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Business news

5 Mar 2021
Belarus plans to launch new mechanisms to improve investment climate Belarus plans to launch new mechanisms to improve investment climate
The first deputy minister noted that other changes also relate to reducing the financial burden during the implementation of an investment project, including in terms of income and property taxes...
5 Mar 2021
Vitebsk Carpets nearly doubles net profit in 2020 Vitebsk Carpets nearly doubles net profit in 2020
All in all, in 2020 the company produced about 20 million square meters of carpets, down by 8.7% over a year earlier. The company exports the bulk of its output, therefore it was hit hard by restrictive measures related to the COVID-19 infection...
5 Mar 2021
Call to protect Belarusian bike manufacturer in domestic market Call to protect Belarusian bike manufacturer in domestic market
Aleksandr Lukashenko noted that the domestic manufacturer holds about a third of the bike market in Belarus. In the coming years, this share should be increased to 50-60% and then more in the future...
5 Mar 2021
BUCE sells Belarus lumber worth $2.6m to China BUCE sells Belarus lumber worth $2.6m to China
In monetary terms, this is the largest batch of lumber sold through BUCE. The products will be delivered to customers in China...
5 Mar 2021
Belarus-Uzbekistan business council meet in Tashkent Belarus-Uzbekistan business council meet in Tashkent
The participants of the meeting discussed promising avenues of cooperation in trade and economy, and ways to make the most of business contacts of the two states. The participants from Belarus learned about Uzbekistan's projects in agriculture and food and the work of the Association of Electrical Engineering Enterprises of Uzbekistan...
4 Mar 2021
Belarus intends to increase supplies to Pakistan's Punjab Province Belarus intends to increase supplies to Pakistan's Punjab Province
The head of the Belarusian diplomatic mission also held a series of meetings aimed at strengthening economic cooperation with the Pakistani province. He held talks with senior officials of the Lahore city administration and the city chamber of commerce, local companies, associations of industrialists, dairy processors, and Chughtai Labs, one of Pakistan's leading medical centers...
4 Mar 2021
Belarusian MMZ eager to sign over $4m worth of contracts in Uzbekistan Belarusian MMZ eager to sign over $4m worth of contracts in Uzbekistan
In 2019-2020 MMZ sold over 1,000 engines on the primary market and the aftermarket of Uzbekistan...
4 Mar 2021
Yelizovo branch of Grodno Glassworks begins major modernization project Yelizovo branch of Grodno Glassworks begins major modernization project
"We’ve already started implementing a project to modernize glass container shop No.4. The glass-making furnace will be completely redesigned to improve fuel economy. Respectively we expect it will reduce the prime cost of glass melt, which in turn is supposed to improve financial indicators. The equipment of the packaging section will be changed in order to improve performance"...
4 Mar 2021
Belarusian commodity exchange registers 5,000th foreign company Belarusian commodity exchange registers 5,000th foreign company
According to the director general of Wenzhou Ruijun Steel, the company got accredited at BUCE to expand its geographic reach and to start working with Belarus’ largest consumers of metal...
3 Mar 2021
Number of companies residing in Belarus’ Hi-Tech Park past 1,000 Number of companies residing in Belarus’ Hi-Tech Park past 1,000
The new Hi-Tech Park companies specialize in various areas, including healthcare, financial technologies, digital commerce, gaming, transport, production sector, and agriculture...
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