You are here

Economy & business

28.04.2016

Belarus President: Joint ventures can be created in Indonesia
Belarus, Indonesia should establish joint ventures, Alexander Lukashenko says Belarus proposes to set up joint ventures in Indonesia. Alexander Lukashenko met with the Defense Minister of that Asian state on April 28. There are no forbidden topics in the two nations' relations. Moreover, Belarus is ready to develop cooperation not only in the military-technical, but also in the civil sphere. The ultimate goal is the export of technologies that will create a joint product for implementation in the region.
More charging stations for electric cars to appear in Belarus after NPP launch
More charging stations for electric cars to appear in Belarus after NPP launch Belarus will make more use of electricity. This resource will be in excess after the launch of Belarus' own nuclear power plant. One of the global trends is electric vehicles. For now they are a rarity in Belarus, as well as infrastructure for the maintenance of the environmentally friendly transport. Fyodor has been using a hybrid car for almost a year and compares his car to a mobile phone powered by the plug.

27.04.2016

Sudan insterested in Belarusian medical technologies
Sudan insterested in Belarusian medical technologies Belarus will help Sudan in the development of the nuclear industry and the construction of infrastructure. The countries signed April 27 an agreement on cooperation in science and technology, agriculture and industry. In particular, Belarus is ready to share experience in the development of nuclear energy programs and assist in the preparation of personnel in the energy sector. The Sudanese partners would like to receive the assistance of Belarusian specialists in oil exploration. 
Unique agromobil to be presented at Belarusian Industrial Forum
Unique agromobil to be presented at Belarusian Industrial Forum More than 200 scientific developments and pieces of new technologies will be presented at the Belarusian Industrial Forum. The exhibition of achievements and innovations will open in Minsk on May 3. The main feature of the event will be energy-efficient innovations that will allow producing and saving at the same time. The Belarusian National Technical University will show guests of the forum and its potential investors an exclusive development - an agromobile.
Mohamed Zayed Awad and Vladimir Potupchik
Belarus to help Sudan in energy sector staff training The Belarusian Foreign Ministry has signed a cooperation agreement with the Sudan today. It is planned that Belarusian specialists will help design energy facilities in that African country and improve the skills of specialists in this field. The focus is primarily on agriculture, industry, energy and healthcare.
Sudan, Belarus to sign cooperation agreement April 27
Sudan, Belarus to sign cooperation agreement April 27 Belarus will sign an agreement on cooperation with Sudan on April 27, which is part of the country's efforts to reach the farthest countries in an attempt to find new markets.  The focus is on the spheres of trade, industry and power generation. It is planned that Belarusian specialists will assist in the design of energy facilities and help improve the skills of Sudanese power engineers.

26.04.2016

Alexander Lukashenko visits Chernobyl-hit areas of Belarus on April 26
Belarus President calls new economic development program realistic April 26, the Belarus head of state answered questions from journalists. One of them concerned the holding of the 5th All-Belarusian People's Assembly. Alexander Lukashenko called "realistic" the new program of social and economic development of Belarus for the next 5 years.
Sudan may start to assemble Belarusian tractors
Sudan may start to assemble Belarusian tractors An assembly facility for Belarusian agricultural equipment will appear in Sudan. Cooperation in various fields was discussed April 26 by representatives of that African country at a meeting with Belarusian businessmen.  In addition to trade, Sudanese partners are interested in exploration, primarily in the field of oil extraction.
New Belarusian banknotes to boast unique protection system
New Belarusian banknotes to boast unique protection system New Belarusian currency notes are to be among the most protected in the world. One will be able to determine their authenticity not only traditionally, by touching or looking at watermarks. Separately, each note will have a kind of relief and a special mark for the visually impaired.  Banknotes worth 200 and 500 rubles will be marked by optically variable ink, while notes worth 50 rubles and up will use the unique protection system MASK.
Mikhail Myasnikovich meets Ilham Aliyev to discuss operation of Belarusian-Azeri joint companies
Mikhail Myasnikovich meets Ilham Aliyev to discuss operation of Belarusian-Azeri joint companies Belarus and Azerbaijan are implementing new investment projects. Chairman of Belarus' upper chamber of the parliament Mikhail Myasnikovich and President of Azerbaijan Ilham Aliyev met in Baku on April 25 to talk over the operation of the joint companies. The two nations enjoy multifaceted cooperation. It is not only trade, but also the creation of joint companies.  It was noted that inter-parliamentary cooperation contributes to the successful development of bilateral relations in political and economic sphere.

25.04.2016

Belarus, Tajikistan to discuss economic cooperation prospects
Belarus, Tajikistan to discuss economic cooperation prospects Belarus and Tajikistan will discuss prospects for economic cooperation. An intergovernmental commission, which will meet in Dushanbe April 25, will be searching for new paths for development of the bilateral partnership.  In addition, the parties plan to consider the implementation of joint projects in industrial cooperation and agriculture.

24.04.2016

Belarusian nuclear power plant
Yukiya Amano: Belarus is the most prepared among world nuclear club newcomers Unlike Ecuador, experts say, Belarus is not prone to serious earthquakes. Therefore, the country can safely construct tall buildings and even a nuclear power plant. But even despite all this, the NPP design takes into account safety measures against 8-point earthquakes and is able to withstand an aircraft crash, a flooding and even a tsunami. IAEA Director General Yukiya Amano himself saw the construction site in Ostrovets. Alexandra Kulakova continues the topic.

