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Economy & business

28.09.2016

Belarus President to visit China 28 September, over 30 deals at stake
Belarus President to visit China 28 September, over 30 deals at stake President Alexander Lukashenko on September 28 will go on a state visit to China. The two countries, despite the distance, have long been old friends and strategic partners. Dozens of successful projects implemented jointly prove it. The CTV crew is already working in Beijing.

27.09.2016

Pension growth planned in Belarus in 2017, finance ministry says
Pension growth planned in Belarus in 2017, finance ministry says Belarus is discussing the most important financial document - the budget for 2017. The relevant draft document has already been published by the Ministry of Finance and received the first comments. The talk show "What's Going On?" on RTR-Belarus tried to figure out what Belarus' economy will be like in 2017. Egor Khrustalyov, host: What everyone wants to hear is, of course, whether public sector salaries and pensions will be increased.
12% of exports declared automatically at Belarus customs
12% of exports declared automatically at Belarus customs Quickly, comfortably and without compromising quality of service. The Belarus President instructed the State Customs Committee to improve the work in all the registration points. The Head of State held a meeting with the head of the department September 26. Yuri Senko reported to Alexander Lukashenko on the results of work in 2016, as well as the future plans for the development of the customs service. In addition to improving the transit attractiveness of Belarus a question was raised concerning cooperation with foreign partners.
Belarus discussing draft budget for 2017
Belarus discussing draft budget for 2017 Belarus is discussing the most important financial document - the budget for 2017. The relevant draft document has already been published by the Ministry of Finance and received first comments. The talk show "What's Going On?" on RTR-Belarus tried to figure out what Belarus' economy will be like in 2017? Mikhail Kovalev, dean of the economic faculty of Belarusian State University, Doctor of Physical and Mathematical Sciences, professor:   This is a budget taking into account the worst case scenario.
China can give both new technologies and investment, Sergei Kizima says
China can give both new technologies and investment, Sergei Kizima says Diplomatic relations between Belarus and China were established in 1992. At the same time, the Chinese Embassy was opened in Minsk. From 1993, Belarusian diplomats began working in Beijing. During this time the Belarusian head of state visited China eight times. Chinese President Xi Jinping came to Belarus on a three-day visit in May 2015. MORE: Belarus President to make state visit to China September 28, 2016
Yukiya Amano: I was impressed by Belarus NPP constuction
Yukiya Amano: I was impressed by Belarus NPP constuction The peaceful and, most importantly, safe use of nuclear technology. Belarus these days is taking part in the 60th session of the General Conference of the International Atomic Energy Agency in Vienna. Here at the IAEA headquarters the Belarus NPP will be exhibited. The exhibition will show in detail how the large-scale project in Astravyets is being implemented. Among other events, the Belarusian delegation will hold talks with the IAEA and experts of Russia's Rostekhnadzor supervisory body.
Information boards to monitor Belarusian NPP construction to open in Vienna
It will now be possible to monitor Belarusian NPP construction from Vienna Information boards, on which you can monitor the progress of the Belarusian nuclear power plant construction, will open in Vienna on September 27. Presentations will also acquaint you with the information centers on nuclear energy, which are operating in Minsk and Astravyets. The process of staff training is also open to the world community.

26.09.2016

Belarus’ President meets with Chairman of State Military and Industrial Committee
Belarus’ President meets with Chairman of State Military and Industrial Committee On September 26, Belarus’ President Alexander Lukashenko held a working meeting with Chairman of the State Military and Industrial Committee of Belarus Sergei Gurulev. The President was interested in the state of business in the sphere. They discussed both ongoing projects and plans of institutions that are part of the State Military and Industrial Committee. The emphasis was on the economic state of the State Military and Industrial Committee of Belarus. The President gave a number of instructions concerning the expenditure and development of the sphere.
Diplomat Sergey Rachkov on trade and economic relations between Belarus and Oman
Diplomat Sergey Rachkov on trade and economic relations between Belarus and Oman Last week Belarus was visited by the most successful businessmen from Oman. The Gulf state is seeking projects in Belarus for investment. And our republic is looking for ways to consolidate positions in the region's market. Belarus and Oman are now working on the possibility of establishing a joint venture in Oman on sales, assembly and service of Belarusian equipment. Bilateral contacts have intensified over the last two years. The businessmen also met with President Alexander Lukashenko and took part in a business forum.
Belarusian companies sign contracts worth $20 million at EXPO in China
Belarusian companies sign contracts worth $20 million at EXPO in China Belarusian companies have signed contracts worth $20 million at EXPO in China. An agreement has been reached to supply confectionery and dairy products on the Asian partner's market. In 2016, Belarus took part in the exhibition in the status of the guest of honor. The total number of exhibitors exceeded 40 Belarusian companies. Thus virtually all sectors of the economy were represented: from engineering to transit and tourism sectors
Food dispute: Why Belarusian products don't reach Russian shops
Food dispute: Why Belarusian products don't reach Russian shops From urgent problems to mature cheese! Especially since there is a direct relationship between the two. Our special correspondent Olga Petrashevskaya went the way Belarusian products usually travel to Russia.
Belarus President: Knowledge and technology are key to solving economic problems
Belarus President: Knowledge and technology are key to solving economic problems Export of products for Belarus is like oxygen to the body. But economic success does not depend only on external factors. On Friday, President Lukashenko sternly warned the government on this issue and demanded to search internal reserves, which can still be found, no doubt about that. I think that every self-critical employee and manager can agree with it. It's not just about the number of blister or the amount of sweat, but also about the effective management, new knowledge and, of course, new technologies.
International laser technology forum to start in Minsk on September 26
International laser technology forum to start in Minsk on September 26 A prestigious international laser technology forum will start in Minsk on 26 September. It will bring together leading scientists from Belarus and abroad. Representatives of 15 countries will show their developments and achievements. The conference participants will discuss the latest advances in various fields: laser physics, quantum and atomic optics. They will discuss the practical application of light-emitting diodes and laser technologies in economy, science, ecology and medicine.
Belarus to open Ostrovets NPP exhibition at IAEA General Conference
Belarus to open Ostrovets NPP exhibition at IAEA General Conference Belarus is taking part in the 60th session of the General Conference of the International Atomic Energy Agency in Vienna. During the event at the IAEA headquarters in Vienna International Centre Belarus will hold an exhibition of the Belarusian NPP. It will provide information on the implementation of the project, staff training and work of the Information Center for Nuclear Energy in Minsk and Astravets (Ostrovets).

