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Economy & business

16.03.2017

Trade, IT sector and agriculture: Belarusian parliamentarians meet with Kazakh counterparts
Trade, IT sector and agriculture: Belarusian parliamentarians meet with Kazakh counterparts Parliamentarians of Belarus and Kazakhstan intend to actively restore goods turnover between the two countries. On March 16, the Belarusian parliamentarians met with Kazakh colleagues in the House of Representatives. Thus the two sides agreed to step up work on exchange of experience in the legislative sphere. In particular, the guests are interested in Belarusian developments in the agro-industrial complex and IT sector. However, the main topic of the conversation was trade and economic relations.
Kazakhstani MPs to discuss new projects with Belarus in Minsk
Kazakhstani MPs to discuss new projects with Belarus in Minsk The creation of joint Belarusian-Kazakh industries and new projects in economy will be discussed during the visit of a parliamentary delegation of Kazakhstan to Belarus. The guests have already arrived at Minsk national airport. The representatives of that Asian country are going to have a busy visit program. First of all they will with Belarusian government officials and counterparts from the parliament of Belarus. 

15.03.2017

European Bank for Reconstruction and Development to strengthen its financial presence in Belarus
European Bank for Reconstruction and Development to strengthen its financial presence in Belarus The European Bank for Reconstruction and Development is to strengthen its financial presence in Belarus. This is one of the major investors which has activated cooperation with Belarus in the last couple of years. As many as 200 million euros are invested annually. The Bank finances major projects in the sphere of housing and utility services. One of the brightest examples of cooperation is the organization Stadler production, Fast Light Innovative Regional Trains.
OECD helping Belarus improve business climate
OECD helping Belarus improve business climate Improving the business climate and the competitiveness of private enterprises. An expert review project to support small and medium-sized businesses was presented on March 15 in Minsk. The reforms aiming to make life easier for entrepreneurs are included in the roadmap. The recommendations developed by the Organization for Economic Cooperation and Development are divided into nine blocks.
Refinancing rate in Belarus is now at 15%
Refinancing rate in Belarus down to 15% The refinancing rate is again reduced in Belarus. From March 15, it becomes 15%. This is the third decline in the interest rate since January 2017. Thus, the National Bank notes the stability of the foreign exchange market of Belarus.  It is expected that loans will become cheaper in the future. Furthermore, deposits denominated in Belarusian rubles may become more attractive. It should be noted that last time the exchange was at 15% back in 2005.

14.03.2017

Belarus government report on 2016 results to be presented
Belarus government report on 2016 results to be presented The tendencies of Belarusian Economy will be the main subject of the upcoming government’s report. A serious dialogue is planned for the next two weeks, and the preparation for the dialogue was discussed at Belarus President’s meeting on March 14, 2017.
Deputy of Belarusian National Assembly about Decree No3 On Preventing Freeloading Practices
Belarusian MP: We are not yet ready for market economy Deputy of the House of Representatives of the Belarusian National Assembly Valery Borodenya answered the questions about Decree No3 On Preventing Freeloading Practices. This legal act aims to engage able-bodied persons in labor and to ensure that they take part in the financing of public spending. Valery, you took part in several panels where the cases of some people affected by the Decree were examined. In which situations can this legal act be executed? And why isn’t this document working properly?
Belarus may export MAZ buses to Israel
Belarus may export MAZ buses to Israel Belarus hopes to increase investment and trade with Israel. This matter was discussed in Minsk at a meeting of the joint trade and economic cooperation committee. Last year, Belarus-Israel trade amounted to $93 million and this is not the limit. Belarus sells to Israel building materials, metal casting products and food. Israel exports to Belarus drugs, herbicides and technological equipment. Special attention is paid to co-promotion of manufactured goods to the markets of third countries.
Prokopenya: Belarus will be among the first countries to support unmanned vehicles
Prokopenya: Belarus will be among the first countries to support unmanned vehicles The IT sector in Belarus will receive further support from the state under the condition of honest and transparent business, said President Alexander Lukashenko while visiting companies successfully working in the field of high technologies in Minsk. The head of state was presented a project of the so-called augmented reality. It is a unique application that allows you to recognize human emotions and accompany them with graphics.

13.03.2017

Belarus to continue to support IT sector, President says
Belarus to continue to support IT sector, President says Belarus will continue to support the IT sector but the companies involved conduct fair and transparent business, said Belarus President on March 13 visiting companies in Minsk that are working in the field of high technologies. One of them is engaged in a unique project in the field of augmented reality and artificial intelligence. This is a mobile application that allows users all over the world to communicate with the use of visual effects.

