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Economy & business

19.06.2016

Redenomination in Belarus not to cause higher inflation
Redenomination in Belarus not to cause higher inflation, President Lukashenko says On June 17, the Belarus President visited the Spartak confectionary. Here the head of state spoke about the prospects of development of the enterprise, as well as the innovations in confectionary industry.  Products under the brand name "Spartak" are exported to 25 countries. Chocolates, waffles, and biscuits made in Gomel have reached such distant countries as Singapore, South Africa and Australia. Spartak sees great prospects on the Chinese market too.

16.06.2016

New Belarus law blow for Uber?
Amended Belarus' transport law blow for Uber? Taxi passengers will get the right not to pay for a taxi ride if they are not given a check. Belarus' House of Representatives, which is the lower chamber of the parliament, has adopted the relevant amendments to the law "On the motor transport and road transportation" June 16. The document suggests some other changes.

15.06.2016

Minsk subway voted the best transport company in Belarus
Minsk Subway voted the best transport company in Belarus Minsk region - along with the Vitebsk and Grodno regions - is now the National Board of Honor. The corresponding decree was signed by the Belarus President. These regions have achieved the best results of socio-economic development over the previous five years (2011-2015).  Also, among the winners are the Nesvizh, Mozyr and Tolochin districts of the country. The best transport organization of Belarus is Minsk Subway. In the field of education the award went to Minsk secondary school number 73. 
Light armored vehicle by Minsk Wheel Tractor Plant showcased in Paris
MZKT light armored vehicle showcased in Paris A sample of the newest light armored vehicle of Minsk Wheel Tractor Plant (MZKT) were presented in Paris at the international exhibition of arms and military equipment Eurosatory.  Earlier during tests the vehicle showed high maneuverability and was applauded by experts. Eurosatory expo is considered one the most authoritative. Taking part in the current exhibition are about 1,500 companies from 57 countries. 
Antitrust and Trade Ministry to be operational in Belarus from September 8
Antitrust and Trade Ministry to be operational in Belarus from September 8 The Ministry of Antitrust and Trade will be operational in Belarus from September 8, said head of the Trade Ministry Vladimir Koltovich. The main task of the structure is the protection of Belarus' internal market. All its participants will have to work in equal competitive conditions. Control will be in the field of public procurement, advertising and unjustified price increases. The buyer will win in this case. In addition, the Ministry will become the only body that can carry out checks without reason.  
Minsk region posts best economic performance in Belarus in 2011-2015
Minsk region posts best economic performance in Belarus in 2011-2015 Minsk Oblast, the central region of Belarus, was the best in the country in 2011-2015 in terms of the socio-economic indicators. The President of Belarus noted the positive dynamism of the region's development hearing a report of the Minsk region governor Semyon Shapiro. Since 2011, the Minsk region has preserved the trend to be the best of all the regions of Belarus.   As the President said, what he had seen flying over a number of Minsk region's districts encouraged him.
Austria interested in investing in Belarus' financial sector
Austria interested in investing in Belarus' financial sector Austria is interested in investing in the financial sector of Belarus.   Today, representatives of business circles of that country gathered at a joint business forum in Minsk. The meeting was attended by representatives of about 20 Austrian companies. They represent such spheres as construction, energy, finance, petrochemical, and consulting. In Belarus, there are more than a hundred companies with Austrian capital. The volume of investments from that country to Belarus is about $500 million.

14.06.2016

Belarusian MPs mulling over export diversification, foreign trade efficiency
Belarusian MPs mulling over export diversification, foreign trade efficiency Diversification of the export efficiency and foreign trade were the main topics at a Government on June 14. Belarus has not yet fulfilled export performance requirements. However, it managed to increase the volumes of supply in a number of positions.  Tasks for the manufacturers remain the same: to reduce the cost of goods and search for new markets. Science should also assist the real sector.
Belgium interested in Belarusian agricultural machinery and IT
Belgium interested in Belarusian agricultural machinery and IT A Belarusian-Belgian business forum opened in Minsk June 14. Taking part in it are representatives of more than 20 companies from Belgium from the construction, food, logistics, agriculture and IT spheres. A business match-making session took place within the framework of the meeting. Belgium is one of the permanent trade partners of Belarus. It is the 7th most important trading partner of Belarus in the EU, with trade between the kingdom and the republic amounting to almost $400 million in 2016.
Belarus-Russia Forum of Regions: 39 inter-governmental deals and $300m worth of contracts
Belarus-Russia Forum of Regions: 39 inter-governmental deals and $300m worth of contracts The speaker of the upper house of Belarus' parliament reviewed the Third Forum of Regions of Belarus and Russia on June 14 at a meeting of the eleventh session of the Council of the Republic. The participants concluded 39 agreements at government level. The economic effect of the meeting is commercial contracts valued at more than $300 million.
Belarus and Belgium seeking to expand trade
Belarus and Belgium seeking to expand trade The possibilities of expanding trade and economic cooperation between Belarus and Belgium will be discussed during a business forum that opened in Minsk on June 14.  The event will bring together representatives of the most promising areas of cooperation, such as construction, food processing, agriculture and aerospace. The Belarusian market will be represented by 60 companies.

13.06.2016

Belarusian builders finish residential area in Caracas. Nearly 300 families settled
Belarusian builders finish residential area in Caracas. Nearly 300 families settled Belarusian builders have finished constructing an eight-house residential quarter in Caracas. An opening ceremony took place with the participation of Venezuela president Nicolas Maduro. In total, almost 300 Venezuelan families received keys to their own apartments. The residential area is designed to cater for people's needs.  The first floors of high-rise buildings will house kindergartens, barbershops and other infrastructure. 
Tall horses, huge bulls and best cows: BelAgro 2016 exhibition held in Minsk
Tall horses, huge bulls and best cows: BelAgro 2016 exhibition held in Minsk An amazing agricultural site gathered last week the miracles of Belarusian cattle breeding: tall horses like elks, bulls, huge like bison (I am not telling you a fairy tale) and cows with a perm. Our correspondent Yana Shipko saw all this at the exhibition BelAgro 2016.

