Business news

Nigeria interested in buying Belarusian products
This matter was discussed at a meeting of Belarus’ Industry Minister Piotr Parkhomchik with Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Nigeria to the Republic of Belarus (non-resident) Abdullahi Shehu Yibaikwal...

Ambassador: Belarus, India have huge potential for cooperation
He expressed confidence that business in Belarus and India are interested in a quick return to the traditional format of the dialogue and the level of relations that was before the pandemic...

Belarus, Hungary seek to expand cooperation in nuclear energy
Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to Hungary Aleksandr Ponomarev visited the town of Paks where the Paks Nuclear Power Plant is located...

Belarus’ agricultural companies produce over 7.588m tons of milk in 2021
"Minsk Oblast produced 1.987 million tons of milk, more than any other region. Brest Oblast posted the biggest milk yield per cow – 6,569 kg. For comparison: the average yield is 5,412 kg"...

Project to increase port capacity to handle Belarus’ potash in progress in Russia
According to the president, Russia has provided a platform for the project to create additional infrastructure in order to increase the capacity for transshipment of Belarusian potash fertilizers through the ports of Russia...

Belarus’ gold, forex reserves up by 1.2% to $8.5bn in January
Belarus’ gold and foreign exchange reserves were bolstered thanks to the budget revenues, including export duties and the purchase of foreign currency by the central bank via the Belarusian Currency Stock Exchange...

Belarus, Sri Lanka discuss implementation of arrangements in politics, economy
The sides continued the dialogue about the up-to-date agenda of the bilateral relations. In particular, progress in implementing previously made arrangements in the spheres of politics, economy, education, and healthcare was discussed...

Belarus, Japan discuss prospects for corporate cooperation
Ambassador Extraordinary and Plenipotentiary of Belarus to Japan Ruslan Esin met with President of Career Consulting Co.,Ltd. Isao Murodate...

MP: Belarus, Dominican Republic have potential to step up bilateral cooperation
"Our countries are interested in trade and economic cooperation. Last year, the bilateral trade somewhat increased, yet $7.5 million is very little. We can do so much better"...

Belarus, Chad interested in joint projects in various sectors of economy
The parties looked into the main areas of cooperation between the business circles of the two countries, the prospects for implementing joint projects in agriculture, engineering and education, the possibility of organizing bilateral events, including a presentation of Chad’s trade and economic potential for Belarusian business...

Chambers of commerce of Grodno Oblast, Bryansk Oblast discuss cooperation plans
The parties took stock of joint work in 2021 and outlined avenues for cooperation in 2022. The heads of the chambers agreed to arrange online negotiations in the b2b format with representatives of agro-industrial complex, logistics and tourism of the two regions...

Belarus, Egypt discuss further investment cooperation
Ambassador of Belarus to Egypt Sergei Terentiev met with Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones (GAFI)...

Belarus-Egypt medical center opens in Cairo suburbs
The center has hired Belarusian and Egyptian personnel. The medical facility is fitted with the latest in equipment for diagnostics and treatment...

Belarus’ foreign trade surplus hit record high of $4bn in 2021
Explaining the connection between investments and entrepreneurship development, Dmitry Yaroshevich stressed that support for domestic, bona fide entrepreneurs and creating a comfortable environment for them represent unwavering priorities of the government policy...

Belarusian Chamber of Commerce and Industry chief meets with foreign diplomats
Belarus and the Dominican Republic are interested in cooperation in various sectors of the economy...

Belarus bans merchandise transit by rail from Lithuania
On 1 February Prime Minister of Belarus Roman Golovchenko made a few comments about the measures the Belarusian side intends to implement in response to Lithuania’s decision to stop the transit of Belarusian potash fertilizers...

Senator: India is very important for Belarus as gateway to third-country markets
"In 2020, our trade reached almost $600 million. These are significant figures. We are supplying quarry equipment, tractors, food, and petrochemical products"...

Belarus raises export duties on oil, oil products
In line with the resolution the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils is now $47.7 per tonne ($46.7 previously)...

Output of Bellesbumprom’s woodworking enterprises nearly tripled in last five years
"We make over 70 kinds of various goods out of wood, pulp, paper, and cardboard. We use a closed cycle of production and processing of raw materials. About 80% of Bellesbumprom’s output is exported to 75 countries"...

Minsk Automobile Plant ships batch of buses to Russia's Gelendzhik
The vehicles were purchased as part of the municipal program of social and economic development of the resort town. The transport vehicles meet all national standards, and requirements for safe and high-quality passenger transportation...