Belarus: Belenergo and Czech-Belarusian Chamber of Commerce and Industry to step up cooperation

The Belarusian national electrical company Belenergo and the Czech-Belarusian Chamber of Commerce and Industry signed a memorandum of understanding in Prague, the website of the Belarusian Energy Ministry reported. The memorandum provides for enabling conditions conducive to the development of foreign economic contacts, establishment, maintenance and development of business ties and contacts between Belenergo’s enterprises…

Belarus: industrial recession over

Industrial recession in Belarus is over, Vice Prime Minister Vladimir Semashko said. “I am happy that we have survived through the crisis. I can see that the recession is over. Today the Industry Ministry is posting a 3% growth. We plan to reach the growth of 11.3% next year”, Vladimir Semashko noted. “The machine-building industry…

Belarus: Belarusian-made equipment absolutely competitive

Belarusian equipment is absolutely competitive, Belarus’ Deputy Prime Minister Vladimir Semashko said. “In terms of the price-quality-maintenance ratio, our equipment is absolutely competitive”, Vladimir Semashko said. He noted that over the past seven years, Belarus had produced agricultural machinery to the tune of $23.7 billion. “Of this amount, $7.9 billion worth of equipment was produced…

Belarus: ways to introduce IFRS at major state-run enterprises under consideration

In view of recommendations of the International Monetary Fund (IMF) Belarus is considering ways to introduce the International Financial Reporting Standards (IFRS) at major state-run enterprises. The statement was made by Belarusian Deputy Finance Minister Dmitry Kiyko. The law requires a number of Belarusian enterprises to present annual consolidated reports in accordance with the International…

Belarus and Slovakia to cooperate in nuclear energy

Belarus and Slovakia intend to cooperate in power engineering, pharmaceutics, and petrochemical industry. The relevant agreement was reached during the meeting of Prime Minister of Belarus Andrei Kobyakov and Prime Minister of Slovakia Robert Fico on November 25. Cooperation in woodworking, information technologies, agriculture, and tourism also looks promising. Andrei Kobyakov reported that a large…

Belarus: AID-Venture venture funding program launched

A $2.5 million venture funding program – AID-Venture – has been launched in Belarus, Bel.biz Group reported. The consortium of partners consisting of several companies has won the tender for venture capital ecosystem development in Belarus. Aleinikov & Partners together with a group of companies Bel.biz, venture fund 500 Startups and international educational program for…

Belarus: Belaruskali to purchase electric motors

The state-owned Belarusian company OAO Belaruskali has announced a tender to purchase 52 electric motors ranging in capacity from 0.25kW to 200kW valued at Br582,750 ($297,900), according a message posted on Belarus’ official procurement web site. The closing date for applications is November 28. Belaruskali will purchase the motors at its own expense and wants…

Belarus: Minsk getting ready to discuss joining WTO

Belarus is getting prepared to hold talks with the European Union in December-January on matters of joining the World Trade Organization (WTO), Belarus’ Ambassador to Belgium and Luxembourg and its Permanent Representative to the European Union and NATO Alexander Mikhnevich said. “They are ready to sit down at a negotiating table with us in December-January”,…

Moldova: level of relations with Belarus praised

Moldova’s outgoing President Nicolae Timofti praised the level of the Belarusian-Moldovan relations and emphasized the trustworthy bilateral dialogue at the highest level, the Belarusian embassy in Moldova reported. Nicolae Timofti mentioned it in his face-to-face talks with the Belarus’ Ambassador to Moldova Sergei Chichuk who took part in the Moldovan President’s meeting with heads of…

Venezuela considering food imports from Belarus

Belarus and Venezuela are discussing the launch of supplies of Belarusian food. This issue was addressed during a meeting between Belarusian Ambassador to Venezuela Oleg Paferov and Venezuela’s Food Minister Rodolfo Marco Torres, the press service of the Ministry of Foreign Affairs of Belarus reported. “The parties discussed the development of bilateral cooperation in the…

Belarus to strengthen cooperation with Altai region

Matters related to the establishment of joint ventures and new partnerships were discussed during a meeting between Belarus’ Deputy Industry Minister Alexander Ogorodnikov and Deputy Governor of Russia’s Altai region Viktor Meshcheryakov, the press service of the Industry Ministry reported. “The meeting of the bilateral commission for the cooperation between Belarus and Altai region discussed…

Belarus: Amkodor to design prototypes for oil well maintenance in Tatarstan

The Belarusian mechanical engineering company Amkodor is ready to design prototype machines for the oil extraction industry of Russia’s Tatarstan, the company’s website reported. Representatives of the large Russian oil company Tatneft led by Director General Nail Maganov arrived in Belarus in line with the agreement made by the Belarus president and the Tatarstan president.…