12.06.2016

Peru Ambassador to Belarus and Russia gives interview to TV program Picture of the World
Peru Ambassador to Belarus and Russia gives interview to TV program Picture of the World Maybe the Polish name of the new president of Peru will somehow remind him about our region and Belarus, who is searching for markets in distant countries, could benefit from it. The newly elected leader of Peru will be inaugurated on July 28 and the new government will be appointed after this, Extraordinary and Plenipotentiary Ambassador of Peru to Russia and Belarus Carlos Velasco Mendiola told us.
What did Russians say about Belarus at 3rd Forum of Regions?
What did Russians say about Belarus at 3rd Forum of Regions? The long history of Belarus and Russia (in all senses) continued this week. It is known that the countries enjoy not only presidential and folk friendship. Not only the Kremlin and the Palace of Independence but also regions of Belarus and Russia are engaged in mutual trade. The 3rd Forum of Belarusian and Russian regions took place in Minsk this time. The previous one was in Sochi. The weather in Minsk was fine, which delegates from the sunny Siberian Khakassia immediately noted. What other good things about Belarus did the high-ranking guests from Russia say? Let's turn over the “
Belarus preparing for redenomination, due on July 1
Belarus preparing for redenomination, due on July 1 Peru currency is called "nuevo sol". Earlier, it was just "sol" (the sun), and then became "the new sun" - nuevo sol. Belarus will also get new money on 1 July. New notes are already being tested in banks. They are not yet in circulation but the country is actively preparing for the novelties. People, with excitement, wonder how to compare old and new prices faster, some are worried about queues in stores and psychologists give tips on how to adjust to the changes. Anastasia Benedisyuk counted pros and cons of the forthcoming redenomination.

09.06.2016

Alexander Surikov: Belarus and Russia need to pursue joint venture creation
Alexander Surikov: Belarus and Russia need to pursue joint venture creation Belarus and Russia should work together to increase the competitiveness of their economies, said Russian Ambassador to Belarus Alexander Surikov. The diplomat also stressed that to this end, the countries need to move from simple cooperation to establishment of joint ventures. This would allow strengthening the EEU space and go to the markets of third countries.     
Redenomination in Belarus: Will ATMs give new money from July 1, 2016?
Redenomination in Belarus: Will ATMs give new money from July 1, 2016? The National Bank has clarified to Belarusian banks some nuances regarding the redenomination, which is due on July 1. You will be able to change notes for coins (kopecks) at special ticket offices. Belarusian banks will open them in all regions. Also, by the date of redenomination a third of ATMs will be loaded with new money. By 1 August, you will find only new banknotes in absolutely all ATMs.
2016 Forum of Regions summary: Nearly 40 agreements worth $300 million
2016 Forum of Regions summary: Nearly 40 agreements worth $300 million The Forum of Belarusian and Russian regions ended in Minsk June 8, 2016. The third in a row, it was dedicated to humanitarian issues. Among them were the equal rights of citizens and youth policy. MORE: Belarus, Russia may resume joint movie production
Russian President visits BelAgro 2016 expo
Russian President visits BelAgro 2016 expo Alexander Lukashenko and Vladimir Putin visited June 8 the largest agricultural exhibition of 2016 BelAgro in Minsk. Here, the leaders were demonstrated the capabilities of the strongest Belarusian enterprises - namely, new models of agricultural machinery. MORE: Belarus, Russia presidents meet in Minsk June 8 CTV corresponding reporting from the site

08.06.2016

Belarus, Russia may resume joint film production
Belarus, Russia may resume joint movie production A plenary meeting of the 3rd Forum of Regions is taking place in Minsk's Palace of the Republic. The CTV crew is now there, too. The third forum is already in the final stages. The sides signed some contracts and agreements.
Days of Moscow open in Minsk
Days of Moscow open in Minsk On June 8, days of Moscow officially opened in Minsk. The ceremony took place on June 7, with the mayors of the two cities taking part. It is worth noting that Minsk is one of the strategic partners of the Russian capital. In 2016, trade turnover between the cities already exceeded $1 billion. Zhanna Birich, deputy chairwoman of the Minsk City Executive Committee:Moscow has an interest in our businesses. And we see that trade in goods has increased by 1.5 or even almost 2 times.
Belarus' gold and foreign currency reserves up by $43m in May 2016
Belarus' gold and foreign currency reserves up by $43m in May 2016 The Belarus National Bank has published the latest information on the state of international reserves. The total amount of gold and foreign currency reserves on June 1 exceeded $4.27 billion.
BelAgro 2016: Belarusian export on the rise
BelAgro 2016: Belarusian food exports set to rise? Timed specifically to the 3rd Forum of Belarusian and Russian Regions is the main exhibition of Belarus' agro-industrial potential BelAgro 2016. It opened in Minsk on 7 June. In 2016 BelAgro attracted a record number of participants - more than 500 companies from 20 countries.  In 2015, farmers in Belarus earned $4.4 billion.
Belarus-Russia Forum of Regions: Day 1 summary
3rd Belarus-Russia Forum of Regions: Day 1 summary Minsk continues to host the 3rd Forum of Belarusian and Russian Regions on June 8, which is the second day of the event.  It is expected that the presidents of Belarus and Russia will partake in the forum.

