Business news

24 Sep 2018

Belkommunmash plans to launch electric bus assembly plant in India
"It is important to deliver first vehicles and demonstrate their work. There is still a number of issues associated with the delivery; the duties are very high. We will discuss the issue taking into account the prospects for joint ventures"...

24 Sep 2018

Belarus’ Hi-Tech Park reports record high growth of number of resident companies, export of services
"The Digital Economy Development Ordinance does work. We can see it in the colossal growth across the board: the number of resident companies in the Hi-Tech Park is on the rise, export figures skyrocket, and there are many new startups"...

22 Sep 2018

Belarus, Russia to finalize tax maneuver compensation by 2018 year-end
Russia admits that such compensations should be awarded. The size and mechanism of compensations will be discussed additionally, the vice premier noted...

22 Sep 2018

Lukashenko: No reason to set up overlapping enterprises in Russia
He noted that if there is a company like BelAZ in Belarus, then why to set up a similar enterprise to produce heavy-duty vehicles in Russia...

22 Sep 2018

Russia’s quotas for Belarusian forwarders discussed in Sochi
"It is not normal that the Russian Federation has increased the number of quotas for Poland, Lithuania and Latvia three times over the last three years and has reduced them for Belarusian forwarders"...

22 Sep 2018

Extending repayment period of Russian loan to finance Belarus NPP project discussed in Sochi
Alexander Lukashenko explained that the reason behind this request is Russia’s failure to comply with the deadlines for the BelNPP construction. "The commissioning of the first power-generating unit has been delayed for as long as one year so far"...

22 Sep 2018

Belarus to receive sixth tranche of EFSD loan soon
"We have received five tranches. The sixth and the seventh tranches are left. I do not see any problems with providing the sixth tranche. As it was already stated, the seventh tranche can also be negotiated. Everything depends on how, first of all, Belarus will act in this regard"...

22 Sep 2018

Belarus, Russia to elaborate plan of agricultural supplies within week
"I made it clear and put it quite tough at the second, extended, meeting that we should not act like this. In particular, this concerns Russia. If they are displeased with something, they pull the plug on an enterprise"...

21 Sep 2018

Belarusian Amkodor to ship $0.5m worth of agricultural machines to Egypt by year end
In his words, the Egyptian market is interested in virtually all the vehicles and machines Amkodor makes. In particular, there is a strong interest in agricultural machines, road construction and maintenance machines, and civil engineering industry machines...

21 Sep 2018

Nigeria interested in cooperation with Belarus in mechanical engineering
"We are interested in the sphere of mechanical engineering. We intend to continue negotiations with MTZ. A Nigerian company has already signed a memorandum of cooperation with this Belarusian company"...

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