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Economy & business

06.06.2017

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

05.06.2017

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

04.06.2017

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

03.06.2017

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

02.06.2017

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

01.06.2017

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

31.05.2017

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

29.05.2017

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

28.05.2017

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

27.05.2017

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

26.05.2017

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

25.05.2017

Belarus plans to open joint car assembly facilities in Egypt
Belarus plans to open joint car assembly facilities in Egypt Belarus would like to set up joint car assembly facilities in Egypt. First of all, we are talking about specialized agricultural equipment. It is expected that the production of cars can meet the demand not only on the Egyptian market, but also on most of the entire African continent. In addition, Belarus is ready to supply to Egypt its food products, in particular dairy products. At the same time, the main emphasis is not to simply trade but to proceed to deeper cooperation.
Belarus Energy Ministry signs memorandum with CMEC
Belarus Energy Ministry signs memorandum with CMEC The Belarusian side has signed a memorandum with China Machinery Engineering Corporation (CMEC). Among the priority directions are production, transmission, distribution of electric power, modernization of stations, alternative energy, exchange of experience and technologies. By the way, this Chinese corporation has successfully implemented more than 10 projects in Belarus.
First cargo train on its way from China to Belarus
First cargo train on its way from China to Belarus The first freight train is on the way from China to Belarus. The train is using a new direct railway, which should become one of the important transport corridors between China and Europe. The train is expected to arrive in about 10 days. The first train carries 41 containers of Chinese goods to Belarus: from mobile phones to spare parts for cars. Previously, export products from southern Chinese cities were exported to Belarus either by sea or by a long rail way.

24.05.2017

Belarus financial police terminate shadow supply chain of sanction products
Belarus financial police terminate shadow supply chain of sanction products A shadow supply chain of sanctioned products was terminated by Belarus’ financial police. Investigations showed that five Belarusian entrepreneurs registered cargos at the customs from the EU. Among the goods were fruits and vegetables which are prohibited to import to Russia. Therefore, 600 vehicles with goods managed to go through the border. Belarusian businessmen got more than BYN 1 million from Russian originators. They were the organizers of the criminal scheme.
Foreign oil refiners study Mozyr Oil Refinery modernization practices
Foreign oil refiners study Mozyr Oil Refinery modernization practices The investment projects of Belarusian oil refineries brought together the leading companies of the planet on May 24. Participants of the scientific and technical conference study the experience of Mozyr Oil Refinery's dynamic modernization as well as innovations and prospects for the development of the entire industry. In 11 years alone, from 2005 to 2016, the company invested more than $1.5 billion, which made the plant one of the most modern in the continent.
Belarus ready to make tires for largest quarry dumpers on the planet
Belshina ready to make tires for largest quarry dumpers on the planet The largest Belarusian radial tire, with a diameter of three and a half meters, was presented at Bobruisk’s Belshina. This is a large-sized product for quarry dump trucks with a load capacity of up to 240 tons. The release of the tire marks the completion of another stage of the enterprise's modernization. 3.5 meters in diameter and 3.5 tons of high-tech rubber. This is the largest tire ever produced in Belarus.
Alexander Shumilin: Belarus-China cooperation is developing dynamically
Alexander Shumilin: Belarus-China cooperation is developing dynamically An incubator of high-tech projects will be created in Belarus, and the building of an innovative center will soon be started in the industrial park. The development of scientific and technological cooperation in countries which are on the Silk Way was discussed at the forum in Minsk on May 23, 2017. The forum gathered representatives of nearly 100 organizations from 12 countries. The largest delegation was from China.

