Business news

Lukashenko identifies Belarus’ GDP growth drivers in 2023
Aleksandr Lukashenko said: “This year we have to achieve the growth of the gross domestic product of about 4% as the five-year program stipulates. How can we achieve that? We know how”...

Lukashenko slams poor digitization progress, underlines importance of Belarusian software
Aleksandr Lukashenko said: “The large-scale digitization that the government has been talking about for years is going slowly for now. The status of the IT country provides for creating a product to serve needs of our own economy first. Preferences were granted with that in mind. I have yet to see the results”...

Promising avenues of Belarus-Russia manufacturing cooperation identified
The president also said that there are plans to launch about 15 projects with Russian partners in the mechanical engineering industry...

Lukashenko comments on cooperation with African nations
”We need to build a fine thread of contacts at the highest level like we are doing in Zimbabwe, the United Arab Emirates, Iran, Venezuela and other countries. And, I would like to emphasize that we are doing it on an equal footing, unlike modern neo-colonialists whose ancestors plundered the world for centuries,” the Belarusian leader said...

Belarus’ foreign trade prioritizes Russia, China as strategic partners
Belarus President Aleksandr Lukashenko made the statement in his Address to the nation and the parliament on 31 March...

Lukashenko talks about trade, economic projects in partnership with China
The interlinking of the Eurasian Economic Union and China’s Belt and Road initiative should get realistic forms, Aleksandr Lukashenko stressed...

Call for placing energy-intensive enterprises close to Belarusian nuclear power plant
"Yes, thanks to the Belarusian nuclear power plant we substitute natural gas and can actively develop the electric industry. Electric transport is the key component"...

Lukashenko sets import substitution targets
"Last year we produced import-substituting products worth over $27 billion. This year we can add 10%. When there is a will, there is a way. We are not just talking about import substitution. We are talking about developing entire high-tech industries"...

Lukashenko: Belarus’ industry should grow by 5-7% annually
In addition, financial stability has been maintained in the real sector of the economy, while net profit and profitability of enterprises have grown, the head of state added...

Toughness of Belarusians in face of Western sanctions emphasized
Aleksandr Lukashenko added that Belarusian enterprises keep working and goods are being shipped to new markets despite all the sanctions...

Belarusian economy identified as West’s key target
Economy is a condition for Belarus’ sovereignty and independence...

Lukashenko names priorities for Belarusian transport industry
”The development of our port infrastructure and new overland routes to China, Iran and other Asian countries must become the absolute priority of our transport industry,” Aleksandr Lukashenko said...

Lukashenko in favor of additional guarantees for responsible investors
Aleksandr Lukashenko said: “It is necessary to seriously invest in manufacturing. These things are not so good for now. Our fixed-capital investments went down by 19%! Although the realization of over 150 projects was completed. This year we just have to reverse the investment trend of the last few years”...

Belarus, Hungary to promote business contacts, cooperation in manufacturing
The parties exchanged information on the potential and framework conditions for interaction with a focus on trade and economy...

BUCE to step up efforts to promote Belarusian products in Israel
Boris Gelfand confirmed his readiness to act as an intermediary for BUCE in the Middle East, and also informed about arrangements with one of Israel’s leading sawn timber importers regarding participation in exchange trading...

Belarus’ Industry Ministry seeks to build cooperation with Sri Lanka
According to Aleksandr Yefimov, cooperation in tractor making holds a lot of promise. Belarus is ready to offer the entire lineup of tractors, including tractors for agriculture and public utilities...

Sri Lankan delegation on visit to Belarus
Bandula Gunawardana met with the Belarusian deputy industry minister, heads of the country's leading transport companies: MAZ, Amkodor and Belkommunmash...

Belarusian BelAZ rolls out two import-independent haul trucks
According to the BelAZ deputy director general, the most expected novelty of the year in the 220 tonne segment is the haul truck BelAZ-75304 with an engine from the Russian city of Kolomna...

Vitebsk to host international economic forum on 18-19 May
The business program of the forum will include thematic expositions and demonstration sites “Territory of innovations in industry”, “Light industry as a platform for cooperation opportunities”, “Innovations in pharmacy, healthcare, medicine”, “Energy: resources and technologies”, “Innovative equipment and machinery”, “Tourist potential of Vitebsk Oblast”...

Belarus’ Primemilk sells to over 30 countries
Primemilk specializes in the production of dry products. The company processes about 900 tonnes of raw materials a day, producing about 30 tonnes of soft cheeses and about 100 tonnes of dry whey-based products...