23.09.2016

New building of largest machine manufacturing factory opens in Belarus
New building of largest machine manufacturing factory opens in Belarus On September 23, a new building was open at one of the largest machine manufacturing factories in Belarus.  The creation of additional areas is a fundamentally new approach in the sphere of the production of mining equipment. International standards and high competition make machine manufacturers work on the aesthetics of production and products’ appearance. Painting, washing, diagnosis and first test drive are some of the features of a modern complex.
Minsk and economic cooperation: Belarus’ capital has more than 160 importers
Minsk and economic cooperation: Belarus’ capital has more than 160 importers Minsk is expanding the cooperation with the world's capitals, as well as with a number of neighboring countries and beyond. Now the capital has more than 160 importers. However, the domestic export is open to all countries from different parts of the globe. Not only business meetings between business and the government that take place at the forums, but also cultural events play important role in increasing the goods turnover.
Euroregion Neman exhibition: Two contracts worth $50 million signed in Grodno
Euroregion Neman exhibition: Two contracts worth $50 million signed in Grodno Two investment deals in construction and agriculture, worth $50 million, were signed on 23 September at the economic forum "Euroregion Neman", which is underway in Grodno. The business platform has brought together 160 participants from Belarus, Russia, Poland and Lithuania. Two days of hard work are ahead. By the way, the forum has already become an effective platform for finding new partners and deals.
Belarus President warns against changes in economic policy after All-Belarus People's Assembly
Belarus President warns against changes in economic policy after All-Belarus People's Assembly President of Belarus demands the strict implementation of decisions adopted at the All-Belarus People's Assembly. Alexander Lukashenko emphasized this during the Government's H1 2016 economic report and 2017 draft budget and future monetary policy discussion. In general, the economic situation in the country is stable and conditions are being created for the quality growth of the main indicators. Belarus is fulfilling the government's liabilities and is paying out foreign currency loans. However, there are problems in construction, agriculture, and industry.

22.09.2016

Rosselkhoznadzor bans 19 tons shipment of Belarusian cheese
Rosselkhoznadzor bans 19 tons shipment of Belarusian cheese Russian sanitary watchdog Rosselkhoznadzor didn’t allow the large shipment of Belarusian cheese from Mogilev enterprises. The whole fuss wasn’t about the quality of the products. There were some complains about the documentation. Today, Rosselkhoznadzor is not satisfied with the products of 42 Belarusian enterprises producing dairy and meat products. The ban is now on the Belarusian dairy products because of some papers.
$3bn loan in question: IMF mission in Belarus
$3bn loan in question: IMF mission in Belarus The mission of the International Monetary Fund discusses a new loan program in Belarus. The mission officially began its work in Belarus on September 21. The experts will be meeting with a number of government representatives until October. Peter Dohlman, Head of the IMF mission in Belarus:The aim of that mission is the discussion of the economic policy that could be supported in the framework of the credit mechanism.
Belarus’ state budget for 2017
Belarus’ state budget for 2017 The so-called zero reading of the main financial document took place in Belarus. This meeting of deputies with the President was a rehearsal before the state budget will be reviewed by the Parliament. It is an opportunity to taken into account and eliminate controversy. Social orientation remains one of the main points. The financing of education, healthcare and science will be significantly increased. The budget includes additional support for large families.

