Business news

Newcomer to FEZ Minsk to produce furniture parts using laminated chipboard
The company plans to produce furniture parts using laminated chipboard. A corresponding agreement was signed by Head of the FEZ Minsk Administration Anatoly Buben and Director of Modul-Online Artyom Zubovich...

Great Stone resident to make computers, related products
The Chinese-Belarusian industrial park Great Stone has registered a new resident – the Belarusian company IRBI...

First Belarusian-Russian harvester assembly site now operational in Russia’s Krasnodar Territory
The harvester plant Kuban based in Ust-Labinsk, Krasnodar Territory and the Belarusian mechanical engineering holding company Gomselmash teamed up as part of the project...

Exchange trade between Belarus, Russia’s Sverdlovsk Oblast up 30 times
According to the BUCE representative, the high positive dynamics of the exchange commodity trade was achieved through the increased interaction with small and medium-sized business of Sverdlovsk Oblast, including with the assistance of the regional export promotion center...

Belarus working to create a research reactor
"Last year we visited the Kurchatov Institute, we saw the PIK research reactor in Gatchina. We agreed on cooperation. We are ready to sign an agreement on collaboration in fundamental research"...

Belarusian BelAZ’s export to Russia exceeds $800m in 2022
“We also got off to a fairly good start in the first quarter of 2023. Based on the current order portfolio, this year we expect to surpass the results of 2022,” the BelAZ deputy director general said...

Belarus’ Industry Ministry sees export potential in cooperation with Asia, Africa, Latin America
A good example of active cooperation in the export of Belarusian industrial products is the sales of automotive, agricultural and cargo machinery to Togo, Zimbabwe, Pakistan and India. Supplies are mainly made through the existing distribution network, which also provides service and warranty support for machinery, or directly to the end user...

Belarus ready to participate in infrastructure projects in Russia’s Volgograd Oblast
Manufacturing cooperation is one of the most important areas of work. So far 37 enterprises to assemble Belarusian vehicles and machines have been set up in Russian regions, including nine enterprises with a share of Belarusian capital...

About 200 Belarusian companies eager to participate in Innoprom expo in Russian Yekaterinburg
It is the first time Belarus will take part in the Innoprom expo as a partner country. The partner country status is special. The key advantages include exhibition area of at least 3,000m2, priority placement in the exhibition pavilion...

Zimbabwe seen as major hub for selling Belarusian vehicles, machines, equipment in South Africa
Zimbabwe may become a major hub in South Africa for selling Belarusian products, BelTA learned from Minister of Foreign Affairs and International Trade of Zimbabwe Frederick Shava after the minister met with Belarus President Aleksandr Lukashenko...

PM: Belarus’ trade with Russia’s Volgograd Oblast is steadily growing
Over the past year, the trade expanded 1.5 times. “This is a good dynamic. It is important to maintain and build momentum in the future. This is possible only through launching new projects,” the prime minister said...

PM names priority areas of Belarus-Russia cooperation
In order to maintain momentum in bilateral trade and fulfill the tasks set by the leaders of Belarus and Russia, it is necessary to take additional steps to eliminate obstacles impeding the mutual supply of goods, to level the playing field for enterprises of the two countries and to remove the remaining barriers and restrictions...

PM: Belarus and Russia have developed strategic response to Western sanctions
In his words, industrial enterprises continue to operate well, increasing production volumes and boosting import substitution processes...

Ogorodnikov: Belarus-Zimbabwe projects in industry are in full swing
Aleksandr Ogorodnikov took stock of the progress to implement the third phase of the Zimbabwean agricultural mechanization program, where Belarus acts as an agricultural equipment supplier, explored the possibilities to supply quarry equipment to Zimbabwe...

Belarusian Confederation of Entrepreneurship presents its flagship projects
"Improving financial literacy among young people is a flagship project of the future. We regularly participate in various seminars and lectures at universities and colleges, where we talk about our activities and answer questions about the legal framework for doing business"...

Belarus' central bank to cut down refinancing rate to 10.5% on 3 April
The refinancing rate will be reduced from 11% to 10.5% per annum. The interest rate on overnight loans will be decreased from 12% to 11.5%, with the interest rate on overnight deposits down from 10% to 9.5% per annum...

Belarus’ electricity consumption may grow to 47bn kWh by 2030
It is expected that electricity consumption will grow in the real sector of the economy. The further electrification of the housing stock will also contribute to higher electricity consumption. Development of electric transport will be another centerpiece of efforts to increase electricity consumption...

Belarus’ vice premier names key avenues of cooperation with Russia’s Altai Territory
The parties expressed their intention to deepen cooperation, expand bilateral contacts and implement joint projects in the manufacturing industry...

Belarus introduces temporary ban on export of certain goods
The ban applies to gypsum, anhydrite, dental cements and other filling materials, bone cements, disinfectants, paints and varnishes based on synthetic polymers, modeling pastes, diagnostic or laboratory reagents on a substrate, filter elements (including hemodialysis membranes) for the healthcare industry, glass ampoules, glassware for laboratory, hygienic or pharmaceutical purposes...

Belarus ready to ship more passenger vehicles, agricultural machines to Russia’s Altai Territory
Ambassador Extraordinary and Plenipotentiary of Belarus to Russia Dmitry Krutoi and Deputy Prime Minister Leonid Zayats informed Russian partners about capabilities of the Belarusian manufacturing sector taking into account needs and interests of the Russian region...