21.04.2016

Alexander Lukashenko criticizes work on Chinese-Belarusian industrial park
Alexander Lukashenko criticizes work on Chinese-Belarusian industrial park The current year must be crucial in overcoming the negative trends in economy, said President Alexander Lukashenko addressing the Belarusian people and the National Assembly. The principles of economic development are first of all diversification of export, reduction of production costs by 25%, creation of 50,000 jobs and the development of agriculture. The economy must take the path of innovative development.
Belarus' upper chamber may ratify friendship and cooperation treaty with Pakistan
Belarus' upper chamber may ratify friendship and cooperation treaty with Pakistan At the moment, the Council of the Republic is holding a meeting of its 11th session. Among the matters on the agenda is the draft law on export control and amendments to the law on the organization and conduct of public examinations. Members of the Council of the Republic will also focus on the instrument of ratification of the treaty of friendship and cooperation between Belarus and the Islamic Republic of Pakistan. In May 2015, Alexander Lukashenko made the first official visit to Pakistan. At present, the two countries are sharing a lot of joint projects.
Belarusian industrialists about President's State of the Nation Address
Belarusian industrialists about President's State of the Nation Address In his address to the Belarusian people and the National Assembly, Alexander Lukashenko announced a strategic vector of development of the country for 2016. It will be a serious test for the entire vertical of power and management structures. The tasks set by the President form a direct guide to action for many. Industries, individual businesses and even each worker have clear instructions on what needs to be done.
President: 2016 should be decisive in dealing with negative economic trends
Belarus President: 2016 should be decisive in dealing with negative economic trends 2016 should become decisive in combating negative trends in Belarus' economy, said President Alexander Lukashenko today in his State of the Nation Address to the Belarusian people and the National Assembly. The Head of State drew attention to the fact that in the last few years, the pace of development in the economy slowed down a bit. And although this is mainly down to external factors, one needs to work at home to resolve the issues.

20.04.2016

Belarusian companies offered industrial Internet
Belarusian companies offered industrial Internet Technical re-equipment of enterprises, information technology in industries and virtual product testing were the topics of the Belarusian-German forum held in conjunction with the IT exhibition TIBO 2016. The forum gathered representatives of about 50 leading Belarusian enterprises. Large foreign companies held a master class during which they shared modern techniques. For example, production technologies of the future and the introduction of industrial Internet. They allow increasing labor productivity and reducing costs.

19.04.2016

IAEA Director General visits Ostrovets NPP in Belarus
IAEA's Yukiya Amano impressed with Belarus' Ostrovets NPP Belarus' President Alexander Lukashenko and IAEA Director General discussed the security and economy of the peaceful atom. The sides noted the high level of cooperation in this sphere. Yukiya Amano visited today in Ostrovets (Astraviec), where he shared impressions of the most large-scale construction of our country.
Belarus premier urges to use innovation potential in economic policy
Belarus premier urges to use innovation potential in economic policy The potential of the national innovation system should be fully used when solving the most important social and economic problems, said April 19 Belarus' premier Andrei Kobyakov at the meeting of the Presidium of the Council of Ministers of Belarus.
Vladimir Semashko: Nuclear power plant construction on schedule
Vladimir Semashko: Belarus' nuclear power plant construction on schedule The construction of the Belarusian nuclear power plant is going according to plan, said Deputy Prime Minister Vladimir Semashko. On April 19, leading energy experts from Belarus and Russia, as well as the IAEA director general met in the Belarusian capital. The main topic of discussion was the construction of the NPP in Ostrovets. Its first unit is going to be launched by the end of 2018 and the second by July 1, 2020. According to experts, the construction of the NPP will contribute to the rise of the technological and scientific level of the country.
How did 2016 begin for Belarus' economy?
How did 2016 begin for Belarus' economy? Alexander Lukashenko demands that the government regroup in solving the tasks of socio-economic development of Belarus. On April 18, the head of state was presented a report on the results of the work of all sectors in Q1 2016.  The event turned out to be really large-scale. 73 participants were sat in one of the largest halls of the Palace of Independence. These are chiefs of the National Bank, the Government, regional executive committees and the Minsk executive committee. 
Belarus President meets Secretary General International Telecommunication Union Houlin Zhao
Belarus President meets Secretary General International Telecommunication Union Houlin Zhao Belarus will continue active cooperation with the International Telecommunication Union, stated Alexander Lukashenko at a meeting with Secretary General of the Organization Houlin Zhao. Informatization is the foundation for a modern economy. Our country has recently made significant progress in this direction. In the ITU ranking, Belarus occupies 36th place among the 193 member countries. Alexander Lukashenko pointed out that Belarus is not going to scale back its efforts to develop in this area.

18.04.2016

Belarus faces birch sap supply glut
Belarus faces birch sap supply glut Belarusian specialists point out oversupply of birch sap. The market is glutted, with demand lagging behind supply. However, there is still potential to increase sales. The main processor of birch sap in the Mogilev region is Bykhov Canning and Vegetable Dehydration Plant. The sap of the current year is not a priority because warehouses are full of last year's goods. This could be a marketing miscalculation, experts note.
Valuable fish breeding in Belarus
Valuable fish breeding in Belarus: technologies and goals Valuable fishes are bred in Belarus. The trout is among them. Nowadays, there are special farms where 50-gram trout fries are bred.  The farms use advanced technologies for the fries to get this size. This is a paradise for fishermen. However, fishing is forbidden here. The farm on the Sula river breeds trout in an industrial scale. It was founded in February and has already sold 12 tons of the valuable fish. The farm’s capacity allows producing of more than 130 tons a year.
Belarus President holding meeting on economic situation and measures to increase its efficiency
Belarus President demands government address economic issues more efficiently The President of Belarus requires the highest officials, the government, the National Bank and the governors to better solve socio-economic problems the country faces. A large-scale meeting is being held at the Palace of Independence.  Taking part in the meeting are more than 70 people. The agenda includes two major tasks - to summarize the work in Q1 2016 and identify measures to increase economic efficiency.
Belarusian flax for textile capital of Russia: Alexander Lukashenko meets with Ivanovo region governor
Belarusian flax for textile capital of Russia: Alexander Lukashenko meets with Ivanovo region governor The increase in turnover and the supply of products with high added value. Alexander Lukashenko and governor of the Ivanovo region of Russia discussed the prospects of cooperation at a meeting on April 15.