07.06.2016

Belarus, Kyrgyzstan to strengthen economic relations within CIS, EEU
Belarus, Kyrgyzstan to strengthen economic relations within CIS, EEU Kyrgyzstan's Bishkek on June 7 hosted the 25th anniversary meeting of the Heads of Government of the CIS. During the meeting, the parties discussed over 10 issues. The main focus was on the development of trade and economic cooperation, the energy and health care and food security improvement. In addition, during the meeting, Andrei Kobyakov met with the Prime Minister of the Kyrgyz Republic to talk over the issues of bilateral cooperation.
Belarus to sign contracts worth $300 million at 3rd Forum of Regions, Mikhail Myasnikovich says
Belarus, Russia to sign contracts worth $300 million, Mikhail Myasnikovich says On June 7, the 3rd Forum of Belarusian and Russian Regions opened in Minsk. Representatives of 43 Russian regions visited the Belarusian capital on this occasion. Thirteen of them are represented at the level of governors and three at the level of prime ministers.
Mikhail Myasnikovich and Valentina Matvienko visit BelAgro 2016 expo
Mikhail Myasnikovich and Valentina Matvienko visit BelAgro 2016 expo After working in sections of the 3rd Forum of Belarusian and Russian Regions, the participants visited the exhibition BelAgro 2016. It opened on June 7 on the territory of the Minsk-1 airport. More than 500 companies from 20 countries will present their works at the exhibition venue in 2016. The CTV correspondent Yevgeny Pustovoy is with us live now from Minsk-1.The exhibition was launched about an hour ago. Can we already speak about special interest in Belarusian booths on the part of Russian guests?
Forum of Belarusian and Russian regions starts in Minsk June 7
Forum of Belarusian and Russian regions starts in Minsk June 7 The third Forum of Belarusian and Russian regions have opened in Minsk. Taking part in it will be the Belarusian and Russian heads of state. It is expected that Alexander Lukashenko will speak at a plenary session on June 8. On the same day he is going to meet with Russian President Vladimir Putin. It will be held at the Palace of Independence.
Shenyang signs cooperation agreement with Belarus' Minsk
Shenyang signs cooperation agreement with Minsk The capital of Belarus and the Chinese city of Shenyang are establishing relations. June 6, the sides signed an agreement on cooperation. The business partners from China are interested in the implementation of projects in industry, commerce, education, healthcare and tourism.  In addition, Chinese businessmen are interested in gaining experience from Belarus when it comes to road construction.
Belarusian street to appear in France
Belarusian street to appear in France A Belarusian street will appear in France. A Shklov factory has already exported to the Alsace region 17 houses of its own production. The French buy wood-frame construction kits of up to 120 square meters as energy-efficient housing. The total amount of the contract is a few hundred thousand euros. In total, 34 French families will get a roof overhead under a program of social construction. The service life of the house is about 50 years.
Belarusian products to become more popular after Forum of Belarusian and Russian regions
Forum of Regions is good advertizing for Belarusian products Poultry farming, light industry and machinery are the leading industries of the Minsk region. These will be the key areas considered at the Forum of Regions of Belarus and Russia, which will be held in Minsk on June 7-8. Manufacturers rely on the effectiveness of the large-scale event and the signing of a number of mutually beneficial contracts. Minsk and the Vologda region intend to sign a cooperation agreement.  St. Petersburg, Moscow and the Moscow region know Belarusian poultry produce well.

06.06.2016

Program of 3rd Forum of Belarus and Russian regions, Minsk, June 7-8
Program of 3rd Forum of Belarus and Russian regions, Minsk, June 7-8 Minsk, 7-8 June 2016 June 7 09.00 - 10.00 The third meeting of the Inter-Parliamentary Committee on Interregional Cooperation of the Council of the Republic of the Belarusian National Assembly and the Council of Federation of the Federal Assembly of the Russian Federation 09.00 - 10.30
BelAgro 2016: Agricultural machinery exhibition to open in Minsk
BelAgro 2016: Agricultural machinery exhibition to open in Minsk Timed to the 3rd Forum of Regions of Belarus and Russia in Minsk is the international exhibition BelAgro. It presents the best agro-industrial companies. A record number of them is expected: over 500 from more than 20 countries. Manufacturers of agricultural machinery will present their novelties at the exhibition at the airport Minsk-1.
High-speed business-class train to ply between Minsk and Gomel
High-speed business-class trains now ply between Minsk and Gomel It is now easier to get from Gomel to Minsk. Belarusian Railways has launched business class electric trains in this direction. Specialists have completed the next stage of railway line electrification, and now the largest cities of the country will be connected by interregional trains. There will be two stops (in Zhlobin and Bobruisk) on the three-hour road from Minsk to Gomel. A business class trip costs about $4.
Russia and Belarus preparing for 3rd Forum of Regions
Russia and Belarus preparing for 3rd Forum of Regions Belarus and Russia will take part in the Forum of Regions on June 7-8. Some 400 politicians and businessmen have confirmed their participation. Timed specifically to the forum will be the international exhibition Belagro 2016. In 2016, it will be held at Minsk-1 airport and will bring together over 500 companies from 20 countries, first of all, of course, from Belarus and Russia.

05.06.2016

Production efficiency in Belarus' agricultural sector must be higher, Premier says
Production efficiency in Belarus' agricultural sector must be higher, Premier says The Belarus Prime Minister set a task to improve production efficiency in the agro-industrial complex during his visit to Minsk Region. One should get a larger volume of products at the lowest cost.  At the same time, Belarus' agriculture should pay attention to two areas - genetics and feed.
2nd Belarusian-Spanish business forum held in Madrid
2nd Belarusian-Spanish business forum held in Madrid The business circles of Belarus and Spain are establishing cooperation. Madrid hosted the 2nd Belarusian-Spanish business forum. In addition to domestic companies it was attended by Belarusian diplomats. Spain is represented by more than 20 companies. Among them are Spanish market leaders in the field of renewable energy, new technologies and logistics, as well as companies producing equipment for airports and road construction.
Indonesia to purchase Belarusian tractors and trucks
Indonesia to purchase Belarusian tractors and trucks Businessmen from Belarus have gone to Indonesia for a business forum. The event in Southeast Asia ended with the signing of contracts for the supply of Belarusian tractors, trucks and buses. In addition, a joint operating company for the sale of BelAZ rock haulers will be set up in Indonesia. Also, the countries are considering prospects for the creation of joint ventures on Indian Ocean islands in order to promote Belarusian products there.
Antitrust and Trade Ministry created in Belarus
Antitrust and Trade Ministry created in Belarus The Ministry of Antitrust and Trade has been created in Belarus. The corresponding decree was signed by President Alexander Lukashenko on June 3. It is known that the new structure will include the pricing policy department of the Ministry of Economy as well as similar regional structures. It was decided to strengthen the role of the Ministry of Trade as a regulator in the domestic market.

