You are here

Economy & business

31.05.2016

Automatic control of transit goods in 4 Belarusian checkpoints from June 1
Automatic control of transit goods at 4 Belarusian checkpoints to begin June 1 Belarusian customs has introduced contactless automatic release of transit goods. This means that a computer, not an official, will control trucks. The experiment began in November 2015 at the checkpoint Bruzgi-2. The contactless system reduced the queues and saved time, because about 4,500 trucks undergo customs clearance every day. 
MAZ-MAN shares now available for sale
MAZ-MAN shares now available for sale MAZ-MAN shares are now available for sale. Minsk's automobile plant offers 3,900 shares, or nearly 45% of the authorized fund of Belarusian-German company. The total cost of the package is $1,808,000. The future owner has the right for installments during six months. However, the shares will be transferred to the new owner's account only after payments are complete.
Financial Diet by Kirill Rudyi now available in English
Financial Diet by Kiryl Rudy now available in English Minsk hosted a presentation of the English version of the book by Kiryl Rudy Financial Diet. It is about reforming the system of public finances and rational spending of budget money. Separate issues of private and foreign investment can be found under the cover of the new edition. By the way, a separate version of the book in English has been created specifically for potential investment partners of Belarus.

30.05.2016

EurAsEC Anti-Crisis Fund to be renamed Eurasian Fund of Stabilization and Development
EurAsEC Anti-Crisis Fund to be renamed Eurasian Fund of Stabilization and Development The EurAsEC Anti-Crisis Fund will be renamed the Eurasian Fund of Stabilization and Development. This idea was supported 27 May by the upper chamber of the Belarus parliament. This reshuffle is not just a name change but an important functional reform. After the entry into force of the amendments part of the fund's profits will be used to the provision of grants to finance programs in the social sector, education and health care in low-income countries.
Matyushevsky: Belarus economic policy will be flexible and adaptable to external changes
Vasily Matyushevsky: Belarus' economic policy will be flexible and adaptable to external changes The economic policy of the Government of Belarus will be flexible and adaptable to external changes. All this will allow achieving economic growth in the second half of 2016, said May 27 First Deputy Prime Minister Vasily Matyushevsky at a joint session of the two chambers of the Belarusian Parliament. Emancipation of business initiative has been called one of the components of economic growth. Financial resources for business will become more affordable. 
BelAZ to supply mining equipment to Oman
BelAZ to supply mining equipment to Oman BelAZ mining equipment will be delivered to Oman. On 27 May, a delegation from that country visited the Zhodino-based company BelAZ. Specific co-operation projects were also discussed during meetings with Belarus' government. Belarus considers Oman one of the most promising trade and economic partners in the Middle East. There is a growing number of contacts between representatives of business circles of the two countries. At the same time, the sides will have to enhance cooperation, including in the investment sphere.

29.05.2016

Legends and facts about Belarus' tractor producer MTZ
Legends and facts about Belarus' tractor producer MTZ Amkodor machinery and other well-known Belarusian equipment gathers fan groups in social networks. The tractors Belarus have such fan clubs too. These days, by the way, the Belarusian tractor and tractor workers celebrate their 70th anniversary. On May 28, they even staged a tractor parade in Minsk. In principle, Belarusian tractors can take part not only in parades but also in races. Irina Zhivaeva reports about the most interesting facts in MTZ history and recent developments.
Alexander Lukashenko: Belarusian products in demand around the world. We must learn to sell them
Alexander Lukashenko: Belarusian products in demand around the world. We must learn to sell them The word "crisis" has already set our teeth on edge. But the crisis has also good consequences sometimes. It teaches us to prudently use the resources, to manage the budget in German style, not at random. The crisis will quickly teach Belarusian companies to sell machinery and other products on external markets instead of sitting idly and waiting for clients. This was the thought expressed by President Lukashenko during his Friday visit to the Pinsk plant of the engineering holding company Amkodor. Our correspondent Yuliya Beshanova visited the plant too.
Alexander Lukashenko: Belarus has everything for annual GDP growth
Alexander Lukashenko: Belarus has everything for annual GDP growth Let's start with the economic topic, which is the main one in politics and in "kitchen debates". Different economic topics are on people’s lips, for example, the introduction of new banknotes in Belarus. It will happen in a month and stores are already preparing us to the new price tags (without the four zeroes). The ruble's face value will become closer to major world currencies. But not only the ruble. 

