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Economy & business

10.02.2017

Belarus not going to issue excessive money to stimulate economy
Belarus not planning excessive money emission to stimulate economy Belarus is not going to print excessive money, while trying to find new growth points. Such tasks were set by the President at the meeting with experts on socio-economic policy on February 10. Taking part in the February 10 meeting are economists holding key positions today as well as former leaders who assumed high government positions. According to Alexander Lukashenko, Belarus used different approaches to economic management. The main requirement is that the steps taken don't create prerequisites for the destabilization of the situation in the future.
Fewers inspections of small and medium business in Belarus
Fewers inspections of small and medium business in Belarus The ministry of emergencies of Belarus completely ceases checks of small and medium-sized businesses. Now businessmen and managers themselves will be responsible for fire safety. Such a move is logical since the number of accidents becomes smaller every year. This makes it possible to optimize the work of the ministry. Now the ministry is revising fire safety requirements. They should become more accessible and easier.

09.02.2017

Will trust management replace privatization in Belarus?
Will trust management replace privatization in Belarus? Belarus may introduce the institution of trust management of enterprises. On February 9, the Government presented the new legislative initiative to the President. Its meaning is simple. Unprofitable plants, factories and state-owned agricultural farms will be given to private investors temporarily (for five years). The new leadership should help restore the operation of these companies, and in return the temporary managers will keep part of the profits.
President Lukashenko comments on trust management of enterprises
Belarus considering alternatives to privatization Belarus may introduce the institution of trust management of enterprises. On February 9 the Government presented the new legislative initiative to the President. Its meaning is simple. Unprofitable plants, factories and state-owned agricultural farms will be given to private investors temporarily (for five years). The new leadership should help restore the work of these companies, and in return the temporary managers will keep part of the profits.

08.02.2017

Belarus' Economy Ministry wants more contribution from scientists
Belarus' Economy Ministry wants more contribution from scientists On February 8 Belarusian MPs discussed economic issues. At the legislative level, they are ready to do everything necessary for stimulating business initiative in the country. The program of social and economic development, which ensures a decent standard of life of Belarusians, requires innovative approaches to its implementation.
Belarus to reduce natural gas consumption by 20% after NPP launch
Belarus to reduce natural gas consumption by 20% after NPP launch Natural gas consumption in Belarus will reduce by 20% after the launch of the Belarusian nuclear power plant, said Belarusian MPs on February 8. Today natural gas is the main resource producing heat and electricity in Belarus. However, the situation with world prices for natural resources is forcing the country to look for alternative sources of energy.
Belarus insists on investigation into Russia's food bans
Belarus insists on investigation into Russia's food bans Alexander Lukashenko urges Russia to sort things out before introducing bans on the supply of food from Belarus. The Belarusian leader touched on the topic of Belarus-Russia disputes about the quality of food products meeting with the governor of the Kostroma region February 7. According to Alexander Lukashenko, cooperation of Belarus with Russian regions strengthens relations between the two countries, especially in times like these, when they undergo a series of disagreements, including on the supply of products.

07.02.2017

Belarus wants to find bottlenecks in relations with Russia
Belarus wants to find bottlenecks in relations with Russia Alexander Lukashenko urges Russia to sort things out before introducing bans on the supply of food from Belarus. The Belarusian leader touched on the topic of Belarus-Russia disputes about the quality of food products meeting with the governor of the Kostroma region February 7. According to Alexander Lukashenko cooperation of Belarus with Russian regions strengthens relations between the two countries, especially in times like these, when they undergo a series of disagreements, including on the supply of products.
Salaries in Belarus to increase through economic efficiency only, President says
Salaries in Belarus to increase through economic efficiency only, President says Is it possible to make the average salary reach $500 in Belarus? How soon? And by means of what resources? Belarus President Alexander Lukashenko gave simple and clear answers.Alexander Lukashenko, the President of the Republic of Belarus:
Norwegian shares impressions about tractor Belarus
Norwegian shares impressions about tractor Belarus Belarusian tractors have become almost a family member for their foreign owners. One of the fans of the tractor Belarus is a Norwegian man.He took part in a new promotional video. His confession was really unusual. He admitted that if the tractor was a woman, she would be in his bed! Life goes in its measured way to the north-east of Oslo. This region is traditionally agricultural. There are a lot of plains here. Buildings are prohibited in these fields. This land can be only cultivated. In addition, tractors Belarus cope well with it.
Belarusian baby food and milk powder to be supplied to Egypt
Belarusian baby food and milk powder to be supplied to Egypt The Ministry of Agriculture of Belarus has announced that Belarus and Egypt would establish a joint venture for the production of greenhouses. Nowadays, a delegation from Egypt is visiting Belarus. Moreover, the African state is interested in the exchange of technologies and training in the agricultural sphere. In addition, the delegation is adopting Belarusian methods of baking rye bread. Belarusian baby food and milk powder have real potential. These products are going to be delivered to Egypt.
Belarus President comments on food disputes with Russia
Belarus President comments on food disputes with Russia The Big Conversation with the President was event number 1 last week. And one of the main topics of conversation was the difficult relations between Belarus and Russia. Not between the peoples of the two countries, stressed the President, but between the political elites and economic barons ("barons" mainly on the Russian side).
Belarus, Kostroma region to increase trade turnover
Belarus, Kostroma region to increase trade turnover Kostroma Oblast of Russia is interested in export of Belarusian goods. A delegation from that Russian region are now with the official visit to Minsk. It includes not only government officials but also businessmen. On 7 February, the Russians are scheduled to hold a series of meetings with the country's leadership. However, the delegation has already appreciated the quality of Belarusian products: on February 6 the guests visited some Belarusian enterprises.

