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Economy & business

15.08.2016

Turkey to invest in Belarus' Grodno region
Turkey to invest in Belarus' Grodno region Last week, the Belarus President continued his working trip to the country's regions. This time the focus was on the Grodno region. The visit revealed a number of problems, from restoration of order at enterprises to personnel policy. 
Russia to replace Belarus' reactor vessel at Ostrovets construction site
Russia to replace Belarus' reactor vessel at Ostrovets construction site The Russian company Rosatom is ready to replace the reactor vessel for the first power unit of the Ostrovets nuclear power plant. This statement was made by the corporation after the formal request of the Ministry of Energy of Belarus. As noted by Rosatom, the reason for the replace will be public opinion rather than safety concerns. The company added that public opinion is not less important than safety. 

12.08.2016

Americans buying Belarusian currant jam
Americans buying Belarusian currant jam Best practices of farmers from Stolbtsy district is adopted by colleagues from all over Belarus. Vladimir Schekala's farm - the farmer cultivates apples and black currant - has become a venue for the nationwide seminar of gardeners. The farm takes into account for all the production details. Products of the Stolbtsy farmer are known from Moscow to Simferopol. 95% of beneficial berries are exported to Russia. In the near future the farm would like to create an entire production complex.
Business ladies of Belarus and Russia discuss joint projects
Business ladies of Belarus and Russia discuss joint projects Belarusian cuisine in Siberia or how to strengthen economic ties between Russia and Belarus. This issue was discussed at the round table by business women of the two countries. The discussion was attended by entrepreneurs, business leaders, representatives of NGOs and voluntary organizations. In the center of attention was the business environment, capabilities of the Union State of the market and the establishment of joint projects.

11.08.2016

Alexander Lukashenko meets with Bryansk region governor
Alexander Lukashenko meets with Bryansk region governor Belarus and Bryansk Oblast of Russia should increase cooperation, and not just commercial. Promising sectors of collaboration were discussed on August 11 at a meeting of Alexander Lukashenko with the governor of that Russian region Alexander Bogomaz. In recent years, the bilateral trade turnover has decreased. While it was about $900 million in 2013, in 2015 it was only $464.5 million.
Belarus to replace damaged reactor vessel for Belarusian NPP power unit
Belarus to replace damaged reactor vessel for Belarusian NPP power unit Belarus has decided to replace the reactor vessel of a power unit at the Ostrovets nuclear power plant, which is now under construction, said Belarus Energy Minister Vladimir Potupchik.  Talking about the cost of replacing the equipment, the minister said that it is the subject of negotiations with Russian partners. Earlier it became known that an emergency situation has occurred at the construction site of the Belarusian NPP. 
Export growth rate exceeding that of import in Minsk
Export growth rate exceeding that of import in Minsk Minsk has decreased import of goods and services. Since the beginning of 2016, this figure has fallen by 9.6 percent compared with the same period last year. This has made it possible to increase the level of competitiveness of domestic products and increase the demand for goods and services. Minsk-based companies have actively began to increase production and expand the range of products. In particular this applies to medicines, fruits and vegetables.

10.08.2016

Belarus up 47 notches in World Bank's taxation indicator
Belarus up 47 notches in World Bank's taxation indicator Businessmen, prosecutors and tax inspectors at the same table. For the first time, improvements in the field of taxation legislation were discussed in such a wide format. Now updates to the tax code are made every year, however, Belarusian authorities don't expect radical changes in 2017.
European Bank for Reconstruction and Development allocates $20 million to Belarus
European Bank for Reconstruction and Development allocates $20 million to Belarus $20 million for small business loans: the European Bank for Reconstruction and Development (EBRD) has allocated Belarusian colleagues a syndicated loan.  Among the investors are several financial institutions from Germany and the Netherlands. Head of the EBRD office in Belarus called the deal a breakthrough agreement, as the parties have moved from words to actions.

09.08.2016

Belarusian Railways marks professional holiday
Belarusian Railways marks professional holiday 75% of freight and half of all passenger traffic in Belarus is transported by rail. Railway workers on August 7th celebrate their professional holiday. Upgrading railways and the increase of speed are the most important points on which Belarusian railway staff is working today. The total length of railroads in Belarus is more than 5 thousand kilometers.
Investments in Minsk in H1 2016
Investments in Minsk in H1 2016 The economy committee of the Minsk city executive committee has counted incomes from foreign investments. Since the beginning of 2016, Minsk has received more than 600 million dollars of foreign direct investment on a net basis. The share of Minsk among regions of Belarus is over 60 percent. The main investors of the capital today are Russia, Germany, Poland and France.

08.08.2016

Belarus' first line for recycling of used batteries set up in Minsk
Belarus' first battery recycling line set up in Minsk Belarus' first line for recycling of used batteries has been set up in Minsk. The plant now has a status of the experimental one. Its capacity is 100 tons per year. This figure is calculated based on the total volume of batteries collected. The equipment has successfully passed all the tests. Now the preparation of all necessary documents is underway. The installation allows extracting valuable components from the waste, which can be divided into three main groups.

07.08.2016

Dalia Grybauskaite praises uniform of Belarusian team in Rio
Lithuania president praises uniform of Belarusian team in Rio A ceremony of raising the national flag of Lithuania was held on August 6 in the Olympic Village. The event was attended by the president of the Republic of Lithuania Dalia Grybauskaite.

