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Economy & business

15.10.2016

Meeting with representatives of Guangdong held in Minsk
Meeting with representatives of Guangdong held in Minsk Belarus and China, cooperation between regions. Businessmen from Chinese province Guangdong visited Minsk. The partners met at the trade, economic and tourist conference. Businessmen estimated the possibility of investment in projects of China-Belarus Industrial Park and activation of tourist business of Minsk and Guangdong. About 160 companies from all Minsk regions presented their abilities. The Chinese delegation consisted of representatives of more than 60 enterprises.

14.10.2016

Kurgan region ready to buy 100 units of Belarusian machinery per year
Kurgan region ready to buy 100 units of Belarusian machinery per year Kurgan region of Russia is ready to buy 100 units of Belarusian equipment per year. Farmers from that Russian region are already familiar with Belarusian tractors. There are about 2,500 of them in the tractor fleet of the agricultural region. The Russian guests are also interested in machines for the timber industry, as well as some types of municipal and road-building machinery. On October 13, the delegation visited the enterprise Amkodor and perhaps soon it may sign some new contracts.
IAEA: Belarus strictly adheres to security strategy principles
IAEA: Belarus strictly adheres to security strategy principles Belarus is a country that strictly adheres to the principles of following the security strategy. These are the first findings of the IAEA expert mission. They are completing work in Belarus. Within two weeks they have conducted a comprehensive assessment of the regulatory infrastructure in the field of nuclear and radiation safety. In addition to the site of the Astravyets NPP, the mission visited the Joint Institute for Power and Nuclear Research Sosny and the National Medical Rehabilitation Hospital.
Belarus and EU renew trade dialogue
Belarus and EU renew trade dialogue Belarus and the European Union have resumed the dialogue on trade. On October 13, the Ministry of Foreign Affairs of Belarus hosted the first round of talks. The parties declared their intention to increase the trade turnover. As noted by the head of the EU Delegation in Belarus, it is European companies that are primarily interested in trade with our country. Andrea Victorin emphasized that the conversation took place in a warm atmosphere, and today one can say about the warming of relations between Belarus and the European Union.
Labor pensions in Belarus to increase from December 1, 2016
Labor pensions in Belarus to increase from December 1, 2016 The first day of winter will warm the retired in a special way. Labor pensions are increased in Belarus on December 1. The corresponding decree was signed on October 13 by the President of Belarus. The costs will be financed at the expense of the state extra-budgetary fund of social protection of the people. According to the 2017 budget, labor pensions are going to increase two times. SEE: Salaries in Belarus to grow by 9% in 2017

13.10.2016

Alexander Lukashenko: Belarus ready to cooperate with Kurgan region in all directions
Alexander Lukashenko: Belarus ready to cooperate with Kurgan region in all directions Belarus is ready to cooperate with the Kurgan region in all areas, said the Belarus President meeting with the governor of the Russian region Alexei Kokorin on 13 October. Mutual trade turnover figures are modest: a little more than $20 million. Therefore, there is much space for further cooperation.
Kurgan region governor arrives in Minsk
Kurgan region governor arrives in Minsk Inter-regional cooperation is a step towards the strengthening of Belarusian-Russian relations. The governor of Kurgan region has come to Minsk to discuss the prospects of cooperation, including in trade. Together with the head of the Russian region are high-ranking officials and heads of large enterprises of Kurgan region. The Kurgan delegation is going to hold negotiations with the leadership of Belarus as well as visit a number of industrial enterprises. Kurgan region is an agricultural region. Farmland occupies almost half of its area. Therefore
Belarusian-German working group on trade and investment to meet October 13
Belarusian-German working group on trade and investment to meet October 13 The trade dialogue of Belarus with the European Union continues. October 13 in Minsk, experts of the Belarusian-German working group will consider the issues of bilateral cooperation. In the spotlight will be the matters of investment, export-credit insurance, industrial cooperation, energy, logistics, transportation, and professional education.