06.02.2017

Maksim Ryzhenkov, First Deputy Head of the Presidential Administration of the Republic of Belarus
70 high-profit enterprises and 9,000 new jobs to be created in Belarus by 2020 More than 70 high-profit export-oriented enterprises as well as the creation of approximately 9,000 new jobs are planned in Belarus by 2020. The country has adopted the state program of innovation development for five years. Belarus’ head of state has signed the corresponding decree.
Fitch confirms stable long-term rating for Belarus
Fitch confirms stable long-term rating for Belarus The international rating agency Fitch has confirmed the long-term rating of Belarus with a stable outlook. It speaks of balanced risks in the foreign exchange market. The agency believes that Belarus' rating may be even more positive, subject to a number of factors, such as reduced pressure in the area of ​​external financing. Fitch Ratings International Corporation is one of the most respected agencies and is part of the big three of the major rating agencies of the world.

04.02.2017

Unmanned aircraft systems are future of Belarus
Unmanned aircraft systems are future of Belarus Unmanned aircraft systems are the future of Belarus! They are becoming increasingly popular now. Moreover, they allow expanding the range of possibilities every year. Unmanned aerial vehicles, commonly known as drones, were developed five years ago on the basis of the Belarus National Academy of Sciences. Each unmanned aircraft system which has been developed by Belarusian scientists deserves special attention.
Housing construction rate in Minsk to be gradually reduced
Housing construction rate in Minsk to be gradually reduced The rates of housing construction in Minsk will be gradually reduced, said the President of Belarus, Alexander Lukashenko, at a meeting with public representatives of Belarusian and foreign mass media. Alexander Lukashenko:With regard to lending for housing, I also talked about it. We first of all consider this question from the point of view of the locomotive of our economy, and we will try to create conditions for more housing construction.

03.02.2017

Belarus President promises to sort out cases of 'raids' on investors
Belarus President promises to sort out cases of 'raids' on investors President of Belarus Alexander Lukashenko has promised to sort out facts of "raids" on investors. He said this at a meeting with public representatives of Belarusian and foreign mass media on February 3. Alexander Lukashenko, President of Belarus:We will sort out cases when investors are offended. We have a totally different policy. If this is the case, please report to me, I have enough power for that. We have people who will sort out cases of "attacks" or "racket". Photo: BELTA
President Lukashenko: Private property on land premature
President Lukashenko: Private property on land premature Introducing private ownership of land in Belarus is premature for now, said President Alexander Lukashenko at a meeting with public representatives of Belarusian and foreign mass media on February 3. Photo: Official Internet portal of the President of the Republic of Belarus
Belarus lost $15bn because of price disparities in Belarusian and Russian markets
Belarus lost $15bn because of price disparities in Belarusian and Russian markets Because of disparities in prices in Belarusian and Russian markets Belarus lost $15 billion, said President of Belarus Alexander Lukashenko at a meeting with public representatives of Belarusian and foreign mass media.
Belarus President personally controls situation at largest industrial enterprises
Belarus President personally controls situation at largest industrial enterprises Hard times have hit both private and public enterprises, said President of Belarus Alexander Lukashenko at a meeting with public representatives of Belarusian and foreign mass media. The President said that he personally controls the state of affairs at such industrial giants as MTZ, MAZ, Gomselmash, BMZ and compares with what is happening at privatized firms such as Amkodor.
Belarus President on results of 2016: Peace, stability and social protection
President Lukashenko on results of 2016: Peace, stability and social protection How will salaries increase in Belarus? This question was the first that sounded during the big conversation with the Belarus President on February 3. At the moment the President continues the dialogue with representatives of the public and journalists.
Belarus President: Benefits will be given to only profitable projects
Belarus President: Benefits will be given to only profitable projects Benefits will be given in Belarus only to projects that will give results. This was stated by President of Belarus Alexander Lukashenko at a meeting with representatives of the public, Belarusian and foreign media.
Belarus President demands fewer controls over businesses
Belarus President demands fewer controls over businesses It is proposed to revise the system of inspections of entrepreneurs in Belarus. In particular, it is proposed to decrease the number of control measures. This was stated by President of Belarus Alexander Lukashenko at a meeting with representatives of the public, Belarusian and foreign media.
Belarus President insists on salaries of $500 in 2017
Belarus President insists on salaries of $500 in 2017 The requirement to raise the average salary in Belarus to $500 in 2017 must be performed, requires President of Belarus, Alexander Lukashenko, at a meeting with representatives of the public, Belarusian and foreign mass media, according to Belarusian media. "No matter what but [an average salary of] $500 needs be in place," said the head of state.