05.08.2016

Mogilev and Bryansk oblasts mulling over engineering joint ventures
Mogilev and Bryansk oblasts mulling over engineering joint ventures More than 50 youth projects will be implemented between the Mogilev and Bryansk regions. Belarusians and Russians are entering a new level of cooperation. During an inter-regional forum in Mogilev a large action plan for cooperation between the two regions has been signed. These are all kinds of joint festivals, meetings, and projects in the field of education, culture and sports. In the long term, the regions are going to create engineering and processing industry joint ventures with possible access to the markets of third countries.
President inspects harvesting in Minsk and Vitebsk regions from helicopter
President inspects harvesting in Minsk and Vitebsk regions from helicopter Alexander Lukashenko inspected the efforts of rural workers on August 3 from a helicopter, said the press secretary of the head of state.  The Minsk region has overcame a 1 million ton mark in grain harvesting. More than half of the areas has been cropped. It is not surprising that the head of state paid special attention to the central region. Alexander Lukashenko inspected the north-western regions: Miadziel, Vileika, partially Maladziachna and Lahoisk. These regions have always been considered among the most complex in agricultural terms.

04.08.2016

Vitebsk region needs to be tidied up, Belarus President says
Vitebsk region needs to be tidied up, Belarus President says The Vitebsk region needs to be put in order, demanded the President on August 4 during a visit to the agricultural production cooperative Mayak Braslavsky. Alexander Lukashenko is making a working trip to the Vitebsk region today. The President stressed that in no case can territories be littered or let remain untidy, everything must be order. In addition the Vitebsk region authorities must make clear decisions on the agricultural specialization in every district of the Vitebsk region.
Alexander Lukashenko on working trip to Vitebsk region August 4
Alexander Lukashenko on working trip to Vitebsk region August 4 Alexander Lukashenko is making a working trip to the Vitebsk region today. In the center of attention of the President is the development of agriculture, in particular the new agricultural technologies. The northernmost region of the country is always given special attention. It requires special technology and approaches, said the President. 
Belarus' refinancing rate down to 18% per annum from 17 August
Belarus' refinancing rate down to 18% per annum from 17 August The refinancing rate in Belarus will be reduced by 2 percentage points to 18% per annum. This decision will come into force from 17 August. This was reported on August 4 by the National Bank. This is the fourth such downward decision from the beginning of 2016. The decision was taken by the National Bank Board and the Monetary Policy Committee of this financial institution. 
New markets and more jobs: how can Belarusian companies fulfill these tasks?
New markets and more jobs: how can Belarusian companies fulfill these tasks? Expand markets and create additional jobs - such tasks face Belarusian businesses today. However, not everyone succeeds in implementing them in the difficult economic situation. Today, branches of the largest industries outside Minsk face a particularly difficult situation: the number of orders has reduced and not only.
About 200 joint innovation projects: Belarusian and Chinese investors meeting in Minsk
About 200 joint innovation projects: Belarusian and Chinese investors meeting in Minsk About 200 innovative projects are being discussed today in Minsk. Belarusian and Chinese investors have met in Belarus. This is the first such forum in the history of cooperation between the two countries. The list of areas to interact in includes electronics, biopharmaceuticals, fine chemistry. In addition to the forum considered the establishment of industries based on the industrial park "Great Stone".

03.08.2016

Vladimir Morozov, head of Belarusian Railways
First InterCity business class train travels from Gomel to Minsk On the eve of the professional holiday Belarusian Railways opened an interregional business class route. Gomel became the first of the regional centers of Belarus to which you can now get from the capital without interruption and with European comfort. The travel time is no more than three hours. Oksana Yakubovich, passenger:Such a comfortable train. I think everyone will be pleased to use it.
Andrei Kobyakov visiting enterprises of Brest region
Andrei Kobyakov: Belarus' GDP to grow 1.5% in 2017 Export development, branching out into new products and the creation of additional jobs are the main topics of the working trip of the Belarus Prime Minister to the Brest region on August 3.  He is set to visit several companies. Among them are a dairy plant, a machine tool plant, and a private factory for the production of furniture.

02.08.2016

President Lukashenko meets labor and social protection minister
President Lukashenko meets labor and social protection minister The provision of benefits and the settlement of pension issues on August 2 were discussed at a meeting of the President of Belarus with the Minister of Labor and Social Protection.  Among the topics raised were the calculation of civil service term and the calculation of pensions. It concerns those who resigned in connection with the reduction of the Armed Forces in the early 90s. Today, these people cannot switch from those low "military" pensions to labor pensions.
Stadler intends to expand production in Belarus
Stadler intends to expand production in Belarus New projects and continued cooperation. The Belarus President met with the head of the Swiss company Stadler Rail Group. This is one of the world leaders in the manufacture of electric transport. In Belarus, it has a facility in Fanipol. Now it has received a new order for the Norwegian State Railways, plans to assemble tramways for the city of St. Petersburg. The company finds a way out of a seemingly difficult economic situation. Besides, all that is done in Fanipol is a purely Belarusian product. Cooperation with domestic producers is one of the project priorities.

01.08.2016

Alexander Lukashenko: Belarus ready to work with Stadler Rail Group
Alexander Lukashenko: Belarus ready to work with Stadler Rail Group New projects and proposals for the development of electric train network in Belarus were discussed at the August 1 meeting of Alexander Lukashenko with CEO and owner of Swiss company Stadler Rail Group Peter Spuhler. This is one of the leading European manufacturers of rail buses, passenger cars, trams and trains. In 2014, a joint production facility for the manufacture of electric transport opened in Belarus' Fanipol. The project cost around 50 million euros.

