Business news

Belarus’ international reserve assets expected at $6 bn in 2023
The National Bank will focus on counteracting systemic threats to financial stability and on building up capacity of banks to provide credit support to the economy as it is undergoing structural transformation and adaptation to a new environment...

Belarus’ foreign trade surplus in 2023 projected at $1.6bn
It is expected that the sanctions will remain in place, the global inflation will be rather high, the global economic growth will slow down. In order to minimize the negative impact of external factors, the state economic policy provides for redirecting exports and building new transport and logistics routes...

Belarus, China to implement 35 sci-tech projects by 2024
Chairman of the State Committee for Science and Technology Sergei Shlychkov told journalists at the fourth meeting of the commission on sci-tech cooperation of the Belarus-China intergovernmental committee on cooperation...

Belarusian Cement Company, Murmansk Sea Fishing Port discuss cement shipment
Belarusian Cement Company is aimed at organizing supplies in new directions, while Murmansk Sea Fishing Port - at replenishing its client and partner base...

Chinese Lutta-Pak considering packaging production in Belarus
Bilateral documents were signed on cooperation with the Agriculture and Food Ministry and OAO Management Company of the Holding Belorusskie Oboi...

BelAZ showcases innovations in Russia’s Kirovsk, Yekaterinburg
The BelAZ Trading House and its official dealers Avtotekhinmash and BelTransLogistik took part in two events dedicated to new technologies in the mining industry...

Belarus’ main monetary management guidelines for 2023 approved
There are plans to keep interest rates in the economy at a positive level in real terms in order to keep deposits attractive and use it as a source to give loans to the economy...

Belarusian PM comments on talks with governor of Russia’s Primorye Territory
Oleg Kozhemyako noted that plans are in place to sign an agreement on the supply of road and utilities vehicles. He also stressed the interest in Belarusian electric buses...

Belarus, Uzbekistan intend to step up trade, investment
Ambassador Extraordinary and Plenipotentiary of Belarus to Uzbekistan Leonid Marinich met with Deputy Minister of Foreign Affairs of the Republic of Uzbekistan Bakhromjon Aloev...

Governor: Belarus-Primorye Territory trade has grown manifold
The deliveries of Belarusian food products to Primorye Territory have significantly increased, the governor informed. According to him, they have grown eight times from 2019 to 2021. And by the end of 2022, this growth will be even bigger...

China-Belarus park Great Stone, Kazakhstan’s logistic operator sign cooperation document
The memorandum provides for cooperation in attracting investments within the framework of the Belt and Road Initiative...

China-Belarus park Great Stone presented at technology expo in China
The Fourth West China (Chengdu) International Supply Chain and Smart Logistics Expo and the Asia-Europe International Transport and Logistics Cooperation Forum were successfully held in Chengdu...

Belarusian MTZ seeks to expand cooperation with Udmurt Republic of Russia
MTZ Director General Vitaly Vovk said during the talks with Governor of the Russian region Aleksandr Brechalov...

St Petersburg to host fair of Belarusian products in February 2023
Deputy Chairwoman of the Minsk City Executive Committee Nadezhda Lazarevich met with St Petersburg Vice Governor Valery Moskalenko...

Belarus to implement mechanical engineering projects in Russia’s Krasnodar Territory
“We have implemented a big project in industrial cooperation. First of all, I am talking about the project for the production of tractor machinery at the Starominskaya site. In January-September 2022 we assembled 220 vehicles. By the end of the year we will reach the agreed volume,” said Roman Golovchenko...

Trade between Belarus, Russia’s Krasnodar Territory over $385m in January-September 2022
"Both Belarusian exports to Krasnodar Territory and our imports from this region are growing," the prime minister said...

BUCE to hold pilot sales of fuel pellets to Turkey
More than 20 Turkish companies expressed their interest in buying Belarusian biofuel. The relevant negotiations were held as part of the BUCE’s participation in MUSIAD EXPO in Istanbul...

Ambassador: Syria shows interest in Belarusian technologies, best practices
“In general, we have mutual intention to work together for the benefit of our countries. We are looking for all possible mechanisms to intensify interaction,” the Belarusian ambassador to Syria stressed...

Assembly of haul trucks by Belarusian BelAZ in Tajikistan under consideration
The main components will be shipped from Belarus by rail taking into account a consequent increase in the localization of component manufacturing at the assembly site...

Belarusian PM: Time for more ambitious projects with Syria
In 2021, the trade between Belarus and Syria amounted to $8.2 million (up by 41.3% year-on-year), exports totaled $7.6 million (up by 47.9%), imports - $0.6 million (up by 6.1%)...