23.05.2017

First batch of BelGee vehicles expected in June
First batch of BelGee vehicles expected in June The first industrial batch of BelGee cars will come off the assembly line in June, said Deputy Prime Minister Vladimir Semashko at the opening of the Belarusian Industrial Forum. Three main shops (welding, painting and assembly) will be prepared for test drive by the middle of June. During the three days of continuous operation, 222 crossovers will be assembled at the plant.
Alexander Lukashenko meets with President of the European Committee of the Regions
Alexander Lukashenko meets with President of the European Committee of the Regions On May 23, President Alexander Lukashenko met with Markku Markkula, President of the Committee of the Regions of the European Union. The head of state is sure that Belarus has a lot in common with this organization. After all, the main task facing this EU committee is to ensure a decent standard of living for people in small towns and villages. This is in fact paid much attention in Belarus. The dialogue touched on many interesting topics.
Central districts of Minsk, St. Petersburg sign cooperation agreement.
Central districts of Minsk, St. Petersburg sign cooperation agreement. Cultural exchange and dialogue on education and production sectors. Central districts of Minsk and St. Petersburg signed an agreement on cooperation. Heads of district administrations signed the document. The main aim is development of new economy cooperation directions. The two sides agreed to meet regularly on all the levels, to hold joint sessions and business forums.
Russia lifts ban on several Belarusian meat and dairy plants
Russia lifts ban on several Belarusian meat and dairy plants Russia lifts ban on several Belarusian meat and dairy plants Russia’s Ministry of Agriculture is lifting the ban on several Belarusian plants. Relevant agencies held talks in Moscow. It became clear that Russia has no complaints against seven Belarusian dairy plants. What is more, two meat processing plants have been opened and

22.05.2017

Alexander Lukashenko about Orsha district development
Alexander Lukashenko about Orsha district development Orsha district was at the center of attention during Alexander Lukashenko’s working meeting. President Lukashenko opened the question of development in this area many times before. The establishment of a strong agroholding in Kopys and modernization of Orsha instrument plant are among the assignments.
Belarus, Samara region expect to increase trade to $600 million
Belarus, Samara region expect to increase trade to $600 million Belarus and the Samara region of Russia expect to increase trade to $600 million. Opportunities for expanding cooperation were discussed at a meeting of a joint working group in Minsk. The prerequisites for growth are already visible. In 2016, commodity turnover increased by 16%. Positive dynamism is also observed in Q1 2017.
Milex 2017 finishes in Minsk
MILEX 2017 finishes in Minsk The exhibition of weapons and military equipment MILEX 2017 is finishing in Minsk. On May 22 a solemn closing ceremony will take place at the sports complex Minsk Arena. More than 50 official delegations from 30 countries came to the event, which undoubtedly confirms the status of this exhibition. The foreign visitors appreciated the Belarusian defense and industrial complex. The armored car Caiman and Belarusian drones drew much attention in particular.
First container train to depart from China's Shenzhen to Belarus May 22
First container train to depart from China's Shenzhen to Belarus May 22 On May 22, the first container train will leave for Belarus from China's Shenzhen. The project will be launched thanks to the close cooperation of Belarusian Railways with Russia, China and Kazakhstan. The new route will pass through these countries. The final point for the train will be Kolyadichi near Belarus capital Minsk. Here operates a land port that accepts goods from different countries, now increasingly often from the PRC.

21.05.2017

Belarusian gold: How milk from cow udder reaches consumers?
Belarusian gold: How milk from cow udder reaches consumers? On May 19, Rosselkhoznadzor sanitary watchdog again imposed a ban on the import of dairy products from Belarus. Famous enterprises are included in the restriction list. Belarus now has to seek alternative markets for the sale of these strategic product. Belarus today is in the top five world leaders in milk sales (together with the European Union, New Zealand, the USA and Australia). The demand for this product in the world is growing thanks to Asia. Indonesia and China have been taught to drink milk. This is their answer for tea.
Alexander Lukashenko's visit to China: New business ideas ahead
Alexander Lukashenko's visit to China: New business ideas ahead President Lukashenko made a visit to China, we will tell you about it. But first, let's consider a few funny facts and pictures. China is the country of records! First of all, in terms of population. It allows surprising with extras during various holidays and actions.

