Business news

Andreichenko: Trade between Belarus, Tajikistan is below potential
"According to our data, the trade between our countries in 2022 was $78 million. This is, of course, very modest. Trade increased by 15% in January-August of this year"...

Over 800,000 tonnes of potatoes harvested in Belarus
Some 8,981,200 tonnes of grain crops and rapeseed have been cropped in Belarus...

SCO countries urged to join forces to challenge West’s economic dominance
"One of these proposals is about economic cooperation. Belarus is an open and export-oriented economy. The SCO member states account for more than 70% of Belarus’ total trade"...

Belarus, Uzbekistan encouraged to update cooperation roadmap
"We’ve raised trade turnover beyond $0.5 billion. Absolutely all the conditions for doubling the figure are available. Mutual trade is balanced,” Roman Golovchenko said...

Belarusian Bellegprom's export up 7% in January-August 2023
"More than 80% of the concern's exports go to the Russian Federation. We cooperate with almost all regions," she said...

Belarusian Belavia operates regular flights to 21 airports in 10 countries
Belavia makes the maximum use of its fleet of passenger aircraft...

Minsk National Airport passenger traffic up 28.5% in January-August 2023
"Minsk National Airport is focused on attracting airlines, primarily Russian ones, and developing new destinations for passenger and cargo transportation. Flights are operated by 10 carriers on a regular basis"...

Belarus’ exporters urged to monetize high level of political cooperation with Russia
"Dmitry Krutoi noted that the export to Russia lost momentum despite the favorable foreign economic environment. The reasons are the high base effect and the devaluation of the Russian ruble"...

Belarus’ grain harvest over 8.9m tonnes
Harvesting of corn kernels is underway in all the regions of the country, with 182,700 hectares of land already cleared. Some 1,499,200 tonnes of corn kernels were threshed, with the yields averaging 82.1 centners per hectare. Some 21,900,600 tonnes of corn for silage were cropped so far...

Lukashenko: Belarus sees great opportunities in African market
We are welcome there. Having freed themselves from the colonial yoke, they are now very afraid of being swallowed up again. That’s why they are looking to us," Aleksandr Lukashenko said...

Lukashenko praises Belarus’ automotive industry
“We are a country of vehicle makers. We make vehicles that are the envy of any country: low-, medium- and large-tonnage vehicles - BelAZ. MAZ is a medium class vehicle in terms of payload,” Aleksandr Lukashenko said...

Nearly quarter of Belarus’ GDP generated by private sector
"The private sector employs a third of the economically active population. It accounts for a third of the investments and a third of the budget revenues"...

Belarus harvests over 1.4m tonnes of corn kernels
As of 24 October, some 8,878,400 tonnes of grain crops and rapeseed were cropped in Belarus...

Belarus’ BMZ ships over 800,000t of innovative products in January-September
According to Igor Chernyavsky, in January - September the enterprise produced more than 1.7 million tonnes of steel...

Belarus’ Dairy Industry international forum due in Minsk on 26-27 October
More than 450 delegates from 11 countries have already registered to participate in the forum. The event will offer a great opportunity to discuss current problems and prospects, to exchange views on the prospects of the dairy industry...

Belarus third among European countries with cheapest electricity
Speaking at the plenary session of the national committee of the Belenergotopgaz trade union, Energy Minister Viktor Karankevich emphasized the importance of the Belarusian nuclear power plant (BelNPP) as the country’s biggest high-tech project that meets the most advanced safety requirements...

Social commitments to remain priority of Belarus’ 2024 budget
"There are plans to increase the consolidated budget spending on education by 13.8% (a total of Br11.8 billion), healthcare by 11.6% (Br11.6 billion), as well as wages. The wage fund will expand by 12.4% to amount to Br26.2 billion,” said Roman Golovchenko...

PM comments on Belarus' social, economic development targets for 2024
According to him, these targets have been defined as resultant in the context of resource mobilization and the formation of an economy of development in the face of sanctions "They serve as the basic parameters for the the draft budget and the monetary policy," the prime minister said...

Investment seen as main source of economic growth in Belarus
The main source of economic growth is still investment, “which should grow to the level of 19.2% of GDP. The growth should make up almost 4% year-on-year. This is Br47 billion, and exports, the value of which will exceed record-high $53 billion,” the prime minister added...

PM: Belarusian economy proves resilient, adaptable to external shocks
He also stressed that industrial enterprises operate steadily. In January-September, the production of TV sets more than doubled, that of cars rose 3.8 times, trucks - by a third, dump trucks - by 9%, washing machines - by 30%, elevators - by 7%, footwear- by 13%...