02.02.2017

Belarus, Pakistan MPs discuss joint projects
Belarus, Pakistan MPs discuss joint projects Pakistan's parliamentarians have discussed with their Belarusian counterparts a number of issues of bilateral cooperation, including import duty cuts on cargo and passenger vehicles, the possibility of granting state preferences to Belarusian companies and scientific-technical cooperation. The meeting was held in the Council of the Republic. The parties then signed a joint statement and a memorandum of understanding.
Belarus, Pakistan determined to achieve turnover of $1 billion by 2020
Belarus, Pakistan determined to achieve turnover of $1 billion by 2020 Belarus and Pakistan have all possibilities to achieve a trade of $1 billion by 2020. Directions and prospects of cooperation were discussed at the February 2 meeting of the Belarus President with the chairman of the Senate of the Pakistan Parliament. The countries have developed friendly relations, established strong political connections, and now it's time to increase mutual trade.
Pakistan зarliamentary delegation arrives in Belarus on official visit
Pakistan зarliamentary delegation arrives in Belarus on official visit A parliamentary delegation of Pakistan has arrived in Belarus on an official visit. One of the main objectives in the cooperation between the two countries is to increase trade turnover to $1 billion a year. Now, this figure ranges from $50 million to $120 million. During the visit, the guests are going to hold numerous talks and visit a number of companies and sights in Belarus.

01.02.2017

Senator Mikhail Myasnikovich meets Pakistan delegation at Minsk airport
MP Mikhail Myasnikovich meets Pakistan delegation at Minsk airport Belarus and Pakistan are on the way to deep cooperation. An official visit of a parliamentary delegation of Pakistan is now underway in Minsk, Belarus. Chairman of the Council of the Republic Mikhail Myasnikovich met his counterparts at National Airport Minsk. During the visit, the parliamentary delegation will hold a series of negotiations.
Belarus determined to complete Garlyk plant in Turkmenistan on time
Belarus determined to complete Garlyk plant in Turkmenistan on time Belarus will perform on time and in full its obligations regarding the construction of the Garlyk mining and processing enterprise producing potash fertilizers. In the southeast of Turkmenistan, Belarusian builders are erecting the large-scale production facility in line with a turnkey contract. The cost of the plant is more than a billion dollars, with the Belarusian Potash Company to be engaged in the export of the plant’s products. In 2016, there were serious differences at the construction site that jeopardized the implementation of the project.
Parliamentary delegation of Pakistan to pay official visit to Belarus
Parliamentary delegation of Pakistan to pay official visit to Belarus The turnover of $1 billion and bet on investment projects. These and other plans will be discussed during the official visit of a parliamentary delegation of Pakistan to Belarus. The delegation will discuss trade and economic cooperation with the upper house of the Belarusian parliament, during the meeting with its head Mikhail Myasnikovich. The visitors from Asian country will then go to large Belarusian enterprises, including of Belarusian automobile industry.
Egypt interested in Belarusian meat products
Egypt interested in Belarusian meat products Egyptians are interested in the meat products of Belarus. The quality of Belarusian food and supply conditions were the main topics of visits of the Egyptian delegation to a number of Belarusian agro-complexes. Representatives of the government and business community of Egypt visited Belarusian facilities producing halal products, which meet all the requirements of Muslim countries' markets. Results of the meeting will be summed up on February 1 at the agricultural ministry of Belarus.

31.01.2017

National Academy of Sciences of the Republic of Belarus
Treatment of complex diseases and electric vehicles: science is main engine of progress for Belarusians The Day of Belarusian science is celebrated on January 29. Doctoral degrees and professorships certificates were awarded last week at the Palace of Independence. 2017 was declared the Year of Science, which will play a key role in building an innovative economy. Knowledge is not only the power but also a way to become richer. Belarusian science has made the republic a space power. We are engaged in the global international projects, such as the Large Hadron Collider. But there are even more ambitious goals.
Belarus to continue to regulate prices for important products
Belarus to continue to regulate prices for important products Prices of a number of socially important goods will remain under the control of Belarus' local authorities. The list has been approved by the government. The list includes first of all food - potatoes, beets, carrots, cabbage. During no more than 90 days per year, regional executive committees and the Minsk city administration have the right to keep prices down on the items listed.

30.01.2017

Belarusian grenade launcher to be tested in 2017
Belarusian grenade launcher to be tested in 2017 New radar systems, a series of electronic warfare and testing of domestic grenade launcher are among the plans of the State Military Industry Committee for 2017. Particular attention is given to anti-aircraft missile systems, the development of unmanned aircraft, in particular, the creation of unmanned aircraft systems long range and duration of flight. An important achievement of the Belarusian military industry is the multiple launch rocket system Polonez.
Belarus and Egypt to establish joint greenhouses
Belarus and Egypt to establish joint greenhouses Joint greenhouses is one of the most promising projects of Belarusian-Egyptian cooperation. Representatives of the government and business circles of the Arab Republic visited Belarus towns Orsha and Vitebsk January 30. Representatives of Egypt are primarily interested in the agricultural sector and food production. The guests asked a lot about technology of cultivation of vegetables and ornamental plants in our greenhouses. They also admired the production of canned meat for children.
Friendship is the largest capital between Belarus and Serbia
Friendship is the largest capital between Belarus and Serbia Belarus and Serbia would like to achieve a trade turnover of $500 million. Last week, the prime minister of that Balkan country visited Minsk. At a meeting with President Alexander Lukashenko the sides discussed how to effectively switch to direct deliveries of goods, without intermediaries. And even more - to create joint ventures. Serbia is a member of the Central European Free Trade Association. This is a duty-free market of 30 million. And the country is an official candidate for EU membership.
Belarus to ship equipment for microchips to India
Belarus to ship equipment for microchips to India Belarus plans to supply equipment for the production of microchips to India. The unique development of Belarusian scientists allows increasing the speed of manufacturing boards by several times and also significantly reducing the final cost. There are no analogues to such equipment on the post-Soviet space. The technology is used by the enterprises of Belarus, Russia and China. Foreign partners are interested in other developments of Belarus, too. On January 27, many of them were presented at an exhibition of achievements in the National Academy of Sciences.