26.05.2016

EBRD to finance repair of treatment facilities in Orsha, Polotsk and Lida
EBRD to finance repair of treatment facilities in Orsha, Polotsk and Lida The European Bank for Reconstruction and Development (EBRD) intends to finance the repair of treatment facilities in Orsha, Polotsk and Lida. The relevant documents will be signed before the end of 2016. The bank is already implementing similar projects for the renovation of water canals in Vitebsk, Slonim and Baranovichi. The main objective of such support is to ensure financial stability and improve the tariff policy of water management farms.
New rules for foreign workers introduced in Belarus
New rules for foreign workers introduced in Belarus The Belarus government has adopted new rules for foreign workers. The concept “qualified worker” has been introduced in the law on migration. Specific requirements have been listed for such specialists. For them, special work permission will be issued for two years. Other foreigners can work in Belarus under one work permission document during a period not exceeding one year.
Belarus plans at least 2.5% GDP growth by 2020
Belarus plans to restore economic growth in 2016-2020 Belarus plans to reach the economic growth that is not below the world average, which is 2.5-3.5 percent. On May 26, the President discussed with the government the main goals of Belarus' socio-economic development for the next five years. The country should restore the losses and reach a positive trend.
Belarus, France start 2nd session of joint commission for economic cooperation
Belarus, France start 2nd session of joint commission for economic cooperation The second meeting of the joint commission for economic cooperation of Belarus and France started in Paris May 26. The French capital is hosting these days the first Belarusian-French Business Week. During the meeting, the participants will discuss prospects of development of trade-economic and investment cooperation, the possibility of creating a favorable business climate, as well as cooperation in the fields of agriculture, energy, transport and tourism. 

24.05.2016

Small and medium business in Belarus to get more favorable conditions
More favorable conditions promised to small and medium business in Belarus Under what conditions will small and medium businesses operate? The Ministry of Economy of Belarus is developing a strategy designed to run until 2030. Among the experts working on the document are representatives of various ministries, departments, the business community and the office of the International Finance Corporation in Belarus. The strategy of development of small and medium-sized enterprises is to provide favorable conditions for business, officials say.
Maxim Korshekevich, head of the Main Directorate of the Office of the Council of Belarus' Trade Unions Federation
Unemployment insurance may appear in Belarus Belarusian trade unions are in favor of innovations in the country's legislation: they would like to introduce insurance for unemployment or bankruptcy of the employer.    Increased competition in the labor market requires additional guarantees for workers. Mechanisms and conditions for new types of insurance for Belarus were developed in conjunction with specialists from various ministries, the National Academy of Sciences, and the deputies of the State Control Committee. The developments will now be forwarded to the government for discussion.
Belarus-Russia Forum of Regions to bring together leading manufacturers
Belarus-Russia Forum of Regions to gather leading manufacturers Preparations for the Forum regions of Belarus and Russia, which will bring together the leading manufacturers of the two countries, are completing in Minsk. The large-scale exposition of the economic and export potential will start in early June 2016. 

23.05.2016

Riga Mayor opens Latvian store in Minsk
Riga Mayor opens Latvian store in Minsk Riga Mayor opened a store with Latvian products in Minsk. That EU country long ago decided that Belarus is one of the most promising markets. Mayor Ushakov is a frequent guest in Belarus. Recently, he has said that after the last visit to our country, Belarusian sausage he had bought at a Belarusian store did not make it to Latvia: it was eaten by the delegation on their way home. The program "Week" talked to Mr Ushakov about the taste of economic cooperation.
Pavel Latushko, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the French Republic
Belarusian-French Business Week to start in Paris May 23 The Belarusian-French Business Week starts in Paris May 23. It will be the first of its kind in the history of the partnership between the two countries.  In the framework of the meeting, there will be held numerous meetings between the representative bodies of state administration of Belarus and France responsible for cooperation in various sectors of the economy: machine-building industry, agriculture, construction, trade and others. Particular attention will be paid to business negotiations.