17.04.2016

16.04.2016

Belarusian, Afghan businessmen discuss cooperation prospects
Belarusian, Afghan businessmen discuss cooperation prospects Belarus and Afghanistan are seeking for ways of mutually beneficial cooperation. Negotiations between the two sides were held in Minsk on April 15, 2016. Representatives of Afghan oil and gas industry, building, power engineering, pharmacology, and IT arrived to the Belarus capital. Foreign guests are interested in strengthening and expanding economic cooperation. Thanks to the Eurasian integration of Belarus, this cooperation could be a success.

14.04.2016

Motorway service in Belarus: what do Belarusian highways lack?
Motorway service in Belarus: what do Belarusian highways lack? A plan for the development of motorway service until 2020 has been created in Belarus. It covers all the regions, and special attention is paid to national roads. The topic of service industry was raised during the meeting of the Belarus government on April 12. Transport workers will have to create decent conditions for obtaining necessary services.
Latvia interested in Belarusian products and tractors
Latvia interested in Belarusian products and tractors One of WTO nations Latvia today offers Belarus to increase the mutual supply of food. The heads of the agricultural departments of the two countries met today to discuss closer cooperation. Latvia is also interested in Belarusian agricultural machinery, in particular, the supply of tractors.
Belarus' Agriculture Ministry mulling over benefits from WTO accession
Belarus' Agriculture Ministry mulling over benefits from WTO accession Export of Belarusian milk has grown by 12% and meat by 20% in Q1 2016. Such figures were voiced by the Ministry of Agriculture and Food. The largest share of domestic products is exported to Russia. The goal is to develop the Russian direction but, most importantly, to find new markets for exported goods.  At the moment, the ministry is working on ways to seamlessly harmonize Belarus' agro-industrial complex with WTO rules.

13.04.2016

Belarus counts on Eurasian Economic Union members in WTO accession
Belarus counts on Eurasian Economic Union members in WTO accession Belarus counts on the support of Eurasian Economic Union (EEU) partners when joining the WTO, said Belarus Prime Minister Andrei Kobyakov in Moscow at the April 13 meeting of the Eurasian Intergovernmental Council. The President of Belarus earlier made a solid decision that the country needs to intensify substantially WTO accession negotiations.  The Prime Minister said that the government will hold in the near future a series of meetings with members of the WTO and prepare an updated set of negotiating proposals.
Belarus, Russia preparing for 3rd Forum of Regions
Belarus, Russia preparing for 3rd Forum of Regions Belarus and Russia are preparing for the 3rd Forum of Regions. At this moment Minsk is hosting a meeting of the joint organizing committee. The forum of regions is one of the major events in the life of the Belarus-Russia Union State. It will take place in Minsk in early June. This will be the third such meeting, which involves parliamentarians, governors and heads of departments and agencies.
Future of Eurasian Economic Union to be discussed in Moscow
Future of Eurasian Economic Union to be discussed in Moscow The Summit of heads of government of the Eurasian Economic Union (EEU) will be held in Moscow on April 13. The upcoming meeting will discuss the state and prospects of further development of the EEU. In the spotlight is trade, fiscal policy, industry and technical regulation. In general, among the priority directions of development of Eurasian integration is free movement of goods, services, capital and labor.

12.04.2016

Fees for parcels to Belarus to take effect April 14
Parcel fees in Belarus to take effect April 14 Fees for parcels from abroad in Belarus will take effect on April 14, said the Customs Committee of the country April 12. The duty-free import of goods amounts to 22 euros per month. The maximum weight is 10 kilograms. This is assuming that people order things for personal use. The fee, 30% of the sum that exceeds the limit, is paid when the abovementioned parameters are exceeded. Plus, 5 euro will be charged as a customs duty, regardless of the price and weight.
Small business showing tighter cooperation with Belarusian light industry
Small business showing tighter cooperation with Belarusian light industry A growing number of private entrepreneurs are now willing to cooperate with Belarusian light industry companies in the Minsk region. High quality helps make the right choice in favor of Belarus. For example, small business contributed to over 5% of the income of one of the Soligorsk hosiery manufacturers in 2016.
Belarus-made parts to make up 50% in Geely cars
Belarus-made parts to make up 50% in Geely cars Belarusian-Chinese cars will consist of half of Belarus-made details until the middle of 2018. For this, a new plant for the assembly of cars is being built near Borisov.  The production capacity will amount to 120,000 copies a year. Its construction began in April 2015. So far, everything has been going on according to schedule. The plant is going to be commissioned 1 January 2017. Geely cars are supplied to the market of Belarus, Russia, and Kazakhstan.
Over $10 million: export potential of Belarusian space developments
Over $10 million: export potential of Belarusian space developments The service life of the Belarusian space vehicle will be extended. Onboard systems, according to experts, are in good condition. Earlier it was planned that the vehicle will return to earth in 2017 but now it the return was rescheduled for 2018. Then experts will decide whether the satellite is ready to continue work. Fuel reserves will last approximately 3-4 years. On Cosmonautics Day, the CTV channel offers you a report on Belarusian space achievements.
Belarus PM about economy's operation after retirement age raised
Belarus PM about economy's operation after retirement age raised Belarusian Prime Minister Andrei Kobyakov told media how the Belarusian economy will be operating after the raising of the retirement age.
Belarus to develop national system of satellite communication and broadcasting
Belarus to develop national system of satellite communication and broadcasting Belarus intends to follow the path of integration into the world information space and develop the national satellite broadcasting system.  This task was set by President Alexander Lukashenko during his April 12 visit to the Center for Space Communications in the village Stankovo, ​Dzerzhinsk district. On the Day of Cosmonautics, Belarus launches ground satellite control system for Belintersat-1. This is the first Belarus-made unit designed for the transmission of television and radio, as well as providing access to the Internet.

