Business news

Belarus, Russia to develop their own manufacturing competences
Belarus and Russia are intent on developing their own competences and will manage regardless of the refusal of a number of foreign companies to cooperate. Belarus President Aleksandr Lukashenko made the statement as he made a number of personnel decisions...

Eurasian Development Bank to invest $1.5bn in Belarusian economy till 2026
The total amount of the EDB investment in the shareholder countries in 2022 was about $2.5 billion, Nikolai Podguzov said...

Belarusian light industry concern Bellegprom increases export to Asia
"We have grown the export to the markets of Kazakhstan, Azerbaijan, Armenia. This year we have penetrated a new market, which is the market of Tajikistan"...

Hi-Tech Park’s share in Belarus’ export of services close to 30% in January-September
The Hi-Tech Park press service added that companies residing in the park paid Br595.1 million in taxes in January-September 2022...

Lukashenko comments on Russian gas price for Belarus
“The main thing is a level playing field. Let gas be at $1,600, like in Europe, God forbid it, of course. But the price should be the same in Russia and in Belarus. This is important for us. Well, we will reach an agreement [on gas prices] anyway,” the Belarusian leader stressed...

Beijing hosts Days of Belarusian Products and Tourism
Representatives of Chinese business praised the high quality of Belarusian products, as well as the effective format of the event, which let directly assess the taste and packaging of products from Belarus...

Priyanshu Jha: India seeks to promote Belarusian products on its market
“There are good relations between Belarus and India. We do not have any sanctions. My goal here is to promote Belarusian products in the Indian market so that there are more Belarusian goods in India, in different sectors and industries,” he said...

Belarus-EAEU trade in industrial goods up by almost 40% in January-October 2022
Belarusian companies had a trade surplus of almost $2.5 billion, up by 80% year-on-year...

Belarusian Finance Ministry floats government bonds worth RUB5bn
Legal entities, both residents and non-residents of Belarus, put in six orders amounting to RUB5 billion...

Eurasian Development Bank optimistic about cooperation prospects with Belarus
The EDB’s country strategy for Belarus is to significantly increase project financing and to replace investment of international institutions that are suspending their operations in the country...

Belarusian Chamber of Commerce and Industry opens office in Yekaterinburg
"The office will promote Belarusian goods in Sverdlovsk Oblast. If the decision to open such an office proves to be right, such an initiative will be expanded into the neighboring Russian regions in the future"...

Prospects for Belarus-Kyrgyzstan cooperation outlined
The diplomat noted that Kyrgyzstan is a traditional partner of Belarus in the Central Asian region. Last year, trade between the countries reached almost $100 million, with Belarusian export accounting for 88% of it. In 2022, it is expected to grow by one and a half times...

Belarus’ Economy Ministry names main drivers of export growth in 2023
"The $2.6 billion increase is to be achieved through deliveries to Russia, the markets of Asia and Africa, expansion of cooperation with China"...

Inflation in Belarus slowing down
According to Yuri Chebotar, it has been possible to maintain macroeconomic and financial stability despite a number of unfavorable factors...

Belarus-Russia trade expected to hit $50bn in 2022
Belarusian Ambassador to Russia Dmitry Krutoi said at the media forum “Belarus - Russia: Equal Union, Common History, Shared Future” timed to the 23rd anniversary of the Union State Treaty...

Belarus-Karelia trade up 13% in January-September 2022
Dmitry Rodionov praised interaction between Karelia and Belarus. “The trade has been growing over the past several years. We can already assess the results of the nine months of 2022“...

Belarus’ trading house to open in Moscow Oblast
"The second retail store is scheduled to open in April 2023. An online store belrumarket.org will be launched in early 2023 and will offer delivery throughout Russia"...

Business matchmaking session gathers over 100 businessmen from Belarus, Irkutsk Oblast
“There are issues we need to solve both on the regional and governmental level in order to give a start to business. We have a working plan. About 90% of the main, significant positions are being implemented,” the head of the Belarusian delegation said...

Consulate General to promote Belarus’ trade with southern regions of Vietnam
During the visit to Ho Chi Minh City, Nadzeya Lazarevich, the head of the delegation from Minsk, held meetings with the heads of a number of Vietnamese companies...

Belarus taking part in Food Africa 2022 Cairo expo
Belarus is participating in the exhibition for the fourth time. Fourteen Belarusian companies is presenting a wide range of dairy, meat, starch products, and baked goods...