22.05.2016

Why is Belarusian vocational education in demand in the world?
Why is Belarusian vocational education in demand in the world? WorldSkills competition is an advertising of blue-collar occupations. The world championship, or "Labor Olympics", under the title WorldSkills Belarus 2016 was held in Minsk this week. It is no coincidence that Belarus hosted it! Our country has maintained a system of vocational training and continues to train highly skilled workers. Our correspondent Ilona Volynets found out the secrets of Belarusian vocational education.
What are the pros of Belarus' transport system?
What are the pros of Belarus' transport system? This week, the first train from distant China with construction materials for the industrial park "Great Stone" arrived in Minsk region. Another related news: a river tourist route opens between Grodno and Lithuanian Druskininkai from early summer 2016. So water transport is not forgotten either, though Belarus is a land-locked country. But the leader is motor transport: cargo transportation has occupied first place in the export of services since the beginning of 2016. And then there is also subway and horse-drawn carriages - which are still a traditional means of transport in the

20.05.2016

President Lukashenko offers Italian businesses to more actively invest in Belarus
President Lukashenko offers Italian businesses to more actively invest in Belarus The President of Belarus has begun a two-day official visit to the Italian Republic and the Vatican. The plane of the head of state landed today in Rome's airport Ciampino. Alexander Lukashenko was welcomed near the plane by officials from Rome and the Vatican, as well as by representatives of diplomatic corps. At the airport, the President of Belarus had a brief conversation with the Minister Plenipotentiary of the Diplomatic Protocol Service of the Ministry of Foreign Affairs and International Cooperation of Italy.
Talks between Belarus, Italy presidents: Business council needed for stepping up business cooperation
Talks between Belarus, Italy presidents: Business council needed for stepping up business cooperation The CTV Channel has just received details of the talks between the President of Belarus with Italian President Sergio Mattarella.

17.05.2016

Belarus sees progress in gas talks with Russia
Belarus sees progress in gas talks with Russia The Ministry of Energy of Belarus notes progress in the negotiations on gas with Russia, said on May 17 head of the ministry Vladimir Potupchik after a round of talks with his Russian counterpart Alexander Novak. Belarus counts on the revision of the formula of payment for natural gas provided by an intergovernmental agreement. The final decision is still pending. However, according to Mr Potupchik, "the Russian side begins to hear and understand us." The partners plan to hold the next negotiating round in Moscow later this month.
Export growth and new jobs: What tasks is Belarus government facing in Q1 2016?
What economic tasks is Belarus government facing in Q1 2016? Export growth, creation of new jobs and prevention of decrease in agricultural production volumes are the economic tasks the Belarus government is facing in Q1 2016. In recent years, it implemented a number of measures for macroeconomic balancing. As a result, during the first months of 2016, balance has been achieved in domestic foreign exchange market and the size of foreign exchange reserves was kept. Moreover, about 7,000 people were employed through the creation of new industries.
Eurasian Economic Commission, China plan to sign trade-economic cooperation deal
Eurasian Economic Commission, China plan to sign trade and conomic cooperation deal The Eurasian Economic Commission (ECE) and China are planning to sign an agreement on trade and economic cooperation, said ECE Minister Veronika Nikishina after the ECE Council meeting in Moscow on May 16.  The parties will talk over this issue in detail by in the near future.
Belarus plans to reduce state support to enterprises - draft Presidential decree
Belarus plans to reduce state support to enterprises - draft presidential decree Measures to ensure a balanced budget were discussed at a May 17 meeting with the Belarusian head of state. The main task is to reduce budget costs by reducing state support for enterprises. A related decree was signed in Belarus in February 2016, according to which state-run enterprises were to get recuced compensation for interest payment from the state budget. On May 17, further steps along these lines were talked over. Some specific mechanisms of action were raised. 

16.05.2016

Belarusian-French business week underway in Paris
Belarusian-French business week underway in Paris The business circles of Belarus are preparing for another large-scale meeting with foreign partners. In Paris, the Belarusian-French Business Week will be held May 23-27. It will be the first of its kind in the history of the partnership between the two countries. In the framework of the meeting, there will be held numerous meetings between the representative bodies of state administration of Belarus and France who are responsible for the development of cooperation in various sectors of the economy: industry, agriculture, construction, trade and others. 
First train from China arrives in Belarus after two-week journey
First train from China arrives in Belarus after two-week journey The first train with Chinese cargo arrived in Kolyadichi, near Minsk, on May 16 after a long route along the so-called Silk Road. More than 40 containers were on their way to Belarus from the city of Baoding for about two weeks. The new rail route is another next step in implementing the large-scale project "One belt - one way." Experts have noted its high commercial value. Delivery of goods by train takes almost three times less than by sea.