11.04.2016

Belarusian light industry increasing export
Belarusian light industry increasing export Sewers from Minsk region are increasing deliveries abroad. Russian vendors are lining up for a new collection of school uniforms. Salihorsk manufacturers plan to fully meet the needs of their loyal partners by the end of April. In May, the new collection will be shipped to the Belarusian market. The first school skirts will appear on the shelves of local stores by June 2016. More than 180 models were developed for the next academic year. The range is not limited to children's clothing only.
Why fast money in Belarus is no longer profitable
Why fast money in Belarus is no longer profitable Income from money in banks in developed countries is minuscule - less than 1%. However, loans are also cheap. In general, money should work in the economy. One of the ways to do it in Belarus' current situation is to borrow money from the people for a guaranteed long term. Banks offer high interest on these deposits. If people place money only for a short term, they have to pay incomes from the income.
Belarus President signs decree increasing retirement age by 3 years by 2022
Belarus President signs decree increasing retirement age by 3 years by 2022 Belarus will be gradually increasing retirement age, by three years for both men and women. The corresponding decree was signed by the head of state.  According to the document, the retirement threshold will increase gradually - by six months per year. The system will change according to this algorithm in the next 6 years, beginning from January 1, 2017.  As an outcome, women will retire at 58 and men at 63 by 2022.
Alexander Lukashenko wants to give MAZ new face
Alexander Lukashenko wants to give MAZ new face Belarus uses domestic equipment in the fields. It is not just pleasing to the eye, but also creates a sense of security (for example, food security) and pride. After all, the tractor Belarus is not only a helper in the field but a brand of the country in many regions of the world. And probably this is why Belarusian authorities treat traditional Belarusian brands with such reverence. Even if some say that MAZ is a distressed asset. President Lukashenko is convinced that Belarus needs to retain "the face of the assembly shop" (as the country is sometimes referred to).
UNDP to help train new types of managers in Belarus
UNDP to help train new types of managers in Belarus A new joint educational project of the United Nations Development Program, the Belarusian Presidential Administration and the Academy of Public Administration under the aegis of the President will help train leaders of the new type.  The project is designed to run for 3 years. The project will help prepare professional and enterprising young managers.
Sowing campaign 2016 in Belarus: about 10,000 pieces of equipment working in fields
Sowing campaign 2016 starts in Belarus: about 10,000 pieces of equipment involved People are worried about serious topics, like security in their own countries and in the world, oil prices and the division of the political map. We will talk about it all today, of course, taking into account the latest events. But global processes do not prevent us from enjoying the bright moments of our life.

10.04.2016

Pavel Kallaur, Chairman of the National Bank of Belarus
Head of Belarus' National Bank about inflation targets and de-dollarization of economy Chairman of the National Bank of Belarus was among the senators and discussed socio-economic development plans of the country. During the discussion, he was asked about a recent banking innovation. From 1 April, Belarusians who place money on a bank deposit for a short period will have to pay tax. How did depositors react to this? We asked Pavel Kallaur and he answered much wider, touching on the whole history of the problem, starting from January 2016, when the Belarusian
Belarus Premier presents government's action program for 2016-2020
Belarus Premier presents government's action program for 2016-2020 Pragmatism of Belarus' relations with foreign countries should be based on the government's economic strategy. On Tuesday, Prime Minister Kobyakov presented in the Oval Hall the program of the government's activities for the coming years.

09.04.2016

Violetta Brezovskaya, head of Trade and Services Organization Department of Belarus’ Trade Ministry
Redenomination in Belarus: how will prices change? New banknotes are to appear in Belarus on July 1, 2016. According to recommendations given by Belarus’ Trade Ministry, many shops and shopping centers are already using updated price tags displaying prices in the BYR and BYN money equivalents. Violetta Brezovskaya, head of Trade and Services Organization Department of Belarus’ Trade Ministry, has explained to the CTV channel all the nuances of the forthcoming redenomination campaign. How many face values will we have taking into account the old money?