12.03.2017

Alexander Zapesotsky: Belarus is hated for its strong economic development model
Alexander Zapesotsky: Belarus is hated for its strong economic development model Once again attention is being paid to the meeting which was held by Belarus President Alexander Lukashenko, who openly assessed the present relations of Belarus and Russia. Problems do exist, it's not a secret. The background is evident. Belarus has its own model of development and independent policy. It is one of the reasons of misunderstandings. Many authoritative figures recognize the originality and success of the Belarusian development model.
From Decree No3 to Belarus - Russia relations: discussions held over President Lukashenko's meeting
From Decree No3 to Belarus - Russia relations: discussions held over President Lukashenko's meeting The subjects which were brought up by Belarus President Alexander Lukashenko are being actively discussed in families, in mass media and in the expert community. Citizens:People must work and earn money. But everything, I mean tax letters, was done to quickly. The Decree needs to be looked into more thoroughly. A special approach should be taken towards the situation. Belarus is not Russia.

11.03.2017

Institute of Financial Ombudsman to be created in Belarus?
Institute of Financial Ombudsman to be created in Belarus? An Institute of Financial Ombudsman is planned to be created in Belarus. In other words, a new institution which will protect consumer rights in financial services. The National Bank of the Republic of Belarus will present the draft of the document in 2017. This institution operates successfully in more than 50 countries. In relation to the legal process, this institution’s main advantage is its gratuitousness of adjudications and its efficiency.

10.03.2017

Belarus ready to cooperate with Uralkali if its interests taken into account
Belarus ready to cooperate with Uralkali if its interests taken into account Belarus is ready to cooperate with Uralkali, but if its interests are met, said the head of state March 9 discussing the activities of the Belarusian Potash Company. The Russian side has repeatedly requested to re-start cooperation on the production and sale of fertilizers. Therefore, the management of Belarusian companies was instructed to study the options for collaboration. But, as Alexander Lukashenko remarked, in this case, it all should be fair and objective and only mutually beneficial compromises are necessary.

09.03.2017

New runway at National Airport Minsk estimated at $225 million
New runway at National Airport Minsk estimated at $225 million The new runway at Minsk National Airport will be built through a loan of the Development Bank of the Republic of Belarus.  The price is estimated at $225 million. This amount was defined by an order of the Belarus President. The project will be implemented by 2019.  By this time, the operating life of the existing runway of Minsk-2 airport will end.
Gas prices should not be basis of Belarusian-Russian relations, Alexander Lukashenko says
Gas prices should not be basis of Belarusian-Russian relations, Alexander Lukashenko says National interests and protection of Belarus' domestic market are the main landmarks and the latest global trends, which are replacing global integration. This is shown primarily by Western countries: the United States and the EU. Belarus should take into account the new conditions in geopolitics. On March 9, the President discussed the topical issues of further development of the country, including cooperation with Russia, Belarus' main partner in integration associations. Alexander Lukashenko answered all the questions that concern the society.
Belarus simplifies sanitary standards for eateries
Belarus simplifies sanitary standards for eateries Sanitary standards for food service facilities in Belarus have been simplified. The main changes relate to cooking rules. In particular, the previous edition of the rules stated that the cutting of meat, poultry and meat processing was permitted only in separated premises. In the new document, this restriction has been lifted in respect of poultry meat. Requirements regarding kitchen utensils and appliances have also been simplified: now you can use any material permitted for use in contact with foodstuffs. 
Belarusian organic products may appear in stores
Belarusian organic products may appear in stores Domestic organic products appear on store shelves in Belarus. A bill on their production will be considered by the Belarusian parliament this autumn. To get organic vegetables, meat and dairy products it is necessary to comply with some requirements.  The main requirement is absence of any synthetic or chemical substances, including fertilizers, crop protectors and food additives.

08.03.2017

Belarus to reduce refinancing rate to 15% from March 15
Belarus to reduce refinancing rate to 15% from March 15 The chief financial regulator of Belarus, the National Bank, is reducing the refinancing rate further to 15%.  The decision shall enter into force on 15 March 2017. This is the third decline in the interest rate since January 1, 2017. At the beginning of 2017, the refinancing rate was 18%.  Slow inflation, as well as the stability of the foreign currency and deposit markets has allowed the regulator to lower the rate this year by three points.

07.03.2017

EEU Intergovernmental Council agrees on EAEU-Iran Free Trade Area
EEU Intergovernmental Council agrees on EAEU-Iran Free Trade Area Participants of the EEU Intergovernmental Council meeting gave a start for the creation of a trade free area between the EAEU countries and Iran. The Eurasian Intergovernmental Council meeting took place on March 7, 2017 in Bishkek, Kyrgyzstan. The presidents of the EAEU countries approved of the beginning of negotiations on creating a trade free area with Iran, Egypt, Singapore, and India in December, 2016.
Belarus' gold reserve exceeds $5bn
Belarus' gold reserve exceeds $5bn Belarus’ gold reserve exceeded five billion dollars for the first time in the last couple of years. A sustainable growth has been going on for 13 months already. The gold reserves are planned to be increased by no less than 500 million dollars in 2017. Nearly a fifth of this amount was gained in a period of a little over two months. The increment of growth summed up to more than 90 million dollars since the beginning of 2017.

