Business news

Grodno Oblast, Russia discuss cooperation prospects
He emphasized that Belarus-Russia projects to create new production and new jobs are underway in Grodno Oblast. Russian capital accounts for about half of investments in the region’s economy...

Lukashenko to look into how major Belarusian companies handle sanctions
The head of state mentioned the plans as he met with Prime Minister of Belarus Roman Golovchenko and the top managers of Belaruskali and Belarusian Potash Company on 31 January...

Lukashenko: Banking sector did very well in 2021
“Therefore, the economy kept working, thank God. We have every opportunity to fulfill our commitments this year and achieve the goals set by the Belarusian People’s Congress and specified for this year. We set these goals in order to maintain economic growth,” the head of state said...

Lukashenko in favor of building second nuclear power plant in Belarus
The president specified that nuclear fuel for a nuclear power plant costs about $150 million. "It lasts for 5-6 years. We save a lot of money per year. And money is not the only consideration. The energy is pure"...

Lukashenko: China is one of our key trading and investment partners
"I will cite just a few figures: the annual trade already exceeds $5.5 billion, 23 investment projects worth billions of dollars have been implemented. By 2025, the export of Belarusian goods to China will approach $3 billion"...

Integration with Russia to add over 2% per annum to Belarus’ GDP growth
Aleksandr Lukashenko reminded that Belarus and Russia approved 28 Union State programs in late 2021. The main purpose of the programs is to create new manufacturing facilities and competences in key sectors. They will also take care of Belarus-Russia manufacturing cooperation and form a stable core of basic process flows...

Lukashenko: Russia is Belarus’ number one partner
According to the head of state, cooperation in the energy sector is particularly important for Belarus...

State to do everything to shield Belarusians from negative consequences of external pressure
In his words, there can be only one response to the sanctions – mobilization, search for new opportunities for development...

Belarus to showcase its best food brands at Gulfood expo in Dubai
The Taste of Nature exposition of Belarusian manufacturers will be on display at Gulfood on 13-17 February. Belarus’ leading food industry companies will exhibit meat and dairy products as well as new products...

Creation of Eurasian Economic Union’s free trade zones with Iran, Egypt, India discussed
Mikhail Myasnikovich and Sergei Aleinik discussed key matters concerning international activities of the Eurasian Economic Union, including progress in negotiations on establishing free trade zones with priority partners such as Iran, Egypt, and India...

Participation of Belarusian business in Eurasian integration discussed in Minsk
Mikhail Myasnikovich spoke about digital initiatives and projects to create favorable conditions for business in the EAEU implemented by the EEC. He urged Belarusian business to interact more actively with the EEC, to make proposals for projects and their financing...

Belarus eager to satisfy most of Syria’s needs for mechanical engineering products
The visit of the Syrian delegation has been prompted by the organization of a regular session of the Belarus-Syria commission on trade, economic, and technical cooperation...

Belarus, Syria eager to cooperate in civil engineering
Oleg Shvets noted that the Belarusian civil engineering industry has a great potential. It includes enterprises that offer the entire range of construction services starting with designing and production of construction materials and ending with turn-key construction of modern and quality properties..

Belarus to take part in UzFood expo in Uzbekistan
Companies from 10 more countries confirmed their participation in UzFood: Bulgaria, Germany, Italy, China, UAE, Russia, Saudi Arabia, Turkey, Uzbekistan and France, Belinterexpo informed...

Belarusian commodity exchange ready to ensure uninterrupted farm supplies to China
"Our platform enables us to accumulate offers from Belarus’ largest agricultural producers. Thus, we can always provide the amount you need, and secondly, ensure rhythmic deliveries. In addition, BUCE controls the execution of all transactions, which means that the risk is minimal, compared with over-the-counter schemes," Andrei Novikov emphasized...

Promotion of Belarusian products with high added value to Chinese market discussed in Beijing
The parties discussed ways to promote Belarusian products with high added value to china and launched the inclusion of Belarus in the project "ICAC Platform for the Best Foreign Products"...

Belarusian Universal Commodity Exchange’s first sale using Chinese yuans completed
The Belarusian Universal Commodity Exchange implemented the ability to specify prices in Chinese yuans in late 2021 by realizing a set of measures meant to advance exchange trade with China...

Companies of Belarus’ academy of sciences report $50 million in export in 2021
Vladimir Gusakov cited KhimPharmSintez, a producer of the latest medicines, as an example of a successful exporting company. The company managed to grow its export from $227,000 in 2020 to $717,000 in 2021,” the academician said...

Egypt interested in Belarus' participation in social and economic projects
The parties discussed the state of the Belarusian-Egyptian cooperation in the field of science, interaction between the national academies of sciences within the framework of the current joint projects...

Belarus’ vaccine said to stimulate immune response as effectively as foreign COVID-19 vaccines
The production of a pilot batch of the vaccine will be followed by the in-depth preclinical trials in 2022. “After the completion of preclinical trials, we will move on to the clinical stage. The clinical trials will comprehensively assess the safety and effectiveness of the so-called humoral and cellular immune response,” Vladimir Gusakov said...