21.09.2016

Regions of Belarus and China sign roadmap of bilateral cooperation
Regions of Belarus and China sign roadmap of bilateral cooperation The regions of Belarus and China have signed the roadmap of their cooperation that includes more than 30 projects. The second meeting of the group responsible for the trade and economic cooperation of Belarus and China took place during the forum in China. The parties also agreed on organizing a large exhibition of products from Chinese western provinces in Belarus. This exhibition will take place in November.
Belarus’ budget for 2017: Social orientation and reasonable expenses
Belarus’ budget for 2017: Social orientation and reasonable expenses Deputies of the House of Representative discussed the budget for 2017 on September 21. The so-called zero reading of the document is taking place before airing it in the Parliament. The draft of the budget presupposes the increase in the expenses on science by 20% and changes in the tax policy. It is expected that the main financial document will be adopted by the 5th convocation on the Parliament until the 6th convocation replaces it on October 11.
Loan program’s discussion: IMF mission starts work in Belarus
Loan program’s discussion: IMF mission starts work in Belarus The mission of the International Monetary Fund discusses a new loan program in Belarus. The mission officially began its work in Belarus on September 21. The experts will be meeting with a number of government representatives until October. The estimation of the economic processes in Belarus will be given. The IMF insists on implementing a number of reforms. If the decision will be favorable, the funds will be invested in these reforms.

20.09.2016

Belarus’ President instructed to provide farmers with necessary conditions to sell their products
Belarus’ President instructed to provide farmers with necessary conditions to sell their products President Alexander Lukashenko has instructed to provide farmers with all the conditions necessary to sell their products. The Head of State said it, when listening to  the report of Deputy Prime Minister Mikhail Rusy and Minister of Agriculture and Food Leonid Zayats. The officials reported on the financial status of agriculture, the results of the harvesting campaign and its technical support. The President stressed that farmers should be given every opportunity in order to enable them to sell their products, thereby satisfying the demand of the population.
lexander Lukashenko: Belarus sees Oman as potential trade and investment partner in Persian Gulf
Alexander Lukashenko: Belarus sees Oman as potential trade and investment partner in Persian Gulf Belarus sees Oman as a potential trade and investment partner in the region of the Persian Gulf. That was an announcement made by Belarus’ President Alexander Lukashenko at the meeting with the delegation of Arabic businessmen on September 19.

19.09.2016

How to grow watermelons in Belarus and why Belarusian fruits and vegetables are healthy
How to grow watermelons in Belarus and why Belarusian fruits and vegetables are healthy Belarusian lands are famous for potatoes, but soon they can get famous because of watermelons. It appeared that anything can grow in Belarus. The thing is that watermelons were growing in Belarus in the 40-50s of the 20th century. Today, we started to do it again. By the way, according to the biochemical analysis, Belarusian watermelons contain 1-2% of sugar more than watermelons from Astrakhan. The thing is that Belarus receives watermelons that are not ripe, because it would impossible to transport ripe watermelons.

14.09.2016

Belarus’ President holds meeting with Belarusian Deputy Prime Minister
Belarus’ President holds meeting with Belarusian Deputy Prime Minister On September 12, President Alexander Lukashenko held a meeting with Belarus’ Deputy Prime Minister Vladimir Semashko. The questions discussed during that meeting were connected with energy resources. The major partner of Belarus in that question is Russia. Besides, as the President mentioned, we need to find alternative ways of producing energy.

12.09.2016

Alternative energy is getting more popular in Belarus
Alternative energy is getting more popular in Belarus Only the last phrase will be remembered, thought Stierlitz. Alexander Lukashenko probably wanted to put a period to the answer to the question of the Russian journalist exactly in the same way. However, the President remembered about the rural tourism. Farmsteads are appealing especially to foreigners because they provide with the opportunity to breathe fresh air, to drink home milk, to try Belarusian potatoes. Moreover, in Belarus, not only people could get benefit from the sun, wind and potatoes, but also houses, towns, and even industrial enterprises.

08.09.2016

Belarus Trade Ministry officially renamed Antimonopoly Regulation Ministry
Belarus Trade Ministry officially renamed Antimonopoly Regulation Ministry On September 8, the Ministry of Trade of Belarus was officially renamed the Ministry of Antimonopoly Regulation. The name comprises the main functions of the institution. Firstly,  it is the development of the competition, regulation of prices, analysis of the consumer market and protecting the rights of consumers.
Meeting with Secretary of State Owned Assets Supervision and Administration Commission of China held in Belarus
Meeting with Secretary of State Owned Assets Supervision and Administration Commission of China held in Belarus Direct investments, joint projects and comprehensive cooperation between Belarus and China. These were the issues discussed on September 8 in Belarus.

07.09.2016

5 Chinese projects to be implemented in Partizansky district in Minsk
5 Chinese projects to be implemented in Partizansky district in Minsk The Partizansky district in Minsk has 5 investment sites to show to Chinese colleagues. New projects will be implemented in the sphere of education, sport and construction. The export between the Partizansky district in Minsk and China has increased by 11 times. During a three-day visit, the Chinese representatives will go to Belarusian industrial enterprises and meet with Minsk’s businessmen.

06.09.2016

Private equity fund of 50 million dollars created in Belarus
Private equity fund of 50 million dollars created in Belarus A private equity fund of 50 million dollars will appear in Belarus. This fund will invest into private Belarusian companies for a period of 5-7 years. About 8 companies in the IT sector, producing consumer goods and retail companies will get the investment. The fund will not only expand the possibilities of the Belarusian business, it will also become a signal for foreign investors.