06.03.2017

Belarus sets up jewelry production
Belarus sets up jewelry production It’s high time to choose stones. The production of diamonds for the jewelry industry has been set in Belarus. The grown diamonds have been presented to the public. It will be the first time when synthesized precious stones are available at Belarusian jewelry market. Belarusian celebrities were the first ones to appreciate the glitter of the jewels.
Belarusian Currency and Stock Exchange extends session for 1 hour
Belarusian Currency and Stock Exchange extends session for 1 hour The Belarusian Currency and Stock Exchange extends session for 1 hour.  Now you will be able to know the exact exchange rates in Belarus after 14.00. On March 6, the mechanism of settlements changes essentially.  This will improve the efficiency of transactions and, as a consequence, stimulate the further development of the exchange market in Belarus.

04.03.2017

Belarus business ladies to get more possibilities for business development
Belarus business ladies to get more possibilities for business development Business ladies will get more possibilities to develop their business in Belarus. The third Belarusian bank has already joined the Women in Business programme , conducted by the European Bank. The total amount of allocated credit funds for Belarus in this programme is ten million dollars. The money will go towards financing small and medium businesses directed by women. Within the framework of the initiative, apart from financial support, business ladies can count on consultations of business experts.

03.03.2017

Business Assistance Program discussed at Antitrust and Ttrade Ministry of Belarus
Business Assistance Program discussed at Antitrust and Ttrade Ministry of Belarus Motivate entrepreneurial initiative and make working conditions in the market more transparent and simple - these are the main points of the Business Assistance Program that was discussed on March 3 at the ministry of antitrust and trade of Belarus. Among the major challenges in this area is attraction of new players who would create new jobs. Another issue is to create conditions for fair competition.
Giorgi Margvelashvili ends visit to Belarus with package of agreements
Giorgi Margvelashvili ends visit to Belarus with package of agreements The official visit to Belarus of the President of Georgia, Giorgi Margvelashvili, has concluded. During two days in Belarus, the Georgian president had talks at the highest level, meetings with MPs and government officials, as well as talked with students and got familiar with Belarus' historical sights.
Belarus' economy minister: Any inspection should anticipate violations
Economy minister: Inspections in Belarus should not stiff companies Minsk hosted the Assembly of Business Circles on March 1. The forum was one of the central events of Belarusian Entrepreneurship Week. Representatives of business and government met at one site. Now one of the main tasks is to give more freedom to private initiative. Work is already under way: for example, trade inspection has been banned from inspections, sanitary rules have been significantly simplified and small businesses will no longer by checked by the Emergency Situations Ministry.

02.03.2017

Belarus to publish list of investment projects?
Belarus may publish open list of available investment projects Belarus may get an open and public list of investment projects. This initiative was offered at the assembly of business circles. It is planned that the database will contain a complete list of all projects in Belarus, which may be of interest to foreign businessmen. This will not only help to attract foreign capital to our country, but also improve the investment climate in Belarus. In addition, there is already some interest in Belarus on the part of business circles from different countries.
Belarus inviting Georgian businesses
Belarus inviting Georgian businesses Belarusian and Georgian delegations discussed the future projects on 2 March. One of the main tasks is to increase trade turnover. And it is quite doable, says Belarusian Prime Minister. Last year, the Belarusian Embassy in Tbilisi was opened, and today there are all prerequisites to reach significant amounts in mutual trade. Such meetings should help in overcoming various issues.
National Business Platform proposes model of Belarusian privatization
National Business Platform proposes model of Belarusian privatization The National Business Platform has been presented in Minsk on 1 March. The project is a set of proposals to improve the business climate in Belarus. The program consists of more than 80 ideas. In particular, businessmen support the provision of state support only on a competitive basis and reduce the tax burden.
Belarus is an interesting investment destination, German MPs say
Belarus is an interesting investment destination, German MPs say Belarusian National Assembly and the German Bundestag will step up work to normalize relations. On March 1, German MPs met with members of Belarus' upper chamber - the Council of the Republic. The sides believe that the inter-parliamentary dialogue will not only contribute to the strengthening of political dialogue, but also add dynamism to economic cooperation.
Presidents of Belarus and Georgia meet at Palace of Independence on March 2
Presidents of Belarus and Georgia meet at Palace of Independence on March 2 New areas of cooperation were discussed again on March 2 at the Palace of Independence by President Alexander Lukashenko and the Georgian leader. The official visit of Giorgi Margvelashvili to Minsk continues. Yesterday on March 1, the heads of state spoke in a one-on-one format for more than three hours, after which the talks were held in an expanded format. Today, the leaders continued their dialogue. Both presidents expressed their interest in deepening relations between Belarus and Georgia.
Belarus plans tight cooperation with 'brotherly and friendly' Georgia, President Lukashenko says
Belarus plans tight cooperation with 'brotherly and friendly' Georgia, President Lukashenko says Belarus is ready to provide Georgia with favorable conditions for business and offers new joint projects. The country's president Giorgi Margvelashvili is now in Belarus on official visit. On March 1, he was greeted at the Palace of Independence by President Alexander Lukashenko. The Heads of State met in 2015 in Tbilisi during Alexander Lukashenko's official visit. Many of the agreements that were achieved have been already fulfilled.

