Business news

Belarusian Belgospischeprom taps into 13 new markets in 2021
"Last year we expanded into new markets 20 countries. All in all, we shipped our products to more than 70 countries in 2020. This year we tapped into 13 more markets, including the UAE, Saudi Arabia, South Africa, Nigeria and others. These are the markets we had never been present. Last year, we tripled the export to the Chinese market. This year the growth is already 30%," Anatoly Buben said...

PM: Belarus is working hard to mitigate impact of sanctions for economy, households
He emphasized that economic sanctions on Belarus have been in effect for a long time, especially the sanctions against Belarus’ industry giants...

Belarus seeks to increase trade with Azerbaijan
The minister suggested increasing the supply of Belarusian food, engineering products, construction materials and other goods to Azerbaijan. Aleksandr Chervyakov emphasized the potential for cooperation in the services sector: tourism, logistics, trade, construction, and in particular, the participation in the construction of social facilities in Azerbaijan...

Belarus-Kazakhstan economic cooperation discusssed
“Our relations are quite vibrant. We look forward to an official visit of the president of Kazakhstan to Belarus in 2022, and I believe that by that time the two countries will have reached good results, especially since our mutual trade trends are good, trade is on the rise, and both Belarusian exports to Kazakhstan and Kazakhstan’s exports to Belarus have been increasing. This shows that our foreign trade is balanced,” said Roman Golovchenko...

Belarus-Kyrgyzstan economic cooperation discussed
Roman Golovchenko said: “Kyrgyzstan is a friendly country for us. We are glad to resume full-fledged cooperation taking into account economic capabilities and the potential of our countries. I am glad that there will be a dialogue not only between the central governments but the regions, too. Belarus-Kyrgyzstan trade is on the rise and close to $70 million"...

Belarus to debut at Middle East Organic and Natural Product Expo in Dubai
The expo will focus on five natural market segments such as Food & Beverages, Health, Beauty, Living and Environment...

Development of draft agreement on Belarus-Russia joint electricity market discussed
Matters concerning cooperation in the sphere of power engineering within the framework of the Union State of Belarus and Russia and the Eurasian Economic Union were discussed. In particular, economic aspects of parallel operation of the Belarusian and Russian electricity markets were discussed...

Belarus’ food export projected to exceed $6bn in 2021
In January-September 2021 Belarus’ food export rose by 12.6% to exceed $4.7 billion...

Defense ministries of Belarus, Uzbekistan approve plan of cooperation for 2022
The parties discussed the state of bilateral military cooperation and outlined ways to intensify it in areas of mutual interest, and also approved a plan for bilateral cooperation between the defense ministries of Belarus and Uzbekistan for 2022...

Minsk Automobile Plant taking part in ITIF Asia 2021 expo in Pakistan
The MAZ representatives introduced visitors to the company’s assortment rage, technical specifications of trucks and buses, as well as financial instruments to buy and sell these products in the Asian market. During the exhibition, heads of commercial services of Minsk Automobile Plant held negotiations with local companies to discuss cooperation opportunities and a possibility to increase the supply of vehicles...

Belarus’ Development Bank to borrow €314.5m from Eurasian Development Bank
The decision is laid down by presidential decree No.440 of 15 November 2021, which has been published by the national registry of legal acts...

Belarusian companies eager to advance cooperation in mechanical engineering with Kazakhstan
A meeting with Kostanay Oblast Governor Arkhimed Mukhambetov was arranged as part of the visit. The sides discussed future cooperation in mechanical engineering, in particular, the realization of a project to make driver’s cabs for tractors and other components of agricultural machines...

Belarus, Russia discuss ways to unify transport market regulations
Expert consultations were held with representatives of the Russian Ministry of Transport. Aleksei Lyakhovich also met with State Secretary - Deputy Minister of Transport of Russia Dmitry Zverev. The parties discussed the implementation of the Union State program to unify the regulation of the transport market of the two countries...

Kyrgyzstan’s capital city interested in buying Belarusian vehicles
Other cooperation possibilities were also explored during the trip to Minsk, including the establishment of joint ventures in Bishkek for the aftersales service of Belarusian vehicles...

Belarus, Mongolia seek to expand business ties
The parties discussed the promising areas of cooperation between the BelCCI and the Embassy of Mongolia in Belarus, the current state and opportunities for expanding business ties between Belarusian and Mongolian enterprises in mechanical engineering, mining, agriculture and agricultural technologies, food and textile industries...

South African companies interested in cooperation with Belarusian manufacturers
The parties considered the prospects for developing cooperation between South African companies and Belarusian manufacturers of high-tech equipment, enterprises of the machine-building sector, agriculture, food, chemical industry and the energy complex...

Belarusian companies sign 11 export agreements at expositions in Dubai
The Belarusian delegation held negotiations at the UAE Ministry of Climate Change and Environment to discuss cooperation within the framework of the Food Tech Valley project. The Belarusian delegation also toured the IQ Fulfillment company that provides services to SMEs, incubators, accelerators, and e-commerce players...

Belarus chairs WTO Informal Group of Acceding Governments meeting in Geneva
The Belarusian representative noted that the accession of Belarus to the WTO opens the way for the membership of the Eurasian Economic Union in the organization...

Lukashenko denies accusations about blocking access to humanitarian aid for refugees
"The President Administration should respond more effectively to the events that are taking place in Belarus, so that our people understand what is happening. They (especially the Poles) have already accused us that we block access to the humanitarian aid and do not provide it to refugees rapped on the state border," Aleksandr Lukashenko said...

Belarus’ cooperation with Saudi Arabia, UAE receives impetus at forum in Dubai
Chairman of the State Authority for Military Industry of Belarus Dmitry Pantus held negotiations with Governor of the General Authority for Military Industries of Saudi Arabia Ahmad Al-Ohali and Director General of the International Golden Group (UAE) Fadel al-Kaabi...