07.04.2016

Belarus President visits MAZ, sets specific tasks for all machine-building market players
Belarus President visits MAZ, sets specific tasks for all machine-building market players Investments will be granted only for goods due to be sold in specific markets. Such a condition was set by the Belarus President on 7 April.  Alexander Lukashenko got acquainted with the newest pieces of machinery produced in our country, and, of course, asked about the state of affairs in the engineering industry as a whole. The head of state then talked to the staff of the enterprise. He answered people's urgent questions.
Belarusian Foreign Ministry to coordinate WTO accession
Belarusian Foreign Ministry to coordinate WTO accession The bodies of state administration of Belarus should intensify work on the country's accession to the World Trade Organization, reads a decree adopted by the Government. The Ministry of Foreign Affairs has been selected a coordinator of the process.  WTO membership is seen as a tool for greater integration of Belarus into the multilateral trading system and an additional incentive for economic growth.
Belarus President for keeping major machine-building giants
Belarus President for keeping major machine-building giants Investments for the development of Belarusian mechanical engineering will be provided only if specific markets for these goods are found, said April 7 President of Belarus Alexander Lukashenko visiting Minsk Automobile Plant. The head of state was informed about the situation in mechanical engineering in general. At MAZ, the President got acquainted with the exhibition of the latest equipment models produced in Belarus. In recent years, there have been difficulties with sales because of demand reduction. Now the main task is to search for access to new markets.
Public sector salaries to increase in Belarus
Public sector salaries to increase in Belarus Belarus will increase public sector salaries. On April 7, it became known that the first class salary rate is increasing. Its size from April 1 will stand at BYR 298,000.  This rate is used in Belarus for the calculation of salaries of public servants and persons equivalent to them. Last time the first class salary rate changed in January 2016.
Alexander Lukashenko visiting Minsk Automobile Plant (MAZ) on April 7
Alexander Lukashenko visiting Minsk Automobile Plant (MAZ) on April 7 New models of machinery and new sales markets were discussed during the visit of the Belarus President to Minsk Automobile Plant (MAZ) on April 7. Alexander Lukashenko asked about the development of mechanical engineering. The whole range of the manufactured products was presented at an improvised exhibition. The Head of State was informed about the results of financial and economic activities and MAZ's prospects.

06.04.2016

Belarus is to join the WTO: what are the consequences?
Belarus is to join the WTO: what are the consequences? The question of Belarus entering the World Trade Organization was discussed in Minsk earlier this week. Having discussed all the pros and cons, a positive decision was made. The Belarus Head of State is in favor of reinvigorating the negotiations. Alexander Lukashenko insists that the main principle should be respect for the national interests. How will Belarus benefit from entering the organization?
Belarus' MPs, businessmen set to visit India
Belarus' MPs, businessmen set to visit India A parliamentary delegation and businessmen of Belarus are preparing a visit to India with business proposals and export projects. A meeting took place on April 6 in the Council of the Republic to discuss Belarus' export capabilities in India. The key areas of cooperation are science, pharmaceutical, military-technical sphere, as well as export of Belarusian quarry equipment. A business forum to expand cooperation between Belarus and India will be held during the delegation's visit.
Belarus' foreign trade legislation to be harmonized with Eurasian Economic Union
Belarus' foreign trade legislation to be harmonized with Eurasian Economic Union Belarusian legislation in the sphere of foreign trade will be brought into line with the Treaty on the Eurasian Economic Union (EEU), reads a decree signed by the head of state. In order to protect the interests of Belarusian producers Belarus has agreed issues of distribution of tariff quotas in respect of certain types of agricultural products that are imported from third countries into the EEU territory.
IMF, World Bank experts to study Belarus' financial system
IMF, World Bank experts to study Belarus' financial system World Bank and International Monetary Fund experts will study the financial system of Belarus. The joint mission has already got down to work. It will stay in Belarus until 21 April. During this time the foreign experts will meet with representatives of Belarus’ state bodies, banks and insurance companies. The large-scale monitoring will result in experts’ recommendations on the increasing of effectiveness of the financial sector.  
Belarus' lower chamber of parliament approves government activities program for 2016-2020
Belarus' lower chamber of parliament approves government activities program for 2016-2020 The government's strategy of activities for a five-year term has been approved by the House of Representatives. The document presented by Belarus' Prime Minister Andrei Kobyakov. It outlines the directions, measures and mechanisms according to which the authorities plan to develop the economy of Belarus. Valentina Zheleznaya knows the details of how the voting took place.

05.04.2016

Andrei Kobyakov: Share of Belarus’ export to promising markets to double by 2020
Andrei Kobyakov: Share of Belarus’ export to promising markets to double by 2020 The share of Belarus’ export to new promising markets will almost double by 2020, said on April 5 Prime Minister of Belarus presenting the program of activities of the government for the next 5 years. The document was developed in conditions of high external geopolitical uncertainty, commodity and economic factors. Therefore, the program retains the flexibility of fiscal, monetary and foreign trade policy. The Belarus government plans to develop all of its regions in accordance with their specialization.
International trade fair of foundry and metallurgical technologies opens in Minsk
International trade fair of foundry and metallurgical technologies opens in Minsk Industrial countries should focus on the world's best developments. This matter was discussed on April 5 at the opening of the international industrial and technological exhibition in the capital. With regard to the development of machine-building industry, Belarusian companies are holding talks not only with Russian firms, but also with companies from Europe, America and South Korea.

04.04.2016

Belarus plans to achieve single-digit inflation rate by 2017
Belarus plans to achieve single-digit inflation rate by 2017 Belarus plans to achieve an inflation lower than 10% already in 2017. The social and economic development of Belarus for the next 5 years was discussed on April 4 by the Council of the Republic, the upper chamber of Belarus' Parliament.  According to forecasts, by 2020, the task is to limit the inflation rate to 5%. In 2015, the inflation figure stood at 12%.
Belarus upper chamber to discuss competitiveness of Belarusian economy
Belarus upper chamber to discuss competitiveness of Belarusian economy On April 4, the Council of the Republic will continue to work on the program of socio-economic development of Belarus until 2020. Taking part in the discussion of the document will also be regional, city and district councils of deputies.  Speeches on the issue will be delivered by Deputy Prime Minister Mikhail Rusyi, chairman of the National Bank Pavel Kallaur and Minister of Labour and Social Protection Marianna Shchetkina.