15.05.2016

Mikhail Myasnikovich about Belarusian-Indian tractor and Bollywood films - exclusive interview to the TV program Picture of the World
Mikhail Myasnikovich about Belarusian-Indian tractor and Bollywood films - exclusive interview to the TV program Picture of the World Simultaneously with the opening of the Turkmen embassy in Minsk, a Belarusian house was being opened in an Asian country. A service repair house in India. Now it will be able to fully serve 'Belarusian elephants' - BelAZ trucks that India intends to buy from us. That country is interesting, unusual and not that simple. Later we will watch the special report on India but now let's watch an interview with chairman of the upper house of the Belarus parliame
Belarusian flax worth $1 million and reason why Indian students want to study in Minsk: results of Belarus-India business forum
Belarusian flax worth $1 million and reason why Indian students want to study in Minsk: results of Belarus-India business forum Our special correspondent Olga Petrashevskaya has more details on the visit of the Belarusian parliamentary delegation to India. Let’s watch this story. If we imagine that the world economy is a road, then it can be said that India a giant racing car moving at an enormous speed. It is difficult to overtake it when it comes to the rate of growth. However, if you join its pace and try to stay close, you may succeed.

13.05.2016

Priorities of Belarus-China cooperation discussed May 13
Priorities of Belarus-China cooperation discussed May 13 The priorities of the bilateral cooperation on May 13 were discussed by the Belarusian government at a meeting with a delegation from China. It came to our country to participate in a working group meeting on the construction of the Chinese-Belarusian Industrial Park Great Stone. This project has already been called the pearl of the economic belt of the Silk Road. Now it's time to review the implementation of that project. Belarus regards China as a strategic partner in trade, economic, credit and investment, scientific-technical and other areas.
Belarus-India business forum: Visas, flight links and 13 cooperation agreements
Belarus-India business forum: Visas, flight links and 13 cooperation agreements The Belarusian-Indian business forum in Delhi brought together several dozen Belarusian companies on May 12. Taking part in it was the Belarusian parliamentary delegation headed by speaker of the upper house of the parliament, who is visiting Delhi these days. The forum brought together chiefs of both state-owned enterprises and representatives of private business. The sides signed 13 cooperation agreements in New Delhi. The largest Belarusian enterprises MAZ, MTZ, BelAZ, Mogilevkhimvolokno and Orsha Linen Mill signed contracts with Indian companies.
BelAZ service center to open in India May 13
BelAZ service center to open in India May 13 The Belarusian automobile giant is expanding the boundaries. BelAZ service center is going to open in the Indian city of Nagpur May 13.  This event was preceded by the signing of a tripartite agreement between the Belarusian manufacturer and Indian companies on the long-term maintenance of equipment and BelAZ supply guarantees. Taking part in the opening ceremony will be speaker of the upper chamber of the Belarusian parliament Mikhail Myasnikovich, who is on a visit to India. 
From trade to space programs: Belarus, Russia discuss cooperation on May 12
Belarus, Russia discuss trade, joint space program May 12 The construction of the Belarusian nuclear power station, transport safety and the creation of a common information space. Joint Belarus-Russia programs were discussed in Mogilev on May 12. The city hosted a meeting of the Council of Ministers of the Belarus-Russia Union State. Taking part in it were the heads of government of the two countries. The sides discussed the nearly 30 questions. The main group of questions concerned trade and economic cooperation.

