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Economy & business

25.11.2016

Reactor vessel for  Belarusian NPP delivered to Novovoronezh
Reactor vessel for Belarusian NPP delivered to Novovoronezh Nearly a thousand kilometers upstream. A reactor vessel for the Belarusian nuclear power plant has been delivered from Volgodonsk in Novovoronezh by water. The heart of the power unit was in water voyage for 20 days. By the way, this leg of the journey was the most difficult. The vessel had to move virtually at a pace of a pedestrian since the river became too shallow. It took 8 hours to take the 300-ton vessel off the barge to the ground. The vessel will be in Novovoronezh for a few more days. Ahead is a long way by railroad.
Belarus President to pay official visit to Azerbaijan 28-29 November
Belarus President to pay official visit to Azerbaijan 28-29 November The President of Belarus will make an official visit to Azerbaijan on 28-29 November. Alexander Lukashenko and Azerbaijani President Ilham Aliyev are expected to hold talks. The two leaders will discuss the state and prospects of development of Belarusian-Azerbaijani relations. The sides are also expected to sign several bilateral documents. Alexander Lukashenko will also meet with the Prime Minister of Azerbaijan.
Belarus President demands radical improvement in machine building complex
Belarus President demands radical improvement in machine building complex The President of Belarus requires to radically improve the situation in the field of mechanical engineering. Alexander Lukashenko said this on November 24 at a meeting on the development strategy of the industry. Taking part in the meeting are representatives of the Government, relevant ministries, heads of Belarusian enterprises, scientists, as well as those who use the products of Belarus' mechanic engineering.
Single Settlement and Information Space of Belarus to be synced with international payment systems
Foreign cardholders to get access to Belarus' Single Settlement and Information Space (ERIP) The Single Settlement and Information Space (in Russian: ERIP) will be adapted to international payment systems. Foreign cardholders will soon be able to find ERIP services. Thus those who live abroad will get an opportunity to pay for Belarusian services, including tickets and utility bills. Optimizing the system will the new Software Development Center established in Belarus. The company will upgrade the technical platform, on which the majority of Belarusian banks operate. Investment in the project will amount to more than $1 million.

24.11.2016

President demands improvement in Belarus' mechanical engineering
President demands improvement in Belarus' mechanical engineering The President of Belarus requires to radically improve the situation in the field of mechanical engineering. Alexander Lukashenko said this on November 24 at a meeting on the development strategy of the industry. Taking part in the meeting are representatives of the Government, relevant ministries, heads of Belarusian enterprises, scientists, as well as those who use the products of Belarus' mechanic engineering.
Profitability of Belarusian agricultural exports exceeds 20%
Belarus to introduce law on organic products in 2017 Return on sales of Belarusian agricultural products to foreign markets exceeds 20%. For example, a ton of beef gives profits of almost $750, a ton of cheese about $1,300, according to Minister of Agriculture and Food Leonid Zayats.
Belarus and Austria discussing mutual projects
Belarus and Austria discussing mutual projects Minsk and Vienna have resumed the work of all mechanisms of economic cooperation development. That was the leitmotif of the 13th session of the Belarusian-Austrian intergovernmental commission on bilateral trade and economic cooperation. This meeting in the Belarusian capital brought together the business circles of the two countries: 25 Austrian and over 100 Belarusian companies.

23.11.2016

Belarus 31st in IT development ranking
Belarus 31st in IT development ranking Belarus has risen five notches in the ranking for the development of information and communication technologies, and took 31st place. Countries were assessed in 11 positions.  Among them was access to information and communication technologies, the number of active Internet users and people's Internet skills. Topping that ranking is the Republic of Korea. All in all there are 175 countries on the list. Belarus' Eurasian Economic Union allies - Russia and Kazakhstan - are 43rd and 52nd, respectively.
Confederation of Indian Industry may open office in Belarus
Confederation of Indian Industry may open office in Belarus Belarus hopes to reach a higher level of trust of the strategic partnership with India. Belarusian logistics, expanding the horizons of trading, are actively involved in the delivery of goods to Indian colleagues.  With their help, Belarusian-made goods are exported not only to India but also to Pakistan, the UAE and other countries in Southeast Asia. The next step could be the opening in Belarus of an office of the Confederation of Indian Industry.
Belarusian-Austrian commission on trade-economic cooperation to meet in Minsk on November 23
Belarusian-Austrian commission on trade-economic cooperation to meet in Minsk on November 23 From health care to petrochemical industry. Belarus and Austria have more and more common topics. The practical benefits of the partnership will be discussed on November 23 in Minsk. There is planned a meeting of the Belarusian-Austrian intergovernmental commission on trade-economic cooperation. There will be held talks between business circles of the two countries. The parties will touch on the widest range of issues: medicine, construction, logistics, transport, food industry and other promising areas.

22.11.2016

Minsk electric bus entering new markets
Minsk electric bus entering new markets The manufacturer of Belarusian electric buses is considering the possibility of supplies to Romania, Bulgaria and Turkey. There is some interest from Europe too. Electric buses will start plying the city of Minsk next week. However, these will be only tests. Buses will go without passengers. E-bus Vitovt is the first environmentally-friendly mode of transport produced in Belarus. It was presented this spring. The vehicle can go without contact with the network and then be recharged on the endpoints.
Belarus mulling over salary compensation fund for workers of bankrupt enterprises
Belarus mulling over salary compensation fund for workers of bankrupt enterprises The Federation of Trade Unions of Belarus (FTU) proposes to establish a fund for the compensation of salaries to workers of bankrupt enterprises. The draft plan is going to be adopted in 2018. The Council of the Fund will consider all cases individually and determine the size of cash payments. The FTU believes that the introduction of insurance against loss of earnings would improve the social protection of workers and guarantee payments.
Belarus, Russia and Armenia sign agreement on support for innovations
Belarus, Russia and Armenia sign agreement on support for innovations Belarus, Russia and Armenia are strengthening business ties. The countries have signed a trilateral agreement to support entrepreneurs and innovations. The document has already been signed. Until the end of 2016, Moscow, Yerevan and Minsk are planning to develop a business road map, which will help remove borders between the two countries for small and medium-sized businesses.

