Business news

5 Dec 2019

Belarus president talks about four pillars of economic development
Economic development of Belarus will rely on efforts to raise investments, business initiative, foreign trade, and changes in the demographic situation...

3 Dec 2019

Belarusian companies sign contracts worth $120m in Belgrade
The official said: “The total sum of the contracts that have been signed is roughly $120 million. We are talking about the export of Belarusian products. It is quite a good result because, unfortunately, our trade turnover is rather modest”...

3 Dec 2019

EBRD invited to join Minsk-Great Stone rail link project
“We are at the beginning of very important work for us. It is an ambitious investment project to build a high-speed rail link between Minsk and the Great Stone Industrial Park. We are also discussing this project with other financial institutions, searching for the best deals. We would like to invite the EBRD to take part in the project, too,” Sergei Rumas said...

3 Dec 2019

EBRD investment in Belarus can reach €400m in 2019
The investment of the European Bank for Reconstruction and Development (EBRD) in Belarus’ projects can reach record high €400 million in 2019, Belarus’ Prime Minister Sergei Rumas said as he met with EBRD First Vice President Jurgen Rigterink...

2 Dec 2019

Belarus presents business opportunities at Going Global Live expo in London
The agency presented business environment in Belarus, preferences for businesses, the most promising investment projects in manufacturing, agriculture, and tourism...

2 Dec 2019

Belarus’ companies to sign $100m worth of deals in Belgrade
The Belarus-Serbia business forum will take place in Belgrade on 3 December on the sidelines of the visit of the Belarusian president to Serbia. Business people will discuss cooperation prospects in manufacturing, agriculture, petrochemical industry...

28 Nov 2019

Losses of Belarusian oil refineries due to tax maneuver estimated to reach $5.8bn by 2025
Andrei Bunakov said: “With the annual amount of processed oil at 18 million tonnes and the global price for oil at $60 per barrel, losses of the two refineries are close to $320 million in 2019 alone”...

28 Nov 2019

Europe, China show interest in high-speed railway line between St Petersburg, Hamburg via Minsk
According to Grigory Rapota, once the idea of building this railway line was mentioned, financial institutions and railway companies showed their interest. “Even humanitarians have shown their interest because it is not a simple railway project, it is a social economic one”...

28 Nov 2019

Belarus encouraged to take structural measures to reduce low GDP growth period
The period of low growth Belarus risks entering can be reduced by implementing measures of structural nature in 2020-2021. We’ve repeatedly mentioned it – the restructuring of the state sector, which will require stronger social security. It is also necessary to increase the effectiveness of the financial system”...

27 Nov 2019

Opinion: IT comes up with many traditional sectors in influence on economy
According to Dmitry Krutoi, this sector has been the main driver behind the economic growth for the past seven years. Today IT services account for 6.5% of the country's GDP...

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