Business news

PM: Sanctions will be offset by Belarus’ greater presence in Russia, Asia, Africa
The government made production and export projections across majors commodities. For example, the export of buses is expected to increase by 50%, that of trucks by more than 10%, cars by 40%, ferrous metals by 12%, woodworking products by 8%. In general, the foreign trade surplus is projected at up to $3 billion...

PM: Belarus shows resilience to economic challenges
"We honor all social obligations and guarantees. The number of people employed in the economy, the unemployment rate stay within the forecast parameters. Real disposable incomes of the population increased by 2.6%, and real wages - by 4.8%"...

Belarus attends Wuxi International Sister Cities Forum
The Belarusian diplomat called on Chinese partners to make a full use of the potential of interregional trade, economic and investment cooperation to increase the supply of Belarusian food products, set up more joint ventures, including in the Chinese-Belarusian industrial park Great Stone...

Priorities in development of Belarusian regions discussed at entrepreneurship forum
The forum has been organized in association with the Belarusian Economy Ministry and the Mogilev Oblast Executive Committee within the framework of the UNDP project Support to Economic Development at the Local Level in the Republic of Belarus. The project is being implemented with financial assistance of the European Union...

Belarus-Azerbaijan cooperation discussed in Minsk
“We are also working on a number of areas, including construction and urban planning. There are contractual documents between our design institutes to make plans for the development of cities in Azerbaijan. I hope that the next meeting of the intergovernmental commission will be held in the very near future. In my opinion, we need to intensify the participation of Belarusian organizations in the restoration of Azerbaijan infrastructure,” the prime minister said...

Senator: Belarus seeks closer economic ties with Oman
“Next year, our countries will celebrate the 30th anniversary of the establishment of diplomatic relations. In this regard, establishing direct contacts to exchange experience and views on issues of mutual interest between the working groups of parliaments is particularly relevant,” Sergei Rachkov said...

Belarus-Russia Union State cooperation discussed
“As for the area I supervise, everything that is set within the framework of the Union State, including two Union State programs on tourism and unification in social and labor sector, is successfully implemented. We had begun working out appropriate approaches even before the programs were approved,” Igor Petrishenko said...

Belarus, Russia’s Rostov Oblast outline cooperation priorities through 2023
Areas for further work are outlined in the protocol on the development of cooperation between Rostov Oblast and Belarus for 2021-2023. It is a comprehensive document, which includes activities in the foreign economic activity, industry, agriculture and food, architecture and construction, housing and utilities services, public transport, education and culture. The procedures to sign this protocol in absentia are underway...

Belarus, Russia’s Altai Territory interested in expanding trade, economic cooperation
In his words, Altai Territory’s agriculture demonstrates high performance. “The region accounts for one third of the arable land of the entire Siberian Federal District. Altai Territory ranks second in terms of the area under cereals and leguminous crops. These are significant figures,” he pointed out...

Agreement on transshipping Belarusian oil products via Russian sea ports ratified
The bill’s adoption will allow organizing cooperation with Russian commercial entities in shipping and transshipping oil products originating from the Republic of Belarus and will enable the export of Belarusian oil products...

Belarus’ HTP export up by 25% to exceed $2.3bn in January-September
In Q3 2021, the export of services by the HTP resident companies amounted to about $764 million, up by $160 million year-on-year. Thus, in January-September the HTP export already exceeded $2.3 billion, up by 25% year-on-year. Today, this figure accounts for a third of Belarus’ total export of services...

Belarus, Bashkortostan interested in cooperation in land and property relations
Natalya Polyanskaya responded that this visit is important from several points of view. “Belarus is a friendly country for us. We are interested in Belarus’ best practices in developing and running a uniform policy in land and property relations. We would also like to study the system of state property accounting and control,” the minister said...

Belarus’ ambassador discusses cooperation prospects with Chinese businessmen
The ambassador suggested considering the implementation of joint projects in Belarus and China...

Import substitution seen as key tool to counter sanctions
About 170 import-substitution projects worth almost Br13 billion in investment have already been proposed...

Call for tighter manufacturing cooperation ties between Mogilev Oblast, Russia’s Altai Territory
The official said that Mogilev Oblast traditionally maintains tight and friendly relations with all the regions of the Russian Federation...

Russia’s Bashkortostan eager to assemble more Belarusian tractors, interested in UAVs
The Bashselkhoztekhnika enterprise assembles Belarusian wheeled tractors in Bashkortostan. But the Russian region desperately needs tracked tractors now...

Russia’s Bashkortostan, Belarus urged to build on momentum for closer cooperation
We love Belarus and your people very much. If we fail to build on the momentum for closer cooperation, we will fall behind other competitors. That is why it is very important that we are paying a visit right now,” said Radiy Khabirov...

Belarus’ food export up by 14.1% in January-October 2021
Belarus supplied food to 106 countries in January-October. Export to the CIS countries, including the Russian Federation, increased by 10.4%, to Asia and Oceania - by 33.4%, the EU - by 41.4%, the Americas and the Caribbean - by 56.5%, Africa - by 9.7%. Belarus’ food export to the People's Republic of China surged by 32.9%...

Belarus, Turkey to discuss draft agreement on free trade in services
According to expert estimates, the agreement on free trade in services with Turkey will enable Belarus to increase export of services by 3.8%...

Belarus announces measures in retaliation to Western sanctions
The government of the Republic of Belarus has banned the import of a number of goods originating from the states applying the illegitimate anti-Belarusian sanctions...