21.11.2016

Alexander Lukashenko meets EPC Group's Jens Henkel
Alexander Lukashenko meets EPC Group's Jens Henkel The Belarus President has met with a representative of German business in the Palace of Independence to discuss a joint investment project on the modernization and development of the enterprise Mogilevkhimvolokno. EPC Group has declared its interest in this project. It unites 9 branches in Germany and ranks among the top 100 German companies. The main activity is construction of industrial plants in petrochemical, chemical and pharmaceutical industries as well as renewable energy.
The average salary in CIS countries
To achieve average salary of $500 in Belarus: challenge accepted While visiting Mogilev Region at the beginning of the week and giving a press conference later, the President of Belarus has initiated to discuss and to implement the task that has excited both journalists and working class people. It has been the task to make the average salary be equal to no less than $500. In other words, an average Belarusian must earn BYN1,000 a month. And ‘to earn’ is the key word here, as no money will fall from heaven or even from local authorities.

18.11.2016

Belarus overhauling collective state farms
Belarus overhauling collective state farms Agriculture should be given the opportunity to work properly, said the Belarus President during the meeting on the reorganization of collective farms on November 18. This issue was raised long ago. Existing statutes are not in harmony with the provisions of the Civil Code. All farms need to be converted into a new organizational and legal form by 31 December. However, such innovations have caused a lot of disputes. “Will it hurt peasants?” asked the President.
Belarus, Qatar working to implement cooperation road map
Qatar finance minister arrives in Belarus The implementation of several large projects of Belarus and Qatar will be the best demonstration of mutual interest, said Alexander Lukashenko on November 18 received a delegation from that country, headed by the Minister of Finance Ali Shareef Al-Emadi.
Association of business angels appears in Belarus
Association of business angels appears in Belarus The Association of Business Angels has been established in Belarus. This is a community of investors willing to invest in new technology start-ups. As part of the project, young entrepreneurs will learn the most important - finding investors for the implementation of their business plans. World-renowned business angels will come to Belarus with master classes.
Belarus President holds press conference for Russian media: six hours and over 30 questions
Belarus President holds press conference for Russian media: six hours and over 30 questions Belarus-Russia relations have every chance to reach a qualitatively new level. It was announced on November 17 by Alexander Lukashenko during a press conference for regional media representatives of Russia. The conference became a final part of a multi-day press tour across Belarus. That was the 13th such meeting. The President told journalists it was his favorite number, by the way.

17.11.2016

Integration with Russia top topic at Belarus President's meeting with Russian journalists
Integration with Russia top topic at Belarus President's meeting with Russian journalists Belarusian-Russian relations have the opportunity to reach a qualitatively new level, said November 17 the Belarus President during a press conference for representatives of regional mass media of Russia. Meetings in this format are traditional. The current one is the 13th in a row. By the way, the President, talking to reporters, admitted that it is his favorite number. A live broadcast of the press conference is organized by the First Channel of the Belarusian Radio.
Minsk 2nd in Europe in business expenditures efficiency
Minsk 2nd in Europe in business expenditures efficiency Business attractiveness of Minsk is growing. At this time, the capital of Belarus was recognized the second in the top ten European cities in terms of the efficiency of doing business expenditures. Research results have been voiced in a very influential financial publication. In addition, Minsk is in the top ten cities with the best strategy to attract foreign direct investment. Now about 50 contracts worth $6 billion are being implemented. China, Cyprus, Iran, Russia, Lithuania and Qatar are Minsk's main partners.
Belarus President holds 'trustful' dialogue with Russian journalists
Belarus President holds trustful dialogue with Russian journalists A press conference is being held by the President of Belarus at the Independence Palace for representatives of regional mass media of Russia. It completes the press tour, in which about 100 journalists and bloggers are taking part. Before that, they got acquainted with the socio-economic development of Mogilev region. Meetings in this format are traditional. This is the 13th in a row.
EEU prime ministers agree on Customs Code November 16
EEU prime ministers agree on Customs Code November 16 The prime ministers of the countries of the Eurasian Economic Union on 16 November agreed on a draft of the Customs Code of the Eurasian Economic Union (EEU). The meeting of the Intergovernmental Council was held in Gorki near Moscow. The heads of government of Russia, Armenia, Kazakhstan, Kyrgyzstan and Belarus did come to a common denominator. Prior to that, five such meetings were held, with the latter taking place in Minsk.

15.11.2016

President Lukashenko meets the workers of MogilevKhimvolokno
Belarus President visits MogilevKhimvolokno company The President of the Republic of Belarus has visited MogilevKhimvolokno company. By 2020, this giant of Belarusian chemical industry will turn into an entirely new enterprise. Modernization will ensure the needed radical qualitative changes, according to the task given by President Lukashenko. Many people have worked here for decades, like their parents did, along with their spouses and adult children.
Unused industrial areas in Minsk to be offered to investors
Investors welcome to acquire unused industrial areas in Minsk Available industrial areas should be used rationally, said Belarus President at the November 15 meeting on state property. One example of long-vacant buildings in Minsk is nearly 20 buildings of the Minsk Association of Computer Technologies. Back in early 2014, the Head of State ordered their alienation. During one year, the property was to be sold.
Belarus' exposition opens at International Trade Fair in New Delhi
Belarus' exposition opens at International Trade Fair in New Delhi Belarusian MAZ trucks, famous candies and road machinery in India. A national exposition of Belarus opened at the international trade fair in New Delhi. The country has presented famous domestic brands. These are products from 60 Belarusian companies in the field of mechanical engineering, petrochemical, light and food industries. During the national exposition, Belarus will present its companies and their products. There will also be a business matchmaking session. The 10th meeting of "Belarus-India" Business Council will take place, too.

