Business news

Belarusian tractors on display in front of Brazilian president’s palace
Belarus and Brazil continue discussing prospects of setting up an enterprise to assemble Belarusian tractors and prospects of interaction within the framework of a program on developing agriculture in Brazilian provinces...

Belarus-China trade at $3.72bn in January-May 2023
Trade and economic cooperation over the past few years has withstood the tough test of the COVID-19 pandemic and a number of external negative factors, the ambassador added. Bilateral trade has reached new highs, demonstrating strong resilience and great potential...

Belarus, China’s Chongqing to promote industrial cooperation, tourism
"Strengthening cooperation between Belarus and Chongqing will give a new impetus to Belarusian-Chinese cooperation," Belarusian Deputy Economy Minister Alesya Abramenko said...

Vitebsk Oblast enterprises sign over 120 contracts at Forum of Regions of Belarus, Russia
As part of preparations for and during the actual forum 28 Vitebsk Oblast commercial entities signed 123 commercial contracts. The sum of export contracts exceeds $125 million, told representatives of the Economy Committee of the Vitebsk Oblast Executive Committee...

Belarusian Bellegprom signs RUB2.5bn worth of contracts at Forum of Regions in Ufa
Head of the concern Tatiana Lugina made a presentation on "Import substitution in the light industry as the key to ensuring the economic sovereignty of the Union State" at the plenary session of the forum...

Ambassador discusses cooperation opportunities with Russian governors at Forum of Regions
Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Dmitry Krutoi held a series of meetings with governors of Russian regions on the sidelines of the 10th Forum of Regions of Belarus and Russia in Ufa...

Russian companies increasingly active at Belarusian commodity exchange in January-May
In May 2022 BUCE launched an electronic trading platform for import substitution. Since then more than 38,000 transactions have been concluded, and more than 2,000 purchase bids and about 62,000 sale orders have been placed, Aleksandr Osmolovsky noted...

Belarus, Africa mull over food exports, cooperation in education
According to the statistics, in January-April 2023 Belarusian products were supplied to such countries of Africa as Ghana, Egypt, Cote d'Ivoire, Mauritania, Nigeria, Senegal and Uganda...

Belarusian MTZ to launch tractor production in Russia’s Yelabuga
MTZ plans to produce 200 BELARUS 1221.3 gas-engine tractors at its subsidiary in 2023-2024. Mass production will be launched immediately after all necessary tests are run and a conformity certificate for the Minsk Motor Plant gas engine is obtained...

Belarusian Comintern store in Ufa hailed as great project
The opening ceremony of the first Belarusian Comintern store in the Mega shopping center in Ufa, Russia took place on 27 June with the participation of Bashkortostan Head Radiy Khabirov, Belarusian Ambassador to Russia Dmitry Krutoi, and Chairwoman of the Belarusian state light industry concern Bellegprom Tatiana Lugina...

Minsk, Ufa outline steps to further cooperation
Ufa is interested in the supply of Minsk-made urban and special-purpose vehicles, especially electric buses and hybrid trams, in the city’s practices of developing school-based sports centers and educational and scientific exchange...

Belarus sells first sugar batch to Moldova via commodity exchange
BUCE expects that the pilot transaction will become the starting point for regular deliveries of Belarusian sugar to Moldova, since the same algorithm has been used to launch work with Kazakhstan and Kyrgyzstan, which are the main buyers of Belarusian sugar at exchange auction today...

Belarus’ Grodno Oblast, Brazil to develop cooperation
Grodno Oblast Governor Vladimir Karanik told the media after the meeting with Brazil’s Ambassador to Belarus Bernard Jorg Leopold de Garcia Klingl...

Prime minister explains new business terms, preferences Belarus about to offer to investors
Another innovation suggests granting district administrations the right to sign investment agreements. It will help fulfill the president’s instruction to implement at least one investment project per district...

PM: Belarus’ economy is rebounding
“We can say that the tasks are being fulfilled. This was also acknowledged by the president who said at the end of the meeting that the situation is stable. This is the main thing,” Roman Golovchenko stressed...

Lukashenko encourages manufacturers to explore new markets to reduce stock in storage
During the conference Aleksandr Lukashenko wondered about the stock in storage at Belarusian enterprises. According to the president, he is concerned by the current situation and wants to find out how serious the issue is...

Lukashenko comments on new investment bill
“In the current geopolitical circumstances, it is highly unlikely for Western investors to come to the Belarusian economy. Let us focus on others: eastern, Asian, African and other investors,” Aleksandr Lukashenko said. “We should also work with Western investors, we should not reject their proposals immediately”...

Lukashenko to investors: Don’t treat Belarus like a banana republic
Belarus President Aleksandr Lukashenko made the statement during the government conference with top Council of Ministers officials on 22 June...

Tentative plans to sell Belarusian vehicles, equipment to Latin America via Nicaragua
Belarusian Deputy Industry Minister Dmitry Kharitonchik made the statement as he met with Nicaraguan Deputy Transport Minister Amaru Ramirez...

Belarus’ National Center for Marketing to deepen economic ties with Arab nations
As a result of meetings with representatives of Sharjah FDI Office (Sharjah’s investment promotion agency) and the Eurasia Gulf company, memorandums of understanding were signed to consolidate agreements on the promotion of Belarusian-Arab trade and economic cooperation...