01.03.2017

2017 Belarus National Business Platform Project to be presented
2017 Belarus National Business Platform Project to be presented  A dialogue between business and authorities. The Assembly of Business Circles begins work. The pressing issues of Belarusian Business are to be discussed on 1 March, 2017 by entrepreneurs from all regions of Belarus and by representatives of government services. A national business platform, a code of more than 80 suggestions for the improvement of the business climate in Belarus, will be presented at the forum.
Georgia understands and supports Belarus, Giorgi Margvelashvili says
Georgia understands and supports Belarus, Giorgi Margvelashvili says Belarus is ready to provide Georgia with favorable conditions for business and offers new joint projects. The country's president Giorgi Margvelashvili is now in Belarus on official visit. On March 1, he was greeted at the Palace of Independence by President Alexander Lukashenko. The Heads of State met in 2015 in Tbilisi during Alexander Lukashenko's official visit. Many of the agreements achieved back then have been fulfilled.
Belarus President notes breakthrough in relations with Georgia
Belarus President notes breakthrough in relations with Georgia Belarus is ready to provide Georgia with favorable conditions for business and offers new joint projects. The country's president Giorgi Margvelashvili is now in Belarus on official visit. On March 1, he was greeted at the Palace of Independence by President Alexander Lukashenko. The Heads of State met in 2015 in Tbilisi during Alexander Lukashenko's official visit. Many of the agreements achieved back then have been fulfilled.
Simplifying measures for Belarusian Business
Simplifying measures for Belarusian Business Business liberalization. Trade inspectors are entering monitored mode, a moratorium on trade inspections came into force on 27 February, 2017. Meanwhile, the Entrepreneurship Week continues in Belarus. On 27 February, 2017 a seminar “Entrepreneurs about entrepreneurship” was held all over Belarus. All in all, it’s a course of lectures, when directors of private organizations share their experience in conducting a successful business.

28.02.2017

Belarus ready to deliver e-buses to Sverdlovsk region
Belarus ready to deliver e-buses to Sverdlovsk region Belarus is ready to supply electric buses to the Sverdlovsk region of Russia. The topic was discussed at the Belarusian government during a meeting with a delegation from that Russian region. Now the turnover is almost $300 million, but this figure should grow. This could be done including through the supplies of Belarusian agricultural machinery. The Sverdlovsk region is interested purchasing production and processing equipment as well as grain drying fodder.
Belarus' Tax Ministry proposes tax control cuts for businesses
Belarus' Tax Ministry proposes tax control cuts for businesses Tax checks will be held only once in five years - such a rule is contained in the draft Decree submitted for public discussion by the Ministry of Taxes and Duties of Belarus. Until the end of this week, Belarusians can express their views on the document.
Belarus simplifying rules for starting new business
Belarus simplifying rules for starting new business It will now be easier to open your own business in Belarus as well as to give it up. The Belarus President signed a decree which changes the order of state registration and liquidation of economic entities.  The document will come into force in six months and will reduce the number of administrative procedures. It will now be possible to register the business and at the same time open a bank account. 
Marianna Shchetkina about men in Belarus, gender equality and protection of economy
Marianna Shchetkina about men in Belarus, gender equality and protection of economy The Day of Defender has passed and we are now in anticipation of ladies' celebration, on 8 March is approaching, so we will continue the conversation on peace topics with a remarkable woman with high powers, the vice-speaker of the upper chamber of the Belarusian parliament and chairwoman of the public association Belarusian Union of Women Marianna Shchetkina. Marianna Akindinovna, hello. Marianna Shchetkina, deputy chairwoman of the Council of the Republic National Assembly of Belarus: Hello.

27.02.2017

Belarus to reduce number of tax checks?
Belarus to reduce number of tax checks? Tax checks will be conducted only once in five years. This is the new feature of a draft decree, which has been submitted for public discussion by the Ministry of Taxes and Duties of Belarus.  Until the end of the working week, the ministry will accept opinions of both legal entities and individuals who deal with tax issues. The document is intended to make the process of doing business more transparent.  It is expected to reduce the administrative burden on enterprises and improve the investment climate.
Belarus stimulating business activity
Belarus invigorating business activity Business Entrepreneurship Week has opened in Belarus. It is the second such "marathon" in support of business. It should be noted that conditions for doing business in Belarus are changing rapidly for the better. The latest initiative is to reduce the number of all kinds of checks. The Belarus President instructed the authorities to do so during the "big conversation" with the public and journalists. Let's watch the story on this topic.
Belarus creates weapon to fight with unmanned reconnaissance drones
Belarus creates weapon to fight with unmanned reconnaissance drones Belarus has created a rifle to fight the unmanned reconnaissance drones. The basis of the "killer of drones" is... the airsoft rifle.  The device weighing about 10 kilograms is equipped with an optical sight and a battery designed for 1 hour of continuous operation. Groza R was presented at the largest international defense exhibition IDEX in Abu Dhabi, where other Belarusian developments were also presented. 

