Business news

Belarus produces trial batch of Sputnik V, Sputnik Light vaccines
This batch is scheduled to be sent to the Gamaleya Institute in Russia for quality control on 23 December. These samples will be used to study the stability of the vaccine during storage...

Belarus’ Development Bank’s economic growth facilitation tasks outlined
“In order to ensure the effective operation of the economy in 2022, hit key national development targets next year we will have to accomplish hard but doable tasks. We will have to work in complicated conditions next year. I believe we should proceed from that during the adoption of the Development Bank’s key performance targets for 2022,” Roman Golovchenko said...

Lukashenko stresses importance of preserving small enterprises in district capitals
The head of state noted that not all the district capitals have this problem with workforce shortage but there is a handful of district capitals like that in every oblast...

Belarusian government urged to pay more attention to Gomel Oblast
First of all, according to the president, the government should facilitate, in every possible way, the completion of major investment projects and bringing them to the design capacity...

Lukashenko mentions possible response to ban on Belarusian shipments via Klaipeda port
In his opinion, there lies a rather serious potential for Belarus to respond to “Lithuanian shenanigans around the Klaipeda port”...

Another plane carrying Chinese vaccine against COVID-19 en route to Belarus
"The cargo includes 1.1 million doses of the vaccine purchased by Belarus"...

Second unit of Belarusian nuclear power plant to be commissioned by summer 2022
“Today is a very important day: time has come for the physical launch of the second unit, the loading of fresh nuclear fuel has begun, it was preceded by a lot of preparations, the relevant license was granted, respectively, we’ve become witnesses of this historical event,” Roman Golovchenko said...

Belarusian enterprises sign $80m worth of contracts at Belinterexpo exhibitions
The most productive in terms of the number of contracts signed were the Belarusian exhibitions Chemistry in Moscow - $29.3 million, Innoprom. Big Industrial Week in Uzbekistan, UzProdExpo/UzAgro Expo in Uzbekistan, FoodExpo Kazakhstan - $13 million...

Physical launch of second unit of Belarusian nuclear power plant authorized
Before making the decision Gosatomnadzor’s commission for licensing activities in the area of usage of nuclear energy and sources of ionizing radiation reviewed the documents that justify the safety of the Belarusian nuclear power plant, including expert conclusions and results of the comprehensive inspection the state enterprise Belarusian Nuclear Power Plant...

Belavia named most punctual European air carrier at Sheremetyevo
The rating of airlines is based on landings, departures from the parking area and takeoffs...

Lukashenko urges new trade minister to use antimonopoly tools to influence prices
"We have lots of problems in antimonopoly regulation just like in post-Soviet republics. It is necessary to use antimonopoly tools in order to somehow suspend prices, keep them in the affordable range"...

Belarus’ State Committee on Science and Technology criticized for poor performance
Belarusian President Aleksandr Lukashenko has instructed new head of the State Committee on Science and Technology Sergei Shlychkov to improve the performance of the organization and the sector in general...

Belarusian commodity exchange, Serbia’s NSCOMEX agree to cooperate
Head of the BUCE foreign trade department Aleksandr Bashliy expressed high interest in establishing a partnership with NSCOMEX, including with a view to implement joint projects at the regional level...

Minister: Belarus’ major goal is to achieve maximum with limited resources
“The main task of state programs is to achieve maximum results with limited resources. This should be enshrined in each document. Any deviations should be explained: why it happened, what measures were taken to rectify the situation and continue moving forward. This is the position we will stick to"...

Agreement reached to promote Belarusian cosmetics to Egypt
“The parties agreed on an algorithm for further cooperation, and joint activities for 2022 to promote high quality products of Belarusian manufacturers to the Egyptian market,” the embassy said...

Belarusian Neman Glassworks to expand cooperation with Azerbaijan
A delegation of the Belarusian company OAO Neman Glassworks led by the company’s Director Yuri Kislyak visited Azerbaijan on 17-19 December...

About 2m tonnes of peat extracted in Belarus every year
About 80% of the peat products is sold domestically, which allows substituting over 450 million m3 of natural gas every year...

Belarusian-Russian united electricity market to start working as from 2024
An interstate agreement on setting up the united electricity market of the Union State of Belarus and Russia is in development now. The relevant organizations are working out terms of interaction for sellers and buyers of electricity and matters concerning the development of infrastructure...

Readiness of second unit of Belarusian nuclear power plant at 95%
"Since the first unit was connected to the power grid, the nuclear power plant has generated 5.7 billion kWh of electricity, which allowed substituting 1.6 billion m3 of natural gas. It is 2.5 times as much as the amount of electricity the country’s petrochemical complex consumes per year"...

Major exporters of Russia’s Ryazan Oblast seek closer ties with Belarusian companies
The parties discussed the supply and sale of products of Belarusian companies in Ryazan Oblast. Representatives of Russian companies operating in the Belarusian market expressed interest in further work with Belarusian companies to expand sales markets...