Business news

Russia’s Samara Oblast to buy up to 180 tractors from Belarusian MTZ in 2023
MTZ Director General Vitaly Vovk met with members of the Samara Oblast government the other day. Prospects of expanding mutually beneficial cooperation were discussed...

Over 60 Belarus’ companies certified to supply Halal products to Persian Gulf states
The Belarusian national accreditation system has been recognized by international accreditation organizations ILAC and IAF in eight areas (testing, calibration, medical research, certification of products, personnel, management systems, inspection, and proficiency testing)...

Key areas of Belarusian Industry Ministry’s work in 2023 identified
“Only concerted and fully mobilized efforts will ensure the economic development of the country and decent living standards for our citizens,” he concluded...

Export of Industry Ministry enterprises up by over 15% in 2022
According to him, the Russian Federation accounts for the lion’s share of exports ($4.9 billion), up by more than 50%...

Export by Belarusian Industry Ministry enterprises to Russia 50% up in 2022
A lot of attention is also paid to remote countries. “Export diversification is a clear stance of our president,” the deputy prime minister stressed...

Belarus’ vice-premier: Industry performed well in 2022
”The Industry Ministry fulfilled almost all key indicators, showed very good dynamics in output and exports where the growth was estimated at 15%. This is a very decent result, as enterprises affiliated with the Industry Ministry worked highly efficiently in 2021”...

Belarus' central bank to reduce refinancing rate to 11% on 1 March
The interest rate on overnight loans will be decreased from 12.5% to 12%, with the interest rate on overnight deposits down from 10.5% to 10% per annum...

Belarusian Railways, Great Stone park discuss rail container transportation
During the meeting, the parties discussed the current status and prospects for cooperation and spoke in favor of closer practical cooperation in the context of an increase in the output and cargo transportation by resident companies of the China-Belarus Industrial Park Great Stone...

Seven resident companies registered in China-Belarus industrial park Great Stone so far this year
Existing companies did well in 2022. Their output rose by 1.5 times, export by 1.3 times, earnings from sales by 1.9 times, net profit by 2.4 times. Taxes, dues, and fees paid to the state budget and extrabudgetary funds rose by 2.2 times...

Belarusian BelAZ celebrates 220-tonne truck’s 2,000 production milestone
Haul trucks with the carrying capacity of 220 tonnes are a top seller. For several years BelAZ has been occupying half of this segment of the world market...

Belarusian brands showcased at Gulfood expo in Dubai
The exhibition features twelve Belarusian companies. The Belarusian exposition covers the total area of 96 m2. The Belarusian stands broadly display the export potential of Grodno Oblast enterprises included in Grodnomyasomolprom Holding Company...

Renewables exceed 8% in Belarus’ fuel and energy mix
The installed capacity of renewable energy facilities in Belarus over the past nine years has increased fivefold: from 120MW to 608MW at the end of 2022...

Main priority in Belarus’ foreign policy outlined
In 2022, Belarus secured a certain increase in physical volumes of export, including trucks, televisions, metal structures, petroleum products, tires...

MTZ products on display at international agricultural fair in Bulgaria
The fair covers all areas and branches of agriculture - from agricultural products and equipment to science, innovations and services...

New company of China-Belarus Industrial Park Great Stone to specialize in logistics
The new resident company - Bel-Nord Logistics LLC - was founded by a Chinese company specializing in international logistics...

Belarus, Iran to step up economic cooperation
Ways to step up trade and economic cooperation between Belarus and Iran were discussed during a meeting between Belarusian Minister of Antimonopoly Regulation and Trade Aleksei Bogdanov and Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to Belarus Saeed Yari...

Opinion: Belarus, Russia are effectively resisting West’s illegal sanctions
The economist noted that the attempts to strangle the two countries economically should by challenged by joint strategies in production digitalization, biotechnology, pharmaceuticals, microelectronics, space and other areas. All this will help get away from dependence on components from unfriendly countries...

Russia’s Leningrad Oblast shows interest in Belarusian MAZ vehicles
A delegation led by the head of the Russia’s Leningrad Oblast Committee on Transport Mikhail Prisiazhniuk visited MAZ to explore its vehicles and manufacturing facilities. The delegation also included representatives of the regional carrier companies...

Belarus, Russia’s Kirov Oblast decide on steps to promote cooperation in 2023-2026
“Amidst a huge pressure associated with the sanctions, we should strive to work out product supplies with each Russian region, we need to come up with such forms of import substitution that would enable us to complement each other economically and facilitate the supply of common products to the markets of third countries,” the Gomel Oblast governor emphasized...

Prospects for cooperation between Belarus, India discussed in Minsk
The National Center for Marketing and the Global India Business Forum held a video conference on the prospects for cooperation between Belarus and India in science, technology, education and information technology...