29.07.2016

Belarus President proposes to establish holding company based on Tsnyanskie Ecological Products farm
Belarus President proposes to establish holding company based on Tsnyanskie Ecological Products farm 30% of the grain has already been harvested, with the yield being two centners higher than in 2015. On July 29, Belarus President Alexander Lukashenko was reported on the harvesting campaign in the Minsk region. The head of state was shown promising agricultural machinery. One of these new products is the Borisov-made baler collecting straw and hay into neat bundles. It increases quality and reduces labor costs and losses. 20% of the vehicle's components are Belarusian. In the future, half of this vehicle will consist of Belarusian parts.
President Lukashenko inspecting harvesting campaign in Belarus
President Lukashenko inspecting harvesting campaign in Belarus 30% of the grain has already been harvested, while the yield is 2 centners higher than in 2015. On July 29, the Belarus President Alexander Lukashenko was reported on the harvesting campaign in the Minsk region. The head of state was shown promising agricultural machinery. One of these new products is the Borisov-made baler collecting straw and hay into neat bundles. It increases quality and reduces labor costs and losses. 20% of the vehicle's components are Belarusian. In the future, half of this vehicle will consist of Belarusian parts.
Valery Voronetsky: Diplomat Valery Voronetsky: Austrian investors gladly choose Belarus
Diplomat Valery Voronetsky: Austrian investors gladly choose Belarus Ambassador of Belarus to Austria and Croatia Valery Voronetsky explained why Austrian investors gladly choose Belarus in an interview with Egor Khrustalev's TV program Simple Questions. Mr Voronetsky, this calendar year can be called the year of Austria in Belarus. Firstly, in the autumn of 2015, the first meeting between the two presidents took place. And, of course, the opening of the Austrian embassy in Belarus, despite the fact that Austria has closed its offices in the Baltic countries.   This all is a huge diplomatic success.
Alexander Lukashenko to get acquainted with work of Belarusian farms
Alexander Lukashenko to get acquainted with work of Belarusian farms President of Belarus is going to pay a working visit to Minsk Region on 29 July. Alexander Lukashenko will get familiar with the development of the country's farms. It is planned that in Logoisk district the head of state will visit the company Tsnyanskie Ecological Products, which specializes in the cultivation of potatoes and cereals. The farm uses modern technology of storage and processing of root crops which allows successfully selling products in domestic and foreign markets.

28.07.2016

Belarus, EU to fight economic crimes together
Belarus, EU to fight economic crimes together Belarus and the European Union are joining forces in the fight against economic crimes. On July 28, international experts discussed in Minsk efforts to combat modern methods of financial fraud schemes. In addition to tax evasion the list of crimes includes criminal bankruptcy and illegal entrepreneurship.      Every year, hundreds of millions of dollars illegally replenish the accounts of foreign companies and one-day firms who use fake company details.
Belarusian blueberries tested at Chinese Academy of Sciences
Belarusian blueberries tested at Chinese Academy of Sciences Useful for health and your own purse. During the first months of summer more than 400 tons of blueberries have been purchased from the population of the Minsk region. The suppliers plan to pick 750 tons this season. Despite predictions, the Belarusian National Union of Consumer Societies (Belkoopsoyuz) does not see obstacles to surpassing blueberry picking plans. Most blueberries are exported. This is one of the most sought-after berries abroad. Among the regular customers is the Chinese Academy of Sciences.
Minsk accounts for one-third of Belarus GRP
Minsk accounts for one-third of Belarus GRP The share of Minsk is now almost one-third of the gross regional product (GRP) of Belarus. Moreover, experts see further reserves. Many enterprises have increased supplies, totally to 20 countries. First of all, this relates to the largest industrial complex - the engineering flagship Minsk Tractor Works. The city government creates preferences for new industries in the free economic zone Minsk. Additional jobs are given to 500 employees. The city techno-park promises more than 300 new jobs in the near future.

27.07.2016

Belarus premier visits Belarus-Chinese BelGee company
Belarus premier visits Belarusian-Chinese BelGee plant The Prime Minister of Belarus considers it necessary to create modern car sales centers in the country. Andrei Kobyakov raised this topic inspecting one of the largest investment projects in the field of mechanical engineering. The construction of a new auto plant is now underway in the Borisov district. A facility for the production of Belarusian-Chinese cars is set to open by the end of 2016. The head of government not only assessed the infrastructure and technological capabilities, but also personally tested one of the models.
Prime Minister tests BelGee car assembled in Belarus
Prime Minister test drives BelGee car assembled in Belarus The Prime Minister today test-drove cars assembled in Belarus. Andrei Kobyakov made a working trip to Minsk region. A new factory with Chinese capital is being built in Borisov.  An estimated capacity of the company in the first phase will amount to 60,000 cars per year.
15,000 jobs created in Belarus in Q1 2016
15,000 jobs created in Belarus in Q1 2016 The Belarus government has discussed the creation of highly effective and sought-after jobs, as well as progress in employment. In the beginning of 2016, the President set a task to create 50,000 vacancies annually. In particular, this must be done thanks to new production facilities. As noted by the Labor Ministry, such enterprises demonstrate higher performance, greater revenues and offer better salaries.

25.07.2016

Tractor plant and investment fund: Belarus-China future projects
Tractor plant and investment fund: Belarus-China future projects New major projects are planned between Belarus and China. This week, representatives of the Chinese corporation CITIC Group visited Minsk. At a meeting with President Alexander Lukashenko the details of the future projects were discussed. The company from China has already built three cement plants in Belarus. Now it is engaged in the production of passenger cars and modernization of Orsha Linen Mill.
Belarus President makes unplanned visits to distressed enterprises of Mogilev
Belarus President makes unplanned visits to distressed enterprises of Mogilev Visiting a number of successful enterprises of the Mogilev region and the city of Mogilev, the Belarus President suddenly deviated from the planned route and made a number of unplanned visits to facilities.