19.05.2017

About 300 investors gather at economic forum in Gomel
About 300 investors gather at economic forum in Gomel 63 million dollars is the amount of investments attracted to the Gomel region in just one day. The largest regional economic forum in Belarus was held on May 19 in Gomel. The proposals of the region are watched by about 300 investors from 15 states. Businessmen from the USA, Denmark, Russia, Germany, Italy, Austria are ready for profitable investments in the Belarusian economy. They were presented more than 150 investment projects in 15 industries: woodworking, processing of secondary resources, food production, and tourism.
Belarus President supports initiative on popular control over prices
Belarus President supports initiative on popular control over prices The Belarus President has supported the initiative of trade unions on people's control over prices. On May 19, this matter was discussed at the meeting of the head of state with the chairman of the Federation of Trade Unions, Mikhail Orda.

18.05.2017

Belarus doubles arms export in 5 years
Belarus doubles arms export in 5 years Belarus’ military-industrial export doubled in the last five years. High-tech systems, optical technologies, tracking and security systems, modern defense equipment. The demand grows not only on products, but on technologies as well.
Agricultural machinery assembly plant to be opened in Tajikistan
Agricultural machinery assembly plant to be opened in Tajikistan A Belarusian agricultural machinery assembly plant will be opened in Tajikistan. The work on building industrial sites is in process. The progress of the project implementation was discussed by the two sides on May 18, 2017 in Minsk. Tajikistan is actively developing agriculture today. The opening of a joint plant on the territory of Tajikistan will help to shut the internal demand for agricultural machinery.
Belarus intends to sign contracts worth $300m at Belarus-Russia Forum of Regions
Belarus intends to sign contracts worth $300m at Belarus-Russia Forum of Regions At the Belarus-Russia Forum of Regions Belarus intends to sign contracts worth no less than $300m. This event traditionally gathers the leading producers of Belarus and Russia at one place. The major event will take place in Moscow at the end of June 2017.Integartion in the high-tech sector will be the main subject of the forum. It is planned that President Lukashenko and President Putin will attend the forum.

17.05.2017

Belarusian manufacturers to be able to participate in public procurement in Russia
Belarusian manufacturers to be able to participate in public procurement in Russia Belarusian producers have got the right to take part in the purchases of Russian state corporations. Thus a market of at least $150 billion opens up for Belarusian suppliers. This decision was made jointly by Belarusian and Russian counterparts. Until recently, goods from Belarus have been considered foreign on the territory of Russia. This negatively affected the price and competitiveness of Belarusian products.
Belarus plans to build hazardous waste processing plant
Belarus plans to build hazardous waste processing plant A plant for hazardous waste processing may be built in Belarus. The implementation of this project was discussed today by the ecologists of Belarus and France, where such enterprises are already successfully operating. Previously, hazardous wastes collected in Belarus, had to be exported for disposal. Therefore, the question is relevant for Belarus. In addition to handling waste Belarus focuses on air quality, greenhouse gases volumes and the preservation of the natural and animal life.
World Bank forecasts GDP growth in Belarus in 2018
World Bank forecasts GDP growth in Belarus in 2018 The World Bank forecasts GDP growth in Belarus in the coming years. According to WB's studies, the gross domestic product in Belarus will grow by 0.7% in 2018, and then by 1.2% in 2019. According to experts' conclusion, in early 2017, the country's economy showed some stabilization, due to the growth of export.
Belarus and China to make greater use of Silk Road's capabilities
Belarus and China to make greater use of Silk Road's capabilities The transport corridor of the economic belt of the Silk Road will be used more widely by Belarus and China. The governments of both countries have signed an agreement on the development of international transport which declares closer cooperation in the use of railway, auto- and air infrastructure.
China to consider $1bn loan for Belarus
China to consider $1bn loan for Belarus Joint construction of the economic belt of the Silk Road, investment opportunities worth billions of dollars and prospects for introducing a visa-free regime. These topics were discussed during the working visit of the President of Belarus to China. The final chord was the meeting of Alexander Lukashenko with the Chairman of the People's Republic of China, Xi Jinping. The heads of state discussed the results of the Beijing forum "One Belt, One Road", as well as key issues of bilateral relations.