14.11.2016

Belarusian fiscal authorities reduce number of inspections
Belarusian fiscal authorities reduce number of inspections The fiscal authorities of Belarus managed to reduce the number of inspections. At the same time, the efficiency has grown. The authorities check only those places where there are violations. Thus, the intrusion into the activity of obedient entities is minimal. Inspectors are using a non-contact type of inspections, a so-called cameral tax audit. The numbers prove the efficiency of this system. There were about 20,000 inspections last year. This year, the number of inspections has amounted to 13,000.
Innovative thinking and success strategy: Global Entrepreneurship Week in Belarus
Innovative thinking and success strategy: Global Entrepreneurship Week in Belarus About 500 million dollars will be allocated to the development of small and medium-sized business in Belarus in the next five years. It is expected that the share of private entrepreneurs will amount to 40% of GDP. Now, their share is about a third of GDP. That was discussed at the opening of the international forum of entrepreneurship on November 14. More than 500 representatives from Russia, the USA, Czech Republic and Germany participated in the forum.
Germany to modernize Belarus' MogilevKhimvolokno company
Germany to modernize Belarus' MogilevKhimvolokno company The Mogilev-based company Mogilevkhimvolokno will be modernized by 2020 to become an entirely new business. Radical changes will come thanks to modernization. This task was set by Alexander Lukashenko during a visit to the giant of the chemical industry. The Head of State stressed the need not to stretch the timeline and demanded the finish of works as soon as possible. Modernization will take place in two stages and as a result the company will start producing products that are now in demand in the market.
Belarus President wants to return salaries to $500 in 2017
Belarus President wants to return salaries to $500 in 2017 Return the average salary in Belarus to the level of $500 in 2017 was an order given by the Belarus President during his working trip to the Mogilev region. Alexander Lukashenko got acquainted with the prospects of development of Mogilev. The Head of State was informed about the fulfillment of his instructions on the improvement of Mogilev's neighborhoods. Alexander Lukashenko, President of Belarus:Please report to me on salaries. Your level and the level of the republic.
Global Entrepreneurship Week to in Minsk November 14
Global Entrepreneurship Week to in Minsk November 14 Innovative thinking and modern strategies in the business world. On 14 November, Belarus for the sixth time will become part of the Global Entrepreneurship Week. It is an international project that brings together the business community from over 160 countries. During this week, you can communicate with representatives of the authorities, lawyers and successful businessmen any questions you like, as well as present your ideas and acquire a business angel.

13.11.2016

Alexander Lukashenko about agriculture and development of agrotowns
Belarus President concerned about agrotowns development The President of Belarus demands to increase the level of the development of agrotowns in Belarus. On November 12, the president visited the Mogilev region and held a meeting on the development of agrotowns in the Orsha and Shklov districts. In particular, they discussed proposals for further improvement of the production sector of several agricultural towns of the Shklov district with the creation of complex integrated structure based on local enterprises.

12.11.2016

Belarus’ President holds meeting on development of agrotowns in Orsha and Shklov districts
Belarus’ President holds meeting on development of agrotowns in Orsha and Shklov districts The President of Belarus demands to increase the level of the development of agrotowns in Belarus. On November 12, the president visited the Mogilev region and held a meeting on the development of agrotowns in the Orsha and Shklov districts. In particular, they discussed proposals for further improvement of the production sector of several agricultural towns of the Shklov district with the creation of complex integrated structure based on local enterprises.

11.11.2016

EAEU conference in Gomel: No trade barriers between member countries
EAEU conference in Gomel: No trade barriers between member countries There shouldn’t be any barriers between countries of the Eurasian Economic Union (EAEU). That’s the main topic of the EAEU international conference held in Grodno. The business terms should be equal for all five member countries. However, according to participants of the conference, the court heard at least 10 appeals in 2015. All of them were referred to the violation of common rules of competition.   Due to the investigation, it was possible to reduce the cost of roaming on the territory of the Eurasian Economic Union.
Good partner: How much does Turkey invest in Belarus?
Good partner: How much does Turkey invest in Belarus? The head of Turkey is expected in Minsk with an official visit. November 11 will be the day of big politics. President Alexander Lukashenko's talks with Recep Erdogan will set the overall tone for the business circles of the two countries. More than 400 companies have already registered to take part in the Belarusian-Turkish business forum.

10.11.2016

Companies from China and Belarus intend to expand cooperation
Companies from China and Belarus intend to expand cooperation Minsk these days has become a platform which presents more than 40 companies from the Xinjiang Uygur Autonomous Region of China. This presentation is a logical continuation of Belarus' participation in the fifth exhibition China-Eurasia in the city of Urumqi. China is among the top three trading partners of Belarus. This is confirmed by the bilateral trade figures. In 2015, Belarus-China trade amounted to more than $3 billion.

09.11.2016

Products of Chinese Xinjiang Uyghur Autonomous Region presented at Minsk’s exhibition
Products of Chinese Xinjiang Uyghur Autonomous Region presented at Minsk’s exhibition The cooperation in agriculture and mechanical engineering is a priority for Belarus and the Xinjiang Uyghur Autonomous Region of China. Minsk received a delegation from more than 40 Chinese companies. The product of these companies were presented at the exhibition that took place in the framework of the program of the comprehensive strategic partnership between Belarus and China.
New quality management level at Belarusian enterprises by 2018
New quality management level at Belarusian enterprises by 2018 A new quality competition involving Belarusian products will be established in Belarus. Research will be held in independent laboratories. The main purpose of the contest is to raise the level of Belarusian goods. In addition, by 2018, companies are expected to move to a new level of quality management, according to international standards. In the next five years, Belarus will implement a set of measures that will allow Belarusian products to enter new markets and introduce European approach to production.
Food Forum in Minsk: Belarusian goods in demand in entire CIS
Food Forum in Minsk: Belarusian goods in demand in entire CIS For many, the brand "Made in Belarus" is a synonym for the word "quality." By the way, the current week in Europe is being held under this very sign - quality. These days, Belarus will hold dozens of trainings, business meetings with leading experts in the major cities of the country. On November 8, the largest food forum started in Minsk. Guests are leaving positive feedback, and possibly will go home with new contracts. 