05.09.2016

How Belarusian-Chinese business resumes its natural course and why there is Chinese character near MAZ abbreviation
How Belarusian-Chinese business resumes its natural course and why there is Chinese character near MAZ abbreviation About the future of the machines with the logo MAZ. Three letters are not enough, and there will appear a Chinese character. Maybe then, great Belarusian machines will become as popular as the Great Wall of China. These machines are legends. New models with the logo MAZ could appear on the pedestal. And in the chronicle of the automobile plant, Chinese characters may appear. This will help factory workers to learn new technologies and understand the notion of export diversification.
From economy and politics to culture and food products: cooperation between Belarus and Kaliningrad
From economy and politics to culture and food products: cooperation between Belarus and Kaliningrad Belarusians like Georgia as well. It is estimated that Belarusians are among 10 frequent visitors of Georgia. They are attracted by mountains and the sea. However, the closest sea that Belarusians can go to without visa is situated not in Batumi but in Kaliningrad. Belarusians go on vacations to Kaliningrad. Also, they work and live there. Belarusian products are very popular in Kaliningrad, and people call Belarus’ President “Batka” (Father). There is also a public garden of the friendship between Belarus and Kaliningrad.
How will Minsk change in future: new general plan of capital presented to Alexander Lukashenko
How will Minsk change in future: new general plan of capital presented to Alexander Lukashenko How will the capital of Belarus change in the following years? The general plan of the development of Minsk was presented to President Alexander Lukashenko. The first idea of the plan is to free the historical center from traffic. The number of trams and trolleybuses will increase, because pedestrians need it. However, special parking lots will be organized for the cars. Three ring roads will be also essential for unclogging the capital’s roads. Moreover, the fourth metro line will facilitate the easier transportation.

04.09.2016

Environmentally friendly and practical: cast-iron cookware appears in Minsk shops
Environmentally friendly and practical: cast-iron cookware appears in Minsk shops An essential part of delicious dishes. Cast-iron cookware of domestic manufacture appeared on the shelves of the capital's shops. The traditional Belarusian cookware was produced at the plant Legmash in Orsha. It became possible after the modernization of the casting house took place. The manufacturing is just beginning, but the workers of the plant promise to deliver environmentally friendly and practical cast-iron cookware to all Belarus’ regions.

03.09.2016

National Exhibition of Belarus in Georgia: Over 140 companies taking part
National Exhibition of Belarus in Georgia: Over 140 companies taking part Today is Day of Minsk. Later, we will talk about this for those who have not seen the festivities with their own eyes. Some do not believe his eyes coming into the modern European capital. Minsk surprises not only overseas visitors who had not been even aware of the existence of Belarus until they came here, but also neighbors from the former Soviet space. We tell you a little later what exactly surprised the respected Georgians in the Belarusian capital. But first, let's watch the story - the presentation of Belarus in Tbilisi.
New layout of Minsk presented to Belarus’ President
New general plan of Minsk presented to Belarus’ President Minsk will be made more comfortable to live in. The President of Belarus was reported on the plans of the development of the capital and its satellite towns. The majority of new housing constructions will take place in the capital’s surrounding areas. Minsk will preserve the status of a “green city”. This issue was discussed with the President on September 2. It was decided not to expand the boundaries of Minsk. Only the forest area at the south-eastern part of the Minsk Sea will be included in the city boundaries.

02.09.2016

Belarusian MAZ school buses meet all safety requirements
Belarusian MAZ school buses meet all safety requirements On September 2, pupils in Mogilev received 10 new school buses that meet all safety requirements and have spacious compartments for school bags. Purchasing of the transport is planned by the special program of the Development Bank. This program started in 2013 and will end in 2017.
President about construction in Minsk’s surrounding areas: stop building there same things that you building in Minsk
President about construction in Minsk’s surrounding areas: stop building there same things that you building in Minsk The President was reported on the development of Minsk and its surrounding areas. The government is working on the program of the development of Minsk’s satellite-towns. There will be major areas for the housing construction. The residents of the villages Rudensk, Druzhny and Svislotch expect major changes. The construction of high-rise building around the capital will be stopped. Alexander Lukashenko supported the suggestion of the governor.
New redenominated money account for 90% in circulation in Belarus
New redenominated notes account for 90% of money circulation in Belarus By autumn 2016, Belarusians have about 10% of old currency notes after the July redenomination. The large part of bills of the 2000 sample has already been withdrawn from circulation. However, the National Bank suggests that it is impossible to withdraw all notes from circulation. And here is why.
Construction of high-rise buildings around Minsk may cease
Construction of high-rise buildings around Minsk may cease What the Belarus capital will be in the future? This question was discussed 2 September by President Alexander Lukashenko and relevant ministers who reported on the development of Minsk and the surrounding areas.  At the meeting in Town Hall, there was a suggestion to stop construction of high-rise buildings around the capital. In particular it concerns agro-towns Kolodishchi and Senitsa, as well as the Borovliany village.  More to follow in our next new releases.