16.05.2017

A Silk Road project: Belarusian food products to be shipped to Khorgas
Silk Road project: Belarusian food products to be shipped to Khorgas On May 16 Belarus and China cooperation was discussed in Minsk. Here an agreement was reached on the delivery of Belarusian food products to Khorgos. This is one of the projects on the new "Silk Road". It is located in the border zone of China and Kazakhstan. Here rules of duty-free trade operate. Kaharman Jazin, head of the international cross-border cooperation center Khorgos (Kazakhstan):This is an integral part of this project "One Belt". This is kind of a node, on which all this is implemented.
Belarus President: Industrial park Great Stone expected to be like city of the future
Belarus President: Industrial park Great Stone expected to be like city of the future Belarus and Austria are opening a new page in their relations. Yesterday, the leaders of the countries of the Silk Road adopted the final communiqué of the forum "One Belt, One Road". The large-scale summit brought together heads of state and government, as well as heads of major international organizations. Alexander Lukashenko also made his proposals at the roundtable.

15.05.2017

Country leaders adopt final communique at One Belt, One Way forum May 15
Country leaders adopt final communique at One Belt, One Way forum May 15 Leaders of countries participating in the One Belt, One Way forum adopted final communique. Alexander Lukashenko took part in the grand summit. Talks were held in the international conference hall “Yuantouzhu”. This is where a few round table talks were held. The official day started with the welcoming ceremony of country leaders.
Belarus and China sign contracts worth $13 million
Belarus and China sign contracts worth $13 million The current summit One Belt, One Way is a key event of the last years both for China and the countries participating in the project. Xi Jinping initiated to revive the Silk Way. Today representatives of more than 100 states are discussing the new political and economic power outlook in Beijing. It is difficult to overestimate Belarus’ role in this ambitious project. Being on the main transport routes of Europe and the East, Belarus was among the first countries to support the revival of the Silk Way.
Four new residents come to Great Stone industrial park
Four new residents come to Great Stone industrial park It is expected that the One Belt One Road forum in Beijing will give a new impetus to the development of China's largest project abroad. The park "Great Stone" officially added four new residents. On May 15, agreements were signed in Beijing on the implementation of fast-payback projects. Unique production facilities will be based in the park located near the Belarus capital Minsk. Belarus-made LED technology and equipment that will make it possible to use the energy of the earth will appear on the world market in the near future.

12.05.2017

BSU opens branch of marketing department at MTZ
Belarusian State University opens branch of marketing department at MTZ On May 12, a new branch of the marketing department of the Belarusian State University was opened at the MTZ company. Now, students will be able to see the entire technological process from inside during training. The sides have agreed to conduct profile and practical training. Representatives of MTZ will also assist students in the preparation of term and diploma papers.
Logistics center to open in Chinese-Belarusian industrial park May 12
Logistics center to open in Chinese-Belarusian industrial park May 12 The logistics center with an area of ​​more than 50,000 square meters will open on May 12 in the Chinese-Belarusian industrial park. It will be the first major project of this Belarusian-Chinese joint project and will allow both residents of Great Stone and international carriers to place products. Very soon, another exhibition complex and a hotel will be commissioned in the industrial park. The construction of a health center, a design institute and an innovations center will begin there in June.
Belarus President meets with head of Swiss trading company
Belarus President meets with head of Swiss trading company The prospects of international cooperation were discussed on May 12 at the meeting of the Belarus President with the head of a Swiss trading company.  Alexander Lukashenko proposed working out certain directions for profitable work. This Swiss company is the sixth in Europe and one of the world's largest suppliers of raw materials and rare earth metals.
Belarus President: We must give people decent salary thanks to labor productivity
Belarus President: We must give people decent salary thanks to labor productivity Alexander Lukashenko demands the fulfillment of tasks to improve the living standards of the population. He noted this May 12 taking decisions on personnel matters. New leaders will appear in some district executive committees and the system of internal affairs bodies. The President also appointed an assistant who will be inspector for the Gomel region. Among the main issues are prices, salaries and employment. They will be constantly under control.

