Business news

3 Nov 2017

Belarus to continue efforts to improve positions on Doing Business list
"This year Belarus performed better across all indicators but one. But other countries also improve their positions and undertake reforms. Doing Business is, in fact, a competition of legislation and administrative procedures"...

3 Nov 2017

Association of Italian entrepreneurs Set up in Belarus
"Our goal was to set up a non-profit organization which would contribute to the increase of the Italian business presence in Belarus and would add the Italian flavor and manner of doing business to local business"...

3 Nov 2017

American company to develop driverless car technologies in Minsk
Mapbox has been successfully working with developers in the city for the past 18 months and felt the timing was right to expand the company’s investment there. The company intends to set up shop in the Hi-Tech Park in Minsk...

3 Nov 2017

Belavia’s IOSA certificate extended
The International Air Transport Association (IATA) has renewed Belavia’s IATA Operational Safety Audit (IOSA) registration until 2 November 2019...

3 Nov 2017

Belarus’ dairy export projected at $2bn in 2017
Belarusian dairy products are sold into 23 countries, meat products into 18 countries. "Thirty-six dairy factories have been certified to supply goods to the Chinese market. The exports to that country surged 20 times this year as against the same period a year prior"...

2 Nov 2017

Belarus’ central bank, EC to sign agreement under Twinning program
The EU’s Twinning aims to provide long-term (up to two years) technical support to the public administrations of the EU neighbors in harmonization with the EU legislation...

2 Nov 2017

Belarus’ National Bank plans to switch to inflation targeting by 2020
"I hope that by 2020, when inflation reaches 5%, we will have a sound monetary policy, namely inflation targeting"...

2 Nov 2017

Plans to reduce key interest rate in Belarus to 10% per annum in 2018
The refinancing rate was reduced to 11% per annum in Belarus on 18 October. It was the eighth reduction since the beginning of the year...

2 Nov 2017

Number of railway containers travelling from China to Europe via Belarusian Brest doubles
The number is expected to increase by several times in the future. Chinese companies and Belarusian Railways intend to increase the number of containers up to 500,000 by 2020...

2 Nov 2017

Hong Kong delegation briefed on business operation, investment terms in Belarus
Belarusian Economy Minister Vladimir Zinovsky stressed the strategic level of Belarus-China relations and the solid foundation laid down by the heads of state to enable transition from credit and investment cooperation to direct investments and the pooling of manufacturing potentials of the two countries...

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