02.06.2016

Belarusian bank gets loans worth 22 million euros from European banks
Belarusian bank gets loans worth 22 million euros from European banks European partners have provided the Belarusian bank with loans. Leading banks from Germany, Switzerland, Italy, Hungary and Albania have issued loans for Belarus which total amount is more than 20 million euros. This is the first syndicated loan Belarus has attracted in eight years. The 22 million euros will go to one of Belarusian banks. The feature of this type of loan is that it is provided by several financial companies and in different proportions.
15 regions of Russia planning to sign cooperation deals with Belarus
15 regions of Russia planning to sign cooperation deals with Belarus 15 Russian regions intend to sign cooperation agreements with the Belarusian side at the 3rd Forum of Belarusian and Russian regions. It will take place in Minsk on 7 and 8 June.
Belgium enters top 15 major trading partners of Belarus
Belgium enters top 15 major trading partners of Belarus The National Statistics Committee has published new data on foreign trade of Belarus in the first quarter of 2016. There have been some changes in the list of key partners. The main trading partner of Belarus is still Russia. Almost 50% of Belarus' turnover falls on that country. Second place is occupied by Ukraine. During the Q1 2016, the countries' trade amounted to $740 million, with Belarus' posting trade surplus. Ukraine is followed by Poland - more than $500 million, and China - nearly $485 million.
Alexander Lukashenko, World Bank's Cyril Muller discuss new cooperation road map
Alexander Lukashenko, World Bank's Cyril Muller discuss new cooperation road map A road map of cooperation with the World Bank needs to be effective. Alexander Lukashenko on June 2 discussed the future projects with the World Bank Vice-President for Europe and Central Asia. To improve the quality of life is the overall goal of the Belarusian state and the World Bank, the world's largest financial structure.

01.06.2016

BelAgro 2016 to beat attendance record - over 500 companies from 23 countries
BelAgro 2016 to beat attendance record - over 500 companies from 23 countries Minsk is preparing for the international exhibition BelAgro. The event will bring together the best agribusiness companies from 20 countries. A record number of participants - more than 500 - is expected. BelAgro will be held a Minsk-1 airport, where manufacturers will present their new farm machinery. Under the dome of the Futbolnyi Manezh arena in praspiekt Pieramozcau major domestic and foreign companies will demonstrate the latest equipment for processing agricultural products. Taking part in the exhibition will be food industry companies. 
Belarusians do not refuse from expenditures on education, leisure and charity
Belarusians do not refuse from expenditures on education, leisure and charity Belarusians do not refuse from expenditures on education, leisure and charity even in difficult economic times. This is the outcome of a survey among Belarusian Internet users. Hobbies and training are the basic things Belarusians are willing to pay for. Belarusian users spent on online courses an average of BYR 568,000 during two months - twice more than a year ago.
Belarus to share with Russia pension reform experience during 3rd Forum of Regions in Minsk
Belarus to share with Russia pension reform experience during 3rd Forum of Regions in Minsk Belarus will share with Russia its experience of pension reform. The parties will discuss urgent social issues at the 3rd Forum of Regions.  Along with the development of the pension systems Belarus and Russia, who are part of the Union State, will also consider the prospects of a common labor market and discuss key areas of social support. Ensuring healthy and safe working conditions of employees will also be the center of attention at the forum. The sides intend to intensify joint work on the approximation of legislation in this matter.
Auxiliary epidemiological authority to appear in Eurasian Economic Union
Auxiliary epidemiological authority to appear in Eurasian Economic Union An auxiliary sanitary and epidemiological authority will appear in the Eurasian Economic Union. This decision was made after the Astana meeting of the Supreme Eurasian Economic Council. The new organization will provide comprehensive assistance to countries of the Union in the carrying out of coordinated policies in the field of sanitary and epidemiological surveillance, as well as coordinate the interaction of authorized bodies on these issues.

31.05.2016

Belarus raises duties on oil and oil products exported outside EEU
Belarus raises duties on oil and oil products exported outside EEU In June, Belarus will earn more from oil exports. Including thansk to increase in the total cost of raw materials. From June 1, Belarus will raise duties on oil and oil products exported outside the Eurasian Economic Union (EEU). Product petrol price will rise by almost $9 per ton, while crude oil by more than $14. Provided that the average volume of exports per month will be 135,000 tons in June, the budget will receive nearly $2 million in addition. Fuel prices at Belarusian gas stations are to remain unchanged.
Belarus displeased with lack of progress in Eurasian Economic Union
Belarus displeased with lack of progress in Eurasian Economic Union Day of big integration in the capital of Kazakhstan. The summit of the Supreme Eurasian Economic Council in Astana approved the concept of the single market of oil and oil products. This is one of the results of May 31 talks in the Kazakh capital. In total, there were 14 issues on the agenda. The presidents of Belarus, Russia, Kazakhstan, Armenia and Kyrgyzstan also spoke about deepening of Eurasian Economic Union's (EEU) relations with third countries and international associations, and paid attention to the problems of the integration community.
Automatic control of transit goods in 4 Belarusian checkpoints from June 1
Automatic control of transit goods at 4 Belarusian checkpoints to begin June 1 Belarusian customs has introduced contactless automatic release of transit goods. This means that a computer, not an official, will control trucks. The experiment began in November 2015 at the checkpoint Bruzgi-2. The contactless system reduced the queues and saved time, because about 4,500 trucks undergo customs clearance every day. 
MAZ-MAN shares now available for sale
MAZ-MAN shares now available for sale MAZ-MAN shares are now available for sale. Minsk's automobile plant offers 3,900 shares, or nearly 45% of the authorized fund of Belarusian-German company. The total cost of the package is $1,808,000. The future owner has the right for installments during six months. However, the shares will be transferred to the new owner's account only after payments are complete.
Financial Diet by Kirill Rudyi now available in English
Financial Diet by Kiryl Rudy now available in English Minsk hosted a presentation of the English version of the book by Kiryl Rudy Financial Diet. It is about reforming the system of public finances and rational spending of budget money. Separate issues of private and foreign investment can be found under the cover of the new edition. By the way, a separate version of the book in English has been created specifically for potential investment partners of Belarus.

