Business news

Krutoi: Belarus, Russia set to develop common economic space by 1 January 2024
"The tasks are quite conventional. The main thing that the president highlighted is the economy and economic development. Politically, we have already moved from a strategic partnership to a full-fledged alliance. What we need to do is to fill the political cooperation with concrete economic content, primarily trade"...

Belarus develops import substitution in partnership with Russia, other EAEU states
Belarus and Russia are working together on import substitution projects. “The two countries actively work in this area, hold constant negotiations. In principle, the pool of such projects has been defined - there are slightly over 10 of them. We have already worked out projects to the total amount of $1.3 billion"...

PM: Belarus seeks to expand trade and economic contacts with Iran
In 2021 Belarus-Iran trade was estimated at $33.3 million, up by 34.7% over 2020...

Belarus, India intend to intensify economic cooperation
Belarusian Minister of Foreign Affairs Vladimir Makei met with Ambassador Extraordinary and Plenipotentiary of India to Belarus Alok Ranjan Jha in Minsk on 29 July...

Ambassador comments on prospects for cooperation between Belarus, Vietnam
Cooperation in dairy industry hold great promise. In 2020, Belarus certified its dairy products on the Vietnamese market and stepped up deliveries...

Iran plans to buy big batch of BelAZ haulers
BelAZ top managers and representatives of Iranian businessmen discussed a number of issues of mutually beneficial partnership...

Belarus to take part in Rebuild Syria expo
"The exposition will feature export-oriented Belarusian companies"...

PM: Belarus is ready to increase supplies to Russia’s Perm Territory
In January-May 2022 the trade between Belarus and Perm Territory amounted to $101.3 million. Exports increased by 16.6% to $41.4 million...

Ambassador hails prospects for cooperation between Belarus, Kenya in agriculture
At the invitation of the Kenya National Chamber of Commerce and Industry, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Republic of Kenya Pavel Vzyatkin took part in the exporters roundtable forum...

Belarus Expo kicks off in Russia's Chechnya
During the exhibition, the parties signed a roadmap on cooperation in industry, transport and housing and utilities sector...

Cuba seen as gateway to Latin America for Belarusian producers
"For us, Belarus is the gateway to the Eurasian Economic Union. We take a strategical approach to the relations with Belarus that is a fraternal country for us"...

Belarus, Russia urged to focus on industrial cooperation
Speaking about the prospects for industrial cooperation, Dmitry Makhonin mentioned the construction sector. He said that Perm Territory is busy implementing projects to renovate housing stock and upgrade the housing and utilities sector...

Belarus, Cuba to cooperate in biotechnology field
The document will help promote academic contacts in areas that are of mutual interest to the pharmaceutical and biotechnology industries of the two countries. It will also help launch new products and technology platforms in the field of biotechnology...

Belarus’ woodworking companies exploring new markets
Belarusian manufacturers are asserting themselves and starting to establish a foothold in completely new markets. In fact, this year they have begun to penetrate such markets as Algeria, Tunisia, Kuwait, Mexico, Peru, and Ecuador...

Ambassador: Grodno Oblast has great potential for cooperation with Pakistan
According to Vladimir Karanik, the development of cooperation with Pakistan fits into the Belarusian strategy of export diversification and the development of cooperation with far-away countries...

Belarusian biotechnology firm to reach full capacity for fodder, amino acids in September
Since 1 July, BNBC started to ramp up the production of mixed fodder and amino acids. Being an export-oriented company, BNBC actively cooperates with foreign buyers, in particular the Russian Federation...

PM: Belarus will increase exports to distant markets
“In January-May Belarus’ export to distant market remained insignificant. Today we must scrutinize the current situation, take stock of the work of the Ministry of Foreign Affairs, industries and diplomatic missions,” Roman Golovchenko emphasized...

Belarus set to increase exports to Africa
“We expect that the losses that we incur in the markets of unfriendly countries will be compensated at the expense of the African continent,” the minister concluded...

Belarus looks to reach $7.8bn in food exports in 2022
According to him, now there are quite good price conditions in the markets for Belarusian products...

Chinese companies show interest in peat supplies from Belarus
Belarus is the world’s fourth biggest peat producer and the top maker of peat briquettes...