Business news

Minsk, Beijing discuss pilot cargo transportation project
The parties reached a number of agreements, including on the implementation of a pilot project on cargo transportation along the China-Belarus-China route and the exchange of permits for transportation...

Belarusian MTZ to ship 950 tractor assembly kits to Ganja Automotive Plant
The Belarusian manufacturer of agricultural machines Gomselmash also signed a memorandum of cooperation with Ganja Automotive Plant...

Lukashenko set to meet with Putin to discuss import substitution
In his words, the governments of Belarus and Russia have already been instructed to deal with this issue, and the presidents are going to discuss how these instructions are fulfilled during an upcoming meeting. “We have agreed with Vladimir Vladimirovich [Putin] to sit down and have a look. We have the program. It is the most important program for us and for Russia,” stressed Aleksandr Lukashenko...

Lukashenko: Trade between Belarus, Nizhny Novgorod Oblast is close to $1bn
Speaking about cooperation between Belarus and Nizhny Novgorod Oblast, the Belarusian head of state noted that this region cooperates with 145 countries, and Belarus tops the list. In 2021, the trade reached $700 million, and the upward trend remains in place this year...

Belarus PM visits Caspian Agro, Inter Food expos in Baku
The Belarusian exposition at the international Caspian Agro and Inter Food exhibitions is represented by 39 companies. The total area of the exposition is 245 square meters...

BelAZ machinery supplies to Buryatia might double by 2023
Belarus and Buryatia plan to give a new impetus to cooperation in the manufacturing sector. This matter was discussed at a meeting of the working group on cooperation between Belarus and this region of the Russian Federation. The meeting was attended by government officials and business people from Buryatia as well as top managers of Belarus’ biggest companies, including BelAZ...

Belarus-China logistics matchmaking event due on 24 May
During the online meeting, Ambassador Extraordinary and Plenipotentiary of Belarus to the PRC Yuri Senko is expected to deliver a speech. Presentations of Belarus’ rail and road transport companies will be made...

Vietnam’s Lao Cai seeks to expand cooperation with Belarus’ Brest Oblast
The Vietnamese representative participated in the event thanks to the support of the Belarusian embassy in Hanoi. Trinh Xuan Truong emphasized the existing potential for the development of trade and economic relations between the regions of Belarus and Vietnam. He expressed Lao Cai's readiness to expand business and humanitarian contacts with Belarusian partners...

Belarus invited to take active part in Hanoi, Ho Chi Minh expos
During the meeting the parties discussed the prospects of expanding the participation of Belarusian business entities in international exhibitions and trade fairs held by Vinexad in Hanoi and Ho Chi Minh City, which contribute to the development of bilateral trade between Belarus and Vietnam...

Contracts worth $55m signed after first day of Belarusian delegation’s visit to Azerbaijan
In his words, the main contracts focused on woodworking. OAO Mostovdrev and ZAO Sosna signed contracts on the delivery of plywood ($17.9 million), MDF boards, LMDF boards ($14.4 million), laminate flooring ($7.4 million), and timber ($2.1 million)...

Buryatia interested in all-round cooperation with Belarus
The representative of the Russian delegation added that Buryatia would like to buy agricultural machinery and set up a joint venture for the SKD assembly of tractors and other agricultural machines in the Far East...

PM outlines Belarus' areas of cooperation with Azerbaijan
"Last year, which was difficult for the world economy, we managed to set a good bar: mutual trade reached $885.5 million. There is almost parity in terms of trade, which it is good for the balance of payments for both countries"...

New technologies seen as crucial to economic development in Belarus
Results of the efforts to master new technologies are designed to secure higher living standards for the people...

Delegations from 15 countries participating in Brest 2022 business forum
Some of the delegations have already arrived in Brest - these are diplomats, representatives of China, Russia’s Penza Oblast and Buryatia, business people from other countries. Delegates from Uzbekistan, Vietnam, Indonesia, and China joined the event via video link...

Belarus’ products on display at Kazakhstan International Healthcare Exhibition
The Belarusian pharmaceutical companies have brought their well-known medicines, as well as new products. The Borisov-based pharmaceutical company BZMP presents 37 medicines, Ekzon exhibits a new line of biologically active food supplements Vitamin C with different flavors...

Russia’s Republic of Buryatia interested in buying Belarusian municipal vehicles
Speaking about the key tasks of the business trip to Belarus, Head of Buryatia Aleksei Tsydenov mentioned the establishment of cooperation in existing areas and the exploration of new areas...

Over 28,500 companies from 70 countries accredited at Belarus’ commodity exchange
"Over the past year, the share of the Belarusian Universal Commodity Exchange in the domestic wholesale trade increased by a third to make 8%. The turnover of the exchange trade exceeded $4 billion. About 5,000 names of goods are traded at the exchange; over 400,000 deals are signed every year"...

Belarus, Russia’s Buryatia intend to develop cooperation in industry, agriculture
In 2021, the trade between Belarus and Buryatia made up $8.7 million. Belarus exported 77 commodity items, including mechanical engineering goods and food...

China-Belarus Industrial Park Great Stone welcomes 90th resident company
Despite the global economic uncertainty and the pandemic, in Q1 2022 the industrial park increased revenue from the sale of goods 1.8 times year-on-year (Br123.4 million). The industrial output of the resident companies rose 1.7 times (Br95.4 million)...

Belarus to showcase over 60 innovations at Caspian Agro, Inter Food expos in Baku
"The exposition will be attended by domestic enterprises of the food sector, scientific organizations, concerns and holding companies"...