29.01.2017

Belarus President on detention of businessman Knyrovich: 'Jail is the right place for a thief'
Belarus President on detention of businessman Knyrovich: 'Jail is the right place for a thief' A number of appointments were made by the President of Belarus on 27 January. During a meeting with the newly appointed leaders, Alexander Lukashenko touched upon the important subject of the detention of one of Belarusian entrepreneurs.
Alexander Lukashenko: Scientific developments must serve people instead of gathering dust on shelves
Alexander Lukashenko: Scientific developments must serve people instead of gathering dust on shelves The world community is still analyzing and citing the speech of Donald Trump during the inauguration. Two simple rules were named by the new US president: buy American and employ Americans! And we immediately remember our long-standing principle "Buy Belarusian products!" The second part is not so relevant for our country - no immigrants deprive Belarusians of jobs. But we still need to create new jobs.
Aleksandar Vučić: Trade with Belarus needs increase
Aleksandar Vučić: Trade with Belarus needs increase Belarus and Serbia are going to build and maintain bilateral relations. On January 27, this was discussed during a meeting of the Belarusian head of state and Prime Minister of Serbia. Back in 2009 the two countries signed a free trade agreement. Over the 7 years the turnover has grown almost 5 times. In 2015, it amounted to more than 250 million dollars. However, in 2016 the volume of trade fell, and this situation must be rectified.

27.01.2017

New shopping complex opened in Minsk: Prime Ministers of Belarus, Serbia attend event
New shopping complex opens in Minsk: Prime Ministers of Belarus, Serbia attend event One of the biggest shopping complexes was officially opened in Minsk, with the participation of Prime Ministers of Belarus and Serbia on January 27. This trade facility is a part of the Serbian investment project Mayak Minska. The new shopping center will offer both Belarusian and world brands. Some of the goods, by the way, will appear in Belarus for the first time. Moreover, the complex will help create new jobs. According to forecasts, 5,000 people will be working here by the end of 2017.
Prime Minister of Serbia Aleksandar Vucic
Prime Minister of Serbia Aleksandar Vucic arrives in Belarus on official visit The level of Belarus' bilateral trade with Serbia should increase to $500 million. According to the current trade dynamism, this figure is quite real. Prime Minister of Serbia Aleksandar Vucic arrived in Belarus on an official visit on the 25th of January. The parties signed a roadmap for cooperation in 2017-2018. This document includes more than 50 events. Moreover, the sides also signed a number of agreements on the 26th of January.
Alexander Lukashenko instructs to tighten control over woodworking industry
Alexander Lukashenko instructs to tighten control over woodworking industry The President of Belarus has stressed that the supervision of the woodworking industry must be strengthened. Billions of dollars are invested in this industry in Belarus. Unfortunately, the efficiency is not yet in line with expectations. The State Control Committee of the Republic of Belarus must focus on unfinished projects of modernization.

26.01.2017

Law on establishment of investment funds prepared in Belarussian parliament
Law on investment funds prepared in Belarusian parliament Belarusians will be able to earn money through investment funds. The relevant law is prepared in the House of Representatives. So, the profitable investment of funds will be the main task of the new financial institution. It will allow Belarusians to invest money wisely. The enterprises will also be able to earn an income.
Belarus actively cooperates with Latvian ports
Belarus prefers Latvian ports to Russian for transit Cargo traffic through Belarus in the direction of Latvia increased in 2016. This fact was confirmed by the Ministry of Transport of Belarus on the 25th of January. First of all it concerns Russian goods which are transported by rail. Meanwhile, Belarus intends to continue active cooperation with Latvian ports for exporting Belarusian goods.

25.01.2017

Belarusian scientists invent new equipment for oil drilling
Belarusian scientists invent new equipment for oil drilling Belarusian specialists have developed their own new equipment for oil well drilling. The first tests proved successful. In the future, this development will replace a complex and expensive American equipment. The Belarusian analogue is more reliable and easier to use. Thus, the new product will be able to seriously compete with global producers.

24.01.2017

Belarus to hold bilateral talks with more than 10 WTO countries in Geneva
Belarus to hold bilateral talks with WTO in Geneva Belarus will hold bilateral talks with more than ten countries of the World Trade Organization (WTO) in Geneva. The first round is scheduled for January 23. The sides will consider foreign trade issues as well as agree on plans for future work. The Belarus delegation includes the representatives of the Foreign Ministry, the Ministry of Economy, the Ministry of Antimonopoly Regulation and Trade, the Ministry of Health, and the Ministry of Agriculture and Food.
Stolen Belarusian trucks found in Ukraine
Stolen Belarusian trucks found in Ukraine There is a new fact in an almost detective story involving Belarusian trucks. 50 vehicles were found in Ukraine. This trucks had been stolen from the Minsk Automobile Plant. Earlier, more than a hundred vehicles from the same stolen batch were found in October 2016 in Ukraine. This story has started in 2013. Chiefs of a Ukrainian business corporation signed a contract with representatives of the Minsk Automobile Plant for the supply of 150 trucks. The amount of transaction was more than $15 million.