22.07.2016

Alexander Lukashenko sets task to beautify Mogilev
Alexander Lukashenko sets task to beautify Mogilev More gloss and harmony are needed in Mogilev urban development, stated the Belarus President during his working trip to Mogilev region. The head of state was informed about the fulfillment of instructions on socio-economic development of the region.  Alexander Lukashenko noted that other regional centers had already been beautified. However, Mogilev is lagging behind in these positions. So a plan of modernization of the city needs to be created.
Belarus President requires multiplier effect in industrial enterprises' development
Belarus President requires multiplier effect in industrial enterprises' development The President of Belarus requires a multiplier effect in the development of Belarusian industrial enterprises. Alexander Lukashenko said about this while visiting the company Technolit. The head of state today, 22 July, is on a working trip to the Mogilev region. The President reported on the development of innovative technologies and the organization of high-quality engine parts manufacturing. At present, Technolit produces components for automotive, agricultural, road, construction and special equipment.
Huawei opens service center in Minsk
Huawei opens service center in Minsk China increasingly often chooses Belarus for realization of their business projects. July 21 Huawei's service center opened in Minsk. It will house a showroom, too. It will present the entire product line of the Chinese IT brand. These are mobile phones and a variety of other devices.
Belarus, Kazakhstan discuss agricultural cooperation
Belarus, Kazakhstan discuss agricultural cooperation Cooperation of Eurasian Economic Union partners - Belarus and Kazakhstan - was discussed in Gomel July 21. Despite the recently decreased trade turnover the two states have the necessary potential for restoring the bilateral trade.
Alexander Lukashenko to make working trip to Mogilev region on July 22
Alexander Lukashenko to make working trip to Mogilev region on July 22 The President of Belarus on July 22 will make a working trip to the Mogilev region. The Head of State will be briefed on the implementation of instructions on socio-economic development of the region and improvement of the regional center.  

20.07.2016

China to invest $120 million in hotel and business center in Minsk
China to invest $120 million in hotel and business center in Minsk Another joint Belarusian-Chinese project has started today - the construction of a modern hotel and business complex in the Tsentralnyi district of Minsk. On July 20 a capsule was laid here with a message to future generations in Belarusian and Chinese. The design occupies an area of ​​140,000 square meters and is unique for Belarus. The high-risers, from 9 to 25 floors, will house offices, a hotel and even a clinic. A fitness center and 8 tennis courts are also included in the plan.
President Lukashenko meets with head of Chinese corporation CITIC Group
Belarusian-Chinese major joint projects as of 2016 Belarus and China are discussing the possibility of implementing new large-scale business projects. Mutual interests were talked over during the meeting of the Belarus President with the head of CITIC Group, China's largest corporation, at the Palace of Independence on July 20. The parties already have successful experience of cooperation. First of all, this is the construction of three cement plants and modernization of Orsha Linen Mill. Now they are creating a company for the production of cars, as well as the first joint investment fund.
Redenomination in Minsk has not lead to price increases
Redenomination in Minsk has not lead to price increases The July 1 redenomination has not lead to higher prices in the Belarus capital. Labels in stores are under control. Minsk trade services are monitoring the situation in all trade pavilions weekly. 16 officials in Minsk have been fined since the beginning of 2016 for violation of the price and antitrust laws. Among the major violations is exceeding the maximum limit of trade margins in respect of socially important goods.
Belarus President expresses interest in cooperation with CITIC Group
Belarus President expresses interest in cooperation with CITIC Group Belarus and the Chinese state corporation CITIC Group plan to implement new projects. President Alexander Lukashenko today met with the head of the company Mr. Wang Jun. Minsk already has successful experience of cooperation with the corporation. First of all, this is the construction of three cement plants. Now a company for the production of passenger cars is being established and modernization of Orsha Linen Mill is underway.

19.07.2016

Development Bank of Belarus switches to new strategy
Development Bank of Belarus switches to new strategy The Belarus President has instructed the Development Bank of Belarus to actively support small and medium businesses. This was discussed at the July 18 meeting of Belarus President Alexander Lukashenko with the head of this specialized financial institution Sergei Rumas. This feature will be reflected in the new financial strategy of the Bank. It will extend the number of financial products for small and medium business and increase the volume of support for this sector of the economy.

18.07.2016

Vladimir Khatskevich, deputy chief of the office of metallurgy and machine tool industry of the Ministry of Industry of the Republic of Belarus
Special steel production facility due in Belarus by 2022 A complex for the production of innovative products - special steels - may be built in Belarus by 2022. On July 17, metallurgical industry workers celebrated their professional holiday and share plans and achievements in this sphere. A new rolling mill has been completed at Belarusian Steel Works (BMZ). In September 2015, the head of state attended a ceremony to launch it. Some innovations have been introduced at the Mogilev and Rechitsa plants.
Chinese businessmen allocate $150,000 for restoration of Smolevichi district
Chinese businessmen allocate $150,000 for restoration of Smolevichi district The elimination of the consequences of last week's hurricane continues in Belarus. Chinese businessmen have decided to help the Minsk region. Smolevichi District administration:Despite the fact that everything is okay in financial terms there, this aid is still very valuable. I want to thank our Chinese friends who can to support us in this difficult time. Cash certificates have been handed today to the leadership of Minsk Oblast. As much as $150,000 will be spent on reconstruction works in Smolevichi district.

15.07.2016

Giedrius Kaukas, head of the holding company of woodworking industry organizations
Revival of Belarus' woodworking: Nine companies may reach break-even point by 2017 In 2017, Belarusian woodworking enterprises should break even. This is the goal of the holding company uniting nine largest manufacturers of the problematic sector. Its modernization has required hundreds of millions of dollars over the last six years but the campaign was not a success.

