Business news

Drones, engineering goods in focus of cooperation between Belarus, Russia’s Tomsk Oblast
The ambassador and the governor evaluated the prospects for cooperation in agriculture and forestry, noted the demand for relevant engineering goods in the wake of withdrawal of Western companies...

Commodity exchanges of Belarus, Egypt agree to cooperate
The parties discussed the development of cooperation between BUCE and Egyptian Mercantile Exchange (EMX) to improve electronic trading technologies, exchange of analytical data, organize trade in new commodity positions and provide favorable conditions for effective trade interaction between economic entities of Belarus and Egypt...

Belarus seeks to increase exports to distant countries in 2024
According to Yulia Zubar, head of the foreign trade forecasting department at the Economy Ministry, the planning documents for 2024 provide for a 7.6% increase in exports of goods and services or $3.8 billion...

Over 4.9m tonnes of sugar beet harvested in Belarus
Belarus harvested a total of 182,200 tonnes of vegetables from 5,740 hectares. The yield was 317.4 centners per hectare...

Belarus, Russia’s Yakutia explore possibilities to launch joint projects
The parties expressed their interest in expanding business partnerships and implementing joint projects...

Belarusian Industry Ministry discusses cooperation with Equatorial Guinea
Among other promising cooperation avenues he mentioned the construction of facilities for drying and storing grain, sales of various automobiles, road construction machines, Belarusian haul trucks as well as diesel generators and compressor stations, industrial diesel engines...

PM: Belarus’ GDP growth remains strong in January-September 2023
"In January-September 2023, GDP grew by 3.5% as the recovery dynamics remained in place in the main industries. In September the GDP went up by 6.2% (in annual terms). All regions made a contribution to GDP growth," Roman Golovchenko said...

Belarus’ vegetable harvest reaches 182,000 tonnes
Corn was harvested from 243,700 hectares of land. Some 2,021,300 tonnes of corn kernels were threshed, with the yields averaging 82.9 centners per hectare. Some 22,841,900 tonnes of corn for silage were cropped so far...

Belarus signs new contracts to supply peat to China
Agreements on cooperation with Chinese companies were reached by the Vitebsk Oblast natural gas provider Vitebskoblgaz on the sidelines of China International Import Expo running in Shanghai from 5 to 10 November...

Belarusian Belgospishcheprom reports progress in import-substitution effort
"Every year our enterprises increase the output of such goods, thereby reducing the foreign exchange burden on the economy of our country and saturating the market with high-quality products"...

Belarus, Russia’s St. Petersburg show interest in expanding cooperation
One of Belarus’ largest image projects in St. Petersburg should be the construction of a multi-brand center for the sale of Belarusian machinery...

Belarus’ food export in 2023 to match last year’s figures
He recalled that last year Belarus exported $8.3 billion worth of food products and agricultural raw materials...

Belarusian agricultural machinery maker Gomselmash to make 3,500 self-propelled machines in 2024
In January-September 2023 the company’s profitability of sales totaled 13.1% while the target was set at 8.2%. The output of industrial goods in effective prices exceeded the figure registered in January-September 2022 by 51.2%...

Prodexpo 2023 kicks off in Minsk
"Our products are recognizable and in demand. I hope that Belarusian enterprises will be able to sign good supply contracts during the event"...

Lukashenko discusses bill regulating passenger transportation
He noted that the draft decree was developed by the government in collaboration with the State Control Committee and the State Security Committee...

Over 4.8m tonnes of sugar beet harvested in Belarus
Belarus removed 4,805,400 tonnes of sugar beet from 98,700 hectares, with the yields standing at 487 centners per hectare. Belarus harvested a total of 181,200 tonnes of vegetables. The yield is 317.4 centners per hectare...

Belarus’ ambassador discusses prospects for joint ventures in Russia’s Magadan Oblast
According to him, trial deliveries of Mozyrsol salt, certain types of furniture and equipment to Magadan Oblast have already started...

Mogilev Oblast presents export potential before Russian, Chinese partners in Moscow
"Today we once again presented Mogilev Oblast’s economic potential. Close attention was paid to the investment potential. A separate presentation of the free economic zone Mogilev also took place. FEZ Mogilev is ready to suggest new projects to our partners"...

Aleinik: Türkiye pledges to help Belarus get restrictions on fertilizers lifted
“We reaffirmed our commitment to promoting this topic on international platforms and developing our cooperation in the bilateral format. Today Belarus meets 80% of Türkiye's demand for fertilizers,” Sergei Aleinik said...

Belarus’ foreign trade surplus at $371m in September 2023
Belarus’ foreign trade surplus in goods and services amounted to $371 million in September 2023. The export of goods and services was estimated at $4.22 billion, the import at $3.85 billion...