08.11.2016

Belarus' MTZ presents powerful 450hp tractor in Minsk
Belarus' MTZ presents powerful 450hp tractor in Minsk On October Revolution Day, November 7, Minsk Tractor Works (MTZ) presented another novelty. This is a powerful that has 450hp under the hood. At the moment, it is the most powerful machinery in the former Soviet Union. The new Belarus tractor can replace 15 conventional tractors in a field. The presentation took place during the International Team Power Extreme World Cup. The participants used the new model to set a world record - pull a 18-ton tractor 6 meters.
Belarus export at $17 billion in January-September 2016
Belarus export at $17 billion in January-September 2016 Statistics is in favor of Belarusian producers. During the first 9 months of 2016, Belarus' exports grew by 4% compared to the same period in 2015. In numerical terms, in September, the export exceeded $2.7 billion. In general, since the beginning of 2016, Belarusian enterprises sold abroad goods worth almost $17 billion. Companies have also increased the range and scope of services provided. The positive balance in services is $1.7 billion.
Movie about tractor Belarus wins two silver dolphins in Cannes
Movie about tractor Belarus wins two silver dolphins in Cannes Over 70 years, tractors Belarus traveled to 76 countries. After the success of the short film "Bread Winner" at the Cannes Corporate Media & TV Awards, MTZ tractors have become world celebrities. The CTV reporter has gone to Novosibirsk, where the authors of the movie live, in order to figure out for what their work received two silver dolphins.

07.11.2016

Minsk National Airport becomes airline hub due to increased transit passenger flow
Minsk National Airport becomes airline hub due to increased transit passenger flow Minsk National airport got the status of a hub. The airport became an airline hub due to increased transit passenger flow. There is about 30% of such travelers. The percentage of transit passengers improves the status of the airport and its importance in Europe. This month the airport plans to welcome its 3-million passenger. Now there is modernization of the air gates of Minsk.

05.11.2016

Alexander Zaborovsky: 10 billion dollars to be invested in Belarus in 2017
Alexander Zaborovsky: 10 billion dollars to be invested in Belarus in 2017 Investments in fixed capital in 2017 should amount to more than 22 billion denominated rubles, which is more than 10 billion dollars, said First Deputy Minister of Economy of the Republic of Belarus Alexander Zaborovsky. A quarter of the resources will be spent on Infrastructure projects and social sector. It includes construction of roads, residential houses and development of logistic potential. Three quarters will be spent on the real sector of economy.

04.11.2016

New air traffic control center to appear in Minsk in 2018
New air traffic control center to appear in Minsk in 2018 Construction of a new air traffic control center in Minsk, Belarus, will be completed in 2018. On November 4, a commemorative capsule was laid on this occasion in the neighborhood Sokol, where it will be based. In fact, this is the start of a milestone project. Need to create a new center is due to the increase in the number of flights over Belarus. More than 700 aircraft cross the territory of Belarus during 24 hours. First of all, the Mission Control Center will provide security.
IMF technical mission on state-owned enterprises starts work in Belarus
IMF technical mission on state-owned enterprises starts work in Belarus A technical mission of the International Monetary Fund has started work in Belarus. Currently the sides are discussing the possibility of a three-year cooperation program that would be supported by a loan of $3 billion for 10 years. The IMF puts forward a number of requirements in order for the loan to be issued. The technical mission on state-owned enterprises has arrived in Belarus on the invitation of the Government and the National Bank.
Dairy companies of Minsk region expanding range of export products
Dairy exporters from Minsk region expanding range of products Dairy exporters from the Minsk region are improving their export opportunities, expand the range and improve quality of products that could be interesting to foreign consumers. The Kapyl branch of the Slutsk plant for the production of cheese, butter, dry milk products exports to Russia and Kazakhstan more than 90% of its products. In 2017, it is planning to produce whey powder, without mineral salts.
Joint production of tractors and economic cooperation: SCO summit opens in Bishkek
Joint production of tractors and economic cooperation: SCO summit opens in Bishkek Kyrgyzstan has resumed the assembly of Belarusian tractors. The opening ceremony of the production facility took place in Bishkek. This city became the center of continental politics on November 3. It is hosting the Council of Heads of Government of the Shanghai Cooperation Organization, with Belarus being here as an observer. The main issue is economic cooperation. Belarus offered to expand industrial cooperation within the SCO. On November 3, an assembly plant for MTZ tractors has started work in Bishkek.

03.11.2016

Belarus seeking ways to increase teachers' salaries
Belarus seeking ways to increase teachers' salaries 70 kindergartens are going to be built in Belarus by 2020. Special class students who entered the Pedagogical University without exams will have to work 5 years after graduation at their first job after university. These and many other issues were discussed on November 2 in Tolochin, Vitebsk region. In the spotlight was social policy, including health. Vitebsk region, by the way, has one of the lowest infant mortality rates.
Belarus' trade with UAE: Why $30 million is not enough?
Belarus' trade with UAE: Why $30 million is not enough? The creation of joint ventures and the development of mutually beneficial projects, the delivery of food products and emphasis on the exchange of innovative technologies. Middle Eastern trade prospects of Belarus are now being discussed by the expert community. The level of political and interpersonal relations between Belarus and the countries of the Persian Gulf, such as Qatar and the United Arab Emirates, is quite high today. But economic cooperation can definitely grow and the sides need to increase mutual trade.
Belarus, Kyrgyzstan resume assembly of tractors
Belarus, Kyrgyzstan resume assembly of tractors Belarus and Kyrgyzstan have resumed the assembly of tractors in Bishkek. An opening ceremony was held on November 3 production with the participation of the Prime Minister of Belarus. The assembly facility will produce up to 5,000 tractors per year. The sides plan to sell the vehicles not only in Kyrgyzstan. The possibility of exporting machinery to China and Turkmenistan is being worked out. Delivering tractor kits to the assembly plant in Kyrgyzstan the MTZ plans to use customs regime called "free warehouse".
Belarusian producers strike profitable deals with Kazakhstan
Belarusian producers strike profitable deals with Kazakhstan New contracts for the supply of meat and milk products. Belarusian producers have returned from Kazakhstan with orders worth $10 million. A little more modest are results of the negotiations for the supply of furniture - $2 million. In addition, Kazakh partners are interested in expanding the assembly production of combine harvesters at a joint venture in the city of Kostanay. The country already has three dealerships and demand for equipment is growing.