01.09.2016

Minsk City Technopark opening new complex of buildings with new jobs and unique opportunities
Minsk City Technopark opening new complex of buildings with new jobs and unique opportunities New offices and production development. Minsk Technopark is opening a complex of buildings, with new jobs and unique opportunities. The Technopark is now working with almost 30 residents. These are companies working in different directions. Starting from laser technology to aircraft construction. This multi-purpose device heals veins, crushes stones and removes tumors. The product is bought abroad in great numbers but there are few buyers in Belarus. For some unknown reason.
Belarus may introduce visa-free regime for foreign investors
Belarus may introduce visa-free regime for foreign investors It has been suggested that Belarus introduce visa-free travels for foreign investors. The project, which has prepared the National Investment and Privatization Agency, is under consideration of the government.  At the suggestion of the Agency, residents of countries that are the most active business partners of Belarus will be able to stay here for 15 days without a visa.  It is expected that such relaxed requirements will help make our country more attractive not only for investors but also for tourists.

31.08.2016

Chinese engineering company establishing cooperation with Mogilev plants
Chinese engineering company establishing cooperation with Mogilev plants Belarusian-Chinese cooperation is also unfolding at the regional level. A large engineering company from China is establishing joint production facilities with Mogilev city plants. For now the sides are considering only test projects.  Companies plan joint production of Belarusian-Chinese tower and mobile cranes. Currently the available prototypes are being tested. In the future, plans are to sell equipment on the market of the Eurasian Union.

30.08.2016

Belarusians to receive non-cash housing subsidies from October 2016
Belarusians to receive non-cash utilities subsidies from October 2016 A system of non-cash housing subsidies in Belarus will take effect from October 2016. The Belarus President signed the corresponding decree on August 29, which will reduce the financial burden especially for pensioners and the poor.  If a family spends on communal services 20% of income in the city and 15% in rural areas, it has the right for such subsidies. These subsidies will be granted not only by the application principle.
Belarus and China strengthening relations between regions
Belarus and China strengthening relations between regions Belarus guarantees Chinese companies the most favorable conditions for work, stated President Alexander Lukashenko at the meeting with representatives of Hunan Province of China. The delegation is headed by the mayor of the central city of Changsha, which is one of the twenty largest economically developed cities in China. Among the guests was head of the machine-building corporation Zoomlion. It is one of China's leading producers of special-purpose machinery. Representatives of the company are interested in active cooperation with the Belarusian producers.

29.08.2016

Roman Vasilenko: we think peaceful and safe nuclear power has future
Roman Vasilenko: we think peaceful and safe nuclear power has future In Kazakhstan, the largest international forum “World without Nuclear Weapons” begins on one of the most important days in the world’s history. Twenty five years ago, the Semipalatinsk Test Site, which was the largest nuclear test site in the world, was shut down. At that test site, the USSR had its first nuclear explosion in 1949. As many as 456 nuclear tests were conducted at the site.
Patent for self-employed in Belarus: new approach to creative business and impetus for economic activity
Patent for self-employed in Belarus: new approach to creative business and impetus for economic activity A new initiative was announced during the meeting of the Council of the Republic. A new system concerning freelance services can be introduced in Belarus. According to Mikhail Myasnikovich, it will encourage entrepreneurship. There is no such a term as “self-employment” in the legal system of Belarus. Thus, for instance, artisans, people working in agro tourism will acquire a new legal status without registering a sole proprietorship.
Belarus guarantees Chinese companies the most favorable conditions, President says
Belarus guarantees Chinese companies the most favorable conditions, President says Belarus guarantees Chinese companies the most favorable conditions, said August 29 President Alexander Lukashenko meeting with representatives of the Chinese province of Hunan.  The delegation is headed by the mayor of the central government of Changsha City and the head of a large construction company. Changsha one of the twenty largest cities in terms of economic development in China. More than seven million people live there.
Vladimir Karyagin
Necessary transformations for better business climate in Belarus. Vladimir Karyagin's interview with TV program Picture of the World We will talk about the economic activity of Belarusian people and necessary transformations, especially in the sphere of markets, with Vladimir Karyagin, Chairman of the Presidium of the Republican Confederation of Entrepreneurship. Mr Karyagin, hello. Vladimir Karyagin, chairman of the presidium of the Republican Confederation of Entrepreneurship: Hello!

28.08.2016

Harvesting campaign 2016: it’s like on sports field
Harvesting campaign 2016 in Belarus: it’s like on sports field Today, we will start with the results on the fields that feed us. If 9 medals at the Olympics are not the best results, 9 million tons of grain harvested in Belarus in 2016 are enough to cover the requirements. The harvesting campaign never rests. Saturday harvesting news from our correspondent Ilona Volynets. Did you hear that sound? This is the ringing of fields being harvested.

27.08.2016

Residential compound near Belarus’ embassy opens in Kiev
Residential compound near Belarus’ embassy opens in Kiev A residential compound near the Belarusian embassy opened in Kiev. The opening ceremony was attended by Vladimir Makei, the Minister of Foreign Affairs of Belarus. Vladimir Makei mentioned that this new compound shows the intention to continue the collaboration between Kiev and Minsk. “There aren’t any unsolved problems between our countries”, said the Minister of Foreign Affairs of Belarus. Moreover, he added that Belarus would participate in the resolution of the conflict in the Donbass.