22.01.2017

New effective jobs possible in Belarus only in case of sufficient investment activity
New effective jobs possible in Belarus only in case of sufficient investment activity Creation of new jobs and investment attraction were discussed on 20 January in the Grodno region. The region is opening up new enterprises with foreign investment and factories are actively attracting foreign direct investment. Now they need to keep up the good job. One should rely not only on the stock market but also on the activity of local officials, said Mikhail Myasnikovich, head of the Belarus Parliament’s upper chamber.
China ambassador to Belarus gives exclusive interview to CTV
China ambassador to Belarus gives exclusive interview to CTV Diplomatic relations between Belarus and China turned 25 years. Over this time, the countries have become reliable strategic partners in various fields: from economy to education and science. They are implementing global investment projects, such as the Industrial Park "Great Stone". Credit support from China to Belarus is also growing. Minsk and Beijing are increasing their joint trade turnover. The leaders meet regularly. Recently, China has even introduced a new term in the diplomatic lexicon - the so-called "all-weather friendship".
IAEA says no violations during Belarusian NPP construction
IAEA says no violations during Belarusian NPP construction A special IAEA mission, which worked in Belarus’ Astravyets all this week, has said there are no violations in the construction of the Belarusian nuclear power plant. According to experts, Belarus demonstrates responsibility in ensuring nuclear safety. The constructors take into account all possible external threats to the nuclear power plant, including all the major technical challenges in selecting the site.
Private investment for Belarusian satellite BKA-2
Private investment for Belarusian satellite BKA-2 The second remote sensing satellite will be created with the help of private investment. BKA-2 will be at least four times better than its predecessor. This spacecraft will based on the same platform as the first one, but with a number of improvements and a new telescope. The satellite will create topographical maps of the 1:10,000 scale. BKA-2 is scheduled for launch by 2019 from the Vostochny Cosmodrome in Russia. The creation of BKA-2 is already underway.

20.01.2017

Belarusian products
Belarusian food products to have special labels in EEU market Belarusian food products will be marked with a special sign in the EEU market. GMO labeling will be required on all food packaging. These changes will amend the Law on Quality and Safety of Food Raw Materials and Food Products. MPs of the House of Representatives are also considering other amendments that provide unhindered access for Belarusian goods to the EEU market.  On 18 January, Belarusian MPs discussed the stages of the legislative process.

18.01.2017

Belarus President concludes official visit to Sudan
Belarus President concludes official visit to Sudan Major contracts, agreements for the supply of Belarusian vehicles and the creation of assembly plants in Africa. The President of Belarus has completed official visits to Egypt and Sudan. These two countries are neighbors on the continent. In Cairo, the two leaders discussed a roadmap for cooperation development. The sides then held the third Belarusian-Egyptian business forum. The parties agreed to deepen cooperation in industry and agriculture.
First results of the Belarusian-Sudanese Business Forum
First results of the Belarus-Sudan business forum The Belarusian-Sudanese Business Forum in Khartoum gathered representatives of business circles of both countries. The main day of the negotiations was the 17th of January. The Belarusian Chamber of Commerce and Industry and the Federation of Sudanese Businessmen and Employers are the organizers of this business dialogue. Everybody from agricultural producers to pharmacists expressed interest in mutual cooperation.
Belarusian-Egyptian business forum 2017: nearly 500 enterprises involved
Belarusian-Egyptian business forum 2017: nearly 500 enterprises involved The Belarusian-Egyptian business forum was held in Cairo on January 16. The forum gathered almost 500 enterprises, where more than 400 of them are Egyptian ones. Moreover, the meeting resulted in the conclusion of specific agreements.

17.01.2017

Alexander Lukashenko holds talks with Egypt President Abdul Fattah el-Sisi
Alexander Lukashenko holds talks with Egypt President Abdul Fattah el-Sisi Official negotiations between Belarus President Alexander Lukashenko and Egypt President Abdel Fattah el-Sisi took place on the 15th of January. The main topics were trade, industrial cooperation, science, education, health and tourism. Alexander Lukashenko met with his Egyptian counterpart in the Al Ittihadiya Palace (Heliopolis Palace). The guard of honor took part in the protocol ceremony. There was a period in the history of this palace when a military hospital was located here. By the way, most of the Egyptian leaders are people who come from the army.
Opening of the Belarusian-Egyptian business forum
Belarus President attends Belarusian-Egyptian business forum Belarus and Egypt are ready to open up new horizons for cooperation. The countries are going to create join assembly plants for the production of road-building and municipal engineering. On the 16th of January, the presidents of Belarus and Egypt took part in the opening of the Belarusian-Egyptian business forum. Alexander Lukashenko emphasized that Belarus is ready to supply not only its own products, but also to share technologies and specialists with Egypt.

16.01.2017

Egypt
From tourism to food and industry: Belarus-Egypt relations For modern Belarusians Egypt is primarily a place for recreation and tourism. As for Egyptians, they are interested in Belarusian technologies of fresh water production as well as high-quality food products. The country of pharaohs, pyramids and valleys is an attractive destination for tourists from all over the world. By the way, Egypt's resorts attract thousands of tourists from Russia and Ukraine annually. But Egypt is now afraid of losing their tactful and friendly guests from Belarus.

15.01.2017

Belarus, Egypt about to sign numerous commercial contracts
Belarus, Egypt about to sign numerous commercial contracts Cairo is preparing for the official visit of the President of Belarus. Alexander Lukashenko will visit Egypt to sign documents necessary to increase the trade turnover between Minsk and Cairo. The countries interested in the production and industrial cooperation.
Belarusian export strategy in action: Expectations from President Lukashenko's visit to Egypt
Belarusian export strategy in action: Expectations from President Lukashenko's visit to Egypt A dozen agreements worth millions of dollars: Minsk and Cairo are ready for a new impetus to the bilateral cooperation. The official visit of the President of Belarus to Egypt will definitely strengthen the development of partnerships. The visit starts on January 15. A number of important meetings with the leadership of the North African country are scheduled. It is expected that the Belarus head of state will take part in the opening of a joint business forum.
Snail farming in Belarus
Snail farming in Belarus A tender for the purchase snails in Vitebsk region had been announced. It is not exotic, but a really successful project. During five years, three participants dealt with the right to purchase snails. The bidding ended in less than two minutes. Tatiana Lalieva seriously thinks about the prospects of making money through the sale of snails. Moreover, businessmen also realize the potential of this idea.