12.10.2016

Doctrine of food safety to appear in Belarus
Doctrine of food safety to appear in Belarus The doctrine of food safety will appear in Belarus by the end of 2016. Belarus is successful in providing products for domestic market, and 35% of Belarusian products are exported. However, it’s not the time to relax. There are new challenges appearing in the sphere. That was the topic discussed during the 1st Belarusian Forum on Food Safety that was held on October 12 in Minsk.
Belarus is on 48th place in list of countries with largest gold reserves
Belarus is on 48th place in list of countries with largest gold reserves Belarus entered the list of Top-100 countries with the largest gold reserves. According to the rating compiled by the World Gold Council, we are on the 3rd place among the CIS countries and we hold the 48th place in the world. The sufficient amount of this metal in gold reserves is one of the most important criteria in the evaluation of a country’s economy. This is one of the factors of economic stability and financial security of a state. It should be mentioned that the USA is on the top of the list, and Russia is a leader among the CIS countries.
From food and dresses to metallurgy and IT: Belarus and Austria acquire more common points
From food to IT sector: Belarus and Austria expanding cooperation When one of the strategic partners makes you sad, good words coming from the other side might not only become the medicine for your soul. The practical use is also very important. Following Belarusian dresses and condensed milk, other serious contracts might be signed, as Belarus and Austria are engaged in very successful cooperation. Our special correspondent Yana Shipko has the story.
Russia lifts restrictions on oil supplies to Belarus
Russia lifts restrictions on oil supplies to Belarus Belarus considers agreements with Russia on gas and oil a compromise in the interests of the two countries. On October 11, the Energy Ministry voiced a new formula of gas price calculations for Belarus. It also confirmed that in the next 10 days Belarus will repay the previously underpaid money for blue fuel. Russia, in turn, introduces a mechanism for inter-budgetary compensation for the time when a common electric energy market is being created.
Michael Kent about Belarus: "It's great pleasure for me to be in your country"
Michael Kent about Belarus: "It's great pleasure for me to be in your country" Belarus is waiting for British businesses to come to the country, said the Belarus President meeting a member of the British royal family - Prince Michael of Kent on October 11. The representative of the royal family, a prominent businessman and philanthropist is visiting Belarus for the first time.

11.10.2016

What IMF’ loan is and why Belarus needs it: expert opinion
What IMF loan could mean for Belarus? Belarus holds very important talks with the International Monetary Fund about a new loan program. There’s a possibility to get three billion dollars and the interest rate is beneficial. However, the IMF has very strict requirements, as usual. However, they are negotiating to find a compromise. The idea of ​​creating the International Monetary Fund came at a UN conference in 1944. The member countries have decided to create a common money-box from which anyone can borrow in order to avoid a serious crisis.
XXI Belarusian Energy and Ecology Forum opens in Minsk
XXI Belarusian Energy and Ecology Forum opens in Minsk About 300 companies from 14 countries will gather on October 11 in Minsk for XXI Belarusian Energy and Ecology Forum. Over the next four days, the participants will be getting acquainted with more than 200 scientific and technical developments. Belarusian scientists will also present their best achievements in thematic exhibitions. It is noteworthy that the event involves the banking sector, which will contribute to the financing and implementation of innovative projects. Forum organizers do not hide intentions to sign several deals after the forum.

10.10.2016

Development of economic cooperation and visa regime facilitation: Belarus’ Foreign Minister visits Warsaw
Development of economic cooperation and visa regime facilitation: Belarus’ Foreign Minister visits Warsaw Rapprochement and openness. Principles of cooperation of Belarus and Poland were discussed on October 10 by the foreign ministers of the two countries. A quarter of a century ago a Declaration on Good-neighborliness, mutual recognition and co-operation between the states was signed. Now Belarus and Poland are on the threshold of a new quality of relations.
Service company for biogas units to be created in Belarus
Service company for biogas units to be created in Belarus A company that will provide service for biogas units will be established in Belarus. Such an agreement was made at the Belarus-Germany energy forum on October 10. The forum is held for the 5th time. The topics related to a vast usage of renewable sources of energy are discussed there. Almost 200 experts from two countries are discussing the cooperation in the sphere of environmentally friendly technologies. Belarus and Germany already have a number of joint projects.
Mikhail Kovalev, professor of Belarusian State University on IMF loan for Belarus and role of China in economy
Mikhail Kovalev, professor of Belarusian State University on IMF loan for Belarus and role of China in economy Belarus has had a successful cooperation with the IMF for many years. In 2010, we received a large loan worth 3.5 billion dollars in the framework of the Standby Program. Belarus has already paid its debt. Now, there are discussions about a new loan from the IMF with very good interest. However, should Belarus count so much on the IMF? We asked the opinion of professor Mikhail Kovalev. We hope to get a loan worth 3 billion dollars for 10 years with the interest rate of 2.3% a year. What does it mean?
Belarus and Russia settle oil and gas issues
Belarus and Russia settle oil and gas supply issues Belarus and Russia have settled a problematic issue in the sphere of energy supply. The President of Belarus was briefed on how the oil and gas dispute is being resolved. The cost of gas will be substantially reduced. Currently the sides are signing a working protocol, and in the near future plan to legally register the agreements.
Fifth Belarusian-German Energy Forum kicks off in Minsk October 10
Fifth Belarusian-German Energy Forum kicks off in Minsk October 10 The development of energy policy will be a central theme of the V Belarusian-German Energy Forum. It is about to kick off in Minsk October 10. Experts from the two countries will discuss the issues of renewable energy, implementation of energy efficiency systems in buildings and many others. The participants will also visit Minsk's heat electric generation plant No2 and the substation Kolyadichi. SEE: Belarus-Germany cooperation
Belarus expands geography of insurance: It covers 3% of all export
Belarus expanding insurance services export Why is it profitable to insure contracts with foreign companies and how does it affect the development of export? These questions were discussed during the international conference in Minsk. Lately, there has appeared a tendency to insure contracts in Belarus. The insurance cover contracts with more than 50 countries. Both governmental and private enterprise can make their contracts safe.

