Business news

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...

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...