Business news

China-Belarus industrial park Great Stone eager to attract major investors
The document also specifies that at least 170 companies are supposed to reside in the China-Belarus industrial park Great Stone by 2025...

Contracts on oil delivery to Belarus in 2022 ‘practically signed’
Dmitry Krutoi said: “As much as this year. The state budget specifies a more conservative scenario – as much as 12.5 million tonnes will be processed. But the target is 16-17 million tonnes. Some will be delivered by rail and some by pipelines. This is why the two Belarusian oil refineries will be fully supplied with oil next year. There are no issues with that”...

Belarus’ trade performance best in 7-8 years
“And if we leave out one year, then, probably, over the past 15 years. This is really an achievement of the Belarusian economy. However, this was not done in government offices. It was a smooth teamwork of all economic operators – from workers who produce goods, to ministries and departments, industry regulators,” the prime minister said...

Belarus to introduce counter-sanctions against West soon
"The list will be long enough. These will not be so-called asymmetric or formal measures. These will be economic measures in response to the pressure put on us"...

Lukashenko urges to step up performance discipline, execute decisions immediately
Aleksandr Lukashenko stressed it is necessary to endure whatever the cost in the face of confrontation with the collective West...

Belarus' foreign trade surplus exceeds $2.7bn in January-October 2021
According to Aleksandr Lukashenko, the results of January-October show that the country’s gross domestic product increased by 2.4%. There is a 7.1% increase in industrial output virtually in all subindustries...

Lukashenko urges government to be more frugal
"It should be remembered that people do not care about figures and indicators. Our citizens are concerned about salary, work, prices. In this context, I would like to know whether we have planned enough measures in the areas I supervise," the head of state addressed the participants of the meeting...

Lukashenko: Export growth can build public trust in ruble, bank deposits
“We should not miss the opportunity to assert ourselves. If we increase foreign exchange earnings, we will have a strong Belarusian ruble. The population will stop being cautious and will put their money on bank deposits or invest in bonds,” Aleksandr Lukashenko said...

Belarus, Russia’s Astrakhan Oblast sign joint action plan for 2022-2024
“We consider Astrakhan Oblast as a consistent and reliable partner. We have significant economic potential for further development of mutually beneficial relations. Moreover, the signed action plan for 2022-2024 will give a new impetus to the bilateral cooperation and let us identify steps to further deepen cooperation in the most significant and strategic areas,” said Aleksei Lyakhnovich...

Lukashenko contemplates privatization of Belarusian state-run enterprises
“Modernization, manufacturing improvement, and the target market are the key. We will set up the joint venture, polish the target markets, and take a look at modernization. Russia is richer, it can lend money to MAZ so that it could get better and catch up in some areas,” the president noted. “You may have to catch up to MAZ’s standards in some parts and MAZ may have to catch up to KamAZ’s standards. And modernization is necessary"...

PM: Belarus intends to advance economic ties with Russian regions
"Direct ties with the Russian regions are part and parcel of foreign policy. We have long been working with Russian regions on the basis of direct agreements, action plans and cooperation programs. This long-term practice, of course, yields great results," Roman Golovchenko said...

Russia’s Astrakhan Oblast eager to facilitate Belarus’ export to Southeast Asia
Igor Babushkin said: “We believe that it is a good offer for exporting Belarusian goods to Southeast Asia because it significantly accelerates transit along this international transport corridor”...

Governor: Astrakhan Oblast and Belarus have enjoyed many years of partnership
In January-September 2021 the trade between Belarus and Russia’s Astrakhan Oblast amounted to $23.1 million, up by almost 29% year-on-year...

Lukashenko: Belarus, Russia to hold military exercise on Belarus-Ukraine border
"We are still making plans, but the first stage will definitely be held in the winter. Everything is ready for this,” the president said. “They will certainly huff and puff over there but we will conduct the exercise. We will be reinforcing that part of the border"...

Lukashenko comments on prospects of Belarus-Russia single currency
"When Yeltsin and I signed the agreement, we meant that it would not be a Belarusian ruble or a Russian ruble, but some other currency. Yet, since our currency is called a ruble, and your currency is also called a ruble, why should we invent something else and call the single currency a thaler or something. Yes, it will be a ruble,” the president said...

Belarus’ losses from Western sanctions described as minuscule
He noted that enterprises in Belarus did not go into lockdown during the pandemic. "We did not stop the economy, and we were lucky in that regard," Aleksandr Lukashenko said, explaining that Belarusian producers got a chance to tap more into foreign markets at a time when other countries were on lockdown...

Protocol on Russian natural gas prices for Belarus in 2022 signed
The price Belarus will pay for natural gas in 2022 has been set taking into account this year’s terms - $128.52 per 1,000m3...

China-Belarus Industrial Park Great Stone presented for foreign diplomats in Moscow
According to the diplomat, Belarus has developed a comprehensive system of support and preferences for investors...

Enterprises of Russia’s Leningrad Oblast eager to sell confectionery, furniture via BUCE
These Russian goods will be sold via the digital B2B platform of the Belarusian Universal Commodity Exchange where similar products are already traded. In particular, deals to sell office furniture, food, and various kinds of packaging are made virtually every week...

Belarus, IAEA to sign 2022-2027 framework cooperation program soon
Sergei Aleinik and Hua Liu noted that the International Atomic Energy Agency’s technical cooperation program represents an effective tool for spreading cutting-edge practices, for providing technical and expert support to the countries that peacefully use nuclear technologies. They also stated Belarus’ active participation in the program...