Belarus: Mogilevliftmash exports up in January-November 2016

Belarus’ OAO Mogilevliftmash elevator plant reports a 15.3% increase in exports in January-November to $106.9 million, a company representative reported. Elevator exports grew by 28.4% to 10,109 units. The bulk of elevators was exported to Russia – 8,599 units (up by 27.9% YoY). Elevators are Mogilevliftmash’s major export product. Elevators manufactured by Mogilevliftmash are exported…

Belarus: FEZ Minsk registers composite materials manufacturer

Minsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles.

Established in March 1998, Minsk FEZ is now home to 113 resident companies. (Prime-TASS/Business World Magazine)

Belarus: thaw to shortly destroy snow cover

The meteorological conditions in Belarus are currently favorable for survival of winter crops. Snow cover protected crops against freeze that occurred in early December. Soil temperature at the tillering node depth in winter cereal plantings is at sub-zero values close to 0 degrees C. As thaw has set in, snow cover will be destroyed in…

Belarus: Belarusbank signs memorandums of understanding with Afreximbank and SID Banka

Belarus’ largest commercial bank OAO Belarusbank has signed memorandums of understanding with African Export-Import Bank and Slovenian SID Banka during Belarusbank’s conference in Frankfurt (Germany), the bank’s press service reported. The conference gathered around 100 representatives of the World Bank, German financial institutes and insurance companies, as well as representatives of such institutions of Italy,…

Belarus: government to boost trade with Russia

The government of Belarus and the Russian state corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) plan to sign a memorandum of understanding to set up an integration development platform. The relevant decision is laid down by Council of Ministers’ executive order No. 994 of December 5. The document will be signed to promote…

Belarus: Amkodor and Saleo to build 3 plants in 2017

Minsk-based OAO Amkodor and Belarus’ Saleo Group plan to build three new plants in 2017 and implement other projects with a total investment portfolio of $500 million, Igor Kayuda, Amkodor’s Director for Innovations and Investments, reported. Chinese credits will account for 80% of project investments. As previously reported, Amkodor and Saleo Group signed three contracts…

Belarus joins IMO

The Republic of Belarus has become the latest member of IMO, following the deposit of an instrument of acceptance of the Convention on the International Maritime Organization with the Secretary-General of the United Nations on November 29, says IMO. With the acceptance of the Convention by Belarus, the number of IMO Member States stands at…

Belarus: France ready for tighter cooperation in IT and infrastructure development

France is ready to step up cooperation with Belarus in information technologies and infrastructure development, Ambassador of France to Belarus Didier Canesse reported during the Belarusian-French interregional business forum in Minsk. The ambassador believes that Belarus and France should intensify cooperation not only in politics but in economy as well. The Belarusian-French interregional business forum…

Belarus and Azerbaijan analyzing joint production of carpets and cotton fabrics

Belarus and Azerbaijan are analyzing the prospects of joint production of carpets and cotton fabrics, the Belarusian President’s press-service said in a statement following President Alexander Lukashenko’s talks with Azerbaijani President Ilham Aliyev. “In my opinion, Azerbaijan did the right thing when it decided to develop its cotton growing industry. Output figures will rise so…

Belarus: interregional business forum opens in Minsk

The Belarusian-French interregional business forum takes place in Minsk on November 30 – December 1, according to the official website of the Belarusian Chamber of Commerce and Industry. The event marks the 40th anniversary of establishing twinning relations between Minsk and Lyon. The business forum has been organized following the agreements reached at the second…