooperation. Belarus offered to expand industrial cooperation within the SCO. On November 3, an assembly plant for MTZ tractors has started work in Bishkek.

03.11.2016

Belarus seeking ways to increase teachers' salaries
Belarus seeking ways to increase teachers' salaries 70 kindergartens are going to be built in Belarus by 2020. Special class students who entered the Pedagogical University without exams will have to work 5 years after graduation at their first job after university. These and many other issues were discussed on November 2 in Tolochin, Vitebsk region. In the spotlight was social policy, including health. Vitebsk region, by the way, has one of the lowest infant mortality rates.
Belarus' trade with UAE: Why $30 million is not enough?
Belarus' trade with UAE: Why $30 million is not enough? The creation of joint ventures and the development of mutually beneficial projects, the delivery of food products and emphasis on the exchange of innovative technologies. Middle Eastern trade prospects of Belarus are now being discussed by the expert community. The level of political and interpersonal relations between Belarus and the countries of the Persian Gulf, such as Qatar and the United Arab Emirates, is quite high today. But economic cooperation can definitely grow and the sides need to increase mutual trade.
Belarus, Kyrgyzstan resume assembly of tractors
Belarus, Kyrgyzstan resume assembly of tractors Belarus and Kyrgyzstan have resumed the assembly of tractors in Bishkek. An opening ceremony was held on November 3 production with the participation of the Prime Minister of Belarus. The assembly facility will produce up to 5,000 tractors per year. The sides plan to sell the vehicles not only in Kyrgyzstan. The possibility of exporting machinery to China and Turkmenistan is being worked out. Delivering tractor kits to the assembly plant in Kyrgyzstan the MTZ plans to use customs regime called "free warehouse".
Belarusian producers strike profitable deals with Kazakhstan
Belarusian producers strike profitable deals with Kazakhstan New contracts for the supply of meat and milk products. Belarusian producers have returned from Kazakhstan with orders worth $10 million. A little more modest are results of the negotiations for the supply of furniture - $2 million. In addition, Kazakh partners are interested in expanding the assembly production of combine harvesters at a joint venture in the city of Kostanay. The country already has three dealerships and demand for equipment is growing.

02.11.2016

Minsk Wheel Tractor Plant to supply off-road dump truck to UAE
Minsk Wheel Tractor Plant to supply off-road dump truck to UAE Alexander Lukashenko met with Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. Prospective projects worth tens of millions of dollars were discussed at the meeting. Next year, the Minsk Wheel Tractor Plant will supply off-road dump trucks to the UAE. Belarus is also interested in increasing export of food products and construction materials. Strategic projects are planned in the field of high technologies and military and technological cooperation.

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