Business news

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...

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...