Business news

Belarus plans to export ready-to-eat meat products to China
"China is a strategically important trading partner for the Belarusian processing industry. We have been working hard to tap into this market. In 2022, Belarusian food exports to China posted a good growth," said Ksenia Meleshko.

Pantus: Belarus is working on batch production of drones
According to him, together with the Defense Ministry and the Armed Forces we chose certain types of UAVs to be produced in Belarus and supplied to law enforcement agencies...

Belarus, India agree to step up business contacts
The parties focused on issues related to promising areas of cooperation and filling the bilateral memorandum with joint activities to intensify business contacts...

Belarus might set up pharmaceutical company with China
Dmitry Pinevich is visiting an enterprise run by China’s pharmaceutical company Sinopharm. The parties are exploring the possibilities for the supply, joint production and localization of various medicines, as well as the purchase of equipment for healthcare facilities and laboratories...

Belarusian steel mill BMZ mulls over investment projects with industrial companies
According to Aleksandr Borikov, more than 2 million tonnes of steel was smelted in 2022. BMZ. The year also made it possible to establish relationships with new partners, open new markets and launch new products...

Belarus, Sri Lanka discuss ways to promote business contacts
Representatives of the National Center for Marketing held an introductory meeting with the Ceylon Chamber of Commerce (Sri Lanka). The parties agreed on steps to raise awareness of companies of Belarus and Sri Lanka of cooperation opportunities...

Belarus plans to export $8.5bn worth of agricultural products in 2023
"Export of food products and agricultural raw materials increased by 24.2% to $8.3 billion in 2022, up $1.6 billion"...

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...