Business news

Belarus-Russia joint electricity market to start working on 1 January 2024
One authorized Belarusian commercial entity and a similar Russian one will be able to sell and buy electricity during the first stage...

Pensions to increase by 5% in Belarus on 1 December
This decision of the head of state was announced at the meeting to discuss plans to streamline the work of the Social Security Fund and measures to strengthen support for pensioners and disabled children...

China-Belarus Industrial Park Great Stone makes business presentation in Dubai
“The participants showed the greatest interest in the available production facilities and premises that allow launching projects without delay and the possibility of acquiring land plots into private ownership"...

Belarus-UAE business cooperation forum held in Dubai
The forum brought together representatives of over 20 Belarusian companies and about 60 Emirati businesses, representatives of the Ministry of Economy of the UAE and Dubai Exports...

Number of companies in China-Belarus industrial park Great Stone to exceed 170 by 2025
“We expect to go beyond 100 residents by the end of the year. The declared volume of investments is $1.3 billion now. The sum includes investment projects and the development of the park’s infrastructure,” he remarked...

Belarus to offer peat, quartz to China
"Our enterprises are very actively exploring the Chinese market. We have all the opportunities for filling the appropriate market niches with Belarusian products and demonstrating their quality to Chinese customers"...

Belarus, Russia sign agreement on uniform rules of competition
"The agreement will create uniform rules of the game in the markets of the Union State. The antimonopoly authorities will jointly respond to anti-competitive practices and apply common approaches to their elimination"...

Belarusian commodity exchange to cooperate with major electronic trading platform from Russia
BUCE and TEK-Torg, one of the largest federal electronic trading platforms in Russia, have agreed to cooperate in public and commercial procurement. A TEK-Torg delegation visited the BUCE central office to study the role of the exchange platform in import substitution...

Belarusian-Sudanese relations discussed in Minsk
Ambassador Mohammed Omer Musa Al informed Andrei Khudyk about the current state of affairs in Sudan and expressed interest in studying the Belarusian experience. The parties agreed to make efforts to engage business of both countries in order to deepen trade and economic relations...

Belarus, Syria discuss supplies of Belarusian equipment
The supply of Belarus-made equipment was discussed at the meeting of Ambassador Extraordinary and Plenipotentiary of Belarus to Syria Yuri Sluka with Syria’s Public Works and Housing Minister Suhail Mohammad Abdullatif and Minister of Petroleum and Mineral Resources Bassam Touma...

Production of Belarusian COVID-19 vaccine to begin in Vitebsk District by late November
BelVitunipharm’s pilot manufacturing shop is already fitted with all the necessary equipment and stands ready to make the first pilot batch...

Belarusian products on display at major food expo in Korea
The expo became the first international event in the Republic of Korea where the Agency of International Business Development presented Belarusian enterprises...

Geography of Belarusian leather export via commodity exchange expanded to China
A Chinese trading company made a pilot transaction to purchase "wet-blue" leather at the Belarusian Universal Commodity Exchange (BUCE). The trial transaction was 5,200 square meters...

Belarus’ accomplishments in cooperation with China identified
In 2021 Belarus-China trade reached a record high of $5.1 billion. Over 160 Belarusian enterprises are accredited and are intent on working on the Chinese market...

Over 120 Belarusian R&D products on display at China International Import Expo
The country’s pavilion “High-tech equipment and information technologies” presented 126 R&D products of Belarusian scientists from 32 organizations of the National Academy of Sciences of Belarus and institutions of the Education Ministry...

Belarus’ food exports to China up more than 50% since 2021
A wide range of products is shipped to China. Among them is beef, poultry, consumer packaged milk, dried milk products, rapeseed oil, confectionery products and others...

Lukashenko to discuss China’s participation in BNBC project with Xi Jinping
The BNBC project is ongoing. The third and fourth stages are still ahead. The corporation has plans to launch production of medicines and medical preparations. “A huge cluster, a big association should emerge here,” the president noted...

Belarusian National Biotechnology Corporation expected to branch out into vitamins
Belarusian President Aleksandr Lukashenko said at a ceremony to launch the production of mixed fodder and amino acids at BNBC in Pukhovichi District...

Belarus’ food export expected at $8bn in 2022
"Remember, I have often said that sanctions and crises are a difficult time for the economy, but they also create opportunity. You have just harnessed the opportunity at a time of crisis," the president emphasized...

Belarus, Hungary reaffirm interest in maintaining business contracts
A number of B2B negotiations were held during the visit. The Belarusian delegation also toured the Belarus Tractor enterprise which has many years of experience in supplying Belarusian tractors to Hungary...