13.07.2016

Belarus plans to reduce customs clearance time
Belarus plans to reduce customs clearance time Revenues from transit in Belarus will increase to $1.5 billion. The Council of Ministers of Belarus discussed the program of development of transport capacity in 2016-2020.  The volume of logistics services are expected to grow by 1.5 times and there will be much more warehouse space.
Belarus President requires breakthrough in relations with China
Belarus President requires breakthrough in relations with China The President of Belarus has made a number of appointments. The changes affected the country's diplomatic corps. Alexander Lukashenko appointed ambassadors to China and Georgia.  Addressing the diplomats, the President stressed the need to increase the momentum in foreign trade. Starting from July 12, the Embassy of Belarus in China will be headed by Kiryl Rudy. An economic expert and assistant to the President is already familiar with the work of the diplomatic mission in China. However, his new role is immeasurably more important.
Belarus, Russia discuss trade and economic cooperation July 12
Belarus, Russia discuss energy issues July 12 The heads of the Belarusian and Russian governments met in Moscow July 12 to discuss trade and economic cooperation. Also, Andrei Kobyakov and Dmitry Medvedev talked over the situation in the energy sector and the interaction of the countries. Andrei Kobyakov, the Prime Minister of the Republic of Belarus:We are ready to discuss all issues, including difficult and sensitive ones, which periodically arise in our trade and economic relations.

12.07.2016

Belarus, Russia premiers meet in Moscow to discuss current issues
Belarus, Russia premiers meet in Moscow to discuss current issues The bilateral relations and the situation in the Eurasian Economic Union have become the subject of a meeting between the premiers of Russia and Belarus. In addition to current issues, Andrei Kobyakov and Dmitry Medvedev discussed the situation in the sphere of energy sources. Previous consultations were held at the level of deputy prime ministers and ministries. The Russian prime minister noted the high level of Belarusian-Russian cooperation and partnership. He added that there are topics on which the sides need to agree.
Belarusian-Slovak Business Forum to open in Vitebsk July 12
Belarusian-Slovak Business Forum to open in Vitebsk July 12 More than 20 Slovak companies on July 12 will participate in a business forum in Vitebsk.  The event will bring together Vitebsk authorities, associations for support of small and medium businesses of Russia and Europe, as well as specialists of relevant financial institutions. Open dialogue is the main goal of the Belarusian-Slovakian forum at which participants will discuss prospects for cooperation in energy, engineering, wood processing, pharmaceuticals, agriculture, light industry, tourism and recreation.
Belarus to supply more to Africa
How Belarusian ambassadors promote nation's economy worldwide Increase positions in traditional markets and developing new ones. Belarusian diplomats working around the world now face such tasks. On June 11 Minsk hosted a meeting of heads of diplomatic missions and consular institutions of Belarus. The topic of foreign economic activity became the priority one.

11.07.2016

Mikhail Myasnikovich visits Soligorsk Plant of Technological Equipment
Mikhail Myasnikovich visits Soligorsk Plant of Technological Equipment Financial reanimation or bankruptcy? The future of Soligorsk Technological Equipment Plant was discussed on July 8. The head of the upper house of Belarus' parliament and former prime minister, Mikhail Myasnikovich, visited the company where he got familiar with the situation and met with staff. The plant, which is about 30 years old, specializes in the manufacturing and repairs of equipment for mining and chemical industries. 

08.07.2016

Building complex near Minsk circus to be completed by end of 2018
Building complex near Minsk circus to be completed by end of 2018 The construction of the complex near Minsk circus will be completed by the end of 2018. The corresponding decree was signed by the President of Belarus. Engineering and transport infrastructure should also be fully prepared.
Fuel prices not to raise in Belarus, Vladimir Semashko says
Fuel prices not to raise in Belarus, Vladimir Semashko says The Council of Ministers of Belarus has removed the restriction on export of fuel abroad. From 2011, one could travel outside the Eurasian Economic Union from Belarus on the same vehicle no more than 1 time in 8 days. If one had to travel abroad more frequently, he needed to pay a fee. The regulation shall enter into force on 1 September 2016.

07.07.2016

Students from Russia and Kazakhstan to help construct Belarusian nuclear power plant
Students from Russia and Kazakhstan to help construct Belarusian nuclear power plant The third labor semester has officially opened today at the Belarusian nuclear power plant. Taking part in the construction of the nuclear power plant this summer will be more than 400 children from Belarus, Russia, and Kazakhstan. Students will carry out concrete and masonry work and install some equipment.
Tourists about new money in Belarus
Tourists about new money in Belarus New Belarusian money has already become a kind of guide for foreign visitors to our country. 7 banknotes depict 7 Belarusian regions and 7 architectural symbols. Tourists, like many Belarusians, see these notes for the first time. This young man from Turkey has been in the capital only two days but has already spent several hundred redenominated rubles.

06.07.2016

Belarus' tax system to be improved: Alexander Lukashenko meets with Tax and Duties Minister
Belarus' tax system to be improved thanks to brand new technologies Improvement of the tax system of Belarus was the main topic of the meeting of the President with the Minister for Taxes and Duties, Sergei Nalivaiko. According to Alexander Lukashenko, the taxation procedure in the country should be comfortable for businesses and ensure the realization of the legitimate interests of the state. Many hopes are on the effective work of fiscal authorities and the introduction of new technologies.
Belarus President for simpler taxation procedure for businesses
Belarus President for simpler taxation procedure for businesses Belarus' taxation procedure for businesses should be as comfortable as possible and ensure the realization of the legitimate interests of the state. This was discussed during a July 6 meeting of the President of Belarus with the Minister of Taxes and Duties, Sergei Nalivaiko.
Grodno companies to present products in Gansu
Grodno companies to present products in Gansu More than a dozen of Grodno companies will present their products at an exhibition in Gansu province of China. Among the major items will be milk, flax, starch and glass products. Also the Belarusian region will present its potential for large businesses of the Chinese province. Belarusians are set to visit a technopark and a new industrial zone in Lanzhou. The visit aims to develop bilateral relations between the regions.