26.02.2017

Belarusian authority and business find common touch points
Belarusian authority and business find common touch points A step forward. Belarusian authorities and business communities have been actively discussing the ways of business initiative liberation. Minimum control and responsible partnership. These ideas will propel Belarusian private companies to a new level of development. In turn, Belarusian authorities expect conscientious taxpaying and fair competition from businessmen.
“Byelovezhskiye Syry” awarded prestigious prizes
“Byelovezhskiye Syry” awarded prestigious prizes A triumph of Belarusian brand. As part of the competition “Prodexpo-2017”, the largest 24th exhibition of food in Russia, the Open Joint Stock Company “Byelovezhskiye Syry” won prestigious awards. Regardless of the high competition, natural and green-labelled products let the company win in the competition of “Best Product-2017”. Apart from this, the producer won a gold medal for cheeses “Belaja Feta”, children’s cheeses “Chizogryzik” and “Goldencheese”, and bronze medals for different varieties of “Belovezhskij trufel”.

25.02.2017

Belarus Premier: The “per square metre price” of accommodations to come up with average salary
Belarus Premier: The “per square metre price” of accommodations to come up with average salary The “per square metre price” of accommodations should come up with the average salary of a Belarusian during the next three years. This was said by Belarus Prime Minister Andrei Kobyakov on February 24, 2017.
Belarus' preparations for Gulfood-2017
Belarus' preparations for Gulfood-2017 Belarus continues preparations for the international exposition of food industry Gulfood-2017, which is to be held in Dubai. It is the largest specialized forum in the Persian Gulf region, which attracts food and drink manufacturers, suppliers and restaurateurs from all over the world. Countries of this region buy more than 90 % of their food supplies from abroad, and it is a good possibility for Belarusian manufacturers to introduce their products to Middle East buyers, to make contracts and to adjust the supply situation.

24.02.2017

Belarus plans to attract over $700m of Chinese investment annually
Belarus plans to attract over $700m of Chinese investment annually Belarus intends to annually attract more than $ 700 million in direct Chinese investment. This ambitious goal is realistic: now about hundreds of projects in various areas are in the pipeline between the business circles of the two countries. Belarus has established close cooperation with 15 Chinese provinces.
Does Belarus need wealth tax?
Does Belarus need wealth tax? Do you remember the hat trick, where you could get a rabbit, flowers and, speaking more bureaucratic, other social benefits? This trick can’t be applied to the state taxation system. To get something out of the budget hat you need to put this something in this hat. By the way, the English came up with a fair tax on hats, which was paid for every purchase. Consequently, the poor paid less, and the rich more. We asked professor Mikhail Kovalev about this problem. Do you wear hats, Mr. Kovalev?
Tax cuts for Belarusian businesses planned
Tax cuts for Belarusian businesses planned What should be a catalyst for economic growth in Belarus and how to manage the state and the role of modern business? These and other issues will be discussed by authorities and businessmen from across the country. The Belarusian Business Week kicks off in Minsk February 24. The program includes more than a hundred round tables, presentations, workshops and exchange of lessons from the leading economists of Belarus. The forums will discuss the pressing problems of entrepreneurship in Belarus,
Belarus to exchange with Pakistan genetic samples of fruit and berry crops
Belarus to exchange with Pakistan genetic samples of fruit and berry crops Belarus is ready to supply to Pakistan agricultural machinery. Also, Belarusian scientists are planning to develop innovative types of equipment specifically for the climate of that Asian country. On February 23, cooperation between the two states was discussed at the Academy of Sciences of Belarus. Belarusian researchers offer the colleagues from Pakistan 9 projects. They are planned to be implemented until 2020.
Belarus starts second National Entrepreneurship Week
Belarus starts second National Entrepreneurship Week The Second National Entrepreneurship Week starts in Belarus. The program of the large-scale business conversation includes over a hundred events. The round-tables will bring together officials and private businessmen. The main task is to make a more comfortable business climate in the country and liberate business initiatives.

23.02.2017

Trial batch of Belarusian trucks arrives in Sudan
Trial batch of Belarusian trucks arrives in Sudan The first batch of vehicles of Minsk Automobile Plant (MAZ) from Belarus has arrived in Sudan. 10 trucks is only a trial batch for customers in the African market. The contract was signed during the Belarusian-Sudanese Business Forum, which was held in mid-January during the official visit of the President of Belarus. In Khartoum, President Alexander Lukashenko held talks with the leader of that country. Arrangements were made for the development of cooperation between the two countries in various fields.

