Business news

Bill in Russian parliament to allow Belarusian companies to help build Vostochny Cosmodrome
Roscosmos will be able to hire Belarus citizens and Belarusian legal persons, which are founded by Belarus or its citizens in an organizational form the Belarusian legislation allows...

Lukashenko calls for recycling more
“Look, this is the Klondike. Let me explain it in simple terms. We have a huge glass industry (production of glass windows, car windows, glass for TV sets, bottles, and so on). This shouldn’t end up in a landfill. All this glass, cullet and so on should be recycled and recovered from this secondary waste"...

Belarusian Belgospishcheprom increases supplies to EU in March
“The March statistics of the Belgospishcheprom enterprises show that the volume of supplies to the EU markets increased. This applied not only to salt but to other types of food as well,” said Oleg Zhidkov...

Grodno Oblast interested in expanding cooperation with Azerbaijan
In 2021 Grodno Oblast’s merchandise trade with Azerbaijan totaled $17.5 million, with export at $17.4 million and import at $0.1 million. About 40 enterprises exported their products to Azerbaijan...

Belarus, Russia continue negotiations on import substitution
"Now the Industry Ministry, the Healthcare Ministry, and other agencies as well as the light industry are working very tightly with the Russian Industry and Trade Ministry. Negotiations continue in Moscow, the industry minister is in charge of them. We have to very promptly and precisely determine the areas for import substitution and the areas where parallel manufacturing must be ruled out"...

BUCE steps up exchange trade with Russia’s Penza Oblast
Chairman of the Board of the Belarusian Universal Commodity Exchange Aleksandr Osmolovsky met with Governor of Penza Oblast Oleg Melnichenko at the Trade Mission of Russia in Belarus...

Ambassador names popular Belarusian products in Vietnam
“Our countries enjoy friendly relations. They are multifaceted and based on a high level of trust, mutual respect and support. We have two pilot projects - MAZ Asia, and a project to set up an enterprise in Hung Yen Province to launch dairy production using Belarusian technologies and raw materials,” said Vladimir Borovikov...

Belarusian ambassador to China, CIDCA chairman discuss joint infrastructure projects
Close attention was paid to the role the Republic of Belarus plays in realizing the Belt and Road initiative, including in the capacity of an important transport hub on the road between China and Europe...

Belarusian nuclear power plant seen as good stimulus for higher electricity consumption
It will be a substantial contribution to stronger energy security of the country. “We will get a reliable, cost-effective, and environmentally friendly source of energy with the service life of up to 100 years taking into account the practice of extending the service life of equipment of reactor units,” Viktor Karankevich noted...

Belarusian commodity exchange extends its reach in UAE, Switzerland
In Q1 2022, companies from 26 countries bought timber, chips and stakes at the commodity exchange. Key markets were the Baltic states, Germany, Poland and China...

Belarus’ Grodno Oblast, Russia's Republic of Tyva to sign cooperation agreement
The Republic of Tyva also showed interest in Grodno Oblast’s best practices in processing of agricultural raw materials and agriculture, construction of dairy complexes, and crop production...

Enterprises of Belarus, St Petersburg set up manufacturing cooperation union
Apart from that, within the framework of realization of the memorandum the heads of enterprises of Belarus and Russia signed in 2021 plans have been made to work out and implement promising projects in the sphere of production of machines and equipment for agriculture...

Golovchenko names promising avenues of cooperation with Penza Oblast
The head of government emphasized that Belarus has always attached great importance to cooperation with Russian regions. On 30 March the Belarusian delegation led by the prime minister returned from St. Petersburg where the delegation took part in a number of forums and meetings and signed a series of agreements and memorandums of cooperation...

Lukashenko comments on possibility of single state, singe currency with Russia
"The economy will take us to where we need to be. The economy is the foundation of any relationship. We are moving along this path"...

Governor: Belarus will help Penza Oblast to replace Western imports
"We were seriously preparing for the visit. We carefully analyzed the range of products that we are interested in. We looked into our imports to be replaced. It features about 800 items which we will be replacing,” Governor Oleg Melnichenko said...

Lukashenko: Penza Oblast holds special place in Belarus’ contacts with Russian regions
"Trade and investment are the key areas of cooperation between Belarus and this Russian region. This is the main thing and we will focus on it. It does not mean that other avenues of cooperation will be neglected. Naturally, we will promote humanitarian cooperation and cultural contacts. We stemmed from one root, we look absolutely alike,” the Belarusian leader said...

Belaruskali to increase production and supplies to China amid sanctions
"In particular, since December 2021, we have been shipping potash fertilizers by container trains to China. The number of trains increases every month. New packaging lines are being built to pack the products in containers. We are set to send at least three container trains to China in the near future,” Ivan Golovaty informed...

Belarus showcases foods at UzFood 2022 in Uzbekistan
The Belarusian exposition featured products by 21 food producers. The exposition stood out from the crowd thanks to the versatility of areas and industry branches on display...

Government to support Belarusian economy with lower regulatory pressure, subsidized loans
In his words, Belarusian enterprises will have access to credit resources, which interest rates will be subsidized by the state...

Promising markets for Belarusian equipment outlined
"Companies affiliated with the Industry Ministry export more than 60% of their output every year. The main sales market is our traditional partner Russia. Promising markets for Belarusian equipment are the markets of Africa and Asia," Piotr Parkhomchik said...