05.07.2016

Wiktorin: New Belarusian currency makes tourists' life easier
Wiktorin: New Belarusian money easier for EU tourists to count Belarusian banks have carefully studied the experience of a number of European countries in preparation for the July 1 redenomination, said Chairman of the Board of the National Bank Pavel Kallaur. The National Bank officials on July 5 met with the European Union delegation. The parties discussed the possibility of cooperation in the framework of twinning projects. They are directed at assisting Belarus' Government in work to sync Belarus' legislation with that of the EU. This will affect a variety of spheres.
Leonid Zayats, Agriculture and Food Minister of Belarus
Belarus President signs decree on financial rehabilitation of agricultural enterprises Belarus has taken measures for financial rehabilitation of agricultural enterprises. The country's President has signed a decree that will simplify all the mechanisms. It will now be easier to hand loss-making enterprises over to another owner. Certain bonuses will help new owners acquire such enterprises.

04.07.2016

All checks in Belarusian stores to be switched to new currency by end of summer 2016
All checks in Belarusian stores to be switched to new currency by end of summer 2016 Extra zeros will disappear completely from checks in Belarusian stores after the redenomination in the summer of 2016, according to the Ministry of Trade. The department continues to monitor the way sellers handle the new and old notes. A hot line has been opened by the Ministry. Over the weekend, only four people called. They were mainly interested in how to draw up invoices. There were also questions about software operation in view of the introduction of the new currency.
Belarus to send humanitarian aid to flood-hit Sri Lanka
Belarus to send humanitarian aid to flood-hit Sri Lanka Belarus to provide humanitarian assistance to victims of floods and landslides in Sri Lanka, according to a decision made by the Government of Belarus.  For these purposes, Belarus allocated 200,000 dollars from the funds provided to finance the costs associated with natural disasters, accidents and catastrophes. The Ministry of Emergency Situations of Belarus will deliver the cargo.

03.07.2016

Currency revaluation in Belarus: What do Belarusians and foreigners think about new money with four zeroes cut?
Currency revaluation in Belarus: What do Belarusians and foreigners think about new money with four zeroes cut? Belarus is celebrating Independence Day this weekend. Own currency and the National Bank are just the most important attributes of an independent country. On July 1, Belarus redenominated (revaluated) its currency dropping four zeroes. Our correspondent Yana Shipko has found out how life has changed with the transition to banknotes and coins without four zeros. From midnight, July 1, Belarus has been in the new monetary dimensions.

30.06.2016

Vladimir Semashko: Industry is main contributor to Belarus' GDP
Vladimir Semashko: Industry is main contributor to Belarus' GDP Belarusian industry monthly shows higher growth rates compared to that of EEU partners, Deputy Prime Minister Vladimir Semashko said at a joint session of the House of Representatives and the Council of the Republic. It is now industry that is the main contributor to the restoration of the republic's GDP. The reforms that began in late 2015 showed their effectiveness. Also, the Deputy Prime Minister announced reduction in electricity prices. Gas prices and energy costs for Belarusian companies will still be tied to the US dollar.
Macroeconomic stabilization measures of late 2015 bearing fruit in Belarus
Macroeconomic stabilization measures of late 2015 bearing fruit in Belarus The macro-economic stabilization measures adopted in late 2015 are bearing fruit, said Vice-Premier of Belarus Vladimir Semashko on June 30. The Belarus government is reporting to the parliament today. Such dialogue of the executive and legislative power is an opportunity to improve the quality of work of the government and parliament.
Days of Minsk to be held in Belgrade
Days of Minsk to be held in Belgrade Chairman of Minsk City Executive Committee Andrei Shorets and Belgrade Mayor Siniša Mali signed an agreement on holding Days of Minsk in Belgrade. The event is scheduled to take place in 2017. A delegation from the Serbian capital is now on an official visit in Minsk. On June 29, the two mayors held talks and a forum of business circles. The forum was attended by 75 Belarusian and 25 Serbian enterprises.
Belarus' economic potential presented in Portugal
Belarus' economic potential presented in Portugal The economic potential of Belarus has been presented in Portugal. This was the first time in the history of the bilateral relations. The event was held in Porto Business School, which is part of the top 50 leading business schools in the world. It was attended by about 30 representatives of leading Portuguese companies. The businesses got familiar with the Belarusian vision of prospects of trade and economic cooperation.