02.11.2016

Minsk Wheel Tractor Plant to supply off-road dump truck to UAE
Minsk Wheel Tractor Plant to supply off-road dump truck to UAE Alexander Lukashenko met with Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. Prospective projects worth tens of millions of dollars were discussed at the meeting. Next year, the Minsk Wheel Tractor Plant will supply off-road dump trucks to the UAE. Belarus is also interested in increasing export of food products and construction materials. Strategic projects are planned in the field of high technologies and military and technological cooperation.
Social entrepreneurship: unique business courses open in Gomel
Social entrepreneurship: unique business courses open in Gomel It is possible to earn a living by solving social problems of the society. Unique business courses opened in Gomel in the framework of Global Entrepreneurship Week. It’s possible to undergo course of social entrepreneurship in the Institute of Advanced Training of Pavel Sukhoi State Technical University.
Economy, culture, sport, health: Minsk Region and Vysočina Region to strengthen bilateral cooperation
Economy, culture, sport, health: Minsk Region and Vysočina Region to strengthen bilateral cooperation Minsk Region and the Vysočina Region have discussed their bilateral cooperation. The talks took place during the visit of the foreign delegation to Minsk. A wide range of topics discussed at the meeting included the cooperation in economy and trade sphere, and partnership in the field of education and healthcare. Large Czech manufacturers and businessmen arrived in the Minsk region together with representatives of the Vysočina Region. They had an opportunity to visit Belarusian enterprises.
Belarus-Vietnam sign MAZ co-production documents in Hanoi
Belarus-Vietnam sign MAZ co-production documents in Hanoi The Belarusian auto industry is conquering new markets. Today in Hanoe, Belarus and Vietnam have formalized the birth of a new Belarusian-Vietnamese facility to produce passenger and truck MAZ vehicles. The documents were signed during a visit to Vietnam of the Deputy Prime Minister Vladimir Semashko and Minister of Industry Vitaly Vovk. The conveyor on the assembly plant will begin work in 2016. Now the parties are actively working on the launch of the joint production of low-floor buses.
Belarus registers budget surplus in January-September 2016
Belarus registers budget surplus in January-September 2016 In the first 9 months of 2016, the Belarusian budget was formed with a surplus. In other words, budget revenues exceeded expenditures: plus 900 million, or 1.2% of the GDP. Most of the finance was received by the Social Security Fund as well as from the payment of value added tax.  In turn, the largest expenditures were the financing of social services - education, health, and pensions.

01.11.2016

Christian Friis Bach, UN Under Secretary General, Executive Secretary of UN Economic Commission for Europe
Christian Bach: economic policy of your country creates more opportunities for business The program Week met the main person of the Economic Commission for Europe, Executive Secretary to learn more about the possible projects and why integration is becoming a sign of new times. Mr. Bach, today I’ve seen the announcement of the conference on the ECE official page on social networks. You’ve chosen a photo of Bolshoi Theatre. Have your acquaintance with Belarus started with the Bolshoi Theatre?
Russia makes second reactor for Belarusian NPP
Russia makes second reactor for Belarusian NPP A reactor vessel for the second power unit of the Belarusian nuclear power plant has been sent from Volgodonsk. Transport route passes through a complex logistics scheme. Now the special transport is being shipped on the motorway to the Tsimlyansk reservoir. There will start a river stage of that shipment project. In Novovoronezh, transportation will continue by rail. The reactor vessel for the Belarusian NPP weighs more than 330 tons, its height is 13 meters. Its production cycle was 3 years; experts have carried out all complex of tests.
Mozyr Oil Refinery gets first batch of Azerbaijani oil
Belarus buys Azerbaijani oil to compensate for cut in Russian supplies Mozyr Oil Refinery is going to begin processing a batch of Azerbaijani oil. The first batch has recently arrived at the company. Rail tank cars contain nearly 85,000 tons of raw material. The cargo was initially shipped through Odessa port. By the way, this is not the first time Belarus has used a tanker to purchase oil. In 2010 and 2011, Belarus bought almost 1.5 million tons of Venezuelan and Azerbaijani oil, which was shipped through the oil terminal of the Odessa port.
National Bank of Belarus changes basket of currencies November 1
National Bank of Belarus changes basket of currencies November 1 The National Bank of Belarus changed the structure of the basket of currencies on November 1. Until now, when determining the exchange rate of the Belarusian ruble, the bank took into account the trading volume in dollars, euros and Russian rubles. The regulator has decided to increase the share of the Russian ruble in the basket of currencies to 50% from 40%. The dollar will retain one-third in the basket, while the euro's influence on the exchange rate will be reduced to 20%.

