Business news

Belarusian FEZs report record-high volume of declared investments in new projects
In H1 2022 15 new enterprises joined the ranks of the companies residing in free economic zones. The volume of their declared investments stands at $141 million. The new resident companies intend to create 760 jobs...

Belarus-Syria cooperation in politics, economy discussed in Minsk
Belarusian First Deputy Minister of Foreign Affairs Sergei Aleinik met with Ambassador Extraordinary and Plenipotentiary of the Syrian Arab Republic to the Republic of Belarus Mohammad Aloumrani in Minsk on 12 August...

St. Petersburg plans to increase purchases of Belarusian equipment, elevators
Particular attention was paid to new import-substituting projects to set up joint ventures to sell machinery and equipment in St. Petersburg and to provide maintenance services, as well as educational projects and cooperation in science and technology...

Foreign investments in Belarus economy at $4.3bn in H1 2022
According to the National Statistics Committee, the main investors in Belarusian companies were commercial entities of the Russian Federation (45.3% of the total incoming investments), Cyprus (20%), Netherlands (6.4%), and Ukraine (5.2%)...

PM promises tit-for-tat response to seizure of Belarusian property abroad
“We are working out our countermeasures. Everything will be done in a civilized manner. All the property of both legal entities and individuals of unfriendly states in the Republic of Belarus has been identified and counted,” Roman Golovchenko said...

Belarus decides in favor of creating port facilities in Russia’s northwest
Belarus now cooperates with nine Russian ports on different seas. Special rates are in effect and they benefit both sides...

BUCE electronic import substitution platform features 50,000 commodity items
"In May, the BUCE launched an electronic platform for import substitution. In light of the sanctions pressure on businesses, logistical links have been destroyed"...

PM reveals secrets of Belarusian economic model
Despite the sanctions and the related challenges, the Belarusian economy has achieved an unprecedented balance as far as quality indicators are concerned...

New Great Stone resident to produce innovative chemical products
"The company plans to implement an investment project in fine chemistry. A research laboratory will be organized before the start of production"...

Belarus, UAE discuss partnership business prospects
The parties are working on holding an online seminar for Belarusian businesses on opportunities to enter third markets using the Dubai hub and organizing a sectoral video conference for UAE business on the prospects of doing business with Belarus...

Over 3.8m tonnes of grain threshed in Belarus
“According to the latest information, Belarus has threshed 3,836,600 tonnes of grain, with the average yield at 37.7 centners per hectare. Last year the average yield at this stage of harvesting was lower, 32 centners per hectare,” the ministry informed...

Sanctions seen as blessing for Belarusian agriculture
The agriculture and food minister reported that this year the agricultural industry is facing an ambitious task: to reach $7.8 billion in exports, which will be $1.1 billion more over 2021...

PM: Belarus’ economy remains extremely balanced despite sanctions
According to the prime minister, in order to make up for the income lost to the sanctions, a set of measures has been taken to boost production and export in other industries. An increase in production of certain goods will push gross output up and generate additional revenue...

Lukashenko expects Belarusian economy to fare well in 2022
Aleksandr Lukashenko believes that the government and ministries are still not working at their full capacity...

Myanmar’s delegation to visit Belarus in 2022
The matter was discussed at the meeting between BelCCI Chairman Mikhail Myatlikov and Ambassador Extraordinary and Plenipotentiary of Myanmar to Russia Lwin Oo...

Belarus, UAE intend to develop cooperation
NAIP Director Dmitry Krasovsky briefed the ambassador on the main activities of the agency and the business potential of various sectors of the Belarusian economy. He also spoke about the methods of assisting foreign business with investment projects in Belarus...

EDB project portfolio in Belarus exceeds $2bn
"These are projects in industry and foodstuffs. We are currently looking at financing a project to expand the manufacturing capacity of the pulp and paperboard mill in Svetlogorsk"...

Lukashenko wants district development strategies to rely on small projects
The head of state noted that it does not make economic sense to set up large manufacturing facilities in small towns, as it was, for example, in Miory. Such facilities employ a large workforce thus creating personnel shortages in agriculture...

Belarus, Vietnam mulling over cooperation in automotive manufacturing
Ambassador Extraordinary and Plenipotentiary of Belarus to Vietnam Vladimir Borovikov held a meeting with Vice President of the Vietnamese company VinFast Trading and Production Tran Le Phuong on 4 August...

Gomel Oblast, Cuba discuss cooperation prospects
Another promising avenue of cooperation is the supply of dairy products. Dairy companies from Gomel Oblast ship their products to many countries worldwide and are ready to consider entering the Cuban market...