26.08.2016

Trade Ministry of Belarus
Belarus Trade Ministry officially renamed Antimonopoly Regulation Ministry Belarus' Trade Ministry officially changes its name. From September 8, according to the decree of the President, the ministry will be renamed the Ministry of Antitrust and Trade. The document also makes changes to symbols of the institution: its emblem and flag.   Recall that in early June, President Alexander Lukashenko signed a decree on the establishment of a single competition authority.  The new agency is created on the basis of the Ministry of Trade, with the pricing policy department of the Ministry of Economy also becoming its part. 
Kirill Slabko
Global sporting events help Belarus improve public services, Trade Ministry says Minsk is preparing to welcome the participants and guests of the final round of 2018 Olympic ice hockey qualification as well as the world tour Belarus Open 2016 (table tennis). The Trade Ministry, which is going to be renamed Ministry of Antimonopoly Regulation soon, has monitored more than 20 eateries and sales points in conjunction with the events and gave valuable advice to improve the quality of services provided. Most of those who were given recommendations have already reported on the elimination of violations.

25.08.2016

Belarus planning to harvest 9 million tons of grain in 2016
Belarus planning to harvest 9 million tons of grain in 2016 Belarus is planning to collect 9 million tons of grain in 2016. This is more than in the past year. This figure was voiced by the agricultural department of the country.
Tambov region delegation on official visit in Belarus
Tambov region delegation on official visit in Belarus Under the sign of regional cooperation. Tambov region delegation is now on official visit in Belarus. It consists of representatives of the administration and business circles of the Russian region.  The delegation is set to visit a number of Belarusian machine-building enterprises as well as beef and dairy factories. The guests are also interested in learning about the work of the High-Tech Park.

24.08.2016

Mikhail Myasnikovich: patent system for self-employed should be introduced in Belarus
Mikhail Myasnikovich: patent system for self-employed should be introduced in Belarus A patent system should be introduced in Belarus for those who find jobs and earnings on their own. That was a proposal made the speaker of the Council of the Republic of Belarus. According to Mikhail Myasnikovich’s opinion, it will encourage entrepreneurship. For instance, artisans, people working in agro tourism will acquire a new legal status.

23.08.2016

Belarus' President holds meeting on state of banking sector
Belarus' President holds meeting on state of banking sector Questions of economy and the state of affairs in the banking sector have been reviewed at a meeting held by the Belarus President on 23 August. The Head of State met with the Prime Minister of Belarus, Andrei Kobyakov, and Chairman of the Board of the National Bank Pavel Kallaur. In particular, Alexander Lukashenko was informed about the situation on the currency market, as well as on cooperation with the World Bank.
New Belarusian-Indian pharmaceutical plant to appear in Belarus
New Belarusian-Indian pharmaceutical plant to appear in Belarus A new pharmaceutical plant will appear in Belarus. Today in Minsk, a capsule at the site of future production facility was laid. The investment project will be implemented with the participation of Indian partners.
Belarus to be main guest of honor at exhibition EXPO China-Eurasia in September
Belarus to be main guest of honor at exhibition EXPO China-Eurasia in September Belarus will be the main guest of honor at the exhibition "EXPO China-Eurasia". The large-scale forum will be held in Xinjiang in September - China's north-western region. During the fair organizers will acquaint visitors with the production capacity, investment climate and tourism opportunities of Belarus. Particular attention will be given to the Belarusian-Chinese project - the Industrial Park "Great Stone". During the forum, the two states will also discuss new possibilities for the development of trade and economic cooperation between Belarusian and Chinese regions.

22.08.2016

Businessmen discuss marketing of Belarusian brands
Businessmen discuss marketing of Belarusian brands How to improve the competitiveness of Belarusian products and increase their sales on the domestic market? That was the issue discussed by businessmen, heads of enterprises of light industry, representatives of trade organizations during their meeting. The participants of the meeting shared their views and made proposals on how to market Belarusian brands in a more effective way.
Alexander Lukashenko demands to improve discipline at enterprises: results of working visit to Brest region
Alexander Lukashenko demands to improve discipline at enterprises: results of working visit to Brest region This week Alexander Lukashenko made a working visit to the Brest region. The head of state visited a number of enterprises in the region, and draw attention to a number of shortcomings in agricultural service stations.  The President instructed to restore the system of agricultural services. Alexander Lukashenko was making unannounced visits to enterprises and farms that were far from the best. The aim of these visits is to make people do their job more efficiently.
Economist Georgy Grits on public-private partnership in Belarus
Economist Georgy Grits on public-private partnership in Belarus Last week, specialists of the Institute of Economics of the National Academy of Sciences published the results of a study of prices in major retail chains of the republic. The monitoring covered the main Belarusian market players and experts analyzed nearly 2,000 most popular products. As a result, the lowest rates were recorded in Evroopt trade network. On average, prices are 13-19% lower, with the difference with some networks reaching 22%. The lowest price excess was recorded with respect for meat and dairy products, prices for which are state-controlled.