14.01.2017

Sergey Rachkov, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Arab Republic of Egypt
Belarus-Egypt machine-building cooperation to expand A modernized enterprise for the production of Belarusian tractors will be opened in Alexandria, Egypt. It was announced by the Ambassador of Belarus in Egypt Sergei Rachkov. Each year the enterprise will produce up to 2,000 tractors. Due to the new production site Belarus will expand its presence in this area. The equipment will be shipped to both the Egyptian market and the neighboring countries.

13.01.2017

HIV medications to produce in Belarus
Belarus, India to produce medicines against HIV in Skidel A plant near Grodno will manufacture drugs for the treatment of HIV infection. The first stone was laid in the foundation of the new pharmaceutical plant on January, 12. The amount of investment in Belarusian-Indian project will be about $3 million. It is expected that three joint pharmaceutical plants will be opened in Belarus.
German Gref and Alexander Lukashenko
Belarus' for more active cooperation with Sberbank Group Belarus President Alexander Lukashenko and German Gref, the Chairman of the Executive Board of Sberbank of Russia, met in Minsk on 12 January to discuss the further development of cooperation. German Gref has been the head of this Russian financial institution since 2007. Sberbank remains an undisputed leader of the Russian banking sector. This company has representation offices in more than 20 countries, including Belarus.

12.01.2017

Belarus among leading former Soviet nations in information development
Belarus among leading former Soviet nations in information development Supermarkets in Belarus have already started putting “fair price tags” with the full value of the product per kilogram and liter. Many buyers liked this initiative because of the possibility of comparing prices from different suppliers. “FAIR PRICE TAGS”

11.01.2017

Grodno declared cultural capital of Silk Road in Belarus
Grodno declared cultural capital of Silk Road in Belarus Grodno has been declared the cultural capital of the Silk Road in Belarus. China's Ministry for Foreign Affairs has supported the initiative. This was reported on January 11 during the signing of the Memorandum of Cooperation between Grodno Oblast and Henan province (China) through the Red Cross. Among the issues reflected in the document are the exchange of volunteers, sharing of best practices of Special Rapid Deployment Forces as well as joining of efforts for rehabilitation of children with disabilities.

07.01.2017

Experts on new oil field found in Belarus
Experts on new oil field found in Belarus Horizons of Belarusian oil production are expanding. A new oil field in the Gomel region, already named Ugolskoye, has provided an opportunity to re-assess the prospects for oil industry in Belarus. Almost 2 million tons of black gold were found at a depth of over 5,000 meters.

06.01.2017

Belarus to extract 1.65m tons of oil in 2017
Belarus to extract 1.65m tons of oil in 2017 Horizons of Belarusian oil production are expanding. A new oil field in the Gomel region, already dubbed Ugolskoye, has provided an opportunity to re-assess the prospects for oil industry in Belarus. Almost 2 million tons of black gold was found at a depth of over 5,000 meters. Previously, the main volumes were extracted from a depth of 4,000m. Thanks to the new deposit the volume of crude oil extraction will increase in Belarus for the first time in the last five years. Plans for 2017 are 1.65 million tons.

05.01.2017

Czech company insterested in Minsk subway construction contract
Czech company insterested in Minsk subway construction contract Czech builders are claiming the conclusion of a contract for the construction of the Minsk subway.  Therefore, the company building the subway in Prague plans to minimize losses from freezing of subway construction in the Czech capital. The foreign representatives believe that the recent signing of a memorandum on the establishment of a joint venture with MinskMetroStroi will be an important milestone in getting the contract.
Minsk, Moscow agree on oil transit tariffs to Western Europe via Belarus
Minsk, Moscow agree on oil transit tariffs to Western Europe via Belarus Minsk and Moscow have agreed tariffs for the transit of Russian oil to Western Europe through Belarus.  We are talking about transportation of oil via the main pipelines Gomeltransneft Druzhba and Polotsktransneft Druzhba. In accordance with the decree of the Ministry of Antitrust and Trade of Belarus, tariffs for oil transportation for the Gomel enterprise have increased by 7.7%, while for the Polotsk enterprise almost by 12%.
Walking tractor
Walking tractors and robots: Belarusian scientists’ innovative technologies Mogilev Regional Museum named after Maslennikov is the last place in Belarus that housed the famous Cross of Saint Euphrosyne of Polotsk. Despite the shrine was lost, thanks to the latest technologies Belarusian scientists managed to make the copy. Nowadays the officially endorsed replica is stored in the Transfiguration Church, Polotsk. 2017 was declared the Year of Science. It is science that will play a crucial role in the formation of innovative economy.

