Business news

Belarus offsets losses in Western markets by re-directing exports to friendly countries
Nikolai Snopkov named three key constraints that hampered economic growth in 2022 and the first quarter of 2023...

Russia’s Karelia shows interest in Belarusian pulp and paper raw materials
The mill buys cardboard for shells and pulp from Belarus...

Ambassador emphasizes need to remove restrictions for Belarusian products on Russian market
"This applies to the industrial group of goods, such classical for Belarus items as tractors, harvesters, trucks, and passenger vehicles. It is not a question of direct sales restrictions in Russia, but an issue of the access to preferential financial and leasing programs"...

Belarus, China discuss business cooperation prospects
The parties discussed promising areas for cooperation between the business communities of Belarus and China as well as issues related to the organization of a large-scale exposition of the Republic of Belarus at the sixth China International Import Exhibition to be held in Shanghai this autumn...

Belarusian companies featured at metalworking industry expo in Moscow
Belarus’ national exposition in the Russian Expocentre features the latest developments in the field of machine tool building from 15 enterprises affiliated with the Industry Ministry...

Lukashenko instructs to step up cooperation with Russia’s Urals, Siberia and Far East regions
Belarusian President Aleksandr Lukashenko has set the task of stepping up cooperation with the Urals, Siberia and the Far East of Russia, Belarusian Ambassador to Russia Dmitry Krutoi told the media following the meeting with the head of state in Minsk on 22 May...

Belarus' central bank to cut down refinancing rate to 9.75% on 31 May
The interest rate on overnight loans will be reduced to 10.75% per annum, and the interest rate on overnight deposits will go down to 8.75%...

Contracts worth over $266m signed at MILEX 2023 arms expo in Minsk
“The total amount of contracts is estimated at slightly over $266 million; 14 export contracts and several import contracts have been concluded. Specific road maps have been developed. More than 10 documents of this type have been signed,” Dmitry Pantus said...

Belarus’ MAZ rolls off record high number of passenger vehicles in Q1
"We see an increase in demand for our passenger transport. Last year MAZ manufactured 1,250 vehicles, the plan for 2023 is 1,800 buses, trolleybuses and electric buses, including vehicle sets,” Vladimir Dormash said...

Belarus’ manufacturers showcase their latest launches in Russia’s Kazan
The delegation of Belarus’ Industry Ministry led by First Deputy Industry Minister Aleksandr Ogorodnikov took part in the 14th edition of the International Economic Forum “Russia - Islamic World: KazanForum 2023”...

Belarus to take part in China International Import Expo in expanded format
Measures to increase the presence of Belarusian exporters of goods and services in the Chinese market are being implemented within the framework of highest-level agreements...

Belarus, Nicaragua sign agreement on export loans
“In economic terms, we are primarily talking about the development of industrial cooperation, the use of Belarusian agricultural technologies in the development of Nicaraguan agriculture, and the supply of passenger and road construction equipment to the Nicaraguan market,” the minister said...

Belarusian commodity exchange presents its import substitution platform in China’s Tianjin
Following the B2B negotiations on the sidelines of the forum, a number of large Chinese manufacturers expressed their readiness to supply technological equipment, spare parts and components for the needs of the Belarusian industrial and agricultural sectors...

BelNPP’s second unit to reach 100% output capacity, get ready for operational acceptance in 2023
The output of the reactor unit of the second unit of the Belarusian nuclear power plant has been raised to 50% since then...

Nicaragua’s FM: Belarus might take part in Nicaragua Canal project
According to Denis Moncada Colindres, the meeting with the president of Belarus was fruitful. The parties reaffirmed their commitment to mutual support and solidarity, discussed promising cooperation projects, a possibility to supply equipment, as well as other matters...

Belarus, Nicaragua to hold talks on export loans
The Industry Ministry was authorized to hold talks based on this draft framework agreement...

Plans to ship more Belarusian timber, vegetable oil, meat, dairy products to China via BUCE
Chief Executive of Beijing Huibaocheng Technology Company Wanghui Chen expressed interest in cooperation with the Belarusian Universal Commodity Exchange in purchases of dairy products and vegetable oils, which are broadly used in the Chinese food industry...

Belarus to present national exposition at agricultural expo in Serbia
The parties discussed preparations for the business forum and participation of Belarusian enterprises in the International Agricultural Fair in Novi Sad...

Belarus, China discuss plans to diversify bilateral trade
The parties discussed topical issues of Belarus-China cooperation in trade and economy, analyzed a possibility to intensify contacts between business circles, to diversify mutual deliveries, and arrange events involving businesses from the two countries...

Belarusian companies’ net profit up 25% in January-April 2023
According to the operative data, in January-April 2023 industrial output increased by 2.3%, agricultural output by 3.7%...