Business news

1 Feb 2017

MAZ buses among top sellers in Russia
The Belarusian buses are popular in Russia due to their high quality and reasonable price. “MAZ buses are easily recognizable in Russia. They are often chosen as municipalities upgrade their vehicle fleets. The Belarusian vehicles are easy to operate and undemanding. We were among the first to market Euro-6 compliant vehicles and to refresh the interiors. The latest models of buses are on par with European ones,” MAZ specialists said...

1 Feb 2017

Geologists plan to continue looking for diamonds in Belarus
Diamond-bearing rocks have not been found in Belarus yet. However, geologists believe it is likely that there are such rocks in Belarus...

1 Feb 2017

Belarus plans to involve investors in platinum exploration, development
“The deposit is a promising one as it has a considerable content of precious metals. A decision has been made to sign a concession agreement with private companies for mine planning and development of the deposit, since it is not among the country’s mineral development priorities,” Sergei Mamchik explained...

1 Feb 2017

Middle East shows interest in Belarusian peat, sapropel
"We are currently busy with developing peat and sapropel projects. The United Arab Emirates, Qatar, Saudi Arabia and other countries of the region are showing interest in farming. The corresponding programs have been adopted in the countries,” noted Sergei Mamchik...

1 Feb 2017

Yuzhno-Shatilkovskoye oilfield in Belarus estimated at over $100m
In recent years, specialists of the National Research Center for Geology and Belorusneft have discovered a number of new oil deposits in Belarus. For example, the recoverable reserves of the Yuzhno-Shatilkovskoye oilfield are estimated at more than $100 million. The exploration works have already been completed in this field. The drilling of one well cost some $2-2.5 million...

1 Feb 2017

Belarus’ oil reserves enough to last another 35 years
“The main task is not just to maintain the current oil production at some 1.6 million tonnes per year, but even to increase it,” the specialist stressed. To secure an increase in oil production, Belarus will launch new geological exploration activities and start commercial development of new oil deposits, including the hard-to-access ones...

1 Feb 2017

Potash development projects worth over $3bn underway in Belarus
“Investment projects to boost potash production worth more than $3 billion are currently underway. Among them are the projects to develop the Petrikov potash salt deposit (Belaruskali) and the new sections of the Starobin deposit (Slavkali),” Sergei Mamchik said...

31 Jan 2017

Japan carries out 36 projects to supply medical equipment to Chernobyl-hit regions of Belarus
“The relations between Belarus and Japan have been developing rapidly. Every year Belarus gets financial assistance under the Grant Assistance for Grassroots Human Security Projects program of the Japanese government,” the diplomat said...

31 Jan 2017

Belarus’ first long-distance oil product pipeline commissioned
According to the source, late December 2016 saw the completion of the first part of the long-distance oil product pipeline that will connect Novopolotsk and Fanipol in the future...

31 Jan 2017

Mogilev named Belarus’ most attractive free economic zone for FDI
Investment projects with the total declared investment volume in excess of €1.1 billion are being implemented in the free economic zone Mogilev. In 2016 FEZ Mogilev accounted for over 32% of Mogilev Oblast’s industrial output, about 48% of the oblast’s export, and 23% of the fixed-capital investments...

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