Business news

Golovchenko lays out Belarus’ initiatives in the CIS
This year, in order to minimize the consequences of the sanctions, the CIS Economic Council approved a list of joint response measures at the initiative of Belarus. “This document is of exceptional importance as it seeks to prevent a slowdown in trade and economic cooperation between the Commonwealth countries"...

Belarusian business delegation visits Kenya to expand economic cooperation
The event was attended by Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to Kenya Pavel Vzyatkin and Chairman of the Kenyan Chamber of Commerce and Industry Mr. Richard Ngatia...

Belarus, Kazakhstan urged to move forward in industrial cooperation
"This year we have good dynamics. The trade turnover has increased, and this growth applies to both sides: both Belarusian exports to Kazakhstan and vice versa are growing. This good dynamics must be maintained and developed"...

Belarus, China hold tourism investment forum
The forum was organized to present Belarus’ tourism potential, attract Chinese investments in Belarus’ cultural and touristic sector, and identify new avenues of cooperation in tourism...

Contracts worth nearly $25m signed as result of Belarus PM’s visit to Russia’s Astrakhan Oblast
A number of documents deal with shipments of mechanical engineering industry products...

Belarus, Russia’s Astrakhan Oblast sign cooperation agreements
Among the signed documents is a memorandum of cooperation between the Administration of the Chinese-Belarusian Industrial Park Great Stone and the Special Economic Zone Lotos of Astrakhan Oblast. An agreement on cooperation has also been concluded between the Belarusian Universal Commodity Exchange and the Astrakhan Fund for Support of Small and Medium Entrepreneurship...

Ways to advance Belarus’ cooperation with Russia’s Astrakhan Oblast discussed
Apart from that, the idea to build a Belarusian quarter, the likes of which we build in Russian regions, was born today...

Belarusian-Vietnamese interregional cooperation discussed in Ho Chi Minh City
“The parties discussed key areas of Belarusian-Vietnamese interregional cooperation with an emphasis trade, economic and humanitarian ties,” the press service informed...

Belarus eager to ship more freight via Russian Astrakhan ports
"Belarus is seriously intent on using the Caspian corridor North-South in the interests of Belarusian exporters"...

Belarus expects record high grain harvest of 11m tonnes in 2022
"As of today, Belarusian farmers have harvested 9.8 million tonnes of grain, including rapeseed. Grain yields increased by more than 5 centners per hectare over last year"...

Belarus’ food export expected to hit new record in 2022
“Belarus is one of the world leaders in per capital milk production. Our self-sufficiency in milk stands at 263%. This suggests that despite the sanctions Belarus keeps selling its goods, our products are recognizable and popular in the world,” said Igor Brylo...

Factors to drive Belarusian economy’s growth in 2023 identified
According to Roman Golovchenko, key targets of the government’s and the central bank’s work for the year 2023 remain unchanged except for the inflation target, which the Economy Ministry has adjusted following the head of state’s conference with the economic block...

Belarus-Russia partnership seen as best response to sanctions
"We have entered a new stage of economic integration using the formula – two states striving for one economy"...

Belarus, Russia advance strategic cooperation in space exploration
Sergei Shlychkov said: “Belarus tightly cooperates with the Russian Federation in the space industry. Seven R&D programs of the Union State of Belarus and Russia have been implemented. Another program is about to begin. We are contemplating the development of a full-fledged joint strategy for space exploration on the scale of the Union State”...

Russia among most active users of BUCE import substitution platform
According to the analytical report prepared by the BUCE specialists, in June-September 2022, Russian companies concluded 165 transactions for the sale and purchase of import-substituting products for a total of Br8.5 million...

Belarus, Ethiopia discuss trade, economic cooperation
A business forum has been launched in Addis Ababa. The forum is attended by Belarusian companies representing various sectors of the economy and educational institutions...

Belarus’ central bank optimistic about inflation prospects
According to him, the situation in the economy necessitated rising the interest rates on deposits in order to "encourage people to keep their savings deposits". And this strategy has worked...

Belarus’ gold, forex reserves changing due to growing transactions in Russian rubles, yuans
"Our gold and foreign exchange reserves hover at $7.5 billion. We’ve repaid the external state debt by spending $900 million from the gold and foreign exchange reserves just like we planned. We don’t expect the gold and foreign exchange reserves to drop below $7 billion till the end of the year"...

PM: Belarus looks to sign a loan agreement with EDB this year
According to him, the matter pertains a craft paper production project at Svetlogorsk Pulp and Paper Mill and also projects to make a certain range of medical products, medicines in Belarus, some industrial projects...

EAEU lauded for great strides in leveling playing field for economic agents
In his words, the most important issue is the formation of common energy markets on fair terms...