Business news

Belarus-built houses for 120 apartments commissioned in Caracas
The event was attended by Ambassador Extraordinary and Plenipotentiary of Belarus to Venezuela Andrei Molchan. Belarus is building a residential complex in the prestigious Fuerte Tiuna district of Caracas in line with a project that provides for the construction of 3,000 apartments and social infrastructure...

Lukashenko: Belarus and Samara Oblast are able to reach $1bn in trade
“Without going into statistics, I want to say: there are all opportunities to reach $1 billion in mutual trade. We just need to fulfill what we previously agreed on at various levels. Today life itself pushes us to this and shows us the right way, maybe the only possible way. We have to rely on ourselves,” the Belarusian leader said...

Belarus’ BUCE, China’s AEEX to cooperate in e-trading
Cooperation in promotion of Belarusian goods to the Chinese market, informing Chinese companies about the opportunities to find business partners in Belarus through the BUCE platform, exchange of analytical and statistical data reflecting the current situation on the commodity markets of both countries were defined as priority areas of cooperation...

Belarus to start making import substitutes together with Russia soon
“I mean the companies from unfriendly countries that used to supply products to us, to Russia and Belarus… We will be able to make our own products during this year and the next one,” the head of state added...

Belarus plans to redirect 20m tonnes of cargo to St Petersburg ports
"We want to redirect about 20 million tonnes of cargo to your ports. I will ask for your support and assistance. We have agreed on this with the Russian president. You know about it as he had phoned you on the matter. I think that if we do it, St Petersburg will also have a great deal of work here. This means good jobs for our friends from St Petersburg,” said the head of state...

Belarus ready to help address global food security issues
The permanent representative reaffirmed Belarus' readiness to cooperate constructively with the UN, UNCTAD and all interested governments to address pressing global food security issues, including those related to the transit of Ukrainian grain to world markets. This approach was voiced by Belarusian President Aleksandr Lukashenko in his conversation with UN Secretary General Antonio Guterres earlier this month...

New FEZ Minsk resident company to make drilling tools
The newly registered resident is the manufacturing and trade limited liability company Agrostroi. The company intends to implement an investment project in the territory of the free economic zone in order to make drilling and boring tools for the mining industry...

Egypt interested in dairy products, vegetable oil from Belarus
During the videoconference Belarusian producers made a presentation of of dairy products and vegetable oil, in the import of which Egypt is interested in. Meat products with the Halal certificate, sugar beets, oilseeds (flax), corn and others were noted as promising commodity items for export to Egypt...

Belarus, Bosnia and Herzegovina look to intensify economic relations
The parties praised a good basis for developing trade and economic cooperation, and discussed issues of mutual interest...

Côte d'Ivoire interested in buying Belarusian mining equipment
Mamadou Coulibaly said that Côte d'Ivoire would like to purchase Belarus-made mining equipment and to set up maintenance centers for this machinery...

Belarus, Iran intend to cooperate in food safety, development of pesticides
The documents also outline the intentions to cooperate in the field of food safety, the distribution of veterinary drugs, the development of biopesticides, the sale of biological products and the setting up of a biotechnology management center...

EAEU heads of government sign cooperation documents
The EAEU member-states defined the main approaches to the implementation of export regulations for certain types of goods. An instruction was given to develop transport infrastructure in the East-West and North-South directions, including as part of the alignment with China’s Belt and Road initiative...

Lukashenko in favor of further amalgamation of agricultural companies
“We will keep creating large companies,” the head of state said. According to him, amalgamation makes economic sense today...

Belarus, Uzbekistan plan to launch innovative biopharmaceutical company
An agreement was reached to set up a joint venture that will use innovative technologies developed by the National Research Center for Transfusion Medicine and Medical Biotechnology (Belarus). The parties also discussed registration of plasma-derived medicinal products in Belarus and Uzbekistan...

Belarusian MTZ products on display at economic forum in Bulgaria
On the sidelines of the forum, Belarusian diplomats held meetings with the authorities of the Bulgarian cities of Chirpan, Opan, Sadovo and the chairman of the Chamber of Commerce and Industry of Stara Zagora to discuss the development of bilateral interregional and economic cooperation, including between Brest Oblast and its Bulgarian partners...

Premiers of Belarus, Russia, Uzbekistan visit Amkodor
The visit by the heads of government to Amkodor took place in the run-up to the Eurasian Intergovernmental Council meeting that is due to kickstart in Minsk on 20 June. The prime ministers of the EAEU member states will discuss the introduction of product labeling by means of identification in the EAEU, the creation of a commission for cooperation and import substitution in priority and high-tech industries, competition in cross-border market...

Belarus’ PM names promising avenues of cooperation with Uzbekistan
In 2021, the trade between Belarus and Uzbekistan amounted to $301.9 million, up by 7.8% over 2020; the export was estimated at $245.4 million, up by 3.3%...

Belarus accounts for nearly half of mutual food trade in EAEU
The share of the Republic of Belarus in the total volume of mutual trade in food products is about 43%. Around 93% of Belarusian food export goes to the Russian Federation, the remaining 7% is exported to Kazakhstan, Kyrgyzstan and Armenia. The main export items are cheese and cottage cheese, butter,” Artak Kamalyan said...

Number of electric vehicles in Belarus past 10,000
The amount of electricity consumed by the vehicle charging stations is on the rise, too. In 2021 the figure grew by 1.4 times in comparison with 2020 to 10 million kWh...

Belarusian nuclear power plant’s first unit’s economic effect estimated at Br1bn
The first unit of the Belarusian nuclear power plant is now undergoing scheduled preventive repair since nuclear power plants are supposed to undergo scheduled maintenance every year...