22.02.2017

Unique Belarusian agricultural equipment
Unique Belarusian agricultural equipment New and unique agricultural equipment has been presented in Shuchin district, Belarus. This equipment was designed in Belarus and has no parallel among former Soviet countries. The equipment will be tried out during the first month of the 2017 planting season. Farms and agroservices are actively preparing for the beginning of field works. Grodno region
Belarus decreases checks of businesses in search for economic growth
Belarus decreases checks of businesses in search for economic growth Good news for Belarusian businesses. There will now be fewer checks of businesses and business administration principles will be simplified. Last week the Belarus President instructed the supervisory authorities to reduce the number of planned inspections. At the initiative of the head of state, a working group has been set up to restore order in this area and to eliminate unnecessary and frivolous demands of inspectors, who prevent business development in Belarus. The group consists of well-known businessmen and economic experts.
Belarus Premier about $500 salary: This money must be earned
Belarus Premier about $500 salary: This money must be earned The average salary of $500 in Belarus is a goal for the government in 2017. On February 21, the government talked about how to ensure growth of incomes of Belarusians and also discussed the economic results of January. According to the Prime Minister, the stability of the domestic currency market has been ensured. The attractiveness of Belarusian ruble deposits has been secured too.
Business conditions in Belarus to be liberalized
Business conditions in Belarus to be liberalized Another step towards business liberalization in Belarus. The Trade Inspection of Belarus stops checks and switches to the monitoring mode. The structure will begin work in the new format next week, before the decree on control and surveillance activities. The main task of the department now is the regulation of prices and tariffs in Belarus. We often hear loud news about price fixing in the world. Both local producers and global corporations were seen doing this. Companies informally agree to sell goods at a certain price.
Belarus to take part in a business forum in Syria
Belarus to take part in a business forum in Syria Belarus has shipped the first lot of dairy products to Syria. These products are milk-powder and butter. As it has been stated by the Ministry of Agriculture and Food of the Republic of Belarus, Syria is interested in Belarusian product supply. It is likely for the product range to be expanded in the future. Belarusian meat and dairy plants are to hold presentations in the Middle-East in April, 2017.
Belarus Ministry of Economy sets new tasks for 2017
Belarus Ministry of Economy sets new tasks for 2017 Minimization of administrative burden on business and improvement of investment climate. These are the tasks that Belarus Ministry of Economy has set for 2017. As it was stated in the department on the 17th of February 2017, the launch platform for reconstruction and growth has already been created. Programmatic documents for the current five-year plan were adopted in 2016. Export, effective engagement, including the sphere of high-tech manufacturing, should underlie the economic progress.

21.02.2017

Belarus starts potato exports to Uzbekistan Belarusian potatoes are hitting new markets. Uzbekistan became another country to which Belarus will export the vegetable. Traditionally, Belarus sells potatoes to Russia, but there is demand for it in other countries like Azerbaijan, Moldova and Kazakhstan. By the way, Belarus is one of the CIS' leading exporters of potato, which is also called "second bread". According to the National Statistics Committee, Belarus grows 600kg of potatoes per capita a year.
Plans of Belarusian-Pakistani economic cooperation for 2017
Baluchistan delegation visiting Belarus: Economic plans for 2017 voiced The governor of the Brest region of Belarus and the delegation of Pakistan's Baluchistan province will continue to discuss new horizons of cooperation between the two regions on February 21. The sides are interested in new ties in the processing industry, construction industry, as well as logistics. The Pakistani delegation will visit the Brest State University and several enterprises: those producing children's toys, carpets, as well as companies processing milk and fish.

20.02.2017

Brest region leadership meets with Baluchistan province delegation
Brest region leadership meets with Baluchistan province delegation Five thousand kilometers is not a hindrance for mutually beneficial trade. On February 20, the leadership of the Brest region and the delegation of the Pakistani province of Baluchistan met at the negotiating table. As it turned out, the regions have many common interests. One of the most densely populated areas of the world is willing to buy Belarusian dairy products and clothing.
Belarus President demands to reduce checks of businesses
Belarus President demands to reduce checks of businesses You can either listen to the opinions of outside observers (and sometimes it is even pleasant), or simply ignore them. Still, you should have your own head on your shoulders, especially in economy, where interest and profit govern advisers and consultants. What does Belarusian experience tell us today? There are a lot of inspection departments. They work actively, but the economic benefit of total control is questionable. Even the President started to speak about it.