09.10.2016

Saint Petersburg interested in Belarusian dairy and meat products
Saint Petersburg interested in Belarusian dairy and meat products Belarus and Saint Petersburg plan to increase their turnover up to 2 billion dollars. On October 7, a number of agreements were signed between Belarus and Saint Petersburg. As it was announced, Saint Petersburg is still interested in Belarusian dairy and meat products, and it plans to purchase the transport produced in Belarus. The construction industry might become a very beneficial sphere of cooperation. It is planned to build Belarus Town in Saint Petersburg and Saint Petersburg Town in Minsk.
Alexander Lukashenko comments on gas problem with Russia
Alexander Lukashenko comments on gas problem with Russia One more disputable economic question that sometimes becomes a political issue was mentioned by President Lukashenko during his speech in the Oval Hall of the Belarusian Parliament. The topic is old for the relations between Russia and Belarus. At the same time, it is a key topic. The words oil and gas mean a lot.

08.10.2016

Alexander Lukashenko about business in Belarus: “We need to provide people with favorable conditions without excessive limitations”
Alexander Lukashenko about business in Belarus: “We need to provide people with favorable conditions without excessive limitations” Restructuring of the economy, the importance of business and cooperation with world’s powers were among the issues discussed by the President in the Oval Hall of the Government House on October 7.  Hard and important work lies ahead of the MPs of the 6th convocation. The most important topics are economy, social sphere, international cooperation and Belarusians’ well-being. The former parliamentarians hand over mandates to new MPs. There are hundreds of draft bills. The MPs of the 6th convocation have even more work ahead of them.
Support of small and medium-sized businesses is national priority, says Belarusian MP of 6th convocation
Support of small and medium-sized businesses is national priority, says Belarusian MP of 6th convocation Restructuring of the economy, the importance of business and cooperation with world’s powers were among the issues discussed by the President in the Oval Hall of the Government House on October 7. Hard and important work lies ahead of the MPs of the 6th convocation. The President underlined that at first, it is necessary to address all the issues in the Oval Hall. The most important topics are economy, social sphere, international cooperation and Belarusians’ well-being.

07.10.2016

Belarus to strengthen responsibility for failure to comply with barrier-free environment requirements
Belarus to strengthen responsibility for failure to comply with barrier-free environment requirements Among the issues considered by the MPs during the last session of the parliament of the 5th convocation are a number of bills in the economic sphere, youth policy, and the Convention on the Rights of Persons with Disabilities. It is expected that its ratification will create additional guarantees for people with disabilities.
Alexander Lukashenko's visit to Pakistan: 15 agreements concluded
Alexander Lukashenko's visit to Pakistan: 15 agreements concluded The Belarus President has ended the official visit to Pakistan. The agreements achieved will become an impetus for the further dynamic development of the relations. Minsk and Islamabad agreed to deepen friendly relations and achieve turnover of a billion dollars in 4 years. The Belarus President's negotiations with the most influential politicians of Pakistan ended almost in the plane.