11.05.2017

Belarus, Ukraine, Poland open retail equipment company in Vitebsk
Belarus, Ukraine, Poland open retail equipment company in Vitebsk A large investment forum has opened in Vitebsk today. Businessmen from Czechia, Lithuania, Poland, Ukraine, Russia and China participate in it. A new facility to produce retail equipment was opened here too. The project was implemented using Ukrainian and Polish capital. Dozens of new jobs appeared at the new enterprise.
Belarus President comments on problems with food supplies to the Russian market
Belarus President comments on problems with food supplies to the Russian market The trade turnover between Belarus and the Rostov region is set to increase by one and a half times. At the end of 2016, it was estimated at $340 million. Minsk is interested in furthering cooperative ties with this region of Russia. Alexander Lukashenko received governor of that region Vasily Golubev in the Palace of Independence. The parties say construction and the agricultural sector are among the most important areas in the joint work. Alexander Lukashenko also commented on the problems with the supply of food to the Russian market.

10.05.2017

Anatoly Kalinin: Belarus and Turkmenistan agree on automobile and railway service cooperation
Anatoly Kalinin: Belarus and Turkmenistan agree on automobile and railway service cooperation It is possible that Belarus will be taking part in building the second potash mining plant in Turkmenistan. It was announced on May 10, 2017 in Minsk where an intergovernmental meeting took place. Furthermore, it is only one of the lines of further cooperation.

07.05.2017

First container train with Belarusian products departures to China
First container train with Belarusian products departures to China Belarusian products transported to China through the railway. The first train with Belarusian products left the Belarusian town of Smorgon for China on May 6, 2017. It will travel through the Silk Way. The train is to travel 10,000 kilometers till it reaches the Chinese city of Chengdu. What is the train transporting to China and what perspective does the railway open for Belarus’ economy?

06.05.2017

Belarusian products to reach China 5 times quicker
Belarusian products to reach China 5 times quicker The travel time fell by five times. The first train with Belarusian products left the Belarusian town of Smorgon for China on May 6, 2017. It will travel through the Silk Way. The container train was loaded with building materials, which were produced in Grodno region. The train of 40 carriages is to travel 10,000 kilometers till it reaches the Chinese city of Chengdu.
Chinese representatives discuss investments and legislation harmonization
Chinese representatives discuss investments and legislation harmonization China is interested in setting up the largest technopark in the world abroad. The realization of the project and its perspectives were discussed in Minsk on May 6, 2017. Authority representatives, diplomats, both Belarusian and Chinese businessmen, who work in Belarus, gathered for a roundtable discussion. Experts say that the main task for now is to fulfill the industrial park Great Stone with certain projects and create conditions for investors. Work in this direction is being carried out.

05.05.2017

Belarus' foreign exchange reserves up by almost 4% since start of 2017
Belarus' foreign exchange reserves up by almost 4% since start of 2017 Belarus' gold and foreign currency reserves have grown by almost 4% since the beginning of the year and exceeded $5 billion. In April they increased by more than $92.5 million. The country's gold reserves grew thanks to the third tranche of the Eurasian Stabilization and Development Fund's loan, the receipt of oil duties, the National Bank's purchases of foreign currency and rise in world prices for gold.

04.05.2017

Belarus to take part in summit One Belt, One Road in Beijing in mid-May
Belarus to take part in summit One Belt, One Road in Beijing in mid-May Belarus President Alexander Lukashenko emphasizes the importance of the forthcoming visit to China for the development of relations between the two countries. The future of the Belarusian-Chinese cooperation was discussed at the May 4 meeting of the President with representatives of Chinese central and regional media. Strong and reliable relations have been established between the countries, the relations of states have the character of a strategic partnership.
Belarus President counts on more investments from China
Belarus President counts on more investments from China China will not find any closer European country than Belarus, said on May 4 the Belarusian President meeting with representatives of Chinese central and regional media. Strong and reliable relations, referred to as the strategic partnership, have been established between the countries.