03.04.2016

Gabriela Rivadeneira about Ecuador's interests in Belarus
Gabriela Rivadeneira about Ecuador's interests in Belarus During her visit to Minsk (and she has a tight schedule) Ecuador parliament's speaker Gabriela Rivadeneira found time for an interview with the TV program Picture of the World with Yuri Koziyatko.
Gabriela Rivadeneira in Minsk, Belarus
Head of Ecuador National Assembly visits Minsk Belarus continues work to enter new markets. The Belarusian outpost in Latin America was first established in Venezuela, but with the passing of a great friend of Belarus Hugo Chavez that post became frankly weak. However, Belarus has another promising ally called Ecuador. An atmosphere of understanding is created by a number of factors, among which is similar political rhetoric. The presidents of the two countries exchanged visits. And this week it was the head of the National Assembly of Ecuador, Gabriela Rivadeneira, who visited Minsk.

01.04.2016

Minsk, St. Petersburg to invigorate implementation of joint projects
Minsk, St. Petersburg to invigorate implementation of joint projects New horizons for close cooperation. Minsk and the northern capital of Russia intend to actively develop joint activities in science and technology, education, tourism and culture. On April 1 a delegation from St. Petersburg visited Minsk. The visit was timed to the forthcoming Day of Unity of the Peoples of Belarus and Russia.
New prices in Belarusian shops ahead of July 1 redenomination
New prices in Belarusian shops ahead of July 1 redenomination On April 1, new double price tags appeared in some stores and restaurants of Belarus. This is due to the forthcoming redenomination. The tags contain usual and "updated" value of goods. Changing the price tags will be gradual. The redenomination will be held on 1 July 2016. Four zeros will disappear from Belarusian banknotes. For the first time in the independent history, Belarus will get coins. Buyers:In principle, we read news every day, so we know that this was going to happen.
Belarus receives Bulgarian MPs for first time over last 10 years
Bulgaria may cancel visas for Belarusian schoolchildren Topics from economy to tourism were touched on during the visit to Belarus of a Bulgarian parliamentary delegation, the first one in the last 10 years. Negotiations have already been held in the House of Representatives. The sides signed a memorandum of cooperation. The meeting dealt with the improvement of the legal framework between the states. Bulgaria relies on the development of tourism and makes no secret of its interest in bringing Belarusians to its resorts.
Belarus reduces refinancing rate to encourage economic growth
Belarus reduces refinancing rate to encourage economic growth From April 1, the National Bank of Belarus reduces the refinancing rate from 25% to 24% per annum.  According to the Bank, the decision was taken to create incentives for economic growth as well as make loans more affordable. Reduced rates by 1 percentage point will make them more attractive to the public. Last time the refinancing rate in Belarus changed January 9, 2015. It was increased by 5 points to 25%.

31.03.2016

Minsk, Novosibirsk discuss economic cooperation
Minsk, Novosibirsk discuss economic cooperation The mayors of the two sister cities, Minsk and Novosibirsk, discussed the prospects of cooperation on the last day of March during a videoconference. The teleconference was timed to the anniversary of the signing of the first agreement on the establishment of the Union State of Russia and Belarus.
Belarus to get another "Silicon Valley"
Belarus to create another "Silicon Valley" Another "Silicon Valley" will appear in Belarus. It is scheduled to open in Mogilev by the end of 2016. The business incubator will focus on the attraction of companies working in the field of electronic and computer industries. It also will invite high-class IT specialists and attract venture capital firms who are ready to actively invest in the IT. In the future, similar mini-branches of the business incubator will be set up in several cities and regional centers of the Mogilev region.
UN special project: innovative approach to small towns in Belarus
UN special project: innovative approach to small towns in Belarus An innovative approach to the development of small cities and towns will be implemented in 30 districts of Belarus. This will be possible thanks to a special UN project involving the six regions of the country.  Districts of Belarus will form local action groups, which will include local authorities, businesses and ordinary citizens. They will determine the unique characteristics and problems of their local region.
Alexander Surikov, Russian ambassador
Russian ambassador: Industrial cooperation with Belarus positive Belarus and Russia will continue to develop cooperation. As noted on March 31 by Ambassador Extraordinary and Plenipotentiary of Russia to Belarus Alexander Surikov, the policy of industrial cooperation, started about 10 years ago, is giving positive results.  Now these processes cover about 8,000 enterprises in both countries. There are almost 40 Belarusian assembly production facilities operating in Russia. Some of them are large enough, for example, Bryanskselmash.