06.10.2016

Upper chamber of Belarus parliament approves budget for 2017
Upper chamber of Belarus parliament approves budget for 2017 On October 6, Belarusian senators approved the draft budget for 2017. The budget retains social orientation and takes into account Belarus' loan obligations.  The thickness of the 'national purse' will be the same as in 2016, while the consolidated budget will grow by 6%. The tax burden on the economy will fall. The 2017 budget is conservative, while its profitability has been calculated on the basis of oil prices at $35 per barrel.
Alexander Lukashenko demands Belarus-Pakistan trade at $1bn by 2020
Alexander Lukashenko demands Belarus-Pakistan trade at $1bn by 2020 Belarus-Pakistan relations are on the way to $1 billion. The official visit of Alexander Lukashenko to Pakistan is intensifying relations between the two countries. The contracts and their worth speak for themselves. The first-ever delivery of BelAZ, a joint venture for the production of special equipment and a major contract of Belarus' tire manufacturers. In the list of priorities are light industry, interbank cooperation and the implementation of infrastructure projects.
Relations based on mutual trust: official visit of Alexander Lukashenko in Pakistan
Relations based on mutual trust: official visit of Alexander Lukashenko in Pakistan Belarus and Pakistan are going to develop friendly relations on the principles of mutual trust and cooperation. Alexander Lukashenko is on an official visit to Islamabad. The Head of State held talks with Pakistani Prime Minister Nawaz Sharif. One of the agreements is to bring trade turnover to $1 billion a year. Also, Alexander Lukashenko took part in the opening of bilateral business and investment forum.
Salaries in Belarus to increase by 9% in 2017
Salaries in Belarus to increase by 9% in 2017 Belarus' draft budget for 2017 has been adopted. In the second reading, the absolute majority of deputies voted for the draft of the main financial document. It will retain social orientation. One-third part of the budget will be earmarked for state programs: in education - for the development of innovative approaches, while in health care focus will be made on affordability and quality. Payroll fund will increase by 9%, while labor pensions will be increased twice.

05.10.2016

Days of Saint Petersburg to start in Minsk on October 6
Days of Saint Petersburg to start in Minsk on October 6 The Days of Saint Petersburg will start with the business forum that will be held in Minsk on October 6. The business communities of Russia and Belarus will take part in the event. The official delegation is planning to visit a number of enterprises and industrial plants. It is planned to sign a number of agreements on cooperation. After all business meetings are over, there will be a concert of a chamber orchestra from Saint Petersburg near the City Hall.
Priorities of Belarus’ social and economic development for 2017
Priorities of Belarus’ social and economic development for 2017 The main targets of the social and economic development of Belarus for 2017 were established. The President signed the corresponding document. Inflation is one of the key points. It should not be increased by 9% during 12 months. It is expected to receive direct investment worth 1.5 million dollars. The document allows for a positive dynamics in foreign trade. Belarus needs to sell 3.8% more domestic products in 2017. Besides, the President approved principal directions in the monetary policy of Belarus.
Lipetsk region of Russia interested in quality of Belarusian roads, agricultural machinery
Lipetsk region of Russia interested in quality of Belarusian roads, agricultural machinery Belarusians will build roads in Russia. Administration of Lipetsk Region of Russia visited new facilities in Minsk and the Minsk region, in particular the second ring road, and praised the level of work. In addition to roads the parties are interested in the promotion of engineering products. A sales office for sales of Belarus-made machinery is already operating in the Lipetsk region. In general, the bilateral trade turnover increased by 8% since the beginning of 2016 and exceeded $124 million.
Half of budget expenses to be earmarked for social policy in Belarus in 2017
Half of Belarus' budget expenses to be earmarked for social policy in 2017 Representatives of the House of Representatives have adopted the draft budget for 2017 in the second reading. It was approved by a majority vote.  State revenues were approved in the amount of more than BYN18 billion, expenses over BYN16 billion. Over 40% of planned revenues will come from value-added tax.
What is Belarus' main socio-economic development goal for 2017?
What is Belarus' main socio-economic development goal for 2017? Growth of competitiveness of the economy is the main goal for the next year. The President of Belarus signed a decree on the socio-economic development for 2017. Ensuring macroeconomic balance, financial recovery of the real sector companies, the growth of labor productivity, creation of new jobs - these tasks are named the key ones in the document. The GDP in the coming year is projected at 101.7%. On 4 October, the President, in a decree, approved the monetary policy guidelines for 2017. It will maintain continuity and facilitate
Contracts worth several million dollars: Pakistan interested in Belarusian textile and tires
Contracts worth several million dollars: Pakistan interested in Belarusian textile and tires The Belarusian head of state on October 5 will take part in a business forum in Pakistan. Businessmen of the two countries were thoroughly prepared for business negotiations and demonstrate positive dynamics of cooperation. For example, a test batch of Belarusian yarn worth a quarter of a million US dollars made it possible to study and gain a foothold in the textile market, and the overall portfolio of Bellegprom concern's contracts yesterday increased by 3 and a half million.

