Business news

Belarus’ refinancing rate projected at 9-9.5% per annum in 2024
The banking sector will continue to contribute to the sustainable economic development of the country by meeting effective demand for loans to finance economic and investment activity by creating a balanced resource base for this...

Belarus’ PM: Strategic projects should be a product of continuous, focused effort
Belarusian Prime Minister Roman Golovchenko said in an interview to Belarus 1 TV Channel as he commented on the government meeting chaired by Belarusian President Aleksandr Lukashenko on 20 October to discuss ways to improve the system of planning and overseeing the implementation of strategic projects...

Over 788,000 tonnes of potatoes harvested in Belarus
The ministry added that as of 23 October, some 8,859,800 tonnes of grain crops and rapeseed were cropped in Belarus...

Belarus calculates fixed-capital investments in January-September 2023
Belarus’ fixed-capital investments made up Br24.3 billion in January-September 2023...

Belarus ready to help Nigeria implement economic development program
Special emphasis was placed on the development of cooperation in agriculture...

Council for strategic investment projects under Belarus president suggested
Maksim Yermolovich remarked that a number of significant large-scale projects had been implemented in Belarus. At the same time some of them are not as successful or there is a shortage of promising projects despite the availability of financial resources...

Belarus to reduce natural gas consumption after fully commissioning nuclear power plant
"Since the first unit started working, the Belarusian nuclear power plant has generated over 20 billion kWh of electricity, which allowed substituting about 5 billion m3 of natural gas and saving about $600-650 million"...

Manufacturing of new car brand launched in Belarus
The president reminded that Belarus intends to start manufacturing automobiles together with the Chinese company FAW Group. The corporation’s most famous brand is Hongqi cars...

Lukashenko: It would be extremely advantageous for Belarus to have two nuclear power plants
“Either we add two units to the existing nuclear power plant or build two units in Mogilev Oblast where the second appropriate site is located. And then we will get more than half of electricity from a nuclear power plant. A clean and very profitable product,” he stressed...

Cuba interested in closer cooperation in agriculture with Belarus
"We signed important agreements in science and the pharmaceutical industry"...

Russia’s Stavropol Territory interested in assembling Belarusian tractors
The parties pointed to the growth in trade between Belarus and Stavropol Territory: by the end of the year it is expected to hit $0.5 billion. The ambassador and the governor agreed that in order to fulfill the tasks set by the leaders of the two countries, it is necessary to move from a trade-focused cooperation strategy to a partnerships-based model...

Belarusian commodity exchange takes part in BakuBuild expo
The BUCE stand showcases the list of exchange goods, terms of participation in trading and principles of the BUCE trading system, and also provides an opportunity for visitors to assess the efficiency of the exchange mechanism by taking part in training trading sessions...

Belarus’ grain harvest at 8.8m tonnes
Harvesting of corn kernels is underway in all the regions of the country, with 168,600 hectares of land already cleared. Some 1,375,500 tonnes of corn kernels were threshed, with the yields averaging 81.6 centners per hectare.

Yermolovich names areas Belarus should tap into to promote economic growth
Belarus also needs closer cooperation with partners, technology partnerships with the most advanced countries in the world: Russia and China...

Lukashenko amends decree on measures to ensure stable functioning of economy
The document extended, until a special decision by the head of state is taken, the powers granted to the Council of Ministers by Decree No. 93 to make decisions regarding individual economic entities and to ensure budget balance...

Belarus, Cuba interested in closer cooperation in pharmaceutical industry
As the speaker noted, Belarus-Cuba cooperation in healthcare is on the up...

Promising areas of cooperation between Belarus, Russia’s Mordovia outlined
According to the deputy prime minister, the Wests’ sanctions on Belarus and Russia encourages closer cooperation between the two...

Minsk, Malabo thrash out cooperation plans
“We are also negotiating the supply of trucks, passenger vehicles, trailers, special equipment, mining dump trucks for the steadily growing economy of Equatorial Guinea,” said Sergei Aleinik. “Over the past 25 years, this country’s GDP has skyrocketed more than 52 times"...

Belarus to open national exposition at Abu Dhabi International Food Exhibition 2023
This year, more than 1,200 companies are expected to participate, including exhibitors from Belarus, Russia, China, Italy, France, Poland, Armenia, Morocco, Kyrgyzstan, Greece, Thailand, India, Egypt and others. Brands like Nestlé S.A., Ferrero SpA, Barilla, Brie, Danone, Campbell Soup, Bonduelle will be presented...

Belarus’ vegetable harvest at 123,700 tonnes
Some 21,022,100 tonnes of corn for silage were cropped so far. Belarus harvested 761,900 tonnes of potatoes. The yields average 352.5 centners per hectare...