30.05.2016

EurAsEC Anti-Crisis Fund to be renamed Eurasian Fund of Stabilization and Development
EurAsEC Anti-Crisis Fund to be renamed Eurasian Fund of Stabilization and Development The EurAsEC Anti-Crisis Fund will be renamed the Eurasian Fund of Stabilization and Development. This idea was supported 27 May by the upper chamber of the Belarus parliament. This reshuffle is not just a name change but an important functional reform. After the entry into force of the amendments part of the fund's profits will be used to the provision of grants to finance programs in the social sector, education and health care in low-income countries.
Matyushevsky: Belarus economic policy will be flexible and adaptable to external changes
Vasily Matyushevsky: Belarus' economic policy will be flexible and adaptable to external changes The economic policy of the Government of Belarus will be flexible and adaptable to external changes. All this will allow achieving economic growth in the second half of 2016, said May 27 First Deputy Prime Minister Vasily Matyushevsky at a joint session of the two chambers of the Belarusian Parliament. Emancipation of business initiative has been called one of the components of economic growth. Financial resources for business will become more affordable. 
BelAZ to supply mining equipment to Oman
BelAZ to supply mining equipment to Oman BelAZ mining equipment will be delivered to Oman. On 27 May, a delegation from that country visited the Zhodino-based company BelAZ. Specific co-operation projects were also discussed during meetings with Belarus' government. Belarus considers Oman one of the most promising trade and economic partners in the Middle East. There is a growing number of contacts between representatives of business circles of the two countries. At the same time, the sides will have to enhance cooperation, including in the investment sphere.

29.05.2016

Legends and facts about Belarus' tractor producer MTZ
Legends and facts about Belarus' tractor producer MTZ Amkodor machinery and other well-known Belarusian equipment gathers fan groups in social networks. The tractors Belarus have such fan clubs too. These days, by the way, the Belarusian tractor and tractor workers celebrate their 70th anniversary. On May 28, they even staged a tractor parade in Minsk. In principle, Belarusian tractors can take part not only in parades but also in races. Irina Zhivaeva reports about the most interesting facts in MTZ history and recent developments.
Alexander Lukashenko: Belarusian products in demand around the world. We must learn to sell them
Alexander Lukashenko: Belarusian products in demand around the world. We must learn to sell them The word "crisis" has already set our teeth on edge. But the crisis has also good consequences sometimes. It teaches us to prudently use the resources, to manage the budget in German style, not at random. The crisis will quickly teach Belarusian companies to sell machinery and other products on external markets instead of sitting idly and waiting for clients. This was the thought expressed by President Lukashenko during his Friday visit to the Pinsk plant of the engineering holding company Amkodor. Our correspondent Yuliya Beshanova visited the plant too.
Alexander Lukashenko: Belarus has everything for annual GDP growth
Alexander Lukashenko: Belarus has everything for annual GDP growth Let's start with the economic topic, which is the main one in politics and in "kitchen debates". Different economic topics are on people’s lips, for example, the introduction of new banknotes in Belarus. It will happen in a month and stores are already preparing us to the new price tags (without the four zeroes). The ruble's face value will become closer to major world currencies. But not only the ruble. 

26.05.2016

EBRD to finance repair of treatment facilities in Orsha, Polotsk and Lida
EBRD to finance repair of treatment facilities in Orsha, Polotsk and Lida The European Bank for Reconstruction and Development (EBRD) intends to finance the repair of treatment facilities in Orsha, Polotsk and Lida. The relevant documents will be signed before the end of 2016. The bank is already implementing similar projects for the renovation of water canals in Vitebsk, Slonim and Baranovichi. The main objective of such support is to ensure financial stability and improve the tariff policy of water management farms.
New rules for foreign workers introduced in Belarus
New rules for foreign workers introduced in Belarus The Belarus government has adopted new rules for foreign workers. The concept “qualified worker” has been introduced in the law on migration. Specific requirements have been listed for such specialists. For them, special work permission will be issued for two years. Other foreigners can work in Belarus under one work permission document during a period not exceeding one year.
Belarus plans at least 2.5% GDP growth by 2020
Belarus plans to restore economic growth in 2016-2020 Belarus plans to reach the economic growth that is not below the world average, which is 2.5-3.5 percent. On May 26, the President discussed with the government the main goals of Belarus' socio-economic development for the next five years. The country should restore the losses and reach a positive trend.
Belarus, France start 2nd session of joint commission for economic cooperation
Belarus, France start 2nd session of joint commission for economic cooperation The second meeting of the joint commission for economic cooperation of Belarus and France started in Paris May 26. The French capital is hosting these days the first Belarusian-French Business Week. During the meeting, the participants will discuss prospects of development of trade-economic and investment cooperation, the possibility of creating a favorable business climate, as well as cooperation in the fields of agriculture, energy, transport and tourism. 