04.10.2016

Belarus' Bellegprom concern sign $3.5m worth of contracts in Pakistan
Belarus' Bellegprom concern sign $3.5m worth of contracts in Pakistan A Belarusian delegation led by Deputy Prime Minister Vladimir Semashko has already been in Islamabad for a day, ahead of Belarus' President Alexander Lukashenko's state visit. The delegation includes numerous businessmen and heads of ministries. On October 5, the capital of Pakistan will host a business forum. But a number of meetings and successful negotiations have already been held. On October 4 the company Bellegprom signed contracts worth $3.5 million.
11 countries taking part in Belarusian Transport Week
11 countries taking part in Belarusian Transport Week Construction of the second runway at Minsk National Airport is scheduled to be completed by 2018. This was one of the topics of the Belarusian Transport Week, which is underway in Minsk. Logistics, transit and of course mutual interests are in the center of attention in the Belarus capital this week, with some big players coming. Among the exhibitors are Russia, Ukraine, Lithuania, Latvia, Poland, Germany, and China. Taking part in the business forum are 11 countries.
Salary of Belarus' public sector employees to increase by 9% in 2017
Salary of Belarus' public sector employees to increase by 9% in 2017 The parliament of the 5th convocation in Belarus is completing its work, but before handing over the authority the MPs need to adopt and endorse the main financial document of the next year - the budget.
Estonian delegation visiting Minsk: Investment attraction issues in focus
Estonian delegation visiting Minsk: Investment attraction issues in focus Belarusian and Estonian delegations met in Minsk on October 3. A delegation from the Tallinn district of Lasnamäe is on a four-day visit to Minsk. In particular, for Partyzansky distict, this is a new partner in trade and economic and cultural relations. In turn, Estonian colleagues are interested in drawing on Belarusian experience in the industrial sector, inbound medical tourism and cooperation in the sphere of housing and communal services.

03.10.2016

Contracts worth billions of dollars: effect from Belarus’ President visit to China
Contracts worth billions of dollars: effect from Belarus’ President visit to China As much as 11 billion dollars is the effect from the Belarusian President’s visit to China. This is the sum of all real and expected contracts. Mechanical engineering, high technologies, education, agriculture are the spheres that are part of the economic cooperation between Belarus and China.
Belarus’ budget for 2017: project’s income included in budget is higher
Belarus’ budget for 2017: project’s income included in budget is higher The draft budget for 2017 was adapted during the first reading in the Parliament on October 3. The draft budget provides for an increase in health, education and research spending. There will be more funds for the payment of maternity capital. As noted by the MPs, the document is based not on economic assumptions but on the realities of the time. In comparison with 2016, it is expected to have increase of income by 6%. The draft budget provides for an increase in pensions.
Belarus to continue new loan program talks with IMF in the near future
Belarus to continue new loan program talks with IMF in the near future Belarus will continue talks with the IMF on a new loan program in the near future, said chairman of the National Bank of Belarus Pavel Kallaur after the meeting with the President. On October 4, the Belarusian delegation will leave for Washington to take part in the annual meeting of the International Monetary Fund.
Economic prospects Belarus and Moldova: joint business forum opens in Chisinau
Economic prospects Belarus and Moldova: joint business forum opens in Chisinau Economic prospects Belarus and Moldova are being discussed in Chisinau on October 3. A joint business forum has opened there. The Belarusian side was represented by Prime Minister Andrei Kobyakov. Belarus is now among the top ten trade partners of Moldova. And in spite of the difficult situation in the region and the world, the bilateral trade figures are encouraging. For the first half of 2016, the turnover increased almost by 10% and amounted to almost $150 million.
Belarusian parliament considering draft budget for 2017
Belarusian parliament considering draft budget for 2017 The draft budget for 2017 is being considered in the House of Representatives, the lower chamber of the Belarus parliament, on October 3. The ninth session opened today is the final for the MPs of the fifth convocation. The parliamentarians began work on the main financial document in the spring. It was assessed today in the first reading in the Oval Hall. The draft budget provides for an increase in health, education and research spending. There will be more funds for the payment of maternity capital.