17.02.2017

Lithuanians visiting Minsk region to get familiar with Belarus' agribusiness
Lithuanians visiting Minsk region to get familiar with Belarus' agribusiness Lithuanian farmers are getting familiar with the development of Belarusian agribusiness. This is the first such experience. The European delegation has come to Minsk Region for two days to share experience and possibly reach new agreements. The guests visited one of the leading farms near Minsk. There, the Lithuanians got familiar with innovative the approaches that farmers of the Minsk region use.
Belarusian e-buses may appear in China
Belarusian e-buses may appear in China Belarusian e-buses may appear in China. A government delegation from Sichuan Province has visited the Belarusian e-bus producer and tested the transport novelty. Today, this machinery meets international ecological standards, which is especially important for China because of smog problems.
Over 40 large investment projects to be implemented in Minsk in 2017
Over 40 large investment projects to be implemented in Minsk in 2017 More than 40 major investment projects will be implemented in Minsk in 2017. The lion's share of them relate to the construction of social facilities and the creation of high-tech enterprises. Among them are the third branch of the Minsk subway, the center of the artistic gymnasts and the renovation of the Dinamo stadium. In 2016, Minsk attracted $6 billion dollars of foreign capital. In addition, the city's authorities allocated in 2017 about five million rubles of budget funds to support small and medium-sized businesses.

16.02.2017

Belarus agrees on new way to resolve gas and oil dispute with Russia
Belarus agrees on new way to resolve gas and oil dispute with Russia Belarus and Russia have agreed on another way to resolve the oil and gas conflict, Vladimir Semashko told reporters on February 16. The Deputy Prime Minister of Belarus noted that the decision to sign the agreement may be taken as early as next week. It is expected that this document should resolve contentious issues between the two countries on oil supplies and price of gas. Belarus insists on reducing the cost of Russian gas. The parties are working out mutually acceptable terms of oil supply.
Belarusian milk powder and butter shipped to Syria
Belarusian milk powder and butter shipped to Syria The first bath of Belarusian dairy products has been shipped to the Syrian market. During the first trial Syrians are invited to taste Belarusian milk powder and butter. As noted by the Ministry of Agriculture and Food, Syria is interested in the supply of Belarusian products. It is possible that in the future the range of exports will be expanded. In April 2017, Belarusian meat and dairy enterprises will present their capabilities for the countries of the Middle East.

15.02.2017

Belarusian flax and shoes will be supplied to India
Belarusian flax and shoes will be supplied to India Belarusian flax will be supplied to Mumbai, with shoe supplies being on the cards too. This information was announced on 9 Februaryby enterprises of the Vitebsk region of Belarus. The potential contract portfolio with these two countries is estimated at one billion dollars. Moreover, a presentation of a Belarusian leather and footwear holding company will be held in India in March.
Belarusian brands exhibited at Prodexpo 2017
Belarusian brands exhibited at Prodexpo 2017 The largest specialized exhibition Prodexpo 2017 took place in Russia, Moscow. This event brought together several thousand companies from almost 60 countries. Beef and poultry productionsare the best-selling items o fBelarusian manufacturers. Belarus traded with over 60 countriesin 2016. The export of meat to African countries has increased five times. Moreover, farmers bet on the Chinese consumer in the next six months.
Why do Norwegians make selfie with sun and how herring comes to Belarus?Why do Norwegians make selfie with sun and how herring comes to Belarus?
How Norwegian herring comes to Belarus? Even spoilt Europeanstaste and like Belarusian products. The weal theist Scandinavians praise the herring caught in their banks and processed by Belarusians (in the right way, apparently, otherwise they would not praise it). Our correspondent Yana Shipko has more about Norway. Norwegians have always lived by the sea. The warm flow is a real breadwinner for both sea inhabitants and locals.
Russian consumers and experts assess Belarusian food products amid recent food scandals
Russian consumers and experts assess Belarusian food products amid recent food scandals Rosselkhoznadzor continues to impose bans on Belarusian enterprises that supply to Russia food products which allegedly don’t meet the international standards of food safety. Therefore, our special correspondent Alexander Dobriyan went to Russian Bryansk to prove the artificiality of these restrictions.
Vitebsk region earns $30 million on export of medical services
Vitebsk region earns about $30 million on export of medical services in 2016 Belarus is increasing the export of medical services. The Vitebsk region alone increased export of these services by 20% in 2016, as compared to 2015. Such services brought the region BYN60 million (which is a bit less than $30 million). Hospitals, dental clinics, plastic surgery, diagnostic and rehabilitation centers are popular with foreigners in Belarus.

