Business news

BUCE’s new broker in China to focus on Belarusian farm produce
Rapeseed oil, meat and dairy products are considered as the most promising Belarusian goods for sale on the Chinese market...

Great Stone project lauded as great example of Belarus-China cooperation
The diplomat noted the China-Belarus industrial park Great Stone has become the largest foreign industrial park built with the participation of Chinese enterprises...

Belarus, Vietnam discuss prospects for joint ventures
An agreement was reached with the Vietnamese partners to continue work on the order intake for 2022...

Belarus' export at $44.5bn in January-November
In January-November 2021 Belarus' foreign trade totaled $85.088 billion, up by 31.6% year-on-year...

Minsk to host BUDEXPO 2022 architecture and building expo on 16-18 March
BUDEXPO is a good opportunity for enterprises to demonstrate their achievements and innovations, find new partners and conclude mutually beneficial contracts. The exhibition runs an extensive exhibition and business program, plenary discussions, roundtables and business meetings...

Great Stone Park reports record high number of resident companies in 2021
“In 2021, despite sanctions and a post-COVID period, we actually had a record high increase in the number of resident companies - 21 new businesses were registered in the park. Today there are 85 of them, including 43 from the People's Republic of China with a total investment of $1.2 billion,” Nikolai Snopkov said...

Belarus, Poland to share best folk art practices
For example, Kleszczele plans to revive weaving. Belarusian specialists will share their experience and teach the Polish partners the basics of this craft. In turn, Malorita District is interested in the revival of spiral and volumetric straw weaving, which Hajnowka County is famous for...

Supplies of Belarusian automotive, agricultural machinery to Nicaragua discussed in Managua
Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Republic of Cuba Valery Baranovsky met with Adviser to the President of Nicaragua on Investment, Trade and International Cooperation Laureano Facundo Ortega Murillo...

Belagro 2022 to take place in Great Stone on 7-11 June
The exhibition will feature machinery, technologies and equipment for agricultural industry, farms and greenhouses, agricultural products, agrochemistry, plant and soil protection products, animal science, feed and feed additives, veterinary preparations and medicines...

MTZ export up almost 25% in 2021
More than 36,000 tractors and machinery were delivered abroad. In 2021 MTZ delivered 41,6% more products to the non-CIS states than the year before...

Minsk Automobile Plant ships batch of buses to Russia’s Krasnodar
The new buses are designed for 101 seats. These are three-door, low-floor vehicles, equipped with powerful air conditioning, USB-sockets and LED screens, and also seats for physically challenged passengers...

Belarusian commodity exchange expects no significant price fluctuations for rolled steel in January
BUCE analysts also noted that since about 70% of ferrous metals sold at BUCE are of Russian origin, prices on the Belarusian exchange market fully reflect the price situation in Russia...

Lukashenko unhappy with performance of construction industry
"No construction means no development of the country. It is an axiom, and it is clear to everyone, especially to you, who have been working in the construction sector for a long time. If we take a look at the performance of the construction industry last year (I have the data as of the end of November, maybe something changed in December), I can say that there is not much to be happy about"...

Prices for industrial timber keep declining at Belarusian commodity exchange
According to BUCE analysts, the downward price trend was facilitated primarily by the annual auctions in timber , with 60% of the planned annual volume put up for sale, rather than 40% as in previous years...

Lukashenko urges to create more jobs in Minsk satellite towns
Aleksandr Lukashenko announced his plans to visit Dzerzhinsk in the spring. “It should be a pilot regional project, especially for Minsk. We need to spruce this town up and create additional jobs there, if necessary,” he stressed...

Chambers of commerce of Belarus, Iran committed to cooperation
During the meeting, the parties expressed interest in mutually beneficial cooperation, presented the economic potential of the regions and agreed to exchange business proposals of Belarusian and Iranian business...

BelNPP's first unit generates over 6bn kWh of electricity
Since it was connected to the power grid in November 2020, the first unit of the Belarusian nuclear power plant has generated more than 6 billion kWh of electricity, which made it possible to replace 1.7 billion cubic meters of natural gas, Belarusian Deputy Energy Minister Mikhail Mikhadyuk said in an interview with the Belarusian radio...

Belarus’ economic targets for 2022 outlined
The decree on the most important parameters of the country's development in 2022 that the head of state signed in early December covers the qualitative components of GDP: export, investment, revenue...

Belarusian commodity exchange welcomes first company from Pakistan
The arrival of the Pakistani trading enterprise at the Belarusian commodity exchange was the result of close cooperation between BUCE and the Embassy of Pakistan in Belarus, which assisted in organizing a visit of a Pakistani business delegation to Minsk in October this year...

Putin: ‘Belarusian economy is in good shape’
The president stressed that Belarus is a reliable partner for Russia not only in terms of political relations, but also in terms of economy...