Business news

Bellesbumprom’s export to St. Petersburg up 1.6 times in January-November 2021
The exports were dominated by wood-based panels (about 40%), furniture (27%), paper and cardboard (24%). All in all, the export assortment featured about 15 items...

Lukashenko: Belarus-Saint Petersburg economic cooperation recovering well
As the head of state noted, the results for 2021 show that the economic cooperation between Belarus and Saint Petersburg bounced back. The trade in January-November 2021 already surpassed the trade of 2020. "Most likely, we will hit $1.7 billion in trade. That was the trade we had before the pandemic"...

Belarus, St. Petersburg urged to find new cooperation opportunities
"There are many reasons why this cooperation is important for Belarus. For example, Belarus’ trade with Saint Petersburg exceeds the country’s trade with a number of European states. Saint Petersburg is ranked 4th or 5th in the list of Russian regions trading with Belarus. We have good dynamics"...

Opinion: There will be no Belarus without a strong economy
"That we’ve managed to preserve the real growth of salaries at nearly 105% without curtailing a single social program in addition to increasing housing construction with state support by over 14%"...

Natural gas substitution effect of first unit of Belarusian nuclear power plant pointed out
Energy Minister Viktor Karankevich said that since the first unit was connected to the power grid, it has generated 6.9 billion kWh of electricity...

Grodno Oblast, Russia discuss cooperation prospects
He emphasized that Belarus-Russia projects to create new production and new jobs are underway in Grodno Oblast. Russian capital accounts for about half of investments in the region’s economy...

Lukashenko to look into how major Belarusian companies handle sanctions
The head of state mentioned the plans as he met with Prime Minister of Belarus Roman Golovchenko and the top managers of Belaruskali and Belarusian Potash Company on 31 January...

Lukashenko: Banking sector did very well in 2021
“Therefore, the economy kept working, thank God. We have every opportunity to fulfill our commitments this year and achieve the goals set by the Belarusian People’s Congress and specified for this year. We set these goals in order to maintain economic growth,” the head of state said...

Lukashenko in favor of building second nuclear power plant in Belarus
The president specified that nuclear fuel for a nuclear power plant costs about $150 million. "It lasts for 5-6 years. We save a lot of money per year. And money is not the only consideration. The energy is pure"...

Lukashenko: China is one of our key trading and investment partners
"I will cite just a few figures: the annual trade already exceeds $5.5 billion, 23 investment projects worth billions of dollars have been implemented. By 2025, the export of Belarusian goods to China will approach $3 billion"...

Integration with Russia to add over 2% per annum to Belarus’ GDP growth
Aleksandr Lukashenko reminded that Belarus and Russia approved 28 Union State programs in late 2021. The main purpose of the programs is to create new manufacturing facilities and competences in key sectors. They will also take care of Belarus-Russia manufacturing cooperation and form a stable core of basic process flows...

Lukashenko: Russia is Belarus’ number one partner
According to the head of state, cooperation in the energy sector is particularly important for Belarus...

State to do everything to shield Belarusians from negative consequences of external pressure
In his words, there can be only one response to the sanctions – mobilization, search for new opportunities for development...

Belarus to showcase its best food brands at Gulfood expo in Dubai
The Taste of Nature exposition of Belarusian manufacturers will be on display at Gulfood on 13-17 February. Belarus’ leading food industry companies will exhibit meat and dairy products as well as new products...

Creation of Eurasian Economic Union’s free trade zones with Iran, Egypt, India discussed
Mikhail Myasnikovich and Sergei Aleinik discussed key matters concerning international activities of the Eurasian Economic Union, including progress in negotiations on establishing free trade zones with priority partners such as Iran, Egypt, and India...

Participation of Belarusian business in Eurasian integration discussed in Minsk
Mikhail Myasnikovich spoke about digital initiatives and projects to create favorable conditions for business in the EAEU implemented by the EEC. He urged Belarusian business to interact more actively with the EEC, to make proposals for projects and their financing...

Belarus eager to satisfy most of Syria’s needs for mechanical engineering products
The visit of the Syrian delegation has been prompted by the organization of a regular session of the Belarus-Syria commission on trade, economic, and technical cooperation...

Belarus, Syria eager to cooperate in civil engineering
Oleg Shvets noted that the Belarusian civil engineering industry has a great potential. It includes enterprises that offer the entire range of construction services starting with designing and production of construction materials and ending with turn-key construction of modern and quality properties..

Belarus to take part in UzFood expo in Uzbekistan
Companies from 10 more countries confirmed their participation in UzFood: Bulgaria, Germany, Italy, China, UAE, Russia, Saudi Arabia, Turkey, Uzbekistan and France, Belinterexpo informed...

Belarusian commodity exchange ready to ensure uninterrupted farm supplies to China
"Our platform enables us to accumulate offers from Belarus’ largest agricultural producers. Thus, we can always provide the amount you need, and secondly, ensure rhythmic deliveries. In addition, BUCE controls the execution of all transactions, which means that the risk is minimal, compared with over-the-counter schemes," Andrei Novikov emphasized...