Business news

17 Jun 2016

Lukashenko: Bringing Spartak, Kommunarka under state control was a good decision
“I do not absolutely regret the decisions I had made to retake these enterprises under state control,” the President assured. The interests of the state were a priority for him. “These enterprises should belong to the state. If they do not belong to the state, they should be fully controlled by the state, should be operated by the state,” he said...

17 Jun 2016

Belarus, Russia’s Leningrad Oblast drafting cooperation program for 2016-2018
The parties discussed matters related to the drafting of the program for trade, economic and humanitarian cooperation between the governments of Belarus and Russia’s Leningrad Oblast for 2016-2018...

17 Jun 2016

Belarusbank, China Development Bank sign $1.4bn credit agreement
The credit agreement stipulates the procedure for financing the project for building the mining and processing factory Slavkaliy using raw materials of the Nezhinskoye section of the Starobinskoye potash salt deposit in Lyuban District, Minsk Oblast...

16 Jun 2016

UK interested in cooperation with Belarus in training IT specialists
The conversation also touched upon the main areas of focus of the Information Technologies and Communications Ministry as well as the largest projects of the five-year term. Those include the creation of the Belarusian integrated service and payment system, the national system for paperless trade...

16 Jun 2016

Lukashenko: Banking system should facilitate economic development
“All systems should be normal, transparent, and understandable for our partners, including market participants in the West. I do not deny it. But the economy should work,” the head of state emphasized...

15 Jun 2016

Belarusian Innovation Fund acquires new functions
In accordance with the decree, the Belarusian Innovation Fund will get the status of an innovative infrastructure object. The maximum period of using money provided by the Belarusian Innovation Fund is increased from 5 to 7 years...

15 Jun 2016

Quality of Belarusian products praised in Tajikistan
“Cooperation agreements have been signed between the Chambers of Commerce of Tajikistan and Chambers of Commerce and Industry of Minsk, Mogilev, Vitebsk, Brest and Gomel regions. The business communities of the two countries develop cooperation at the regional level,” Sharif Said noted...

15 Jun 2016

Belarus president okays one-year respite for defaulting investors
Alexander Lukashenko said: “I am ready to look into the violation of construction contracts by investors. But I don’t want us to make a habit of dropping sanctions for defaulted obligations. Because we would once again get a massive amount of unfinished construction like that. If they promise something, they’d better stay on schedule"...

15 Jun 2016

Two Austrian companies set to invest over $500m in Belarus
The Austrian companies Velcom, Raiffeisen Bank, Kronospan and others successfully operate in Belarus. This sends a signal to other Austrian businesses that Belarus is a stable country that offers access to its own market and the market of the whole Eurasian Economic Union,” Vladimir Ulakhovich stressed...

15 Jun 2016

Belarus’ participation in Expo Dubai 2020 discussed in UAE
Ambassador Extraordinary and Plenipotentiary of Belarus to the United Arab Emirates Roman Golovchenko met with UAE Minister of State for International Cooperation and Managing Director for the Dubai World Expo 2020 Bid Committee Reem Al-Hashimy...

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