Business news

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...

Confectionery sales on the rise in Belarus
In 2021 the share of domestic confectionery sales inside the country was 60%. In January-September 2022, the figure rose to 70.8% in flour confectionery, for example...

Contract to supply large batch of MAZ buses to St. Petersburg almost executed
This contract was the second major deal concluded in St. Petersburg in 2022...

Belarus, Russia sign agreement on inland navigation
According to the ministry, the signing of the document is a significant step forward within the Union State and an important link in the development of new logistic schemes of delivery of Belarusian goods...

Great Stone property management company launches electrical testing services
"The laboratory offers its services in testing electrical equipment and cable lines to determine the real condition and operability of the equipment, take timely measures to organize repairs, avoid emergency shutdowns"...

Belarusian BelAZ showcases innovative solutions at business week in Russia’s Ufa
The forum discussed ways of promoting promoting industrial cooperation between enterprises of Bashkortostan and Belarus. The participants of the session from Bashkortostan expressed interest in the purchase of Belarusian machines and vehicles...

Belarus’ export to Russia’s Orenburg Oblast up 65%
The statistics were voiced at the meeting of the Belarusian part of the working group on cooperation between Belarus and Orenburg Oblast on 28 December...

Economic effect of Belarusian remote Earth sensing satellite pointed out
This is why while evaluating the economic effectiveness of the project to create the first Belarusian satellite, it is necessary to take into account not only a direct commercial effect but indirect ones, too...

Belarusian commodity exchange sells first batch of peat briquettes to foreign customers
Three transactions to sell a total of 1,000 tonnes were concluded during the trading session. All in all, six companies from Latvia, Lithuania, Poland and Russia participated in the session...

Belarus to expand cooperation in tourism industry with SCO states in 2023
Speaking about plans of the Belarusian Union of the Tourism Industry for the new year, Filipp Guly noted that now they are focusing on contacts with third countries...