14.02.2017

Belarus President demands to abolish excessive checks of businesses
Belarus President demands to abolish excessive checks of businesses On February 14 the Belarus President instructed the supervisory authorities to reduce the number of planned inspections and reorganize institutional control. At the initiative of the head of state, a working group has been established to improve the control activities and eliminate unnecessary requirements for enterprises. It consists of well-known businessmen and economic experts.
Belarus to expand scope of application of its ruble
Belarus to expand scope of application of its ruble Taking into account the reduction of foreign exchange risks the Council of Ministers and the National Bank of Belarus approved the plan for the de-dollarization of the economy. Decline in inflation and higher yields of bank deposits in Belarusian rubles create a favorable background for complete switch from dollars to rubles in domestic economic relations. In any case, the US dollar will no longer be a measure for the settlements and payments of taxes, duties and when it comes to tariffs, rates and prices.
Belarus President criticizes training of civil servants
Belarus President criticizes training of civil servants Will officials laid off as a result of optimization of the state apparatus become payers of social dependency tax? This is a rhetorical question, although the success of the work of state agencies as well as any enterprise depends on how eager these workers are. Especially in ideology! You can't work with people like with a blank that needs to be finished with a file. Here one needs special talent! President Lukashenko drew attention to this subject one more time. No formalism and superfluous activities. No more space for bureaucracy in state apparatus.
Alexander Lukashenko: Belarusian economy needs to have human face
Alexander Lukashenko: Belarusian economy needs to have human face Non-standard measures are necessary to develop the economy - such an idea was voiced at a meeting with the President on February 10. On February 9, Belarus President discussed the possible introduction of the institute of trust management with respect to companies of the republican and municipal property. If you cannot manage property during difficult times, give it to skilled professionals! Yevgeny Pustovoi has more.
Alexander Lukashenko discusses methods of trust management of insolvent enterprises
Alexander Lukashenko discusses methods of trust management of insolvent enterprises Belarus may introduce the institution of trust management of enterprises. On February 9, the Government presented the new legislative initiative to the President. Its meaning is simple. Unprofitable plants, factories and state-owned agricultural farms will be given to private investors temporarily (for five years). The new leadership should help restore the operation of these companies, and in return the temporary managers will keep part of the profits.

13.02.2017

Turkmenistan gets first industrial ton of potash salt
Turkmenistan gets first industrial ton of potash salt Turkmenistan has received the first industrial ton of potash salt. The Garlyk mining and processing combine, which is built by Belarusian companies key, is preparing for opening. Now concentrator equipment is being adjusted. The experience of Belaruskali was used when building the mining and processing combine.
Labor ministry says $500 salary is real target in 2017 The average salary of $500 in 2017 in Belarus is quite a feasible task, said the Ministry of Labour and Social Protection. It believes that earnings can be raised by optimizing staff or seeking extrabudgetary funding. With regard to commercial organizations, a decisive factor will be growth of labor productivity.

10.02.2017

Professor Mikhail Kovalev
Belarus economy to survive if we produce more goods and sell them to partner countries only, economist Kovalev says The dean of the Faculty of Economics of the Belarusian State University Mikhail Kovalev gave an interview to Yegor Khrustalev in the TV program Simple Questions. Today our guest is the dean of the Faculty of Economics of the Belarusian State University, Professor Mikhail Kovalev. Thank you very much for the opportunity to talk with you. Of course, I would like to continue the topic of the Big Conversation with the President.
Public-private partnership in agriculture: decent salaries and good working conditions
Public-private partnership in agriculture: decent salaries and good working conditions These days business supports the agricultural sector in Belarus. Thus, the principle of public-private partnership is being implemented in practice. According to experts, it is one of the best ways of mutually beneficial cooperation today. Private companies are investing money, and in return, they receive the most favorable conditions. This is a worldwide practice. Here is the concrete example of this cooperation. There are about 7,000 cows here, and the employees get the salary 150 rubles higher than the average in the district.
Days of Minsk will be held in Belgrade
Days of Minsk will be held in Belgrade Days of Minsk will be held in Belgrade. Their preparation is already underway. This will be another step towards the friendly Belarusian-Serbian cooperation. Belarusians will bring to the Serbian capital not only a large-scale cultural program, but also business proposals as a number of business meetings are scheduled. The main goal is further increase in trade turnover between the two countries.
Naftan director general dismissed General Director of one of the largest oil processing companies Naftan Vladimir Tretyakov has been dismissed, said the head of the Belarusian Presidential Administration. According to Natalia Kochanova, one of the reasons for this decision was protracted modernization, which timing had repeatedly been extended. Vladimir Tretyakov as the head of the organization had not taken timely measures to implement the development program of Naftan.
Belarus not going to issue excessive money to stimulate economy
Belarus not planning excessive money emission to stimulate economy Belarus is not going to print excessive money, while trying to find new growth points. Such tasks were set by the President at the meeting with experts on socio-economic policy on February 10. Taking part in the February 10 meeting are economists holding key positions today as well as former leaders who assumed high government positions. According to Alexander Lukashenko, Belarus used different approaches to economic management. The main requirement is that the steps taken don't create prerequisites for the destabilization of the situation in the future.
Fewers inspections of small and medium business in Belarus
Fewers inspections of small and medium business in Belarus The ministry of emergencies of Belarus completely ceases checks of small and medium-sized businesses. Now businessmen and managers themselves will be responsible for fire safety. Such a move is logical since the number of accidents becomes smaller every year. This makes it possible to optimize the work of the ministry. Now the ministry is revising fire safety requirements. They should become more accessible and easier.

09.02.2017

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

08.02.2017

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

07.02.2017

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

06.02.2017

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

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