29.06.2016

Can you pay by credit cards in Belarus after redenomination?
Can you pay by credit cards in Belarus after redenomination? Belarus is preparing for the currency redenomination, which will take place on July 1. The banking system and stores are still working on some technical details that may arise when switching to the new currency, which ISO code will be BYN. The previous BYR 10,000 will now equal BYN 1. The banking system is ready for the forthcoming redenomination. On July 1 at 8 am, new banknotes and coins will start to be delivered to ATMs, offices, and shops.  By July 1st, new banknotes will reach all corners of the country.
Belarus to produce apple nano pectin
Belarus to produce apple nano pectin The Minsk region plans to increase the share of innovative products by three times compared to the current output in the coming five years. An interesting project for the production of nano-products is being worked out at the Chinese-Belarusian Industrial Park. A domestic enterprise will become its resident. A high-tech product – nano-pectin (used in the food industry and able to remove radionuclides from the human body) - will be made of apples according to a unique Israeli technology, which was exclusively given to the Belarusian enterprise.
Belarus' trade unions analyze issues raised during 5th All-Belarusian National Assembly
Belarus' trade unions analyze issues raised during 5th All-Belarusian National Assembly More than 300 trade union members discussed job saving, labor laws and improvement of working conditions in Minsk June 29. The Federation of Trade Unions raised all these issues at the fifth All-Belarusian People's Assembly. Now the main task of trade unions is to bring the key points of the development strategy of the country to every Belarusian. The Federation will also work out a clear algorithm according to which the federation will be working in the next five years.
Belarus banking system ready for currency redenomination, National Bank says
Belarus banking system ready for currency redenomination, National Bank says The banking system of Belarus is ready for the forthcoming redenomination, said the National Bank June 29. All the banks of Belarus have the necessary funds to operate in conditions of the redenomination, during its first days. On 1 July at 8 am, new money will be delivered to ATMs, cash registers and retail facilities. Now the Bank is working to identify any possible abnormal situations and technical details that may arise when setting up equipment and cash registers in retail chains.
Belarus and Kazakhstan open business forum in Minsk
Belarus and Kazakhstan open business forum in Minsk Kazakhstan businesses brought exclusive offers to Minsk. The top 15 exporters of the Asian partner met with Belarusian companions during a bilateral business forum. At the negotiation table there are not only beautiful booklets, but also real products, which Kazakh companies may start producing in Belarus. Such meetings have been held on a regular basis for more than five years, and the total amount of contracts signed during this time is over $18 million.

27.06.2016

Railway station opens in free economic zone Mogilev
Railway station opens in free economic zone Mogilev A railway station has been opened in the free economic zone Mogilev for the convenience of exporters. Raw materials and products will now be delivered here by rail transport. Among the residents of the economic zone are large woodworking plants. All products from these factories are exported. Previously, only road transport was used for shipping. Transportation by the new railway line will be cheaper. Its length is 6 kilometers. It was built for budget funds, as well as the entire infrastructure.
Belarusian, Thai MPs hold talks in Minsk
Belarusian, Thai MPs hold talks in Minsk Coherent policy on the international arena and the strengthening of economic and cultural contacts were among the main topics of the talks held during the visit to Belarus of a parliamentary delegation of Thailand. This morning the Thai MPs held talks with speakers of both chambers of the Belarusian parliament. Belarus considers Thailand a promising partner in the region and is ready to co-operate across the entire spectrum of the bilateral relations.

26.06.2016

Alexander Lukashenko: Belarus-India relations need further impetus
Alexander Lukashenko: Belarus-India relations need further impetus Tashkent hosted a meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization. The President of Belarus also took part in it as an observer. This makes Belarus the only European country to have acquired such a status. The Shanghai Cooperation Organization, founded 15 years ago, groups China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. Six other countries have observer status.

23.06.2016

Minsk and Beijing to exchange students and teachers
Minsk and Beijing to exchange students and teachers Minsk and Beijing will cooperate more actively in the field of education. On June 22, in the Town Hall, the sister cities signed a memorandum. Thus, the agreement on the exchange of students and teachers was inked. The Chinese side proposed to establish direct contacts between the universities and schools of the two capitals. The delegation from Beijing will stay in Minsk for a few days. During the visit, Chinese representatives will visit many schools.
Belarus' First Deputy Finance Minister: Coins indicate the currency is really stable
Belarus' First Deputy Finance Minister: Coins indicate the currency is really stable And now we have live Maxim Ermolovich, First Deputy Minister of Finance of the Republic of Belarus. Mr Ermolovich, good morning! Will Belarus become rich in the next five years?
Belarus may optimize state apparatus
Belarus may optimize state apparatus Belarus retains the social policy course in the coming years. It should be based on an addressed basis. Marianna Shchetkina, Minister of Labor and Social Security, reported on the main priorities of this sector from the rostrum of the All-Belarusian People's Assembly. For example we 25,000 children face parental divorce each year. Another question was the optimization of the state apparatus.
President Lukashenko about Belaruskali-Uralkali row and possible reunion
President Lukashenko about Belaruskali-Uralkali row and possible reunion Heated discussion took place in the morning in the Great Hall of the Palace of the Republic during the second day of the 5th All-Belarusian People's Assembly. The atmosphere was incredibly lively. 
President Lukashenko: Scientific developments must turn into industrial products
President Lukashenko: Scientific developments must turn into industrial products The general debate was held in the Great Hall of the Palace of the Republic in the morning of June 23 as part of the second day of the 5th All-Belarusian People's Assembly. The delegates discussed the development strategy of Belarus for the next five years. The first report was made by Vladimir Gusakov, head of the National Academy of Sciences. He told the audience about a new interesting project BelBiograd and asked for the support of this project.
Belaruskali director general: "We have managed to increase product range in 2011-2015"
Belaruskali director general: "We have managed to increase product range in 2011-2015" We are pleased to welcome you in our on-site studio at the Palace of the Republic. We continue to analyze what delegates of the fifth All-Belarusian People's Assembly say.  We are going to talk with Ivan Golovatyi - director general of the largest enterprise of the country Belaruskali. Hello! How do you intend to build your strategy? Your enterprise is the biggest in terms of export. Once we said that every fourth dollar in our budget comes from your company.
BelAZ deputy general director: Belarus cannot focus on a certain segment of industry
BelAZ deputy general director: Belarus cannot focus on a certain segment of industry The CTV Channel continues to communicate with the delegates of the 5th All-Belarusian People's Assembly. Dmitry Zablotsky - Deputy Director General of the Belarusian Automobile Plant (BelAZ) - is today with us. Currently, he is responsible for product quality and quality of life of people whose interests he represents at the National Assembly.  Almost every second family in Zhodino is today connected with BelAZ in one way or another. Zhodino development and the development of other towns and cities in general is of particular interest for Mr Zablotsky.

