Business news

8 Jun 2018

Belarusian Unison, Chinese Zotye sign $560m agreement to make electric cars in Belarus
The document provides for assembling 30,000 Zotye electric cars in Belarus by 2022 with a high degree of localization. The cars will then be sold exclusively in the Commonwealth of Independent States...

8 Jun 2018

Belarusian food producers sign $35m contracts with Chinese partners
The ceremony of signing the commercial contracts between the Belarusian producers and the Chinese partners was held within the framework of the visit of Belarus President Alexander Lukashenko to Qingdao...

8 Jun 2018

Belarus’ trade and economic potential presented in Peru
The Belarusian diplomat held talks with Peru’s Deputy Minister of Foreign Trade Edgar Vasquez to discuss the status and prospects for boosting and diversifying bilateral trade. The parties noted the need to stimulate business activity of enterprises and private business of both countries...

8 Jun 2018

S&P affirms 'B' rating for Belarus’ Development Bank
"The ratings of the Development Bank are totally aligned with the sovereign rating of Belarus. The agency emphasized in its release the close ties between the Development Bank and the Government of Belarus and the Bank's important role in financing state programs"...

7 Jun 2018

Belarusian MAZ delivers large batch of buses to Russian Kazan ahead of 2018 FIFA World Cup
The city of Kazan opted for the MAZ 203069 model. The world cup will begin in Russia in mid-July. The buses will be used to transport football fans during the cup and to transport regular passengers in the city after the cup ends...

7 Jun 2018

Innovative Belarusian biopolymeric solution for perishable foods developed
Chitosan is a naturally occurring non-toxic biopolymer. When food is covered with chitosan solution, a kind of packaging is formed...

7 Jun 2018

Baranovichi textile company makes first shipments to United States, Hungary
This year Baranovichi Cotton Production Amalgamation has sent textiles to 12 countries: Brazil, Hungary, Kazakhstan, Latvia, Lithuania, Moldova, Russia, Serbia, Turkmenistan, Ukraine, United States, and Finland...

7 Jun 2018

EBRD encourages national currency operations in Belarus
“We will need some time to increase the share of operations in national currency in our portfolio. But in the future we would like to see half of the operations with our private sector clients using national currency. Certainly, it cannot be accomplished within the remaining six months. A longer period of time may be required”...

7 Jun 2018

Belarus to attract a €2mn grant from E5P Fund for solid waste landfill project
According to Alexander Pivovarsky, the new waste treatment company will be the first in Belarus which will fully comply with the European standards...

7 Jun 2018

EBRD plans to buy stake in Belinvestbank in 2018
“We have been cooperating for some time with the National Bank and the Government of Belarus in order to improve Belinvestbank operations. We have approached the moment when the EBRD is considering acquiring a stake in Belinvestbank. We hope this will happen before the end of the ongoing year,” said Alain Pilloux...

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