24.05.2016

Small and medium business in Belarus to get more favorable conditions
More favorable conditions promised to small and medium business in Belarus Under what conditions will small and medium businesses operate? The Ministry of Economy of Belarus is developing a strategy designed to run until 2030. Among the experts working on the document are representatives of various ministries, departments, the business community and the office of the International Finance Corporation in Belarus. The strategy of development of small and medium-sized enterprises is to provide favorable conditions for business, officials say.
Maxim Korshekevich, head of the Main Directorate of the Office of the Council of Belarus' Trade Unions Federation
Unemployment insurance may appear in Belarus Belarusian trade unions are in favor of innovations in the country's legislation: they would like to introduce insurance for unemployment or bankruptcy of the employer.    Increased competition in the labor market requires additional guarantees for workers. Mechanisms and conditions for new types of insurance for Belarus were developed in conjunction with specialists from various ministries, the National Academy of Sciences, and the deputies of the State Control Committee. The developments will now be forwarded to the government for discussion.
Belarus-Russia Forum of Regions to bring together leading manufacturers
Belarus-Russia Forum of Regions to gather leading manufacturers Preparations for the Forum regions of Belarus and Russia, which will bring together the leading manufacturers of the two countries, are completing in Minsk. The large-scale exposition of the economic and export potential will start in early June 2016. 

23.05.2016

Riga Mayor opens Latvian store in Minsk
Riga Mayor opens Latvian store in Minsk Riga Mayor opened a store with Latvian products in Minsk. That EU country long ago decided that Belarus is one of the most promising markets. Mayor Ushakov is a frequent guest in Belarus. Recently, he has said that after the last visit to our country, Belarusian sausage he had bought at a Belarusian store did not make it to Latvia: it was eaten by the delegation on their way home. The program "Week" talked to Mr Ushakov about the taste of economic cooperation.
Pavel Latushko, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the French Republic
Belarusian-French Business Week to start in Paris May 23 The Belarusian-French Business Week starts in Paris May 23. It will be the first of its kind in the history of the partnership between the two countries.  In the framework of the meeting, there will be held numerous meetings between the representative bodies of state administration of Belarus and France responsible for cooperation in various sectors of the economy: machine-building industry, agriculture, construction, trade and others. Particular attention will be paid to business negotiations.

22.05.2016

Why is Belarusian vocational education in demand in the world?
Why is Belarusian vocational education in demand in the world? WorldSkills competition is an advertising of blue-collar occupations. The world championship, or "Labor Olympics", under the title WorldSkills Belarus 2016 was held in Minsk this week. It is no coincidence that Belarus hosted it! Our country has maintained a system of vocational training and continues to train highly skilled workers. Our correspondent Ilona Volynets found out the secrets of Belarusian vocational education.
What are the pros of Belarus' transport system?
What are the pros of Belarus' transport system? This week, the first train from distant China with construction materials for the industrial park "Great Stone" arrived in Minsk region. Another related news: a river tourist route opens between Grodno and Lithuanian Druskininkai from early summer 2016. So water transport is not forgotten either, though Belarus is a land-locked country. But the leader is motor transport: cargo transportation has occupied first place in the export of services since the beginning of 2016. And then there is also subway and horse-drawn carriages - which are still a traditional means of transport in the

20.05.2016

President Lukashenko offers Italian businesses to more actively invest in Belarus
President Lukashenko offers Italian businesses to more actively invest in Belarus The President of Belarus has begun a two-day official visit to the Italian Republic and the Vatican. The plane of the head of state landed today in Rome's airport Ciampino. Alexander Lukashenko was welcomed near the plane by officials from Rome and the Vatican, as well as by representatives of diplomatic corps. At the airport, the President of Belarus had a brief conversation with the Minister Plenipotentiary of the Diplomatic Protocol Service of the Ministry of Foreign Affairs and International Cooperation of Italy.
Talks between Belarus, Italy presidents: Business council needed for stepping up business cooperation
Talks between Belarus, Italy presidents: Business council needed for stepping up business cooperation The CTV Channel has just received details of the talks between the President of Belarus with Italian President Sergio Mattarella.

17.05.2016

Belarus sees progress in gas talks with Russia
Belarus sees progress in gas talks with Russia The Ministry of Energy of Belarus notes progress in the negotiations on gas with Russia, said on May 17 head of the ministry Vladimir Potupchik after a round of talks with his Russian counterpart Alexander Novak. Belarus counts on the revision of the formula of payment for natural gas provided by an intergovernmental agreement. The final decision is still pending. However, according to Mr Potupchik, "the Russian side begins to hear and understand us." The partners plan to hold the next negotiating round in Moscow later this month.
Export growth and new jobs: What tasks is Belarus government facing in Q1 2016?
What economic tasks is Belarus government facing in Q1 2016? Export growth, creation of new jobs and prevention of decrease in agricultural production volumes are the economic tasks the Belarus government is facing in Q1 2016. In recent years, it implemented a number of measures for macroeconomic balancing. As a result, during the first months of 2016, balance has been achieved in domestic foreign exchange market and the size of foreign exchange reserves was kept. Moreover, about 7,000 people were employed through the creation of new industries.
Eurasian Economic Commission, China plan to sign trade-economic cooperation deal
Eurasian Economic Commission, China plan to sign trade and conomic cooperation deal The Eurasian Economic Commission (ECE) and China are planning to sign an agreement on trade and economic cooperation, said ECE Minister Veronika Nikishina after the ECE Council meeting in Moscow on May 16.  The parties will talk over this issue in detail by in the near future.
Belarus plans to reduce state support to enterprises - draft Presidential decree
Belarus plans to reduce state support to enterprises - draft presidential decree Measures to ensure a balanced budget were discussed at a May 17 meeting with the Belarusian head of state. The main task is to reduce budget costs by reducing state support for enterprises. A related decree was signed in Belarus in February 2016, according to which state-run enterprises were to get recuced compensation for interest payment from the state budget. On May 17, further steps along these lines were talked over. Some specific mechanisms of action were raised. 