12.05.2016

Belarus to organize trolleybus traffic in Indian cities: "We know how to do this job"
Belarus to organize trolleybus traffic in Indian cities: 'We know how to do this job' A Belarusian-Indian business forum, which brought together several dozen domestic companies, started in New Delhi May 12. Taking part in it is Belarus' parliamentary delegation headed by speaker of the upper house of the parliament. The forum brought together leaders of both state-owned enterprises and representatives of private business. It is known that today the business community has added some specific projects to preliminary agreements.
Free trade may be established between India and Eurasian Economic Union
Free trade may be established between India and Eurasian Economic Union One of the largest economies in the world is ready to establish close contacts with Belarus. Belarusian parliamentarians, headed by the Chairman of the upper chamber of the parliament, are visiting India. On May 11 Mikhail Myasnikovich met in Delhi with Indian President Pranab Mukherjee. The speaker of the upper chamber of the Belarusian parliament voiced the initiative to establish free trade regime between the Eurasian Economic Union and India. 
India interested in supplies of Belarusian flax
India interested in supplies of Belarusian flax The first meeting of the working group on textiles has been held within the framework of the visit of the parliamentary delegation of India. The sides discussed an increase in export and identified new areas of cooperation, particularly in the fashion industry. India is interested in supplies of Belarusian flax. Given the hot climate of that South Asian country, Belarus' natural fabrics are in demand there.

09.05.2016

Bread from field to furnace: Which is given to the President?
Breadbaking and selection in Belarus: From field to furnace What dough is used to bake a Belarusian loaf, which is known far outside the country? What bread is served at the presidential table? The International Bread Forum was held in Belarus. Let’s watch the report of our correspondent Anastasia Benedisyuk about bread baking industry in Belarus.

08.05.2016

Belarus-India cooperation: from trolleybuses to information technologies
Belarus-India cooperation prospects: from trolleybuses to IT The Minsk Motor Plant has been producing engines for half a century. MAZ, BelAZ and MTZ are over 70 years old each. But the trolleybus is the product of modern Belarus. It is in demand in Russia and other former Soviet countries. Now Belarusian producers are going to tempt... India. One of the largest economies in the world, with the second largest population on earth, it has not yet "mastered" trolleybuses! Why not offer them these products?
President Lukashenko visits Minsk Motor Plant
President Lukashenko visits Minsk Motor Plant, states need to breathe new life in entire industry When everything is all right, people tend not to think about the future. From the rostrum of the All-Belarusian People's Congress, the authorities are going to declare state guidelines. There is no doubt that export will remain the major challenge for the Belarusian economy. Also out of doubt is the fact that the "assembly shop" under the name Belarus will continue to produce vehicles. This was confirmed by President Lukashenko who visited Minsk Motor Plant on Friday. Yevgen

06.05.2016

Alexander Lukashenko to visit Minsk Motor Plant
Alexander Lukashenko to visit Minsk Motor Plant Belarus President Alexander Lukashenko is going to visit Minsk Motor Plant on 6 May, 2016. It’s the leading manufacturer of diesel engines in the CIS. Alexander Lukashenko will be informed about the state and prospects for further development of the industrial holding plant. Tasks set by Belarus President concerning domestically produced engines, structural assembly of different types of engines and product differentiation are to be discussed as well.
National Bank of Belarus
Downward interest rate trend in Belarus to remain Downward interest rate trend on credit in Belarus is to remain. The National Bank of the Republic of Belarus believes in the further reduction of the interest rates, with the latter having changed on 1 May, 2016 to 22% per annum now.

05.05.2016

Best export enterprises in Belarus named
Belarus names the best exporters Belarus has chosen the best exporters. This year's honorary prizes were given to representatives of more than 40 leading companies of the republic. The geography and volume of deliveries of each producer were considered when determining the winner. For example, the exporter of the year in metallurgical engineering industry paved the trade routes to 56 countries, while an IT development leader delivered nearly 100 percent of the intellectual goods. By the way, the majority of laureates' sales abroad exceeded $25 million.
Production plant in Belarus
Minsk authorities, businessmen in dialogue to improve business conditions New production plants and development of logistics centers give Minsk residents advanced possibilities. All in all it concerns economic growth. And new workplaces in particular. Like nobody else, Natalya Rubleva has deep knowledge of heating systems. Every third family in Minsk has her heating boilers installed. Her husband and two sons are in the business as well and working 24 hours together makes their personal and professional relations even stronger.
Belarus' ATMs to be "reloaded" after July 1 redenomination
Belarus' ATMs to be out of function on July 1 redenomination day The National Bank said that ATMs in Belarus will be out of function on July 1 because of the re-denomination. It was announced that software update will be underway the whole day. Also, banks have received a recommendation to use banknotes worth 5, 10, 20, 50 and 100 rubles to load ATMs. The largest one - worth 500 rubles - will be available in banks only upon request. More on redenomination in Belarus
Bread Forum in Zhodino gathers over 100 domestic and foreign experts
Bread Forum in Zhodino gathers over 100 domestic and foreign experts The first bread forum in Belarus started on May 4. The town of Zhodino gathered more than a hundred domestic and foreign experts in the field of plant breeding, seed production and grain processing. They will share best practices. Belarusian bakers advantage is their ability to create something new while preserving long-standing traditions. Each year, Belarus produces more than 500,000 tons of bakery products of about 200 varieties. For taste, flax seeds, sesame seeds, prunes and walnuts are added to some of them.

