Business news

Diversification of Belarusian freight shipments via sea ports explained
According to Aleksei Avramenko, in 2022 Belarus and Russia signed two basic agreements on transshipping oil products and foreign trade cargoes. Those are primarily potash fertilizers, nitrogen fertilizers, metallurgy products, and woodworking goods...

Belarus to bypass USA, EU traders to directly sell fertilizers to Africa, Latin America
Belarusian potash fertilizers remain in demand on the world market despite the pressure of Western sanctions. Because the food security of the countries that buy Belarusian fertilizers depends on it...

What future awaits Belarusian IT industry? Lukashenko’s latest statements about Hi-Tech Park
The Belarusian Hi-Tech Park has become the leading IT cluster in the region. Export of computer services per capita amounted to $320 in 2021...

Lukashenko wants construction of Belarusian ports in Russia expedited
According to the president, Belarus now has a good chance of building its own port infrastructure...

Belarus’ Development Bank finances 1,250 SME projects worth over Br357m in 2022
In 2022 the most popular products included loans granted for import substitution and export promotion purposes...

Belarus to open online shops on seven Chinese marketplaces
Belarus’ national pavilion is an online shopping project meant to promote Belarusian goods among Chinese consumers...

Number of companies in Belarusian FEZs 10% up in 2022
As many as 53 new resident companies were registered with free economic zones, the China-Belarus industrial park Great Stone, and the special economic zone Bremino-Orsha in 2022...

Belarusian MTZ’s vehicle output 6% up in 2022
Meanwhile, enterprises run by the holding company MTZ increased vehicle production by about 1,500 units. About 2,500 tractors were sold on the domestic market...

Innovative fire trucks of Belarusian make shipped to firefighters
They were made using innovative composite materials, which resist corrosion and meet the highest requirements of the firefighting and rescue service...

Belarus, China discuss opening new online shops to sell Belarusian goods
Yuri Senko and Li Zhonghan discussed cooperation results achieved in 2022, including the promotion of the project concerning Belarus’ national pavilions on China’s digital platforms, as well as plans for cooperation in 2023...

Belarus reduces export duties on oil, oil products
In line with the resolution the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils is now $16.7 per tonne ($43.3 per tonne previously)...

New FEZ Vitebsk resident company to make fuel-powered tools in Polotsk
The company intends to start import-substituting production of gasoline-powered chainsaws, grass trimmers, bush cutters, hedge trimmers for forestry enterprises at a site in Polotsk...

Belarus’ export of civil engineering services at $440m in 2022
Ruslan Parkhamovich explained that the volume of construction and installation work in Belarus dropped due to a decrease in investments...

PM: Belarus’ economy will retain social focus in 2023
"We have adopted plans for the year. They have been approved. We need to ensure decent growth. The key issue is investment. We need to invest more than 20% in the country's economy. All this should give impetus, including to new jobs, especially in the regions"...

China-Belarus Industrial Park Great Stone closes year on a positive note
The China-Belarus Industrial Park Great Stone closed the year by signing a lease agreement with its resident company IPD Group on 30 December. The leased area is 5,500 sq.m. This transaction is one of the largest this year in the industrial real estate market of the country...

Ambassador: Sudan is interested in Belarus’ experience of agricultural development
The ambassador noted that agriculture and manufacturing industry are well-developed in Belarus. "Therefore, we should learn from the experience of Belarusian partners in this area. We have the opportunity for many joint projects. Sudan is a large agrarian country that needs new technologies," he stressed...

Belarus, Pakistan discuss cooperation in metal industry
During the event the Belarusian enterprises presented their products and took part in B2B meetings with representatives of the Pakistan Association of Large Steel Producers (PALSP)...

Ecotourism development in Belarus reviewed in Minsk
"The participants of the event summed up the main results of the project in the current year. They also approved the annual work plan of the project for the next year, the lists of equipment and materials purchased and transferred under the project in 2022 to the pilot reserves Ozery, Osveysky and Naliboksky and reviewed the technical needs of the pilot reserves for the development of ecotourism in 2023"...

Belarus-China park Great Stone registers 100th resident company
Great Stone registered new residents on 28 and 29 December...

Minsk to host Food Prom Confectionery symposium on 24-25 May
The symposium will discuss the most topical issues of industrial development of the confectionery market in Belarus, Russia and EAEU countries, global trends, best practices of leading companies, changes of consumer preferences in pandemic conditions, standardization and technical regulation issues, and many more...