21.08.2016

Belarusian prisoners
Belarusian prisoners will process Russian amber Amber from Kaliningrad will be processed in Belarusian prisons. The penitentiary system of Belarus is expanding cooperation ties. In Belarus’ prisons, convicts are already  producing various units for the domestic industry, and now, they will be processing the raw material for Russian jewelry industry.
Bank of genetic resources of agricultural and forest plants established in Belarus
Bank of genetic resources of agricultural and forest plants established in Belarus A unique bank of genetic resources of agricultural and forest plants was established in Belarus. The national food security became the main topic of the work that claims to get one of the state awards in the sphere of science and technology. There are nine such projects in total. Only three projects will make it to the final. The project should have different themes. Economic potential and efficiency will be the main criteria.
Helicopters Mi-8
Updated helicopters Mi-8 to come into service in Belarusian army Updated helicopters Mi-8 will enter the service of the Belarusian army. The first six helicopters will be used in September. Modernization remains one of the main priorities of the country’s Air Defense Forces. On the 21st of August, the Air Defense Forces of Belarus celebrate their professional holiday. On that day, the ceremony of laying wreath and flowers to the Victory monument took place in Minsk. People paid tribute to the heroes of the Great Patriotic War and those who protect peaceful sky.

20.08.2016

Tourism in Belarus
Tourism in Belarus: why is it easier to use service of foreign tour operators? In Belarus, there are 20 travel agencies concentrated on inner tourism, and 500 agencies concentrated on international tourism. Why isn’t inner tourism popular in Belarus? Why do travel agencies prefer dealing with international tourism? Nowadays, more and more tourists are more interested in Eastern Europe. Twenty years ago, Belarus was a “terra incognita” for foreigners. Back then, Oksana’s travel agency was the first agency dealing with inner tourism.

19.08.2016

Alexander Krepak
Minsk-Shanghai collaboration: new business center to open in Sofia Kovalevskaya Street The Moskovsky district of Minsk is ready to provide space for several dozens of investment sites for their partners from Jiading District. The first project will appear in Sofia Kovalevskaya Street. It will be a business center. The construction has already begun. It will include sports and recreation facilities, administration offices and shops. Besides, the business partners agreed on further development of trade and economic relations and cooperation in social sphere.
President holds a meeting
Sun, wind and water energy: Belarus President holds meeting on effectiveness of use of domestic energy resources Sun, wind and water energy. The effectiveness of the use of domestic energy resources was the central topic during the meeting with Alexander Lukashenko. The President demanded to work more efficiently in that direction. Belarus is dependent on import of energy resources, that’s why the use of domestic energy resource is a very topical issue. The use of domestic resources and alternative sources of energy will allow to have a clean environment and reduce costs. A lot of decisions were made on that matter. That was a checkpoint meeting, said the President.
Inner protection cover installation begins at first power unit of Belarusian NPP
Inner protection cover installation begins at first power unit of Belarusian NPP Inner protection cover was installed at the first power unit of the Belarusian NPP. The work was successful. The inner protection is one of the parts of the reactor protection system. It withstands internal pressure and external impact. For example, from the falling aircraft, earthquake or hurricane. The Belarusian NPP is being built in the Grodno region, 18 kilometers from a town of Ostrovets. It will consist of two power units with a total capacity of up to 2,400 MW.
Belarus President demands efficient use of energy
Belarus President demands efficient use of energy It is necessary to build up the use of local fuels in the energy system of Belarus, said the President during the meeting on the effectiveness of the use of domestic energy resources. Earlier the President adopted a number of decisions, as well as a pilot project aimed at reducing dependence on gas purchases. As a result, local fuels replaced more than 2 billion cubic meters of "blue fuel". However, it is only a tenth of that is imported annually.
Chinese regions' interest in practical cooperation with Belarus growing, Alexander Lukashenko says
Chinese regions' interest in practical cooperation with Belarus growing, Alexander Lukashenko says Technology, investment and the strengthening of regional ties. This is the formula for success of trade relations between Belarus and China. Prospects for the development of the strategic partnership between the two countries were discussed during the August 18 meeting of President Alexander Lukashenko with Secretary on Political and Legislative Affairs of the Central Committee of the Communist Party of China Meng Jianzhu.

18.08.2016

Belarusian-Chinese intergovernmental committee on cooperation to meet in Minsk August 18
China's Meng Jianzhu visiting Belarus Belarus is expanding cooperation with China. Member of the Politburo of the Communist Party of China Meng Jianzhu is visiting Belarus. August 18, there will be held a joint meeting of the Belarusian-Chinese intergovernmental committee on cooperation. The development of relations with China country is one of the priorities of Belarus' foreign policy. The parties regularly exchange visits at various levels. There is an active inter-parliamentary dialogue underway too. Political and trade and economic ties are developing dynamically.

17.08.2016

Teachers
Increase in teachers’ salary due in Belarus The government is developing measures that will allow to increase teachers’ salary. Such an announcement was made by the Minister of Education, Mikhail Zhuravkov. Last week, Alexander Lukashenko discussed the issue of the status and remuneration of teachers, after hearing the report on the course of parliamentary election campaign and the state of the education system before the upcoming academic year.
Loans in Belarus may cheapen after lowering of refinancing rate
Loans in Belarus may cheapen after refinancing rate lowers The Belarus National Bank has lowered the refinancing rate from 20% to 18%. This is the fourth decline in the refinancing rate from the beginning of 2016. It is expected that this will lead to cheaper loans. Usually, rate of loans that individuals and legal entities can get depends on the refinancing rate.
Belarus lowers refinancing rate to 18% per annum
Belarus lowers refinancing rate to 18% per annum On August 17 the National Bank of Belarus reduced the refinancing rate by 2 points. Now the figure is 18%. The financial institution noted that this decision was influenced by the slowdown in inflation. It should be noted that the refinancing rate declined four times during 2016. It is expected that this will be followed by decrease in loan rates. After all, rate of loans that individuals and legal entities can get depends on the size of the refinancing rate.

