Business news

1 Aug 2017

PM: Belarus’ economic indicators keep improving
“Statistics indicate a persistent upward trend across the major economic development indicators. We have met six out of seven most important indicators of socio-economic development in the first half of 2017,” the prime minister said...

1 Aug 2017

Stadler Minsk rolls out first batch of Metelitsa trams for St Petersburg
According to CEO of Stadler Minsk Philipp Brunner, the first batch of six Metelitsa trams (В85600М model) branded by the customer as Chizhik has been made for Transport Concessions Company in St. Petersburg...

1 Aug 2017

Belarus, China consider setting up $0.5bn investment fund to attract residents to Great Stone park
The fund is designed to be as large as $585 million and can be further increased to $1 billion and more, if need be...

1 Aug 2017

Belarus ready to develop different forms of cooperation with Chinese partners
“The State Property Committee of Belarus jointly with concerned government bodies compiled a pilot list of 22 Belarusian companies and one investment project that was handed over to Chinese colleagues for consideration and identification of areas of greatest interest to them. This list provides the basis for talks that we are ready to further develop for mutual benefit,” Vyacheslav Abramov noted.

1 Aug 2017

Over 20 agreements signed at first Belarus-Tajikistan-Afghanistan business forum
Sergei Nebeshko, Deputy Chairman of the Belarusian Chamber of Commerce and Industry, had a working meeting with the management of the Afghanistan Chamber of Commerce and Industries. The parties agreed to sign a cooperation agreement in Minsk in August 2017...

1 Aug 2017

Fitch revises outlook for Belarusian Bank BelVEB to Positive
Fitch Ratings revised the outlook on Bank BelVEB's Long-term Issuer Default Rating (IDR) to Positive and affirmed it at 'B-', BelTA learned from the bank’s press service...

31 Jul 2017

Chinese investors interested in purchasing shares in several Belarusian companies
“We can already talk about preliminary results. For instance, talks are underway over cooperation mechanisms regarding Gomselmash. A draft decree of the head of state has been drawn up to convert Belgosproekt into an open joint stock company. The document envisages that Chinese investors will have shares in the company,” Andrei Gayev said...

31 Jul 2017

Another resident company in Belarus-China industrial park
“Today we registered another resident company, the fifteenth in succession. It is Ruchtech, the company with 100% foreign capital participation. We expect that the construction of a plant producing fiber lasers will start this year,” Kirill Koroteyev said...

31 Jul 2017

Belarus, China plan to co-build energy facilities in third countries
“We have used over $2 billion to build facilities of the Belarusian national power grid together with Chinese partners. We understand each other very well. We are now conducting negotiations to branch out into third countries together and build energy facilities throughout the world. We are set to discuss a project to build overhead power lines in an African country,” the minister said...

31 Jul 2017

S&P Global Ratings affirms Belarus Development Bank at ‘B-/B’; Outlook Stable
“S&P Global Ratings has affirmed the Long- and Short-Term Issuer Default Ratings of the Development Bank of Belarus at ‘B-/B’ (Outlook Stable), which is totally aligned with the sovereign rating,” the press service said...

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