Business news

Mogilevliftmash urged to make most of current window of opportunity
"This is our chance. The window of opportunity is open. It will not last forever," the president said speaking about the current high demand for a variety of products as western competitors have left the market...

Promising avenues of Belarus’ cooperation with Russia’s Sverdlovsk Oblast reviewed
The manufacturing sector is the engine of cooperation because both Belarus and Sverdlovsk Oblast have well-developed manufacturing sectors, the prime minister stressed...

Functionality of Belarusian State University’s second nano satellite described
The official explained that the nano satellite incorporates a selection of rather sophisticated scientific modules, which can handle sophisticated scientific tasks and technological tasks. In particular, the task to research a technology for special optic protective films for space equipment is being accomplished...

New opportunities for cooperation between Grodno Oblast, China’s Gansu Province discussed
The Grodno Oblast governor met with Secretary of the Communist Party Committee of Gansu Province Hu Changsheng. Vladimir Karanik and Hu Changsheng discussed the state and prospects of Belarus-China interregional cooperation in trade, economy, and humanitarian affairs...

Production of high-tech packaging discussed at China-Belarus Industrial Park Great Stone
The Chinese enterprise Shanxi Minfeng Zhengyi Printing Co., Ltd. visited the Great Stone park to hold talks with the management of the Industrial Park Development Company...

Belarus’ Energy Ministry to present high-tech solutions at Innoprom expo in Russia
Visitors will be able to study Belarusian VR simulators, learn about the advantages of 3D modeling technologies...

Belarus’ deputy industry minister shares expectations from Innoprom expo
Six enterprises of the Industry Ministry will display their equipment on the area of more than 1,500m2 inside the Yekaterinburg-Expo exhibition center and on 21m2 outside the facility. In general, 21 full-scale models of equipment by MAZ, Amkodor, Gomselmash, Belkommunmash, MTZ will be on display...

Plans to showcase Belarusian food at Russian expo Innoprom
Domochay Company will present confectionery products (gingerbread, cookies, pastries). Minsk Dairy Plant No.1 will present dairy products and elite cheese while Grodno Meat Packing Plant will display a broad range of meat specialties. The choice will include raw smoked and dry-cured sausages as well as a lineup of meat products for children...

Belarus reduces export duties on oil, oil products
In line with the document, the export duty on crude, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils is now $15.6 per tonne ($16.2 per tonne before)...

Belarus’ Grodno Oblast to take part in investment, trade fair in China’s Lanzhou
Grodno Oblast will display a collective exposition featuring its leading enterprises: producer of nitrogen compounds and fertilizers Grodno Azot, Bellakt baby food and dairy producer, OOO Primemilk whey and dairy manufacturer, Grodno Meat Processing Plant, Slonim Meat Processing Plant, and Lidakhleboprodukt flour manufacturer, the press service noted...

Belarus’ Industry Ministry companies to sign $150m worth of contracts at Innoprom expo
According to the minister, an unmanned tractor, a gas-powered and highly-localized BelAZ, as well as new solutions in machine tool industry will be showcased at Innoprom...

Ambassador: Belarus-Russia cooperation potential is almost unlimited
Contracts worth about RUB110 billion were signed during the 10th Forum of Regions of Belarus and Russia in Ufa. This is a record amount of contracts...

Ambassador: Belarus, Russia, work daily to counter sanctions
"The task set by the president is ambitious, namely to double our presence in the Russian market and implement as many joint cooperation projects as possible," the Belarusian diplomat summed up...

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...