31.10.2016

Chinese veterinarians inspect Belarusian meat packing plants
Chinese veterinarians inspect Belarusian meat packing plants Chinese veterinarians finished the official inspection of Belarusian meat packing factories. The experts were inspecting the Belarusian approach to feeding livestock and the rules of the production of meat and meat products. Chinese specialists favorably evaluated the work of Belarusian colleagues and the level of the veterinary service in Belarus.  
Belarus President visits Qatar October 30
Belarus President visits Qatar October 30 These days, Belarus President Alexander Lukashenko is in the Middle East. He is now in the United Arab Emirates, but early in the morning of October 30, the President held talks with the Sheikh of Qatar. This is one of the richest Arab countries. Here, there is the highest oil production per capita in the world. And each of the 2 million people here is a wealthy man. The country spends petrodollars on social services. In Belarus, Qatari businessmen are involved in a number of projects. Today, this list may become longer.
Trade barriers, absence of common energy markets: Belarus’ President enumerates problems of Eurasian Economic Union development
Belarus’ President enumerates problems of Eurasian Economic Union development Poland is a neighbor and a very important state in Eastern Europe, but it cannot replace Russia and countries of the CIS. Not because it doesn’t have oil and gas, or not only because of that. Russia and countries of the Eurasian Economic Union and the CIS represent the main market for Belarusian goods. Not everything is perfect, there are some problems. Every country protects its own manufacturers. However, it’s time to find a way to compromise and start to understand goals of integration that has been going on for a long time.
“There’s potential for development”: Polish businessmen in Belarus
“There’s potential for development”: Polish businessmen discovering Belarus Relations with Qatar and the United Arab Emirates are precious for Belarus, even though these countries are not so geographically and culturally close to us. The importance of relations with close countries that we have common past with goes without saying. However, sometimes there are some internal strives. Belarus is between Russia and Poland. Relations with Poland haven’t been very easy lately. However, nowadays, official representatives from Warsaw have become frequent guests in Minsk. The business sphere has revived.

28.10.2016

CIS Council of Heads of Government held in Minsk: signed agreements
CIS Council of Heads of Government held in Minsk: signed agreements A meeting of the Council of Heads of Government of the member states of the Commonwealth of Independent States was held at the National Library in Minsk. In total, the agenda included more than 20 draft documents. Almost every second of them has an economic component. Implementation of the provisions of the Free Trade Area Agreement remains the priority for the allies.
Center of Traditional Chinese Medicine to appear in Minsk region
Center of Traditional Chinese Medicine to appear in Minsk region The Minsk region and the Chinese province Zhejiang agreed to build the Center of Traditional Chinese Medicine in the Minsk region. In accordance with the agreement, the Belarusian party and the Chinese party have particular obligations. Thus, the Department of Health of the Minsk Regional Executive Committee will provide the Center of Traditional Chinese Medicine with rooms and necessary equipment. The Chinese party will send its specialists to treat Belarusians and to teach Belarusian doctors.
Economic issues in focus at meeting of CIS Council of Heads of Government in Minsk
Economic issues in focus at meeting of CIS Council of Heads of Government in Minsk October 28 A meeting of the Council of Heads of Government of the member states of the Commonwealth of Independent States is completing at the National Library in Minsk. In total, the agenda included more than 20 draft documents. Almost every second of them has an economic component. Cooperation in the mining and humanitarian sectors, automotive industry and intellectual property market development were among the issues. The allies are still discussing the course of implementation of the provisions of the Free Trade Area Agreement.

27.10.2016

Belarus' National Bank notes growth in BYN deposits
Belarus' National Bank notes growth in BYN deposits The Belarus National Bank notes the increase in the number of deposits in the national currency. We are talking about newly attracted deposits, says the NBRB.  Belarusians have opened more irrevocable deposits in the national currency. Irrevocable deposits cannot be withdrawn until the end of the contract. Their share in the deposit portfolio has increased by 170% since the beginning of 2016. An important factor here is the increased interest rate on such deposits. In irrevocable deposits, it is usually 2-3 points higher.

26.10.2016

Augustow Canal without visas: Tourist information center opens in Grodno
Augustow Canal without visas: Tourist information center opens in Grodno Foreign tourists can come to the Augustow Canal in the Grodno district without visas.  Special road signs inform tourists about that. To visit the tourist-recreational park foreign guests must have only a passport and a document confirming the right to visit this recreational area.
World Bank’s representative: Belarus is one of most rapidly developing countries
World Bank’s representative: Belarus is one of most rapidly developing countries The World Bank noticed a great improvement in the business climate of Belarus. In the list of 190 countries that are most favorable for doing business, Belarus got to the 37th place. Belarus is now close to its partners in the Eurasian Economic Union. Kazakhstan occupies the 35th place, Armenia is on the 38th place, and Russia is on the 40th place. In the rating of the World Bank, Belarus started to participate in 2007. Back then, Belarus occupied the 129th place.
Belarusian fabrics to be exported to Japan
Belarusian fabrics to be exported to Japan Belarusian light industry is entering the market of the land of the rising sun. For the first time Belarusian fabrics will be delivered to Japan. Among other promising areas for exports are the United States, Brazil and Israel. The state light industry enterprise Bellegprom is working to supply products to these countries. In addition, opportunities are open for cooperation with Turkey. By the way, 57% of the production of the domestic garment industry is now exported abroad.  Export in 2016 has increased by 8% compared with the same period of 2015.
Belarus to produce unique protein from transgenic goats' milk
Belarus to produce unique protein from transgenic goats' milk The Academy of Sciences of Belarus on October 26 opened a laboratory for extraction and purification of human lactoferrin from the milk of transgenic goats. The new site will appear in the Institute of Microbiology. Within the framework of a Belarus-Russia Union State program, Belarusian and Russian scientists have for the first time in the world created unique herds of animals. Having introduced a human protein gene into the DNA of goats the scientists got a herd of goats whose milk has more lactoferrin than in women's milk.

