Business news

International economic cooperation forum to open in Minsk on 9 September
Over 100 foreign delegations have already confirmed their plans to participate in the forum. The delegations will come from Uzbekistan, Palestine, Pakistan, Moldova, Azerbaijan, Armenia, Kazakhstan, China, Vietnam, and other countries...

Belarus reports record-high export figures amid Western sanctions
"Export is the most important thing in import substitution. This is why I am pleased to state that Belarus’ export has been growing for four months in a row. The foreign trade surplus was traditionally record-high in the last few months"...

Belarus’ trade balance with China up almost $700m
“In January-July the export increased by 97% and the balance improved by almost $700 million, which is very important for us, taking into account the loss of preferential markets - the European Union and Ukraine,” said Nikolai Snopkov...

Lukashenko meets with Belarus’ first vice premier
"China’s direction is your personal responsibility. The second issue is import substitution. The third issue is the transfer of payments for the products supplied"...

Belarusian National Biotechnology Corporation to make vitamins
Igor Brylo went on saying: "Only thanks to our president our country has started making amino acids for the first time. Its share on the domestic market will be about 15%. It may be slightly larger depending on the development of our manufacturing enterprise. The rest will be an export-oriented model"...

Belarus’ ambassador to Brazil: Sanctions are a venom, but Belarus is immune to it
Belarus’ embassy in Brazil has held a showcase event for the country’s exports. The event was designed to explore new forms of cooperation in the face of sanctions...

Bill ready to spur investment activity in Belarus
The document is designed to provide support for every investment project starting with small ones and ending with massive ones. The projects have to meet the government-defined priorities and have to produce a positive effect for the economy of the region or the country as a whole...

China-Belarus industrial park Great Stone company demonstrates UAVs in flight
SZAO Aviation Technologies and Systems has been a resident of the China-Belarus industrial park Great Stone and makes unmanned aerial vehicles (UAVs) as well as modern superlight piloted aircraft. All the products are made using proprietary designs...

Belarus, Uzbekistan discuss mutual supplies, removal of trade barriers
Uzbekistan expressed interest in the purchase of fat and oil products, sugar, confectionary products and brewing malt. The parties also discussed Belarus’ imports of dried fruits, nuts and wine materials...

Belarusian MTZ about to make gas-powered tractors
Meanwhile, MTZ is working on the unmanned tractor MTZ A3523i with electromechanical stepless transmission. The tractor can be controlled by a remote operator...

Prospects for Belarus’ exports of goods, services to Turkey outlined
According to the National Statistical Committee, in 2021 the trade between Belarus and Turkey amounted to $1,083.2 billion (an increase of 46.4%). Belarusian exports came at $360.5 million (an increase of 170.4%)...

Lukashenko emphasizes importance of storing high-quality fodder
Belarusian Agriculture and Food Minister Igor Brylo reported to the head of state that less than 3% of the area was left to harvest in the country. The harvest of grains and leguminous plants has already reached 10.7 million tonnes...

Belarus, Brazil discuss cooperation in agriculture
The parties discussed the current state and prospects of Belarusian-Brazilian cooperation on a wide range of issues and confirmed their mutual interest in updating the bilateral agenda and supplementing it with qualitatively new content...

Lukashenko begins open lesson with important economic topics
"We are engaged in rocket engineering, making new products that will be launched into space. Two Belarusian spacecraft are already flying over our planet. We are creating a biological cluster in Vitebsk Oblast. It will produce not only antiviral drugs, but also the most modern drugs"...

Lukashenko presents new domestic computer
"To be honest, today it is about 12% Belarusian. By the end of the year it will be 30%. But still the fact itself is important"...

Belarusian MTZ eager to sell some 16,000 tractors to Russia in 2022
"We would like to have a Russian market share of about 70%. It is over 60% at present. We would like to be represented not only in agriculture but also in utilities industry, forestry industry"...

Belarus to reduce export duties on oil, oil products on 1 September
In line with the resolution the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils will be $52 per tonne ($53 previously)...

Opinion: Belarus can replace $4-8bn worth of imported products annually
"We are talking about industry and construction, medicine, agriculture, transportation and other areas of activity"...

Some 300 companies from Central Asia, Far East operate on BUCE import substitution platform
According to the chairman, one request may get up to 100 responses. There are also bids that have about 600 proposals from various CIS countries...

Belarus’ harvest reaches 8m tonnes of grain
As of early 31 August, grain and leguminous crops (excluding maize) were harvested from 96.3% of the planned area (2.094 million hectares)...