03.01.2017

New oil field discovered in Belarus
New oil field discovered in Belarus A new oil field was discovered in Belarus. It is called Ugolskoye and is classified as hard-to-reach. However, according to preliminary estimates, approximately 1.7 million tons of hydrocarbons lie at this point of the Pripyat trough in the Gomel region. It amounts to the average oil extraction per year in Belarus. Exploration drilling will help determine exact amounts of oil in the deposit. Oil is at a depth of 5 kilometers.
BelAZ to step up export by 10% in 2017 The Belarusian truck producer BelAZ has received orders for 2017 and plans to increased output by 15% and export by 10%. The contract package for H1 2017 is fully formed. On January 3, the company starts its work in the new year. The management has decided not to have long Christmas holidays. It is necessary to deliver machinery on both CIS markets as well as far abroad. Cooperation with North and Latin America is especially active.

02.01.2017

MAZ develops 'smart truck' responding to road conditions
MAZ develops 'smart truck' responding to road conditions Minsk Automobile Plant has completed the testing of a "smart truck", which will be able to independently respond to changing road situations and, if necessary, intervene in the work of the driver: increase or reduce speed, stop the vehicle and warn about the danger. According to MAZ, the truck is equipped with advanced electronic systems of active safety that can prevent accidents. If the vehicle detects an obstacle ahead, to which the driver does not react (if he is asleep or distracted), the car will brake itself urgently.
Belarus on foreign markets in 2016
Belarus foreign trade highlights 2016 In 2016, Belarusians worked hard on foreign markets, defending national interests around the globe. For example, the powerful China has included Belarus in the four closest strategic partners. The Egyptian market is very promising for Belarus, as well as the market of the Arab world. For example, Egyptians need Belarus' help in the development of freshwater sources. In the past 2016, the Arab world not just opened its doors to Belarus but welcomed Belarus very hospitably. We are talking about Abu Dhabi, Dubai and Doha in particular.

01.01.2017

President Lukashenko wants $500 salary for Belarusians as New Year gift
President Lukashenko wants $500 average salary for Belarusians as New Year gift On December 30, Alexander Lukashenko visited Nikolaevschinsky home for war veterans, labour veterans and the disabled. After a warm dialogue with the residents, the President of Belarus answered questions of the journalists who accompanied him on the trip. It is customary in Belarus to make a wish before the New Year's Eve. Journalists asked Alexander Lukashenko whether he has a gift that he would like to get for New Year.

30.12.2016

Minsk Plant of Sparkling Wines awarded Choice of the Year 2016
Minsk Plant of Sparkling Wines awarded Choice of the Year 2016 Mongolia, Estonia, the USA, Israel, Czech Republic, Turkmenistan - Minsk Plant of Sparkling Wines is expanding the geography of champagne supplies. But, of course, the greatest award, which the company takes pride in, is the choice of buyers, with demand reaching its peak just before the New Year. The quality of Sovetskoye champagne is confirmed by numerous awards. Over the 38-year history, the plant has received more than 140 accolades. One of the latest is the Choice of the Year 2016.

29.12.2016

More infrastructure for charging electric vehicles in Belarus planned?
More infrastructure for charging electric vehicles in Belarus planned? The Eurasian Economic Commission (ECE) supports the development of electromobile manufacturing.  ECE experts believe that the creation of infrastructure for charging of ecological-friendly cars must be as simple as possible. Also, experts believe that in addition to the actual production more attention should be paid to popularization of electric vehicles.  In this regard, the developments of Belarusian scientists and manufacturers look particularly promising.
Belarusian NPP gets replacement for first reactor vessel from Russia
Belarusian NPP gets replacement for first reactor vessel from Russia A new reactor vessel has arrived at the Belarusian nuclear power plant. The structure weighing more than 300 tons and being 13 meters high was made in Russia's Volgodonsk. Before arriving at the end point of the route the structure had to overcome a difficult way. In the beginning, the reactor vessel was taken from Volgodonsk in Novovoronezh by water. The heart of the power unit was on the water voyage for 20 days.

28.12.2016

Belarus, China creating venture capital investment fund
Belarus, China creating venture capital investment fund Belarus and China have created a venture capital investment fund. It will finance start-ups and the so-called growth companies. This is stipulated by the agreement on cooperation, which was signed in Minsk on 28 December.

27.12.2016

Alexander Lukashenko: Belarusian free economic zones must retain competitiveness in EEU
Alexander Lukashenko: Belarusian free economic zones must retain competitiveness in EEU The free economic zones in Belarus should maintain their competitiveness in the Eurasian Economic Union (EEU) market, be attractive to investors and ensure the development of the national economy. On December 27, the Belarus President held a session to discuss the operation of Belarusian free economic zones (FEZs) in connection with the onset of 2017.
Vasily Matyushevsky: Belarus hopes 2017 will be easier for country's economy
Vasily Matyushevsky: Belarus remains a responsible borrower On December 26, the Belarus President held a meeting at the Palace of Independence to discuss economic security. In particular, they talked about conditions to attract foreign investments in Belarus. These investments must comply with public interests, said President Alexander Lukashenko. The Head of State noted that one of the most important channels of credit receipt is banking sector. In recent years, Belarus has developed business partnerships with a number of foreign banks operating in the country.

26.12.2016

Minsk's second ring road: neat roads can add to Belarus' positive image
Minsk's second ring road: neat roads can add to Belarus' positive image Not once has the President made important appointments purpose at the end of the year. Another tradition is the opening of large-scale objects as a New Year gift for Belarusians. This time it was the second ring road around Minsk. It was built quickly and inexpensively. 1 km of the new ring road in Belarus costs two to three times less than the construction of motorways in the European Union and the United States and almost ten times cheaper than in Russia. No wonder President remarked: no one stole anything during the construction of this road.
Belarus President hails relations with a number of foreign banks
Belarus President hails relations with a number of foreign banks Terms of attracting foreign investments to Belarus were discussed on December 26. These investments must comply with public interests, said President Alexander Lukashenko. The Head of State noted that one of the most important channels of credit receipt is the banking sector. In recent years, Belarus has developed business partnerships with a number of foreign banks operating in the country.