04.05.2016

Italian delegation visiting Gomel: Science cooperation in spotlight
Italian delegation visiting Gomel: Scientific cooperation in spotlight From charitable assistance to equal partner relationships in the economic and scientific spheres. An Italian delegation is visiting Gomel. The visit is timed to the 30th anniversary of the Chernobyl accident. Guests are from the Italian region of Emilia-Romagna. The Gomel oblast has been connected with that Italian region thanks to tight humanitarian relations.
Belarus ready to deliver more vehicles to Iran
Belarus ready to deliver more vehicles to Iran Belarus is ready to increase deliveries of heavy equipment to Iran. A number of projects were discussed by the Belarusian government on May 4. As it is known, Belarus and Iran are implementing a cooperation roadmap. It provides for closer collaboration between some enterprises. One of the examples is the assembly production of MAZ trucks and buses in Tabriz. The Belarusian head of government and the minister of industry, mines and trade of Iran agreed on the further support in line with this project.
Investments and logistics: Belarus, UAE ready to implement joint projects
Investments and logistics: Belarus, UAE ready to implement joint projects Belarus and the United Arab Emirates are ready to develop cooperation in the sphere of investment and transport logistics. The Belarus President said this on May 4 meeting with a chairman of the board of directors of one of the world's largest logistics companies. This corporation controls 77 terminals in 40 countries.
Head of Chinese-Belarusian Industrial Park Andrei Gal dismissed
Head of Chinese-Belarusian Industrial Park Andrei Gal dismissed Andrei Gal has been dismissed as head of the Chinese-Belarusian Industrial Park Great Stone "for a single gross violation of labor duties". The corresponding presidential decree was published today on the National Legal Internet Portal. Another personnel decision involves the dismissal of chief of staff and first deputy commander of the Western Operational Command of Belarus' Armed Forces Oleg Melnikov.

03.05.2016

Every third working Belarusian has higher education
Every third working Belarusian has higher education Golden labour mean. The average age of a Belarusian is 41. All in all, about 4.5 million people are employed in the economy. The statistics committee estimates that the main 'male' spheres of economy are industry, construction, agriculture, hunting and forestry. Women make up a bigger share in health, education, finance, hotel and restaurant business. Moreover, every third Belarusian employee has a university degree. 
General jurisdiction courts in Belarus to become part of economic courts
General jurisdiction courts in Belarus to become part of economic courts Alexander Lukashenko met with Chairman of the Supreme Court of the Republic of Belarus on May 3. Valentin Sukalo reported to the President on the operation of the united judicial system. According to the chairman of the Supreme Court, the burden on economic courts has increased significantly and is now higher than that on general jurisdiction couts. In this regard, Mr Sukalo proposed to transfer part of general jurisdiction judges to economic courts.
Belarus, Cuba to discuss cooperation in science and technology
Belarus, Cuba to discuss cooperation in science and technology Belarus and Cuba will discuss cooperation in the field of science and technology. Havana is hosting the first meeting of the joint Belarusian-Cuban commission May 3. Talks with the Cuban Minister of Higher Education are also on schedule. During the visit, the Belarusian delegation will also visit the Academy of Sciences, University of Havana, Institute of Oncology, Center for Advanced Studies, and other academic institutions of the Liberty Island.
Belarusian Industrial Forum opens in Minsk May 3
Belarusian Industrial Forum opens in Minsk May 3 Europe's largest parade of new technologies, Belarusian Industrial Forum, opens in Minsk May 3. By tradition, it will bring together several hundred participants, including foreign ones.  Global and regional industry leaders will present the newest and cutting-edge developments in the field of industrial production, oil and gas industry and the chemical industry.
New procedures for state support provision in Belarus
New procedures for state support provision in Belarus Money will be sent only for worthy economic projects. On May 2, a decree on state programs and financial support came into force. Only investment projects within the framework of a particular government program will get support from the state budget. An investment project itself must meet the criteria of enhancing the profitability of goods and reduction of costs. The requirements are harsh but there is only one exception from the rule - a decision about the provision of state support can be taken by the Belarus President.