03.05.2017

Chinese journalists visit Belarusian confectionary
Chinese journalists visit Belarusian confectionary These days, journalists from China are getting acquainted with Belarus in the framework of a press tour. Yesterday our Chinese colleagues visited the machine-building giants of Belarus and the industrial park Great Stone. On May 3, they went to a confectionary to find out what "sweet taste" Belarus has. Chinese guests tried the Belarusian sweets and chocolate and even got acquainted with the whole production process.

02.05.2017

President Lukashenko about economic novation
President Lukashenko about economic novation Petrol cards, which can be used not only at petrol stations, will soon be introduced in Belarus. It is convenience for corporate entities in the first place. It is assumed that a driver will be able to pay for using a toll road or for a room in a hotel with the help of such a card.
Valery Polkhovsky about the simplification of loan services in Belarus
Valery Polkhovsky about the simplification of loan services in Belarus Income certificates are not necessary for getting a loan in Belarus from now on. The National Bank of the Republic of Belarus doesn’t necessitate them. The regulator suggests that commercial banks should themselves determine the list of the necessary documents in order to see how able to pay the person is who wants to get a loan.
Chinese journalist about Belarusian dump trucks
Chinese journalist about Belarusian dump trucks It is planned that the BelGee plant will be put on stream by July of the current year. It was announced during the Chinese journalists’ visit to the plant on May 2, 2017. The Chinese delegation arrived in Minsk the day before and today the foreign guests had an opportunity to get to know Belarus. The Chinese journalists were demonstrated hoe the joint Belarusian-Chinese car industry project is being fulfilled. The plant is practically ready.

01.05.2017

Rosselkhoznadzor to inspect more Belarusian plants
Rosselkhoznadzor to inspect more Belarusian plants Rosselkhoznadzor specialists are getting down to another inspection of Belarusian plants on May 1, 2017. Upon the request of Belarus they will visit those places, which haven’t been inspected before, so that they would enter the Russian market in future. It is the second monitoring in the current spring. Russian specialists will be working together with Belarusian experts now. They are to visit a dozen of dairy, meat and fish producing plants.
Alexander Chervyakov about Belarus’ industrialization plan
Alexander Chervyakov about Belarus’ industrialization plan Regional industrialization plan will be developed in Belarus. This initiative was suggested by Belarus’ Economy Ministry.  It is a road map, in a way, which is orientated at attracting investments and which was developed by experts and businessmen. This project is primarily necessary to rattle up local businessmen.

29.04.2017

Gomselmash tests harvest thresher in Sudan
Gomselmash tests harvest thresher in Sudan Gomselmash is testing its harvester thresher in Sudan. This model is compact and maneuverable. It is meant for working in small fields and cat harvest sorgo- one of the major cereals which is cultivated in this part of Africa. The agreement to hold the test operation was reached at the Belarus-Sudan business forum. It was held it Khartoum in January 2017 during President Lukashenko’s visit to Sudan.
Minsk and Tallinn to scale up trade and economic cooperation
Minsk and Tallinn to scale up trade and economic cooperation Minsk and Tallinn will scale up trade and economic cooperation. These issues were discussed Belarusian and Estonian colleagues at Minsk City Executive Committee on April 27, 2017. The Baltic partners are primarily interested cooperating in industrial and housing services and utilities sectors. One of the avenues of cooperation are providing of public amenities and landscape gardening.

28.04.2017

Brest hosting international business forum April 28
Brest hosting international business forum April 28 Brest is hosting an international business forum, which presents the entire potential of the region. The main goal of the event is to attract new foreign partners and investors. Representatives of companies from 14 countries have already taken advantage of this opportunity. Most of them came with specific proposals.
Slovak investors plan to invest 130 million euros in agriculture in Vitebsk region
Slovak investors plan to invest 130 million euros in agriculture in Vitebsk region Slovak investors plan to invest EUR 130 million in the development of agriculture in the Vitebsk region. The list of joint projects includes the construction of a plant for waste treatment and production of medicines. On April 27, the prime ministers of the two countries discussed the economic component of cooperation. The head of the Belarusian government is now in Bratislava. Andrei Kobyakov also expressed confidence that Slovakia will assist in the development of cooperation with the EU.
Belarus and Slovakia to discuss cooperation in the field of nuclear safety April 28
Belarus and Slovakia to discuss cooperation in the field of nuclear safety April 28 Belarus and Slovakia will discuss cooperation in the field of nuclear safety. On April 28 the Prime Minister of Belarus will visit the nuclear power plant Mochovce. The Belarusian delegation is on a visit to Bratislava these days. Slovakia has two NPPs. Their power allows this rather small European state to meet about half of the electricity needs of the country. This is the world's second largest success after France - one of the world leaders in nuclear energy.

