Business news

31 Jul 2017

High-tech electrical substation goes online in Vitebsk Oblast
The Postavy substation site lies on the border between Braslav District and Postavy District. This is one of the key facilities of the project to connect the Belarusian nuclear power plant to the national power grid...

31 Jul 2017

Hanoi shows interest in Minsk construction practices
According to Dao Duc Toan, the achievements of the Belarusian capital in the transport and social infrastructure development are in demand in Vietnam. Hanoi plans to implement a project to construct 11 metro lines. Agriculture, medicine and tourism can be promising areas of cooperation as well...

31 Jul 2017

Fitch revises Belarus' Outlook to Positive; Affirms at 'B-'
Improved access to external financing and increased international reserves were named as positive factors by the agency. Gross international reserves have increased by $1.6 billion to $6.5 billion in H1 2017, boosted by eurobond floating, another tranche of the Eurasian Fund for Stabilization and Development (EFSD) loan and FX purchases from residents...

31 Jul 2017

Belarus government to promote Geely car sales on domestic market
The designed capacity of the BelGee car factory near Borisov is estimated at 60,000 vehicles a year. In line with the business plan, 90% of the cars will be exported, the rest will be sold in Belarus...

31 Jul 2017

Pharmaceutical holding company to be set up in Belarus
Setting up a holding company is aimed at improving property relations and raising the efficiency of managing public assets. This will be achieved by ensuring the independence of licensing bodies, state registration of medical preparations and certification of production from the interests of state-owned manufacturers what is global practice...

30 Jul 2017

Batumi plans to open Belarusian trading center
Belarus’ Brest and Georgian Batumi signed an agreement on cooperation in April 2015. Relations between the regions are dynamic. “We cooperate closely. We have been working to make sure the goods produced in Brest and the region find their way to the market in our country"...

28 Jul 2017

MTZ to open maintenance center in Russia’s Ingushetia
‘We are planning to set up warehouses for more than a hundred different types of goods and a maintenance center in Ingushetia to provide services to the surrounding regions as well,” Director General of the MTZ - Siberia trading house Dmitry Belajts said...

28 Jul 2017

Turkey views Belarus as strategic partner in logistics
"We think that this partnership will improve logistics services and will enable Turkey to advance into the markets of Russia, Kazakhstan, and Lithuania. We plan to help Belarus become a regional logistics hub. We will make every effort to achieve this goal,” Chairman of the Board of CaG Logistics Yilmaz Soycan said...

28 Jul 2017

Belarus considering setting up three assembly plants in Turkey
“It is very important for us that three Belarusian engineering flagship companies open assembly plants in Turkey. This issue is already in the works. I am talking about Gomselmash, Minsk Automobile Plant (MAZ trademark) and Amkodor. We hope that BelAZ vehicles will return to the Turkish market too,” Vladimir Ulakhovich said...

28 Jul 2017

Belarus, Turkey to cooperate in water resources, weather forecasts
The declaration of intent to cooperate in the sphere of water resources provides for cooperation in studying the influence of climate change on water resources, cooperation in the development and operating of water monitoring systems, water quality management systems, and use of the latest water purification technologies...

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