30.03.2016

Why small businesses prefer Belarusian products more and more
Belarus small businesses increasingly trust domestic products Installment payments and purchases in small lots. Belarusian light industry has offered a loyalty program for individual entrepreneurs. Since the beginning of 2016, small businesses have struck three times more agreements with the Belarusian Light Industry Concern than in the same period in recent years.
Andrei Kobyakov, Belarus Premier
Kobyakov: Belarus aims at long-term cooperation with Serbia Belarus is aimed at long-term and mutually beneficial cooperation with Serbia, said Belarus Prime Minister Andrei Kobyakov meeting with the Minister of Economy of Serbia Željko Sertić. In general, there is a positive trend in the economic relations of the two countries.  Trade turnover between the two countries in 2016 amounted to more than 253 million US dollars. Today, however, both Minsk and Belgrade are ready to cooperate further in many areas.
Belarus' Finance Ministry building
Belarus receives $500 million Eurasian loan tranche March 30 $500 million were received March 30 by the national budget of Belarus. The first tranche of the loan of the Eurasian Fund for Stabilization and Development has been allocated to Belarus.  The money will go to the reform program of the government's and the National Bank and will be particularly aimed at the creation of the macroeconomic prerequisites for economic growth and market reforms. Earlier, representatives of the bank said the money will be allocated in 7 tranches during 3 years.
What investment projects are being implemented in Minsk?
Major investment projects being implemented in Minsk Growth in the economy, the investment boom and the demand for new jobs... Minsk City Council deputies, at the 16th session, examined the most pressing issues for the Belarus capital. Experts conclude that more than a quarter of the gross regional product of Belarus was created in Minsk.  The Belarus capital today accounts for the highest rate of exports of goods and services. It already exceeds imports by more than $700 billion.
Belarus working with Serbia on expanding cooperation
Belarus working with Serbia on expanding cooperation The matter of expanding cooperation in Belarus these days is working actively with Serbia. On March 30, the sides will hold the next round of talks in the government. The delegation of the Balkan state is now in Minsk. It includes about 130 people. They are representatives of ministries and departments, as well as large enterprises.

29.03.2016

BelAZ plans to conquer Thai market
BelAZ plans to conquer Thai market BelAZ plans to enter the Thai market with its machinery. Two Thai companies are interested in Belarusian rock haulers. This became known after the first Belarusian-Thai business forum, held in Bangkok. With one of them, the Zhodino company has already signed a letter of intent and plans to jointly participate in the tender for the purchase of up to 38 giant machines. 
Belarus' accession to the WTO: pros and cons
Belarus' accession to the WTO: pros and cons Belarus will invigorate the negotiation process on accession to the World Trade Organization. This instruction was given on March 29 by President Alexander Lukashenko after the meeting to discuss Belarus' WTO accession. There are 162 World Trade Organization members nowadays. Even Belarus' partners in the Eurasian Economic Union (EEU) are there. However, now they need to adjust EEU regulations to WTO rules.
Serbia sees great potential in enhancing economic cooperation with Belarus
Serbia sees great potential in enhancing economic cooperation with Belarus Serbia sees great potential in enhancing economic cooperation with Belarus, said March 29 the Minister of Economy of Serbia. He headed the Serbian delegation, which includes representatives of the most important agencies and institutions in the field of engineering, science, construction, trade, and agriculture.
Belarus President questions need to join WTO
Belarus still on course to join WTO National interests should be the main argument when deciding on the accession of Belarus to the World Trade Organization. The Belarus head of state voiced his doubts concerning the accession of our country to the WTO. On the one hand, Belarus should integrate into the world trading system. On the other, it needs to protect its domestic interests.

28.03.2016

Alexander Lukashenko meets with Chairman of Ecuador National Assembly
Belarus President may visit Ecuador in 2016 Belarus is ready to strengthen trade-economic and political ties with Ecuador. This matter was discussed at a meeting between Alexander Lukashenko and President of the National Assembly of this country Gabriela Rivadeneira. According to the President of Belarus, the establishment of a close partnership will contribute to the improvement of the welfare of the two peoples. 
Belarusian birch sap to be supplied to Europe
Belarusian birch sap to be supplied to Europe District forestry companies have prepared the first thousand tons of birch sap. Mass gathering on an industrial scale began in the Grodno region. The local processing plants have prepared thoroughly for the new season. For foresters, this is a busy season: it is akin to harvesting for farmers. The juice period is just two weeks. Vitaly Yashkin, forester at Grodno forestry:In Grodno forestry, this year we prepare juice on 4 sites. We sell juice to people and enterprises.
Vadim Potomsky: Orel region should create a logistics center for Belarus
Vadim Potomsky: Orel region should create a logistics center for Belarus Governor of the Oryol region of the Russian Federation Vadim Potomsky has answered the questions of the presenter of the program Week on the CTV. What common ground can Belarus and Orel region have?

27.03.2016

Investments in Minsk: Belarus capital's popularity up in Europe Investors will now look at Minsk even closer. After all, recently, Belarus received two awards in France's Cannes. Minsk was included in two prestigious rankings: second place in the major European cities on the effectiveness of the cost of doing business, as well as in the top 10 largest cities with the best strategy to attract FDI.
2016 Forum of Belarus and Russia regions to be held in Minsk in June
2016 Forum of Belarus and Russia regions to be held in Minsk in June Representatives of 40 Russian regions will arrive in Minsk this June for the Forum of Belarusian and Russian regions, which will bring together the largest producers of the two countries. The main topic of the meeting will be the social policy and humanitarian cooperation. The second forum of regions in Sochi resulted in a weighty portfolio of agreements worth more than $250 million. This time, the organizers set a higher bar. Therefore, they plan to present the full industrial potential of Belarus.
Step-by-step retirement age rise in Belarus to finish 2023
Belarus to gradually reform pension system: solidarity approach debatable On Friday, the President held a regular meeting on the pension system and made some key decisions. Next week, the head of state is ready to sign the documents on a pension reform. And this reform will affect not only the retirement age. This is not a secret that Belarus was preparing to improve the pension system long ago. This is a forced step, because the labor market may lose balance. In 2017, 80,000-90,000 people may enter the working age, while nearly 1.5 times more working-age population are going to retire.