02.10.2016

Nuclear power plants in Slovakia and Austria: How and why nuclear stations differ in center of Europe
Nuclear power plants in Slovakia and Austria: How and why nuclear stations differ in center of Europe This topic is delightful for some people, for some people it is very alarming issue. The most powerful source of energy will appear in Belarus soon. It’s clear that we are talking about the Belarusian nuclear power plant. It has been recently presented in Austria. Our special correspondent Yana Shipko visited two power plants with completely different histories.

01.10.2016

Belarus’ President state visit to China: $11 billion is sum of potential contracts
Belarus’ President state visit to China: $11 billion is sum of potential contracts The first economic results of the state visit of Alexander Lukashenko to China have been announced today. About $11 billion is the sum of the contracts that will be implemented. All the documents signed in Beijing are falling into four categories. The documents are related to political, investment, trade and humanitarian sphere.

30.09.2016

Alexander Lukashenko about China-Belarus Industrial Park: Project demonstrates to Europe and whole world growing technological level of China
Alexander Lukashenko about China-Belarus Industrial Park: Project demonstrates growing technological level of China The China-Belarus Industrial Park should become a showpiece project. This was an announcement made by Belarus’ President speaking with students of the Beijing University on September 30. It was said that the Park would be the pearl of the Silk Road. At the same time, it could become an international project, as various companies from different countries are eager to participate in it.
Andrei Kobyakov: New enterprises to ensure three quarters of volume growth by 2020
Andrei Kobyakov: New enterprises to ensure three quarters of volume growth by 2020 Small and medium-sized businesses will provide the Belarusian economy with three quarters of the volume growth. That was an announcement made by Prime Minister Andrei Kobyakov. During his working trip to Minsk region, Andrei Kobyakov studied the growth of regional enterprises, creating of new job places and other issues of public and private partnership.
Agriculture of Belarus: problems and achievements
Agriculture of Belarus: problems and achievements Last week, the Rosselkhoznadzor sanitary watchdog of Russia introduced restrictions on the import of Belarusian products of several enterprises. For many years, aid to agriculture has been one of the main items of the budget's expenditures. The agro-industrial complex of Belarus has received about $40 billion. Food security problem has long been solved in Belarus. Moreover, each year revenues from food exports increase. It is several billion dollars annually. But the flip side of this process is that agricultural enterprises have got accustomed to sitting on state subsidies.
Belarus and Poland to sign five international cross-border cooperation treaties
Belarus and Poland to sign five international cross-border cooperation treaties Belarus and Poland will sign five international treaties in the field of cross-border cooperation. The agreements will be prepared before the end of 2016. These are the results of the XI session of the Belarusian-Polish Intergovernmental Coordination Commission, which took place on September 29 at the Foreign Ministry of Belarus. 
Alexander Lukashenko to visit Beijing University September 30
Alexander Lukashenko to visit Beijing University September 30 The architecture of mutual benefit is based on the foundation of strong friendship. Belarus and China have achieved a high degree of trust in the relations. The visit of President of Belarus to China continues. It is expected that on September 30, Alexander Lukashenko will visit Peking University, where he will meet with the leadership of the university, students and answer their questions.

29.09.2016

EU welcomes Belarus' steps to improve investment climate The European Union welcomes the measures taken by the Belarusian government to improve the investment climate. This was announced on September 29 in Minsk by Head of Unit at the Directorate-General for Neighborhood and Enlargement Negotiations of the European Commission Vassilis Maragos.
Vladimir Amarin: Belarus' cooperation with China is acquiring credit and investment nature
Vladimir Amarin: Belarus' cooperation with China is acquiring credit and investment nature During the current state visit of the Belarus President to China the two nations plan to sign about 30 documents in all areas. On the eve of the arrival of Alexander Lukashenko a Belarusian delegation composed of members of government, heads of ministries and departments, directors of major industrial enterprises arrived in the capital of China. They already have held a number of fruitful meetings and talks with Chinese partners.

28.09.2016

Nuclear safety is Belarus' absolute priority
Nuclear safety is Belarus' absolute priority Belarus presented in Vienna a layout of the Ostrovets NPP, which is currently under construction. Austria is hosting a session of the General Conference of the International Atomic Energy Agency. September 27 was Belarusian day at the forum. Our delegation once again called its nuclear safety priorities. In addition, Belarus invited the IAEA mission, which would provide a comprehensive assessment of the object being built. After that, the Belarusian NPP will conduct the first stress tests.
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.

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