02.05.2016

Minsk, Beijing become sister cities
Minsk, Beijing become sister cities Mayor of Minsk Andrei Shorets has expressed hope that Beijing and Minsk will take the mutually beneficial cooperation to a new level. A delegation from the Belarusian capital went to China on an official visit, following which the sides signed an agreement on establishing twin-city relations. First of all, it concerns economy issues.
Refinancing rate in Belarus down to 22% from May 1
Refinancing rate in Belarus down to 22% from May 1 On May 1, the refinancing rate in Belarus decreased by 2 points to 22%. Such a move has been made possible thanks to the stabilization of the ruble exchange rate and inflation. Experts predict a decrease in interest rates and the growth of demand for borrowed capital.

01.05.2016

Eurasian Economic Union Court moves to Minsk
Eurasian Economic Union Court moves to Minsk A new step in the Eurasian integration has been made. Belarus signed an agreement with the Eurasian Economic Union at the Foreign Ministry in Minsk on 29 April.   The document regulates the work of the Court of the Eurasian Economic Union in Belarus. The court will consider claims of member states if, in their opinion, union bodies adopt a wrongful decision on an issue.

29.04.2016

Minimum subsistence budget to be increased in Belarus from May 1
Minimum subsistence budget to be increased in Belarus from May 1 Pensions and childbirth benefits are to be increased in Belarus. The government announced that the living wage budget will be increased from 1 May, 2016. It is considered to be a basis for the calculation of different social payments. The last time when the living wage was increased was in March 2016. Taking into account the regular reassessment, the raise will sum up to 7 per cent. The new minimum consumer budget of Belarus will be set at the beginning of May 2016.
Belarus wins half of 2016 CIS Quality Award prizes
Belarus wins half of 2016 CIS Quality Award prizes Half of the organizations that won the CIS Quality Award are Belarusian. The other six are from Armenia, Kazakhstan, Kyrgyzstan, and Russia. The prize is awarded every two years. Prizes and diplomas will be awarded to laureates and competition winners. They are also given the right to place the emblem of the competition on their products. Some 24 Belarusian companies have won the CIS Quality Award over the past 10 years. The quality and the competitive ability of their goods were praised.

28.04.2016

Days of Minsk start in Moscow April 28: What agreements have already been reached?
Days of Minsk start in Moscow April 28: What agreements have already been reached? Days of Minsk started in Moscow on April 28. The industrial potential of Minsk is represented in various branches, from confectionery to construction. What agreements have already been reached? Belarusian folk songs were going to Moscow over 700 kilometers. But music is only the background for a serious talk. Today Moscow hosted the top representatives of the Belarusian business, industry and tourism.
Belarus President: Joint ventures can be created in Indonesia
Belarus, Indonesia should establish joint ventures, Alexander Lukashenko says Belarus proposes to set up joint ventures in Indonesia. Alexander Lukashenko met with the Defense Minister of that Asian state on April 28. There are no forbidden topics in the two nations' relations. Moreover, Belarus is ready to develop cooperation not only in the military-technical, but also in the civil sphere. The ultimate goal is the export of technologies that will create a joint product for implementation in the region.
More charging stations for electric cars to appear in Belarus after NPP launch
More charging stations for electric cars to appear in Belarus after NPP launch Belarus will make more use of electricity. This resource will be in excess after the launch of Belarus' own nuclear power plant. One of the global trends is electric vehicles. For now they are a rarity in Belarus, as well as infrastructure for the maintenance of the environmentally friendly transport. Fyodor has been using a hybrid car for almost a year and compares his car to a mobile phone powered by the plug.

27.04.2016

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

26.04.2016

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

25.04.2016

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

24.04.2016

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

21.04.2016

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

20.04.2016

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

19.04.2016

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

18.04.2016

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

17.04.2016

16.04.2016

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

14.04.2016

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

13.04.2016

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

12.04.2016

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

Pages