22.12.2016

Belarus' House of Representatives completes 2016 legislative season
Criminal responsibility for tax evasion to increase in Belarus On December 21, MPs in Belarus completed the 2016 legislative season. Before leaving on vacation, the MPs discussed the three bills. Criminal responsibility will be increased with regard to tax evaders. There will be changes in the law on the quality of products - labeling will become more clear and transparent. The public procurement system will be "upgraded", too. All participants will be able to monitor the entire chain from the customer to the executor on Internet sources in real time.

21.12.2016

Russia may lift Belarusian food supply restrictions this week
Russia may lift Belarusian food supply restrictions this week Restrictions on the supply of Belarusian meat and dairy products to Russia for some businesses will be lifted this week, said vice premier Mikhail Rusyi on December 21 at the Oval Hall of the Parliament. In order to resolve the issue a group of Belarusian specialists is now working in the Russian Federation. Belarus has already handed over materials about counterfeiting of Belarusian products to Russian investigative authorities.
Belarus President insists on $500 average salary in 2017
Belarus needs to scale down checks of businesses in 2017, President says The Presidential Administration of Belarus now has new leadership. It will be headed by Natalia Kochanova - former Deputy Prime Minister. Her first deputy will be Maxim Ryzhenkov. Prior to that, he served as vice-president of the National Olympic Committee.
Russian ambassador notes highest quality of Belarusian food
Belarus, Russia to settle oil dispute in coming days Head of Rosselkhoznadzor should refrain from statements on the Internet on the quality of Belarusian products, said the head of the Russian diplomatic mission in Belarus commenting on the situation with supplies of Belarusian foodstuffs. Alexander Surikov noted the highest quality of Belarus' food products. More than one million tonnes of meat and dairy products were delivered to Russia in 2016.
Belarus plans to increase trade with Malaysia
Belarus plans to increase trade with Malaysia The trade turnover between Belarus and Malaysia can grow many times in the next few years, according to Belarus government. On December 20, the government met with the Speaker of the Parliament of Malaysia. Now the countries need to complete the formation of the bilateral intergovernmental commission, which will deal with the promotion of new projects. They will affect areas such as biotechnology, microbiology, and laser optics. The traditional area of ​​cooperation between the two countries is machinery and potash sales.
Belarus and Malaysia planning to develop relations with greatest activity
Belarus and Malaysia planning to develop relations with greatest activity Minsk Oblast intends to develop cooperation with the Malaysian state of Sabah. Chairman of the Minsk Oblast Executive Committee Semyon Shapiro met with the Speaker of the House of Representatives of the Parliament of Malaysia. The sides noted that the relations in all spheres between Belarus and Malaysia should develop more actively, including between regions. The guests were told about the economic and trade opportunities of the Minsk region. Plans to deepen cooperation involve agriculture, machine building, education and tourism.
From bread to dairy: Belarusian export geography
From bread to dairy: Belarusian export geography Belarusian food is highly appreciated in the whole world and is exported to at least 50 countries. For example, bread is exported to such countries as Russia, the CIS countries, Germany, the USA, Israel, and Australia to the amount of $7 million annually. Though it takes about two weeks for a consignment to reach Israel, the USA or China, it still remains fresh thanks to shock freezing technology.

20.12.2016

Belarus and Malaysia aiming to improve trade and create joint ventures
Belarus and Malaysia aiming to improve trade and create joint ventures Belarus and Malaysia must develop not only political, but also economic ties, said President Alexander Lukashenko on December 19 during a meeting with the Speaker of the House of Representatives of the Malaysia parliament. At this point, the mutual trade turnover exceeds $130 million. And this, obviously, is not the limit.

19.12.2016

Belarus and Malaysia have decent trade turnover despite distance, Alexander Lukashenko says
Belarus and Malaysia have decent trade turnover despite distance, Alexander Lukashenko says Belarus and Malaysia should expand mutual trade, said Alexander Lukashenko on December 19 as he met with the Speaker of the House of Representatives of the Malaysia parliament Pandikar Amin Mulia. At this point, the mutual trade turnover exceeds $130 million. Belarus' major exports are potash. However, other traditional Belarusian exports are not represented well enough in the Malaysian market.
Belarus, Ural Federal District expanding investment
Belarus, Ural Federal District expanding investment Belarusian businessmen together with the Ural colleagues are working to develop an investment program to construct a facility to produce building materials. Businesses have been successfully cooperating for several years. Now they are planning to increase the range of goods that will be a worthy substitute for imports.  Experts think the project could be beneficial to consumers,
Belarusian food products in Russia and Baltics: Why opinions of buyers and inspectors differ
Belarusian food products in Russia and Baltics: Why opinions of buyers and inspectors differ Taste of Belarusian bread will soon be world-famous! Some days ago, the Belarusian side signed a contract for the supply of Belarusian bread to Indonesia and Israel. Bakeries introduce shock freezing in order to maintain the quality and taste of the main Belarusian product. The traditional ‘cooling’ of attitude to Belarusian products on the Russian market, however, was not a shock. This often happens before New Year holidays.

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.

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