25.10.2016

Alexander Lukashenko: Belarus needs to help the poorest people
Belarus President: The poorest people need to be helped in crisis Belarus President Alexander Lukashenko stressed the importance of the development of relations between Belarus and Western Europe making staffing decisions on October 25. They touched upon the diplomatic corps. Denis Sidorenko has been appointed Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany. That country takes a constructive and pragmatic approach in the field of political cooperation, and in trade-economic cooperation, which is why it has become one of Belarus' most important partners.
Russian oil supplies to Belarus reduced by over 2 million tons
Belarus diversifying oil purchases to avoid excessive dependence on Russian market Belarus has resumed oil supplies from Azerbaijan. Almost 85,000 tons of the raw material were already unloaded at the port of Odessa. The oil was delivered here by a tanker. Oil is designed for processing at the Mozyr Oil Refinery. Technological equipment of the enterprise allows working with different varieties of oil.  As Belneftekhim oil company explained, it is working out various supply options due to the fact that not enough Russian oil is delivered to Belarusian refineries.
Deputy Prime Minister of Namibia: We expect greater number of agreements in 2017
Deputy Premier of Namibia: We expect greater number of agreements with Belarus in 2017 Belarus is ready to cooperate with Namibia. This republic is located in the south-west of the African continent. To visit it, Belarusians now do not need a visa. Diplomatic relations between the countries were established 15 years ago. For the first time over these years, the Minister of Foreign Affairs of Namibia visited Minsk on October 24. The parties see great potential for cooperation in the field of agriculture, engineering and mining industries. Now they are forming a complete legal base of the bilateral relations.
Belarusian and Polish businesses to expand interregional cooperation
Belarusian and Polish businesses to expand interregional cooperation Expansion of inter-regional cooperation between Belarus and Poland is one of the major topics discussed in Belarus these days. On October 25, a business delegation from Lubuskie Province is arriving in the Gomel region. Business circles of that European country intend to establish contacts with companies of the region.

24.10.2016

Amended law on employment comes into force on October 24 in Belarus
Amended law on employment comes into force on October 24 in Belarus Unemployed people will be obliged to look for a job on their own. Employer will have to tell about job openings during 5 days. On October 24, a new amendment of the law on employment will be introduced in Belarus. The document involves the stricter punishment for breaking the law. The period when a person can be unemployed is two times less. It was reduced from 36 to 18 months.
Belarusian government guarantees quality of pharmaceutical products
Belarusian government guarantees quality of pharmaceutical products Belarusian medicines became the topic of the talk show What’s Going On. Does promotion of domestic medicines have economic character? Is it focused on health, wallet, or commercial competition?
Representative of Belarus’ Ministry of Health on imported medication
Representative of Belarus’ Ministry of Health on imported medication Belarusian medicines became the topic of the talk show What’s Going On.
Why Belarusian medicines need more advertising?
Why Belarusian medicines need more advertising? Belarusian medicines became the topic of the talk show What’s Going On. Dmitry Shevtsov, deputy of the House of Representatives of Belarus, head of Belarusian Doctors' Association: Foreign companies spend a lot of money on advertising, which is very good. Foreign companies spend huge resource to promote a pharmaceutical product and to make doctors aware of its existence. There are a lot of conferences and seminars, where doctors could learn about medicines.
Poland may help Belarus promote Astravyets NPP electricity in EU
Poland may help Belarus promote Astravyets NPP electricity in EU Poland may become a conductor of Belarus to the WTO and promoter of electricity generate by the Astravyets NPP in the European Union. These two topics became central during negotiations of the Polish delegation with representatives of the Belarusian government. With the commissioning of the first unit of the nuclear power plant Poland could use Belarusian electricity or facilitate its transit.
How Mozyr Oil Refinery survived oil and gas conflict
How Mozyr Oil Refinery survived oil and gas conflict The tradition of carrying the Olympic torch originated in ancient Greece and reminded people about Prometheus who got fire and gave it to people. The fire of the Belarusian torch originates from... Gazprom. Gazprom is not Prometheus. It doesn’t just give fire, it sells it, and not at a low price. That’s why Belarus and Russia had an argument. By October 20, Russia wanted to get money from Belarus for gas and for pumping the volumes necessary for Belarusian refineries. Due to reduction in supplies from Russia, the Belarusian pumps weren’t working properly.
Belarus, Poland to increase trade from $2.5bn to $4bn in coming years
Belarus, Poland to increase trade from $2.5bn to $4bn in coming years The level of turnover of Belarus and Poland in the coming years should increase from $2.5 billion to $4bn. There are all prerequisites for this, say participants of the business forum Neighbourhood. It has been held for the 20th time and has gathered 500 representatives of business circles of Belarus and Poland. Already today the sides signed a package of documents on cooperation. Among them is a memorandum on the development of transport infrastructure in Vitebsk.
Belarus proposes Poland to boost economic cooperation
Poland may assist Belarus in WTO accession talks The President of Belarus proposes to raise the bar of trade and economic cooperation with Poland. Alexander Lukashenko said this on October 24 meeting with Deputy Chairman of the Council of Ministers, Minister of Finance and Poland Mateusz Morawiecki. In January-August 2016, the trade turnover between the countries has increased as compared to the same period of 2015.
Deputy Prime Minister of Poland to arrive in Belarus October 24 Minsk and Warsaw are expanding trade connections. On October 24 Belarus will welcome Deputy Prime Minister of Poland Mateusz Morawiecki. He will hold talks with the leadership of Belarus as well as take part in the meeting of the joint commission for economic cooperation. It is expected that the high-ranking guest will visit the annual Belarusian-Polish economic forum Neighbourhood. It will open on October 24 at the National Library and will gather several hundred representatives of leading companies of the two countries.

21.10.2016

Preliminary stage of reconstruction of M6 Minsk–Grodno finished
Preliminary stage of reconstruction of M6 Minsk–Grodno finished The preliminary stage of the reconstruction of the highway M6 Minsk – Grodno is over. At some sections, people get down to a next stage of the reconstruction. For the first time, Belarusian enterprises became contractors after winning the international contest. The highway will have split-level intersections, and reinforced concrete barrier will be installed for the first time in Belarus. This will allow increasing the speed limit for light motor vehicles up to 120 km/h.

20.10.2016

Belarus, Russia discuss Union State budgetary performance
Belarus, Russia discuss Union State budgetary performance Every ruble from the Union State budget should be spent effectively. This is required by the slowdown in economic activity in various sectors. This is the outcome of the meeting of representatives of the State Control Committee of Belarus and the Accounts Chamber of the Russian Federation. On October 20, they discussed by videoconference how the Union State budget is being executed.  The sides noted that the current level of financial control bodies of the two countries is a way to enhance the integration and achieve common goals.
Belarus experiencing renaissance in trade relations with Europe, Vladimir Ulakhovich says
Belarus experiencing renaissance in trade relations with Europe, Vladimir Ulakhovich says Belarus is experiencing a "renaissance" in trade relations with Europe, said today chairman of the Chamber of Commerce and Industry of Belarus. One of the forms that is most attracted to foreign partners is industrial cooperation. It will allow producing more quality products and developing ways to enter new markets. Meanwhile, there are some problems in the field of foreign trade. For example, exceptions and limitations.