16.05.2016

Belarusian-French business week underway in Paris
Belarusian-French business week underway in Paris The business circles of Belarus are preparing for another large-scale meeting with foreign partners. In Paris, the Belarusian-French Business Week will be held May 23-27. It will be the first of its kind in the history of the partnership between the two countries. In the framework of the meeting, there will be held numerous meetings between the representative bodies of state administration of Belarus and France who are responsible for the development of cooperation in various sectors of the economy: industry, agriculture, construction, trade and others. 
First train from China arrives in Belarus after two-week journey
First train from China arrives in Belarus after two-week journey The first train with Chinese cargo arrived in Kolyadichi, near Minsk, on May 16 after a long route along the so-called Silk Road. More than 40 containers were on their way to Belarus from the city of Baoding for about two weeks. The new rail route is another next step in implementing the large-scale project "One belt - one way." Experts have noted its high commercial value. Delivery of goods by train takes almost three times less than by sea.

15.05.2016

Mikhail Myasnikovich about Belarusian-Indian tractor and Bollywood films - exclusive interview to the TV program Picture of the World
Mikhail Myasnikovich about Belarusian-Indian tractor and Bollywood films - exclusive interview to the TV program Picture of the World Simultaneously with the opening of the Turkmen embassy in Minsk, a Belarusian house was being opened in an Asian country. A service repair house in India. Now it will be able to fully serve 'Belarusian elephants' - BelAZ trucks that India intends to buy from us. That country is interesting, unusual and not that simple. Later we will watch the special report on India but now let's watch an interview with chairman of the upper house of the Belarus parliame
Belarusian flax worth $1 million and reason why Indian students want to study in Minsk: results of Belarus-India business forum
Belarusian flax worth $1 million and reason why Indian students want to study in Minsk: results of Belarus-India business forum Our special correspondent Olga Petrashevskaya has more details on the visit of the Belarusian parliamentary delegation to India. Let’s watch this story. If we imagine that the world economy is a road, then it can be said that India a giant racing car moving at an enormous speed. It is difficult to overtake it when it comes to the rate of growth. However, if you join its pace and try to stay close, you may succeed.

13.05.2016

Priorities of Belarus-China cooperation discussed May 13
Priorities of Belarus-China cooperation discussed May 13 The priorities of the bilateral cooperation on May 13 were discussed by the Belarusian government at a meeting with a delegation from China. It came to our country to participate in a working group meeting on the construction of the Chinese-Belarusian Industrial Park Great Stone. This project has already been called the pearl of the economic belt of the Silk Road. Now it's time to review the implementation of that project. Belarus regards China as a strategic partner in trade, economic, credit and investment, scientific-technical and other areas.
Belarus-India business forum: Visas, flight links and 13 cooperation agreements
Belarus-India business forum: Visas, flight links and 13 cooperation agreements The Belarusian-Indian business forum in Delhi brought together several dozen Belarusian companies on May 12. Taking part in it was the Belarusian parliamentary delegation headed by speaker of the upper house of the parliament, who is visiting Delhi these days. The forum brought together chiefs of both state-owned enterprises and representatives of private business. The sides signed 13 cooperation agreements in New Delhi. The largest Belarusian enterprises MAZ, MTZ, BelAZ, Mogilevkhimvolokno and Orsha Linen Mill signed contracts with Indian companies.
BelAZ service center to open in India May 13
BelAZ service center to open in India May 13 The Belarusian automobile giant is expanding the boundaries. BelAZ service center is going to open in the Indian city of Nagpur May 13.  This event was preceded by the signing of a tripartite agreement between the Belarusian manufacturer and Indian companies on the long-term maintenance of equipment and BelAZ supply guarantees. Taking part in the opening ceremony will be speaker of the upper chamber of the Belarusian parliament Mikhail Myasnikovich, who is on a visit to India. 
From trade to space programs: Belarus, Russia discuss cooperation on May 12
Belarus, Russia discuss trade, joint space program May 12 The construction of the Belarusian nuclear power station, transport safety and the creation of a common information space. Joint Belarus-Russia programs were discussed in Mogilev on May 12. The city hosted a meeting of the Council of Ministers of the Belarus-Russia Union State. Taking part in it were the heads of government of the two countries. The sides discussed the nearly 30 questions. The main group of questions concerned trade and economic cooperation.

12.05.2016

Belarus to organize trolleybus traffic in Indian cities: "We know how to do this job"
Belarus to organize trolleybus traffic in Indian cities: 'We know how to do this job' A Belarusian-Indian business forum, which brought together several dozen domestic companies, started in New Delhi May 12. Taking part in it is Belarus' parliamentary delegation headed by speaker of the upper house of the parliament. The forum brought together leaders of both state-owned enterprises and representatives of private business. It is known that today the business community has added some specific projects to preliminary agreements.
Free trade may be established between India and Eurasian Economic Union
Free trade may be established between India and Eurasian Economic Union One of the largest economies in the world is ready to establish close contacts with Belarus. Belarusian parliamentarians, headed by the Chairman of the upper chamber of the parliament, are visiting India. On May 11 Mikhail Myasnikovich met in Delhi with Indian President Pranab Mukherjee. The speaker of the upper chamber of the Belarusian parliament voiced the initiative to establish free trade regime between the Eurasian Economic Union and India. 
India interested in supplies of Belarusian flax
India interested in supplies of Belarusian flax The first meeting of the working group on textiles has been held within the framework of the visit of the parliamentary delegation of India. The sides discussed an increase in export and identified new areas of cooperation, particularly in the fashion industry. India is interested in supplies of Belarusian flax. Given the hot climate of that South Asian country, Belarus' natural fabrics are in demand there.

