Business news

Belarus' export of computer services up to $2.2bn in January-September 2021
Computer services accounted for 29.4% of Belarus' total export of services in January-September 2021. Computer services rank second to transport services in terms of the export volume...

Belarusian Krichevtsementnoshifer to refresh product range by 70% in January 2022
Krichevtsementnoshifer will refresh the product range due to transition to a new cement manufacturing standard. For instance, the product range will include the new straight cement Tsem-0. It will be the highest quality product...

Stage 5 engines of Belarusian MMZ to be tested in Germany
The Belarusian company started designing Stage 5 engines in 2018. The engines are compliant with this environmental standard thanks to fuel equipment and an advanced exhaust gas purification system...

Belarus, Russia reconcile plans to create common markets of gas, electricity
“As far as the gas sector is concerned, our Russian partners and us have to determine the fundamental principles of operation of the unified market and to ensure the convergence of working conditions for our enterprises,” Viktor Karankevich said...

Belarus, Armenia seek to increase mutual trade
"The main priorities in Belarus-Armenia trade and economic cooperation are to strengthen the positions of Belarusian and Armenian exporters in the markets of our states, to expand the distribution network, and to advance cooperation in agriculture, science and technology"...

Belarus, Serbia seek closer cooperation in science, technology
During the meeting, the parties discussed topical areas of bilateral cooperation, the results of joint projects in science and technology and also the interaction between Belarusian and Serbian scientists...

ENSREG report on peer review of action plan on Belarusian nuclear power plant stress tests okayed
Out of the 22 recommendations formulated by the 2018 ENSREG report 17 recommendations have been fully implemented and can be considered fulfilled. Actions relating to five recommendations are being taken and correspond to the essence of the recommendations. The Belarusian regulatory authority and the nuclear power plant’s operator implemented some actions faster than announced in the original plan...

FEZ Gomel Raton industrial output up 42% in January-September 2021
The activity of resident companies in general is characterized by the growth of industrial output (works, services) in actual prices. In January-September 2021 this figure was Br4.1 billion, which is 42.1% up from the previous year,” the FEZ administration said. The share of the goods produced by the resident companies was 17.5% across the oblast...

Belarusian MAZ signs $1m contract to sell vehicles to Uzbekistan
The protocol of the second session of the Belarus-Uzbekistan working group on agriculture and food industry was signed as a result as well as an agreement between MAZ’s official distributor in Uzbekistan MAZ-Tashkent Company and Nurafshon Maxsus Texnika Company on shipping $1 million worth of mechanical engineering products...

Belarus takes part in agriculture and food expos in Tashkent
Belarusian manufacturers have displayed their innovations in the field of food industry, agricultural engineering and science...

Belarus-Armenia trade up by 2.5 times over past five years
In January-September 2021 Belarus’ major export items were dairy products, furniture, computers for automatic information processing and medicines...

5bn kWh of electricity generated by Belarusian nuclear power plant’s first unit so far
"The unit generates about 28 million kWh of electricity every day or about 25% of the total amount of electricity Belarusian power plants generate every day"...

Belarus’ central bank eager to switch to inflation targeting fast
"Inflation targeting will help reduce inflation, stabilize inflation expectations, and build up trust in the Belarusian ruble"...

Belarus seeks to increase food export to China up to $1bn
“Much attention is paid to company certification and building up exports to the People’s Republic of China. By the end of the five-year period, our sales on the Chinese market are expected to reach $1 billion. Today we mostly supply beef, poultry, milk and dairy products to China,” said Ivan Krupko...

Belarus-Uzbekistan trade grows sevenfold over five years
The Belarusian delegation took part in a series of events in Tashkent in the run-up to the opening of the UzAgroExpo agricultural exhibition and the UzProdExpo exhibition of food industry and food products, where Belarus will run its national pavilion. Thus, prior to the exhibitions the Uzbekistan-Belarus working group on agriculture and food industry held a meeting, and representatives of exhibiting companies visited retail chains of Uzbekistan...

Agreements signed in Dubai to advance Belarus’ cooperation with foreign partners
BelTA reported earlier that Prime Minister of Belarus Roman Golovchenko took part in the solemn opening ceremony of the Belarusian Investment Forum on 22 November...

Business conditions in China-Belarus industrial park Great Stone praised
Top officials of the park administration presented the park’s investment opportunities before participants of the event, including significant preferences available to residents and investors, the well-developed infrastructure, the one-stop services, and access to major target markets...

Belarus discusses cooperation with Middle East, Persian Gulf at EXPO 2020
"Today's investment forum is also aimed at establishing new business connections, new contacts, working out the areas of possible economic cooperation not only with the UAE but also with all the countries in the region"...

PM: Belarus seeks closer cooperation with UAE in trade, investment
Belarus has steadily increasing the export of goods and services to the UAE and other countries of the region. Belarus’ main exports include products of petrochemical processing, wood processing, food products and various types of equipment...

Lukashenko suggests building wood processing enterprises in Grodno Oblast
Aleksandr Lukashenko inquired how the regional economy is doing, especially in the face of sanctions pressure from the West. "They have imposed the sanctions against us. They are trying to strangle us economically, trying to tighten the noose around us. So what's the situation? What kind of support is needed?" the president asked...