22.06.2016

Natalia Kochanova
Natalia Kochanova: Belarus looking for staff who will work effectively in modern conditions The CTV Channel continues to communicate with guests of the V All-Belarusian People's Assembly. The President personally addressed you saying that you need to address the problem of university admission tests and school textbooks in the coming years.
Economy Minister: 2016-2020 development program will lift Belarus to new heights
Economy Minister: 2016-2020 development program will lift Belarus to new heights Very soon the second part of the All-Belarusian People's Assembly will begin. These will be the debates, those useful suggestions with which delegates came to the assembly and which Alexander Lukashenko asked to voice earlier in his today's speech. Mr Zinovsky, your sphere, economy, as a priority, of course. Do you remember those times when Belarus had to walk on thin ice and then progressively moved forward?
Alexander Lukashenko: Nuclear power plant to increase Belarus' competitiveness
Alexander Lukashenko: Nuclear power plant to increase Belarus' competitiveness The unity of the people saves peace in the country and the country itself. Belarus needs to overcome the difficulties only thanks to own labor and acting all together, said President Alexander Lukashenko at the V All-Belarusian People's Assembly, which continues in the Palace of the Republic. The brought together 2,500 delegates from across the country. At the meeting they can express their views on how to further build our own life in the next five years. Foreign guests are also taking part in the forum.
Mikhail Myasnikovich: 25-27% of Belarus' GDP should go for investments
Mikhail Myasnikovich: 25-27% of Belarus' GDP should be channelled for investments We continue to analyze what has been said in the framework of the 5th All-Belarusian People's Assembly. Do you remember that very thin ice on which Belarus had to walk last century (about which the President was talking)?
Alexander Lukashenko: Belarus' new development program aims at evolution, not revolution
Alexander Lukashenko: Belarus' new development program aims at evolution, not revolution The unity of the people saves peace in the country and the country itself. Belarus needs to overcome the difficulties only thanks to own labor and all together, said President of Belarus Alexander Lukashenko at the V All-Belarusian People's Assembly, which began at the Palace of the Republic June 22.
Dragomir Karic: I recommend Belarus as investment destination
Dragomir Karic: I recommend Belarus as investment destination The V All-Belarusian People's Assembly has begun in Minsk today. The Belarus President is speaking at the forum. Alexander Lukashenko is summarizing the prospects of socio-economic development of the country, concerns and ways to address them. The speech also focuses on foreign policy, partnerships with various countries and integration associations with emphasis on trade and economic cooperation. It is expected that the head of state will take part in the second day of the forum too.

21.06.2016

Best companies and regions honored in Minsk June 21
Belarus' GDP up 5.8% in 2011-2015 On the eve of the All-Belarusian Assembly, the best districts and companies of the country were honored at State Flag Square. They are now on the renewed National Board of Honor. The corresponding decree was signed by the Belarus President. The Minsk, Vitebsk and Grodno regions have been hailed for performance in the field of socio-economic development. The Zhitkovichi, Nesvizh and Dokšycy districts are the most thrifty.
All-Belarusian People's Assembly is a real platform for discussions, delegates say
All-Belarusian People's Assembly is a real platform for discussions, delegates say Minsk is welcoming the delegates of the fifth All-Belarusian People's Assembly. The participants of the event have met at Oktyabrskaya Square and took a traditional commemorative photo. Buses with participants from every corner of the country are coming to the Palace of the Republic literally every half hour. Also today, the delegates will visit the Museum of the Great Patriotic War. Representatives of labor collectives were able to not only meet with colleagues from across the country, but informally discuss the forthcoming great dialogue.
IMF mission to visit Belarus 21-30 June
IMF mission to visit Belarus 21-30 June On June 21, an IMF mission led by Peter Dolman starts its work in Belarus. It will last until June 30. The guests are going to get familiar with the nuances of the work of Belarusian economy, as well as to consult with representatives of the Government, the National Bank, the private sector and the scientific community.

20.06.2016

French scientists offer Belarusians to create joint satellites
French scientists offer Belarusians to create joint satellites Scientists from France offer Belarus to start work on the creation of a joint satellite, said chairman of the Presidium of the National Academy of Sciences of Belarus Vladimir Gusakov. Minsk is hosting a meeting of the Council of the Association of European Academies of Sciences. The organization is one of the most influential in the scientific community in the EU space. The best minds of Germany, Austria, Great Britain, Italy, Belgium, Finland and Switzerland have gathered in the capital of Belarus.
Ecuador's ambassador to Belarus hails possible abolition of double taxation
Ecuador's ambassador to Belarus hails possible abolition of double taxation Before the commercial break, we were talking in the studio with the new Belarusian ambassador to Belgium and the European Union. However, it is not only with Europe that Belarus is building relations with. The term "distant arc countries" is becoming more and more popular. In relation to Belarus, these are countries of Africa, Asia and Latin America, where Belarus is looking for new markets. This is not going that smoothly but still we have some advanceme

19.06.2016

Alexander Lukashenko at Spartak factory: Belarus to finally reconstruct entire health care and education in 2016-2020
Alexander Lukashenko at Spartak factory: Belarus to finally reform entire healthcare and education system in 2016-2020 Before building plans for the future and listening to people's delegates, the Belarus President made a trip to the Gomel region. In principle, this is usual practice when the President personally gets familiar with the situation in Belarus’ regions and meets with labor collectives. This time he met with Spartak factory workers. Alexander Lukashenko wanted to see whether the life of the working class is “sweet”. And before starting the “economic locomotive” for the next five years, the President opened the Gomel-Minsk route for electric traction trains.

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