Business news

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...

Call to develop manufacturing base, housing in Belarusian regions
It is also necessary to develop the manufacturing base and build housing, the head of state said. This task is not only for Bobruisk. The main objective is to create favorable working and living conditions across the country. More so that today the topic of import substitution is relevant like never before...

Belarus’ business capacities presented to Venezuelan businessmen
The meeting focused on the ways of interaction between the two organizations and discussed the measures to promote foreign trade. Special attention was paid to the organization of the Belarusian-Venezuelan business forum, which is set to take place in Minsk in late 2022...

Lukashenko urges focus on forward-looking industries, including bio-technology
“We need to make use of it. We also need to study the world’s best practices in medicine, healthcare, biology, and so on. We cannot do without biotechnologies today. You see that we have already started working in this direction,” the Belarusian leader said...

Snopkov: Belarus, Russia need joint strategies to fight back against sanctions
Belarusian First Deputy Prime Minister Nikolai Snopkov said at a panel session on the Union State development during St. Petersburg International Economic Forum on 16 June...

Egyptian Mercantile Exchange to study BUCE best practices
In addition to the technological component, the Egyptian Commodities Exchange was interested in the way to organize and conduct trading session on the exchange platform, the composition of participants, pricing, the principles of compiling electronic catalogs of goods and tools to monitor the execution of transactions...

Ambassador: Sanctions are not serious barrier to Belarus-India relations
"The sanctions were imposed some time ago. I can note that they do not represent any serious barriers to the development of our relations," the head of the diplomatic mission emphasized...

BelAZ signs big contracts to supply machinery to Russia
“We have showcased our new product for the first time, the BelAZ-7558N gas mining dump truck. At the end of the exhibition it was sent to the consumer – Invest-Uglesbyt - where it will undergo operational trials. There are currently no analogues of such a dump truck in the world. BelAZ-7558N runs on pure natural gas and is equipped with a huge tank of 1,400 liters"...

Bashkortostan seeks to export more agricultural products to Belarus
According to Deputy Director of the Bashkortostan Export Promotion Center Rita Akchurina, the export of agricultural products from Bashkortostan almost doubled over the past year. The biggest contributors to the export growth were small businesses that took advantage of the favorable situation in foreign markets...

Belarus, Turkey discuss business cooperation
The parties discussed ways of intensifying cooperation between Belarus and Turkey through business. The importance of maintaining a direct dialogue between producers of the two countries was emphasized. The National Center for Marketing reaffirmed the commitment to acting as a platform for business events and discussing issues faced by companies in their economic activities...

Belarus taking part in Brazil Investment Forum 2022
The forum traditionally continues the tradition of presenting investment opportunities and current business trends. The forum features leading sectors such as agribusiness, infrastructure, energy, and information technology...

Belarus to attend Iran Agrofood expo
Belarusian manufacturers will display a variety of products. For example, the lineup of the Belarusian confectionery Vitba will include more than 100 items, including cereals, waffles and cookies. The National Academy of Sciences of Belarus will demonstrate innovative developments in several areas...

Minister: Strong growth in order intake for Belarusian microelectronics from Russia
Domestic producers operate at 100% capacity and show very good indicators. For example, this year Integral is set to export $115 million worth of products, which is up by 30% year-on-year...

Lukashenko urges closer cooperation with Russia in microelectronics
"We cannot stay confined to national borders. This will not yield the desired effect," the Belarusian leader stressed speaking about the microelectronics development prospects...

Western sanctions drive Belarus, Russia closer to each other, prime minister says
Roman Golovchenko said: “Belarus and Russia are the most important trade and economic partners for each other. Now we are moving towards a new level of Union State integration. It is happening thanks to a constructive and trustful dialogue at the top level"...

Innovations. Investments. Prospects forum to take place at FEZ Vitebsk
Taking into account the experience of 2021, the events will be held in a combined offline and online format, with preference given to the organization of face-to-face communication between the participants as the most effective form of interaction...

Ambassador: Belarus, Kazakhstan remain strategic partners despite foreign pressure
“We have a strong foothold in Kazakhstan. We are talking about well-known Belarusian brands - MTZ, MAZ, Bobruiskagromash and others. We do not just trade, but develop production cooperation with our Kazakhstan partners. For example, tractor production in Kazakhstan increased from 1.5 to 2.9 times in 2021 - we have three production sites there,” the ambassador said...

Minister: Belarus ensures its food security, becomes large agricultural exporter
According to him, Belarus does not export grain, it is used for other purposes. “We have to provide the domestic market with bread, flour, pasta and a number of other commodity items. Belarus also develops livestock breeding, and it needs to be provided with fodder for the final product with more added value,” the agriculture and food minister explained...