Business news

Snopkov: Low inflation stimulates consumer demand
"The inflation rate has dropped significantly. The increase in the consumer price index in June 2023 was 3% over December 2022, well under the 6.9% forecast for this period," Nikolai Snopkov said...

Snopkov: Growth of industrial production fueled by strong external demand
"The growth in merchandise exports has been secured mainly due to exports to Russia and friendly countries. The growth is $5.6 billion. It is gratifying to note that we have fully made up for the decline in exports to Ukraine and unfriendly states," Nikolai Snopkov said...

BUCE, China National Forest Product Industry Corporation to expand cooperation
The corporation plans not only to buy more Belarusian sawn timber at exchange auctions, but also to sell China-made goods through the BUCE import substitution platform, head of the purchasing department of the company Li Yingtian said during the meeting with the BUCE management...

Belarus’ Amkodor showcases its machinery at exhibition in Russia’s Novosibirsk Oblast
The company presented the AMKODOR 332C4 multipurpose wheel loader, the AMKODOR 211 multipurpose skid steer loader and a grain cleaning and drying complex...

Over 4m tonnes of grain, including rapeseed, harvested in Belarus
As of 8 August, cereals and leguminous crops (excluding corn, buckwheat and millet) were harvested from the area of 936,600 hectares, which is 48,9% of the designated area. Some 3.176 million tonnes of grain have been threshed, showing average yields of 33.9 centners per hectare...

Belarus’ Gomel Oblast, Russia’s Nizhny Novgorod Oblast intend to step up ties
The governor noted that trade has been growing but the possibilities have not been exhausted. "Both sides are committed to cooperation. We need to build logistics," Ivan Krupko said...

Chinese sawn timber purchases at Belarusian commodity exchange up by 2.5 times
"In January-July 2023, Chinese companies purchased more than 195,000 cubic meters of sawn timber at the Belarusian Universal Commodity Exchange, which was 2.5 times more than in the same period in 2022," BUCE said...

Belarus’ gold, forex reserves up to almost $8bn in July 2023
The country’s gold and foreign currency reserves went up by $182 million (or 2.3%) in July 2023 after shrinking by $80.6 million (1.02%) in June 2023...

Belarus crops 3m tonnes of grain
As of 7 August, cereals and leguminous crops (excluding corn, buckwheat and millet) were harvested from the area of 894,400 hectares, which is 46.7% of the designated area...

Belarus, Ghana discuss product supplies, industrial cooperation
Representatives of the Ghanaian business were briefed on trade and economic potential of Belarus and opportunities for interaction with the National Center for Marketing...

Belarus’ commodity exchange to cooperate with Export Support Center of Russia’s Kaliningrad Oblast
Special attention was paid to the agricultural sector, primarily manufacturers of oil and fat products and grains...

Channel of Belarus’ National Pavilion on Douyin gains 1m subscribers
The channel is the project of the Industrial Park Development Company and Chinese partners. It has become one of the largest foreign educational resources in social media. The tasks of the channel include the promotion of Belarus among Chinese users...

Anechoic chamber for engine noise testing to open at Minsk Motor Plant
The laboratory will be a shielded enclosure with its walls covered with sound absorbing elements. Such a room is called anechoic chamber (complete absence of echo)...

Belarusian electric companies to help modernize facilities in Russia’s Leningrad Oblast
Bilateral cooperation options were discussed as a delegation of the Belarusian Energy Ministry led by Deputy Energy Minister Denis Moroz met with Deputy Prime Minister of the Leningrad Oblast government Oleg Malashchenko in St. Petersburg...

Rosatom upgrades Belarusian nuclear power plant equipment simulator
The work included installation, tuning, and the necessary testing of the Portal software suite. It is special software for automating control of distributed technological systems. The software suite collects data from remote installations in real time...

Lukashenko unhappy about high mortality rates among calves
The head of state recalled his instruction to transfer dairy herd to modern dairy complexes within five years. The president urged to create good conditions for livestock maintenance and fattening...

Over 2m tonnes of grain cropped in Belarus
As of 3 August, cereals and leguminous crops (excluding corn, buckwheat and millet) were harvested from the area of 606,200 hectares, which is 30.6% of the designated area. Some 2.096 million tonnes of grain have been threshed, showing average yields of 34.6 centners per hectare...

Belarus, China discuss cooperation in e-procurement
The parties reached an agreement on mutual consulting support of partner organizations on participation in such procurement and exchange of information on large-scale tenders held in the two countries...

Russia’s Penza Oblast interested in cooperation with Belarusian Bobruiskagromash
A Penza Oblast delegation led by Deputy Prime Minister of the Penza Oblast government Aleksei Kostin went to Bobruiskagromash as part of the visit to Mogilev Oblast. Bobruiskagromash Director General Viktor Filatov made the guests familiar with the company’s manufacturing capabilities and the model range of the vehicles and machines the company makes...

Delegation of Belarus’ private sector to visit Bulgaria in September
The fair will take place on 14-17 September. The visit has been organized as part of the efforts to help realize the existing export potential of Belarusian companies on foreign markets...