Business news

Iranian ambassador on visit to Vitebsk Oblast to discuss cooperation options
"Iran has a well-developed mining industry and a lot of mineral deposits, so we would like to interact with Vitebsk Oblast in this area. As for the oil and petrochemical industry, we can offer various products that Belarus and Vitebsk Oblast in particular may need"...

Ambassador: Belarus, Russia's Krasnodar Territory expand areas for cooperation
"Krasnodar Territory is one of the strategic regions for us at the moment. We have a very broad range of interaction, the number of areas in which we cooperate is growing,” Dmitry Krutoi said...

Mitskevich: Belarus ready to discuss cooperation in potash industry with Brazil
Valery Mitskevich added that Brazilian businessmen also showed a high interest in the project of joint production of Belarusian small tractors for the needs of Brazilian farms...

Belarus-Brazil trade at almost $700m in January-September 2023
According to Valery Mitskevich, Brazil is traditionally one of the top ten trade partners of Belarus. “In January-September 2023 trade amounted to almost $700 million, which is twice as much as last year's figures. Brazil is one of the main buyers of Belarusian fertilizers,” he said...

Ambassador maps out measures for unhindered movement of Belarusian goods to China
"China is one of our main strategic partners. In just a decade, our trade has increased by almost 1.7 times. Last year, this figure reached $5.7 billion,” the diplomat said...

Ambassador: Belarus will promote its equipment, services to Zimbabwe
“The head of state pays great attention to political, trade and economic cooperation with Zimbabwe,” he said. “Today, specific tasks have been set to increase trade with this country”...

Ambassador sketches prospects for industrial cooperation between Belarus, South Africa
"As for South Africa, we will not limit ourselves to the supply of our products. We will work on cooperation in the manufacturing sector: the assembly of our agricultural machines in the first place"...

Manufacturing sector remains key driver of economic growth in Belarus in January-October
According to Andrei Kartun, the manufacturing sector remains the key driver of growth: it contributed more than 60% to GDP growth...

Private investments into Great Stone industrial park 8 times bigger than budget spending on it
This year 23 new companies with a declared investment of $117 million have been registered with the industrial park. The total number of resident companies has reached 118 with plans to invest more than $1.4 billion and create 14,000 new jobs...

Ambassador: Solid demand for Belarusian foodstuffs in Africa
“I think Belarusian milk and meat products have very good sales prospects here. I would like to see more Belarusian foodstuffs, such as confectionery, bakery products, various fat and oil products on this market. I think everything is in place to successfully promote these products in Africa,” said Sergei Terentyev...

Ambassador names promising avenues of cooperation between Equatorial Guinea, Belarus
“We are interested in the technologies that Belarus has. I think we need to develop agriculture, fishing, tourism. Since Belarus has extensive experience in this, we turned to you to help us in these areas,” Luciano Ncogo Ndong Ayecaba said...

About 80% of Belarus’ exports sold in Eurasian region
Svetlana Kondratenko said: “In 2022 our country reached a record-high volume of food export - $8.3 billion, 24% up from 2021. Over 80% of Belarusian products are shipped to the Eurasian region"...

Lukashenko: Belarus should have the world’s best diamond processing, jewelry industry
The Kristall holding company also includes a network of Beluvelirtorg stores; there are more than 70 of them across the country. The president believes that the network should be expanded...

Main takeaways from Lukashenko's visit to Kristall jewelery plant in Gomel
A new line of business for Kristall is the production of gold bars for the Finance Ministry...

Belarus’ vegetable harvest at 183,000 tonnes
Belarus harvested a total of 183,400 tonnes of vegetables from 5,770 hectares. The yield is 317.9 centners per hectare. Some 9,278,200 tonnes of grass was cropped, which is 96% of the target...

Belarus’ FEZs register 22 new residents in January-September 2023
New projects are implemented in logistics, mechanical engineering, food and chemical industry, furniture and electrical equipment production, metalworking...

Snopkov, Chinese ambassador discuss construction of football stadium, swimming pool in Minsk
Construction began in August 2020. Linear schedules of construction and prospects for the year 2024 were discussed during the visit. The facilities are scheduled to commission in Q3 2024...

Belarus to supply farm machines, seeds, food to Equatorial Guinea
In addition, the two countries will establish cooperation in the fishing industry (supplies from Belarus and fish processing). Belarus’ agricultural universities will train Equatorial Guinea specialists in such fields as mechanization, processing and fisheries...

Lukashenko okays draft Belarus-China agreement on trade in services, on making investments
Setting up a zone of free trade in services between Belarus and China in addition to enabling a transparent, liberal, and favorable investment regime for raising investments is the idea...

Belarus to launch ice cream production in China
Slutsk producers have been maintaining economic ties with China for at least five years already. China accounts for 11% of the plant’s total exports, and the Chinese market ranks second after Russia...