09.05.2016

Bread from field to furnace: Which is given to the President?
Breadbaking and selection in Belarus: From field to furnace What dough is used to bake a Belarusian loaf, which is known far outside the country? What bread is served at the presidential table? The International Bread Forum was held in Belarus. Let’s watch the report of our correspondent Anastasia Benedisyuk about bread baking industry in Belarus.

08.05.2016

Belarus-India cooperation: from trolleybuses to information technologies
Belarus-India cooperation prospects: from trolleybuses to IT The Minsk Motor Plant has been producing engines for half a century. MAZ, BelAZ and MTZ are over 70 years old each. But the trolleybus is the product of modern Belarus. It is in demand in Russia and other former Soviet countries. Now Belarusian producers are going to tempt... India. One of the largest economies in the world, with the second largest population on earth, it has not yet "mastered" trolleybuses! Why not offer them these products?
President Lukashenko visits Minsk Motor Plant
President Lukashenko visits Minsk Motor Plant, states need to breathe new life in entire industry When everything is all right, people tend not to think about the future. From the rostrum of the All-Belarusian People's Congress, the authorities are going to declare state guidelines. There is no doubt that export will remain the major challenge for the Belarusian economy. Also out of doubt is the fact that the "assembly shop" under the name Belarus will continue to produce vehicles. This was confirmed by President Lukashenko who visited Minsk Motor Plant on Friday. Yevgen

06.05.2016

Alexander Lukashenko to visit Minsk Motor Plant
Alexander Lukashenko to visit Minsk Motor Plant Belarus President Alexander Lukashenko is going to visit Minsk Motor Plant on 6 May, 2016. It’s the leading manufacturer of diesel engines in the CIS. Alexander Lukashenko will be informed about the state and prospects for further development of the industrial holding plant. Tasks set by Belarus President concerning domestically produced engines, structural assembly of different types of engines and product differentiation are to be discussed as well.
National Bank of Belarus
Downward interest rate trend in Belarus to remain Downward interest rate trend on credit in Belarus is to remain. The National Bank of the Republic of Belarus believes in the further reduction of the interest rates, with the latter having changed on 1 May, 2016 to 22% per annum now.

05.05.2016

Best export enterprises in Belarus named
Belarus names the best exporters Belarus has chosen the best exporters. This year's honorary prizes were given to representatives of more than 40 leading companies of the republic. The geography and volume of deliveries of each producer were considered when determining the winner. For example, the exporter of the year in metallurgical engineering industry paved the trade routes to 56 countries, while an IT development leader delivered nearly 100 percent of the intellectual goods. By the way, the majority of laureates' sales abroad exceeded $25 million.
Production plant in Belarus
Minsk authorities, businessmen in dialogue to improve business conditions New production plants and development of logistics centers give Minsk residents advanced possibilities. All in all it concerns economic growth. And new workplaces in particular. Like nobody else, Natalya Rubleva has deep knowledge of heating systems. Every third family in Minsk has her heating boilers installed. Her husband and two sons are in the business as well and working 24 hours together makes their personal and professional relations even stronger.
Belarus' ATMs to be "reloaded" after July 1 redenomination
Belarus' ATMs to be out of function on July 1 redenomination day The National Bank said that ATMs in Belarus will be out of function on July 1 because of the re-denomination. It was announced that software update will be underway the whole day. Also, banks have received a recommendation to use banknotes worth 5, 10, 20, 50 and 100 rubles to load ATMs. The largest one - worth 500 rubles - will be available in banks only upon request. More on redenomination in Belarus
Bread Forum in Zhodino gathers over 100 domestic and foreign experts
Bread Forum in Zhodino gathers over 100 domestic and foreign experts The first bread forum in Belarus started on May 4. The town of Zhodino gathered more than a hundred domestic and foreign experts in the field of plant breeding, seed production and grain processing. They will share best practices. Belarusian bakers advantage is their ability to create something new while preserving long-standing traditions. Each year, Belarus produces more than 500,000 tons of bakery products of about 200 varieties. For taste, flax seeds, sesame seeds, prunes and walnuts are added to some of them.

04.05.2016

Italian delegation visiting Gomel: Science cooperation in spotlight
Italian delegation visiting Gomel: Scientific cooperation in spotlight From charitable assistance to equal partner relationships in the economic and scientific spheres. An Italian delegation is visiting Gomel. The visit is timed to the 30th anniversary of the Chernobyl accident. Guests are from the Italian region of Emilia-Romagna. The Gomel oblast has been connected with that Italian region thanks to tight humanitarian relations.
Belarus ready to deliver more vehicles to Iran
Belarus ready to deliver more vehicles to Iran Belarus is ready to increase deliveries of heavy equipment to Iran. A number of projects were discussed by the Belarusian government on May 4. As it is known, Belarus and Iran are implementing a cooperation roadmap. It provides for closer collaboration between some enterprises. One of the examples is the assembly production of MAZ trucks and buses in Tabriz. The Belarusian head of government and the minister of industry, mines and trade of Iran agreed on the further support in line with this project.
Investments and logistics: Belarus, UAE ready to implement joint projects
Investments and logistics: Belarus, UAE ready to implement joint projects Belarus and the United Arab Emirates are ready to develop cooperation in the sphere of investment and transport logistics. The Belarus President said this on May 4 meeting with a chairman of the board of directors of one of the world's largest logistics companies. This corporation controls 77 terminals in 40 countries.
Head of Chinese-Belarusian Industrial Park Andrei Gal dismissed
Head of Chinese-Belarusian Industrial Park Andrei Gal dismissed Andrei Gal has been dismissed as head of the Chinese-Belarusian Industrial Park Great Stone "for a single gross violation of labor duties". The corresponding presidential decree was published today on the National Legal Internet Portal. Another personnel decision involves the dismissal of chief of staff and first deputy commander of the Western Operational Command of Belarus' Armed Forces Oleg Melnikov.

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