Business news

Belarus’ Economy Ministry: Great Stone is well-positioned to develop pharmaceutical cluster
Tatiana Brantsevich recalled that pharmaceuticals and medical services have been identified as new priorities for Great Stone...

Formation of EAEU common natural gas market discussed
Participants of the meeting discussed key matters concerning the formation and operation of the common market of natural gas in the Eurasian Economic Union, including progress in preparing a draft international agreement on setting up the common market...

Belarus, Russia outline steps to advance cooperation between industrial enterprises
"The agreements reached today will provide new opportunities for Belarusian and Russian business entities to realize their entire industrial potential, which fully complies with the principles of the joint industrial policy within the framework of the Union State," Piotr Parkhomchik noted...

Plans to divert Belarusian export from Ukrainian market as much as possible
In his words, in 2021 Belarus’ export to Ukraine was close to $5.5 billion or 13% of the country’s total export...

Belarus to redirect food export to other markets
Igor Brylo noted that there is also the problem of transit across Ukraine, in particular, via the Odessa port...

Belarus’ Gomselmash signs agreement on cooperation with Tatarstan’s ministry
The Gomselmash exposition was visited not only by numerous customers, but also by distinguished guests. Among those who visited the stand were Oksana Lut, First Deputy Minister of Agriculture of the Russian Federation, and Tatarstan President Rustam Minnikhanov, who praised Gomselmash machinery...

Belarus, Hong Kong discuss business contacts
More than 90 representatives of Belarusian enterprises took part in the event that was held at the BelCCI via videoconference. These companies sought to explore possibilities to enter the markets of China and other East Asian countries through Hong Kong...

Belarusian, Russian energy ministers discuss formation of common natural gas market
In particular, the sides discussed key matters concerning formation and regulation of the common natural gas market. Further steps to reconcile common approaches to advancing integration processes in the sphere of natural gas were sketched out...

Belarus' Belneftekhim, Turkey discuss supplies in 2022
During a visit to Istanbul the head of the Belarusian diplomatic mission held meetings with representatives of the Belneftekhim enterprises and their Turkish partners participating in this international exposition...

Russian company to invest about $10m in production of construction materials in Belarusian Lepel
In order to implement the project, the company has bought vacant buildings of a mechanical repair plant via an auction. The site occupies about 5 hectares but requires serious investments in infrastructure...

BKM Holding to ship 25 trolleybuses to Sarajevo
For the Sarajevo Canton, the company is manufacturing trolleybuses of Model 43300D with a 20km autonomous run...

China-Belarus Industrial Park Great Stone to expand cooperation with Cuban pharma companies
The parties discussed various areas of cooperation, in particular, the attraction of new resident companies and expansion of cooperation with Cuban pharmaceutical companies. They also discussed the forthcoming meeting of the joint commission on trade and economic cooperation that will be held in Havana in March...

Lukashenko: Recent events are pushing Belarus and Russia towards closest cooperation
“Putin and I discussed this issue more than once. We will survive. They will not be able to starve us to death. We have enough land, we have fertilizers, farm machines, and processing factories. Will we be able to sell? There are 150 million people. We will consume everything"...

Belarus to get more weapons from Russia soon for defense purposes
Aleksandr Lukashenko said: “We are acting in a very civil and delicate manner. Even in this acute period when we understand that [foreign troops] are amassing, we have not moved our troops from their permanent stations. They are still in the barracks. But they are ready to deploy within three hours when ordered to"...

Lukashenko opines on prices, inflation in Belarus
“Prices and pricing pose the biggest challenges and this is not because we cannot keep prices in check. Frankly speaking, we have a dictatorship in this regard: just give an order and prices will freeze tomorrow,” Aleksandr Lukashenko said...

Belarus, Uzbekistan urged to increase trade
The Belarusian side is also interested in increasing its participation in industrial projects in Uzbekistan - not only in assembly projects but also in pharmaceuticals...

Belarus’ food export to China up almost 20 times since 2016
"The Chinese market is traditionally one of the major ones for Belarusian food producers. In 2021, we exported products worth $366.1 million (up by 47.9% over 2020). In 2016, Belarus’ food export to China totaled $18.8 million"...

Readiness of Belarusian nuclear power plant’s second unit at 96%
The official said: "Readiness of the second unit stands at 96%. Fresh nuclear fuel – 163 fuel rod arrays – was loaded into the reactor core in December 2021 as part of the unit’s physical launch program. The reactor unit has been assembled. It has undergone hydraulic testing. The tests confirmed the systems and the equipment match design parameters"...

PM: Belarus, Russia strengthen partnership, increase trade amid sanctions
“The way we respond to the sanctions is an example of a successful partnership and allied relations, which are tested and strengthened in this difficult environment,” stressed Roman Golovchenko...

Belarus seeks to boost food supplies to China using Eurasian Agroexpress project
The deputy minister also noted that over the past year, Belarus considerably grew its food supplies to the EAEU countries and China...