24.03.2016

Belarusian Potash Company increases share in world exports
Belarusian Potash Company increases share in world exports On March 24, Belarus President met with the Director General of Belarusian Potash Company to discuss the situation in the industry. In addition, the sides touched on the situation on world markets and the leading potash producers. BPC director general Elena Kudryavets reported that in 2015, the company exported more than 9 million tons of potash fertilizers. The figures are smaller than in 2014.  The world volume of exports fell almost 6% in 2015, according to the International Fertilizer Industry Association.
Eurasian Economic Union should be no worse than the EU, Alexander Lukashenko says
Eurasian Economic Union should be no worse than the EU, Alexander Lukashenko says The Eurasian Economic Union (EEU) should be no worse than the European Union, said the Belarusian President meeting with Chairman of the Board of the Eurasian Economic Commission to discuss integration processes in the framework of the EEU March 24. Tigran Sargsyan has been in the post since February. Before that, he was Ambassador Extraordinary and Plenipotentiary of Armenia to the United States and for six years was the Prime Minister of Armenia.
Development of alternative energy in Belarus: solar panels and solar power plants
Development of alternative energy in Belarus: solar panels and solar power plants The sun is an inexhaustible source of energy. If one competently uses all available natural resources, it is possible to receive considerable profit. So it is not surprising that many countries today are developing in this direction. The leader in the number of solar panels is Germany, and this despite the fact that the country has fewer than 30 statistically clear days per year. By the way, Belarus has the same number of clear days. But in this country, solar energy is only beginning to develop.
President Lukashenko: Belarus and Orel region to develop economic cooperation
President Lukashenko: Belarus and Orel region to develop economic cooperation Belarus and the Orel region of Russia intend to develop trade and economic cooperation. First of all in agriculture and industry, said March 24 Belarus President Alexander Lukashenko at a meeting with the governor of the Oryol region Vadim Potomsky.

23.03.2016

Belarus President approves maximum allowable tariffs for some utility services
Belarus President approves maximum allowable tariffs for some utility services Belarus has approved the maximum allowable tariffs for housing and communal services. The presidential decree, signed today, affects 14 positions. The financial burden for the population has significantly reduced after the recent utility services cost hikes in Belarus. 
Belarusian dump trucks and buses to be produced in Vietnam
Belarusian dump trucks and buses to be produced in Vietnam Belarusian dump trucks and buses will be produced in Vietnam. The Industry Ministers of the two countries signed an agreement on March 23 in Minsk. Two joint ventures will be based on already existing plants, where they will collect finished products from kits, which will come from Belarus. In 2016, the quota will be about 600 units.  By 2020, the localization will reach 40% and Belarusian presence in the ASEAN countries will expand.
Belarusian-Georgian business underway in Minsk March 23
Belarusian-Georgian business underway in Minsk March 23 The complementarity of the economies of Belarus and Georgia on March 23 is in the center of attention of the two countries' businesses. Minsk's National Library is hosting the Belarusian-Georgian business forum. Yesterday an agreement was reached by Belarus and Georgia to increase trade by 4 times, $200 million a year.
Belarusian-Georgian business forum to open at National Library on March 23
Belarusian-Georgian business forum to open at National Library on March 23 The development of the Belarusian-Georgian trade and economic cooperation. Today, on 23 March, a forum of business circles of the two countries will open at the National Library.  The meeting will be attended by Prime Minister of Georgia, who is now on a visit to Belarus. Businessmen will hold talks on export opportunities and import of goods, as well as discuss the creation of joint ventures.  One of the most interesting areas, according to Georgian business, is the IT sector.

22.03.2016

Tunneling shield to triple Minsk subway building productivity
Tunneling shield to triple Minsk subway building productivity Working non-stop, the mechanized tunneling shield Alesya, which is involved in the construction of the third line of the Minsk subway, has begun working around the clock.  Thanks to this circumstance, the complex will pass under the ground about 250 running meters a month, which is three times more than before.
Minsk to reduce import, support exporters
Minsk to reduce import, support exporters In Minsk is aiming at reducing import purchases, saving energy costs and supporting exporters, stated Deputy Economy Minister Alexander Yaroshenko. Experts say that export is increasing thanks to pharmaceutical and food industries as well as oil refining. Economic growth is forecast in the second half. According to the business plan, financial support will be considerable part of the functioning of the industries.
BelAZ trucks on one of CIS' largest quarries in Uzbekistan
BelAZ trucks on one of CIS' largest quarries in Uzbekistan BelAZ dump trucks have begun work on one of the largest quarries in CIS in Uzbekistan. The Belarusian machines help in gold mining, coal and other minerals.  Uzbek mining companies also use Belarusian bulldozers and front loaders, which can significantly increase the production rate of rock. Working in the quarries of Uzbekistan are now more than 1,000 BelAZ trucks and other equipment units.
IT service exports of Belarus' Hi-Tech Park up by 20% in 2015
IT exports of Belarus' Hi-Tech Park up by 20% in 2015 The export of Belarusian High-Tech Park's IT services grew by 20% last year. The figure was more than $700 million. Software developed in Belarus was exported to 61 countries around the world. Among them are some new destinations such as South Africa, Portugal, Croatia, Serbia, Uzbekistan and Kyrgyzstan.  Half of the Hi-Tech Park's exports goes to Europe and the majority to the United States.

Pages