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Business

Business

Potash secrets or How Belarus trades fertilizers with China

Angelina Grigorovich

Recently, some details have become known about the work of Belaruskali. That includes how things are going with the supply of fertilizers to the Chinese market.

Chinese Yuan in Belarus
Business

Payments in yuan and no Visa and Mastercard. Is Belarus ready for this?

Matthew Geller

Restrictions on transactions and difficulties with servicing Visa and Mastercard cards are forcing Belarusian businesses and ordinary people to look for alternative options. Chinese yuan and the UnionPay payment system are being considered as one of them.

Medical tourism in Belarus
Business

Belarusian medical services export rised significantly in 2021

Matthew Geller

Deputy Minister of Health Boris Androsyuk anounced: “Despite COVID19 we managed to fulfill plan on export of medical services, probably due to the policy of openness of our country. We ensured a 20% growth and export exceeded $40 million.

Belarus and Russia integration process
Business

Integration of Belarus and Russia: what has been done during 4 months

Matthew Geller

Minsk and Moscow have advanced by about 30% in the implementation of the integration maps. Now special attention is focused on the following areas: the tax sphere, customs cooperation, and the formation of a unified gas market.

Air Baltic plane
Business

AirBaltic resumed flights to Minsk National Airport

Matthew Geller

On March 28, the Latvian national airline AirBaltic made its first flight from Riga to Minsk National Airport after a one-year pause caused by COVID-19, according to the website of Minsk airport.

BelAZ
Business

BELAZ wants to enlist state support in Russia to fight Komatsu and Caterpillar

Mark Manson

The Russian Ministry of Industry and Trade announced the interest of BELAZ in concluding a special investment contract (SPIC) for the production of dump trucks in the Russian Federation using state support mechanisms to strengthen its position in the market of a neighboring country.

Lastochka train
Business

Russian Railways plans to launch the high-speed train “Swallow” on the route Moscow – Minsk

Yuri Drazdow

The site of Russian Railways posted a message about a new train schedule, which refers to the launch of high-speed “Swallows” on the route Moscow – Minsk.

National Bank of Belarus
Business

“In recent months, inflation has accelerated higher than expected”, National Bank decides on the interest rate

Matthew Geller

The refinancing rate stays at 7.75% per annum. The decision was taken by the Board of the National Bank of the Republic of Belarus at a meeting on monetary policy on October 14, 2020.

Digital economy in Belarus
Business

Belarus president signs decree to implement Digital Economy Development Ordinance Read

Mark Manson

Belarus President Alexander Lukashenko signed decree No.239 on measures to implement the Digital Economy Development Ordinance on 18 June. The document is designed to bring a number of legal acts

Real estate
Business

The survey of the rental market for apartments in Minsk in May 2018

Yuri Drazdow

Prices are higher than in last year and trend is upward, though with some uncertainty.

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