Business news

PM shares details of Belarus-Russia import substitution projects
The prime minister recalled that Gomselmash was one of the first to launch a project using Russia’s line of credit. At present 23 projects are in the works, there used to be 16...

Belarus to produce $29bn worth of import-substituting goods in 2023
The prime minister noted that import substitution projects are being implemented in different sectors...

Belarus' gross external state debt down by $3.1bn in January-September
In relation to GDP, the external debt decreased from 54.4% as of 1 January 2023 to 49.6% as of 1 October, which is the minimum since 2011...

India seen as one of Belarus’ key partners in Asia
Belarus and India are discussing a number of investment projects, which will serve as an additional impetus for the development of dynamic and fruitful relations between the two countries...

Belarus, Kazakhstan outline areas of cooperation in agriculture
There are 260 trade facilities in Kazakhstan which sell Belarusian food. Work is underway to ship Halal products...

Kazakhstan ambassador comments on popular imports from Belarus
The diplomat stressed that last year the Belarus-Kazakhstan trade exceeded $1 billion...

Belarus, South Africa interested in joint projects to assemble machines, equipment
The parties discussed the promising areas for the development of trade and economic cooperation between Belarusian companies and the Republic of South Africa, the interaction between the BelCCI and partner organizations in South Africa to assist the business of the two countries in building a dialogue. The prospects for organizing the exchange of delegations and holding business events were examined too...

EDB: Belarus’ economic growth will approach 4% in 2023
“The economy will continue to grow at a pace exceeding the average growth rate for the last 10 years. An increasingly robust domestic demand coupled with expansionary fiscal and monetary policies will be the main drivers of growth,” said analyst...

Belarusian Beltopgaz to cooperate with Vietnam Coconut Association to make fertilizers
Apart from that, the parties came to terms on test deliveries of Belarusian peat substrates to Vietnam. The substrates will be used to grow 500 trees and carry out scientific research in order to control the speed of growth and the quality of fruit. Coconut tree saplings will be delivered to Belarus for the sake of working out the optimal substrate recipe...

Belarus, Cuba intend to advance cooperation in manufacturing sector
The parties agreed to consider setting up a working group on cooperation between the ministries of the two countries...

Belarus-South Africa cooperation in agriculture discussed in Minsk
The parties exchanged views on priority areas of cooperation in the field of trade and investment, including the agricultural sector and agricultural mechanical engineering, and also discussed the prospects for organizing thematic business events and sectoral business missions...

China shows interest in increasing trade with Belarus
Chinese businessmen expressed interest in exporting tea to Belarus, importing Belarusian meat and dairy products, agricultural products, fertilizers, and also in developing cooperation with Belarusian companies in the use of alternative energy sources...

Belarus posts highest industrial growth in EAEU in January-October 2023
EEC official representative Iya Malkina said at a press briefing in Moscow on 12 December...

India shows interest in industrial cooperation with Belarus
The delegation included business representatives from mechanical engineering, logistics, chemical industry, pharmaceuticals, the Federation of Indian Chambers of Commerce and Industry and others...

Belarus sells first batch of butter to Serbia via BUCE
The trial batch made up 20 tonnes, and the buyer was a Serbian food importer, accredited at BUCE in November 2023...

Belarus’ dairy exports through exchange trading discussed at BUCE
The event was chaired by Deputy Prime Minister Leonid Zayats and was attended by Antimonopoly Regulation and Trade Minister Aleksei Bogdanov and Deputy Agriculture and Food Minister Vadim Shagoiko...

Belarusian Amkodor featured at International Forest Forum in Russia’s Vologda
This year, the company brought the Amkodor 2682-01 forwarder with a lifting capacity of 15 tonnes, equipped with a manipulator and tandem axles of its own design...

Great Stone Park expects up to Br1bn of revenue from residents by year end
The Great Stone Industrial Park currently has 120 registered residents, 55 of which are Chinese...

Minister: Equatorial Guinea can become hub for Belarusian engineering goods to neighboring countries
"Today, everything related to environmental aspects - a waste processing plant, the processing of this waste into finished products and an incineration plant – is about the generation of electrical energy. This is a preliminary contract for $100 million," said Aleksandr Rogozhnik...

Belarus committed to assisting Equatorial Guinea to develop agriculture
Belarus is committed to assist Equatorial Guinea to develop a modern agricultural sector, Belarusian Agriculture and Food Minister Sergei Bartosh told journalists in Malabo...