Business news

Belarus’ Industry Ministry companies ramp up exports to CIS in January-November 2022
Over this period, the total exports of the manufacturers affiliated with the Industry Ministry grew by 14.1%, the imports inched up by 1.7%. Thus, the companies had a trade surplus...

Over 11bn kWh of electricity generated by first unit of Belarusian nuclear power plant so far
Systemic work continues to add locally available fuels to the country’s fuel and energy budget and develop renewable energy sources. The output capacity of the country’s renewable energy sources increased by more than six times in the last nine years – from 93MW to 608MW as of late 2022...

Export growth of Belarus’ industrial goods in 2022 estimated at about 15%
The export to the Russian market was the highest on record: the export expanded in absolute terms by over 66%, and the share of the Russian Federation in Belarus’ total exports is expected to reach 75% against 55% in the previous year...

Belarus’ light industry export to Russia up by 30% in 2022
Belarus supplied light industry products to 71 regions of the Russian Federation in 2022. The volume of supplies to 65 of them increased over 2021. All in all, the light industry export to the Russian market rose by 30%...

Golovchenko reviews performance of Baranovichi Cotton Production Amalgamation
According to him, it would be wrong for the company to take the path of least resistance and buy ready-made fabrics...

Plans to promote business contacts between Belarus, Pakistan
Director of the center Nikolai Borisevich took part in the sixth meeting of the Belarus-Pakistan commission on trade and economic cooperation...

Belarusian commodity exchange, Uzbekistan embassy outline priorities of cooperation for 2023
Promotion of trade in timber and agricultural products, development of import substitution and holding joint business events have been identified as priority areas of cooperation between the Belarusian Universal Commodity Exchange (BUCE) and the Embassy of Uzbekistan in Belarus...

Pakistan promises favorable terms to Belarusian private sector
Khurram Dastgir said: “We have a number of proposals, including free economic zones, various tax benefits and regimes that can be used as well as the possibility of setting up joint ventures in Pakistan. We are interested in selling such products not only in Pakistan and Belarus but also in third countries in the future”...

Belarus, Pakistan agree to expand cooperation
In particular, Belarus is interested in stepping up deliveries of industrial goods to Pakistan. The possibility of selling Belarusian passenger vehicles, municipal vehicles, agricultural machines, mining machines, and textile industry products to Pakistan was discussed...

Belarus interested in selling agribusiness products, agricultural machines to Pakistan
Viktor Karankevich stressed the two countries have good prospects for transition from simple trade to manufacturing cooperation, to the establishment of joint enterprises in spheres of mutual interest...

Belarus’ economic dividends from integration with Russia pointed out
Roman Golovchenko is convinced that the previously adopted policy towards integration with Russia and towards the realization of Union State programs had been the right and timely move...

Prime minister: Belarus has secured a surplus in trade with Russia for the first time ever
"In January-November 2022 the mutual trade in merchandise and services reached a historic high of $45 billion. I believe that once statistics for the 12 months is summarized, we will be able to exceed $50 billion"...

Belarusian BelAZ ships six 220-tonne haul trucks to Russia’s Kemerovo Oblast
The new haul trucks meet international environmental standards and are designed to operate in complicated climate conditions while using fuel and lubricants of Russian make...

Russian economist opines on impact of Western sanctions on Belarus
"For the most part, machine-building enterprises in Russia, as well as in Belarus, relied on Russian technologies, with some exceptions"...

Brest’s satellite town to offer preferences to resident companies of sci-tech parks
“There is a need to upgrade existing industries and create new, high-tech ones. Import-substituting industries and technologies are taking on new significance in the face of the sanctions. Resident companies of tech parks are able to address this problem. Therefore, we decided to offer more favorable conditions for doing business for them,” Andrei Kuzmich explained...

Pakistan delegation in Belarus on a visit
During the session the sides are expected to discuss matters of bilateral cooperation, including possible realization of joint projects in production sector, agriculture, pharmaceutics, science, education, and other spheres. A number of bilateral agreements are supposed to be signed...

Belarusian Amkodor’s export over 80% up in 2022
The year 2022 was successful for the holding company Amkodor thanks to steady implementation of innovations. The growth strategy the company adopted in 2021 matches the current market situation and development trends on the market of mechanical engineering products. In particular, the merchandise export growth rate totaled 182.4%...

Belarusian tire maker Belshina worked well in 2022 despite sanctions
Due to changes on the global market the main task Belshina had to accomplish was to redistribute the sale volumes onto traditional markets of Belarus and Russia. Their shares in Belshina’s total sales in monetary terms amounted to 49.8% and 44.5%...

Belarus' gold, forex reserves 1.6% up to $7.929bn in December 2022
The country's gold and foreign currency reserves went up by $131.8 million (1.6% up) in December after rising by $207.9 million (2.7% up) in November...

Belarus' freight shipments to China by rail growing fast
The Western policy of sanctions has had an effect on freight transit by rail because massive shipments of Russian cargoes to Europe via Belarus stopped. For instance, shipments of Russian coal...