16.08.2016

Belarus, China discussing strategic partnership development
Belarus, China discussing strategic partnership development Belarus and China are discussing the possibility for the development of a strategic partnership. On August 16 mutual interests will be discussed during a meeting of the Belarusian-Chinese commission for trade and economic cooperation.  These days, a delegation from our country, headed by the Minister of Economy, is visiting China. The potential of mutual interest is great. These are investment and the financial sector, manufacturing cooperation, expansion of mutual trade, and the implementation of major business projects. 
President Lukashenko promises no price growth in Belarus
President Lukashenko promises no price growth in Belarus The Belarus President believes that one of the main tasks for the state is to provide people with jobs. The Head of State said this communicating with Malorita residents. Another topic raised was price increases. It should not be allowed, Alexander Lukashenko is sure. Alexander Lukashenko, Belarus President: The main thing is not to allow imbalanced prices. When there is no opportunity to raise salaries, prices must not increase either. If this is the case, this is a big drawback.
Belarus' President promises to constantly monitor KPI of regions
Belarus' President promises to constantly monitor KPI of regions August 15, a meeting was held in the Malorita district dedicated to the socio-economic development of the Brest region. President Alexander Lukashenko spoke about the new format of his working visits to the country's regions. It will now change, which is due to the intention of the head of state to examine the situation on the ground closely, to see the problems and compare it with the available information on other regions. The Malorita district is among the laggards in terms of a variety of positions.
Nikolai Rogashchuk
111 new items on Minsk's import substitution list by end of 2016 The output of items for import substitution has significantly increased. Since the beginning of 2016, the amount of such items produced is worth USD 700 million. The entrepreneurs involved in small and medium-sized businesses manufactured the goods worth USD 200 million.

15.08.2016

Belarusian ruble's exchange rate stabilizing
Belarusian ruble's exchange rate stabilizing The Minsk Executive Committee is prepared to support ambitious entrepreneurs. They are waiting for applications from businessmen who want to participate in the professional contest. The prize is investment in their business project. In support of small businesses
First branded Belavia aircraft
Flying cornflower: first branded Belavia plane arrives from USA to Minsk The first branded plane of Belavia Belarusian Airlines with its new livery landed in Minsk at noon. It took off right from the production line of the factory in Seattle. The body of the aircraft is white, the tail is blue and the plane has an image of a cornflower that is one of the symbols of Belarus. The cabin of the aircraft can accommodate up to 189 passengers. It has ergonomic seats, spacious overhead lockers, and special lighting system.  Moreover, aircraft characteristics were significantly improved.
District agricultural service stations to be restored in all Belarus' regions
District agricultural service stations to be restored in all Belarus' regions Working trips by the Belarus President will be carried out in a new format. On August 15, the head of state announced approaches that will now be used when visiting regions. Alexander Lukashenko was in the Brest region today. Here the head of state visited a number of enterprises. The President instructed to restore district agricultural service stations in all regions of Belarus.
President Lukashenko: Belarus has created conditions so that everyone can earn decent salary
President Lukashenko: Belarus has created conditions so that everyone can earn decent salary Belarus has created all the conditions to ensure that everyone has the opportunity to earn decent salaries, but efforts should be made to achieve that, said Alexander Lukashenko on 15 August talking to Malorita town's residents. The President is making a working visit to the Brest region. Alexander Lukashenko is assessing the socio-economic situation of the region in general and the Malorita district in particular.
Turkey to invest in Belarus' Grodno region
Turkey to invest in Belarus' Grodno region Last week, the Belarus President continued his working trip to the country's regions. This time the focus was on the Grodno region. The visit revealed a number of problems, from restoration of order at enterprises to personnel policy. 
Russia to replace Belarus' reactor vessel at Ostrovets construction site
Russia to replace Belarus' reactor vessel at Ostrovets construction site The Russian company Rosatom is ready to replace the reactor vessel for the first power unit of the Ostrovets nuclear power plant. This statement was made by the corporation after the formal request of the Ministry of Energy of Belarus. As noted by Rosatom, the reason for the replace will be public opinion rather than safety concerns. The company added that public opinion is not less important than safety. 

12.08.2016

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

11.08.2016

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

10.08.2016

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

09.08.2016

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

08.08.2016

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

07.08.2016

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

05.08.2016

Mogilev and Bryansk oblasts mulling over engineering joint ventures
Mogilev and Bryansk oblasts mulling over engineering joint ventures More than 50 youth projects will be implemented between the Mogilev and Bryansk regions. Belarusians and Russians are entering a new level of cooperation. During an inter-regional forum in Mogilev a large action plan for cooperation between the two regions has been signed. These are all kinds of joint festivals, meetings, and projects in the field of education, culture and sports. In the long term, the regions are going to create engineering and processing industry joint ventures with possible access to the markets of third countries.

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