19.10.2016

International Forum on Banking Information Technologies opens in Minsk on October 19
International Forum on Banking Information Technologies to open in Minsk on October 19 Reduced circulation of paper documents, introduction of digital technologies in the banking sector, as well as use of the Internet for business will be the key themes of the annual forum that will start in Minsk on 19 October.  The largest banks of Belarus will share with colleagues from the CIS their view of the further development of payment systems. Cash remittances, online purchases, mobile payments and banking cards are technologies with which the majority of Belarusians are already familiar.

18.10.2016

Belarusian NPP to get ecological passport
Belarusian NPP to get ecological passport The Belarusian nuclear power plant will get an ecological passport. Experts from Belarus and Russia have conducted a joint monitoring of the construction of a nuclear power plant in Ostrovets and data that environmentalists got will form the basis of a new document. The entries will be made to help compare data on the environment after the launch of the station. Experts have stressed the openness of Belarus in the provision of information as well as its availability.
Belarus and Tatarstan sign cooperation development plan for 2017-2020
Belarus and Tatarstan sign cooperation development plan for 2017-2020 Cooperation in the field of machine tools may become profitable for Belarus and Tatarstan. This was discussed at a meeting of the Prime Minister of Belarus, Andrei Kobyakov, with Rustam Minnikhanov, who is visiting Belarus. Tatarstan will soon begin a large-scale modernization of the aviation plant and other engineering companies. Therefore, the foreign visitors are determined to cooperate with Belarus in the industry.
Alexander Lukashenko meets with Tatarstan president Rustam Minnikhanov
Alexander Lukashenko meets with Tatarstan president Rustam Minnikhanov Industry, construction and innovation are the areas that should play the main role in economic cooperation between Belarus and Tatarstan, said Alexander Lukashenko October 18 meeting with the head of the republic of Tatarstan Rustam Minnikhanov. In recent years, the bilateral trade has fallen slightly in value terms , in 2015 by a quarter. The sides posted a trade of $878 million. However, the potential for economic cooperation is much higher. And, by the way, the physical volumes of trade continue to show good dynamism.
Tatarstan president visiting Minsk
Tatarstan president visiting Minsk The president of Tatarstan has come to Minsk to discuss the prospects for the development of comprehensive cooperation. High-ranking officials and heads of major regional enterprises have arrived together with the head of the Russian region. Among the plans during the visit are negotiations with the leadership of Belarus and visits to the Park of High Technologies, as well as a number of industrial enterprises.

17.10.2016

Affiliated enterprise of Belarusian potash company opens in Ukraine
Affiliated enterprise of Belarusian potash company opens in Ukraine Affiliated enterprise of the Belarusian potash company has opened on in Ukraine on October 17. The main goal is to expand the presence on the market. A country with a large sector of agricultural sphere is a prospective market for Belarus. This new enterprise will help to reach a new level of cooperation with consumers of mineral fertilizers and to increase the number of shipments. Today, Belarusian potassium is purchased in every second country. The fifth part of the world’s export belongs to the Belarusian potash company.
Oil and gas disagreement between Belarus and Russia: Negotiations and new way of calculating gas prices
Oil and gas disagreement between Belarus and Russia: Negotiations and new way of calculating gas prices Belarus and Russia made a compromise in the argument about oil and gas prices. Parties managed to agree on a mutually beneficial supply and transit of oil and a new mechanism for calculating the gas price. As the Ministry of Energy confirmed, in the coming days they will compensate for the gas that was received but wasn’t paid in full. Russia introduces the mechanism of the so-called inter-budgetary compensation.
Head of Raiffeisen Bank International about cooperation between Belarus and Austria
Head of Raiffeisen Bank International about Belarus-Austria cooperation A week ago, the President raised a very important and controversial economic topic in the Oval Hall. The topic was related to the disagreement between Russia and Belarus on gas prices. Everybody has his own truth, but Moscow conceded in the argument. Thus, the gas price is reduced for Belarus, which is fair enough from the point of view of the Eurasian integration. Nevertheless, the location of Belarus makes us look at different sides. For instance, today, Belarus has the same turnover with the EU as it has with Russia.

16.10.2016

IAEA experts: Belarus is leading nuclear newcomer
IAEA experts: Belarus is leading nuclear newcomer The IAEA experts named Belarus the leading nuclear newcomer. The results of the IAEA mission were published by the UN News Center. Within two weeks the mission has conducted a comprehensive assessment of the regulatory infrastructure in the field of nuclear and radiation safety of Belarus. The experts visited the construction site of the Astravyets NPP and they checked the legal and regulatory framework of nuclear and radiation safety of Belarus.

15.10.2016

Andrei Kobyakov’s working visit: examples of industrial recovery
Andrei Kobyakov’s working visit: examples of industrial recovery The agricultural industry of Belarus is expecting a financial recovery. A number of the President’s decrees include precise measures. Ministries, banks and agricultural enterprises are working hard on that matter. On October 14, the situation in the Gomel district was reviewed on a particular example. The development of joint enterprise Mikhailovskoye-Agro is slowed down because of its old debts. Annually, the enterprise pays back about 1 billion rubles. The terms of the debt payment will be changed after December 1.
IAEA mission about Belarusian nuclear power plant
IAEA mission about Belarusian nuclear power plant The IAEA is satisfied with the positive experience of Belarus during the construction of a nuclear power plant. On October 14, the Integrated Regulatory Review Service (IRRS) team concluded a 2-week mission in Belarus. During that time, the IRRS mission assessed the regulatory framework for nuclear and radiation safety. In addition to the site of the Astravyets NPP, the mission visited the Joint Institute for Power and Nuclear Research Sosny and the National Medical Rehabilitation Hospital.

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