27.04.2017

Belarus President holds working meeting with head of Development Bank
Belarus President holds working meeting with head of Development Bank On April 27, Alexander Lukashenko approved a new five-year strategy for the development of the woodworking industry. Taking into account the instructions of the President, the document will be submitted to the Development Bank for approval in the near future. We will remind, a number of woodworking companies are now managed by the Development Bank. Over the past couple of years, the financial situation of problem enterprises in this sector has improved, and in 2017 the task is set to reach profitable work.
Rosselkhoznadzor to check 12 more Belarusian enterprises in May
Rosselkhoznadzor to check 12 more Belarusian enterprises in May Belarus expects the next inspection of the Rosselkhoznadzor in early May, said Minister of Agriculture and Food at the opening of the International Dairy Forum in Minsk. Leonid Zayats said that a preliminary report has already been received on the results of the latest inspection of Belarusian enterprises by Russian experts. According to the minister, there are no global complaints, and some of them were at least somewhat biased. At the moment, the first eight enterprises that have been subject to restrictions have been checked.

26.04.2017

Orsha Tool Making Plant to be modernized
Orsha Tool Making Plant to be modernized The technical re-equipment of the Orsha Tool Plant will give new opportunities for the development of both the enterprise itself and the town as a whole. Its products are in demand today, not only in Belarus, but also on the external markets. However, the Orsha enterprise cannot yet compete with world brands. Alexander Lukashenko paid attention to this in his State of the Nation Address. The head of state called for an analysis of the current situation and demanded that this company be put in order.
Belarus gets $300m tranche of Eurasian Stabilization and Development Fund
Belarus gets $300m tranche of Eurasian Stabilization and Development Fund The third tranche of the Eurasian Stabilization and Development Fund's loan has been transferred to Belarus. Its size is $300 million. According to the Ministry of Finance of Belarus, the country has fulfilled all the conditions for obtaining this money. The agreement on granting Belarus the loan was signed in March. The total amount of the loan is $2 billion. It will be transferred in seven tranches to support the economic policy and structural changes in Belarus. Photo: forbes.kz
Belarus is ready to share IT experience with Estonia
Belarus is ready to share IT experience with Estonia Belarus and Estonia have a great potential for increasing mutual trade turnover, said Belarusian MPs who on April 26 welcomed Estonian counterparts. So, Belarus is ready to share experience in the energy sector, agro-industrial complex, and light industry. In addition, Belarusian IT sector is also of interest to Estonia. There is also the intention to sign a memorandum on cooperation in the field of sport.

25.04.2017

Medicinal herb plantations may appear in Vitebsk Region Mysteries of Chinese medicine on Vitebsk land. Plantations of medicinal herbs may appear in Vitebsk region with the participation of Chinese investors. Vitebsk received a delegation from the Chinese province of Shandong. The guests got acquainted with the ecological potential of Belarus. Commercial and investment proposals have been made to the Chinese delegation for a more detailed study.

