Business news

Belarus’ gold, forex reserves up by 1.2% to $8.5bn in January
Belarus’ gold and foreign exchange reserves were bolstered thanks to the budget revenues, including export duties and the purchase of foreign currency by the central bank via the Belarusian Currency Stock Exchange...

Belarus, Sri Lanka discuss implementation of arrangements in politics, economy
The sides continued the dialogue about the up-to-date agenda of the bilateral relations. In particular, progress in implementing previously made arrangements in the spheres of politics, economy, education, and healthcare was discussed...

Belarus, Japan discuss prospects for corporate cooperation
Ambassador Extraordinary and Plenipotentiary of Belarus to Japan Ruslan Esin met with President of Career Consulting Co.,Ltd. Isao Murodate...

MP: Belarus, Dominican Republic have potential to step up bilateral cooperation
"Our countries are interested in trade and economic cooperation. Last year, the bilateral trade somewhat increased, yet $7.5 million is very little. We can do so much better"...

Belarus, Chad interested in joint projects in various sectors of economy
The parties looked into the main areas of cooperation between the business circles of the two countries, the prospects for implementing joint projects in agriculture, engineering and education, the possibility of organizing bilateral events, including a presentation of Chad’s trade and economic potential for Belarusian business...

Chambers of commerce of Grodno Oblast, Bryansk Oblast discuss cooperation plans
The parties took stock of joint work in 2021 and outlined avenues for cooperation in 2022. The heads of the chambers agreed to arrange online negotiations in the b2b format with representatives of agro-industrial complex, logistics and tourism of the two regions...

Belarus, Egypt discuss further investment cooperation
Ambassador of Belarus to Egypt Sergei Terentiev met with Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones (GAFI)...

Belarus-Egypt medical center opens in Cairo suburbs
The center has hired Belarusian and Egyptian personnel. The medical facility is fitted with the latest in equipment for diagnostics and treatment...

Belarus’ foreign trade surplus hit record high of $4bn in 2021
Explaining the connection between investments and entrepreneurship development, Dmitry Yaroshevich stressed that support for domestic, bona fide entrepreneurs and creating a comfortable environment for them represent unwavering priorities of the government policy...

Belarusian Chamber of Commerce and Industry chief meets with foreign diplomats
Belarus and the Dominican Republic are interested in cooperation in various sectors of the economy...

Belarus bans merchandise transit by rail from Lithuania
On 1 February Prime Minister of Belarus Roman Golovchenko made a few comments about the measures the Belarusian side intends to implement in response to Lithuania’s decision to stop the transit of Belarusian potash fertilizers...

Senator: India is very important for Belarus as gateway to third-country markets
"In 2020, our trade reached almost $600 million. These are significant figures. We are supplying quarry equipment, tractors, food, and petrochemical products"...

Belarus raises export duties on oil, oil products
In line with the resolution the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils is now $47.7 per tonne ($46.7 previously)...

Output of Bellesbumprom’s woodworking enterprises nearly tripled in last five years
"We make over 70 kinds of various goods out of wood, pulp, paper, and cardboard. We use a closed cycle of production and processing of raw materials. About 80% of Bellesbumprom’s output is exported to 75 countries"...

Minsk Automobile Plant ships batch of buses to Russia's Gelendzhik
The vehicles were purchased as part of the municipal program of social and economic development of the resort town. The transport vehicles meet all national standards, and requirements for safe and high-quality passenger transportation...

Bellesbumprom’s export to St. Petersburg up 1.6 times in January-November 2021
The exports were dominated by wood-based panels (about 40%), furniture (27%), paper and cardboard (24%). All in all, the export assortment featured about 15 items...

Lukashenko: Belarus-Saint Petersburg economic cooperation recovering well
As the head of state noted, the results for 2021 show that the economic cooperation between Belarus and Saint Petersburg bounced back. The trade in January-November 2021 already surpassed the trade of 2020. "Most likely, we will hit $1.7 billion in trade. That was the trade we had before the pandemic"...

Belarus, St. Petersburg urged to find new cooperation opportunities
"There are many reasons why this cooperation is important for Belarus. For example, Belarus’ trade with Saint Petersburg exceeds the country’s trade with a number of European states. Saint Petersburg is ranked 4th or 5th in the list of Russian regions trading with Belarus. We have good dynamics"...

Opinion: There will be no Belarus without a strong economy
"That we’ve managed to preserve the real growth of salaries at nearly 105% without curtailing a single social program in addition to increasing housing construction with state support by over 14%"...

Natural gas substitution effect of first unit of Belarusian nuclear power plant pointed out
Energy Minister Viktor Karankevich said that since the first unit was connected to the power grid, it has generated 6.9 billion kWh of electricity...