24.04.2017

TIBO projects
TIBO 2017 in Minsk: robots, gadgets, e-government The exhibition TIBO has completed in Minsk. This is a forum dedicated to telecommunications, information and banking technologies. During the recent State of the Nation Address, Belarus President Alexander Lukashenko repeatedly returned to the topic of new knowledge and developments, to the e-government – all this is necessary for creating tomorrow’s economy.
Belarus and Russia's Nizhny Novgorod Region to manufacture automobile components together
Belarus and Russia's Nizhny Novgorod Region to manufacture automobile components together Belarus and Russia's Nizhny Novgorod region will joint produce automobile components, which will be competitive price and quality-wise. The agreement was made by the two sides during the Belarus-Nizhny Novgorod Business Cooperation Council session. Belarusian builders are prepared to erect infrastructure in Nizhny Novgorod, where a range of FIFA World Cup matches will be held in 2018. It is quite possible that fans will be driven to the sports arenas in Belarusian buses.
First barrels of “black gold” produced in Zhlobin
First barrels of “black gold” produced in Zhlobin First barrels of “black gold” were produced by Belarusian oilmen at the new oil field near Zhlobin. According to the specialists, as many as 800 thousand tons of oil are in the subsoil. Belarus doubled the extraction of the hydrocarbon crude in 2016 alone. Other resources are used more as well.
Belarus plans to import about 18 million tons of Russian oil in 2017
Belarus plans to import about 18 million tons of Russian oil in 2017 Belarus plans to import about 18 million tons of Russian oil in 2017 Belarus is planning to import about 18 million tons of Russian oil in 2017. Increasing the stream of raw material will allow to overload oil refinery plants. Belarus and Russia signed a package of documents which regulates relations concerning oil and gas sectors in April 2017. It was followed by the negotiations held by Belarus’ and Russia’s presidents on April 3, 2017 in St. Petersburg.
Biotechnology vital for Belarus' economy, Mikhail Myasnikovich says
Biotechnology vital for Belarus' economy, Mikhail Myasnikovich says On April 22, Belarusian senators took part in the national voluntary working campaign called Subbotnik. Chairman of the upper chamber of Belarus parliament and his deputies concreted floors of the newly built research and production center of biotechnology. The discovery of innovative enterprises is particularly important in the Year of Science, which is what 2017 is declared. The first complex is to be put into operation as early as 2017.
Prices growth in Belarus: People's reaction
Prices growth in Belarus: People's reaction Price increases was one of the serious topics in the President's State of the Nation Address. The groundlessness of overcharging causes concern not only among buyers. The President is also displeased with that. Sugar prices have risen without any reasons, believes Alexander Lukashenko, and this could eventually stop domestic plants if cheaper goods from Russia pour into Belarus. The Minister of Antimonopoly Regulation and Trade was instructed to look into the issue.

23.04.2017

Alexander Shvets about business liberalization efforts Alexander Lukashenko delivered the State of the Nation Address on April 21, 2017. The points President Lukashenko brought up are actively being discussed by the representatives of business circles. Special attention was paid to business. The issue is topical like never before. A package of documents on the liberalization of this sector has been brought up for public discussion.
Sergei Novitsky shares opinion on business sector’s changes
Sergei Novitsky shares opinion on business sector’s changes The points which were stated by Alexander Lukashenko during his State of the Nation Address are actively discussed by the representatives of business circles. President Lukashenko paid special attention to business dealing. The issue is topical like never before. A package of documents on the liberalization of this sector has been brought up for public discussion. The prominent Belarusian entrepreneur Sergei Novitsky shared his opinion about the upcoming changes in the rules of conducting a business, about the simplification of this process.

22.04.2017

Belarus to continue attracting Chinese investors, Alexander Lukashenko says
Belarus to continue attracting Chinese investors, Alexander Lukashenko says Economic questions are at the center of Alexander Lukashenko’s attention: employment, price determination, salary issues. President Lukashenko emphasizes that the situation is difficult but it is not critical. A lot was done in the 25 years of independence, and global crises checked Belarusian economy on viability several times. The main problem Belarus inherited from the Soviet times is the dependence on foreign markets.

21.04.2017

Belarus to continue price control practices, Alexander Lukashenko says
Belarus to continue price control practices, Alexander Lukashenko says The main task for 2017 is to bring the average salary to BYN1,000 but this money must be earned, not printed, said the Belarus President in his State of the Nation Address April 21. Increased productivity is the basis of salary growth, emphasized the head of state.

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