Business news

Premiers of Belarus, Russia discuss integration, economic cooperation
Roman Golovchenko and Mikhail Mishustin paid special attention to the efforts to deepen integration in the Union State. They also touched upon the schedule of upcoming contacts at the government level...

Export by free economic zone Minsk’s resident companies 51% up in H1 2021
FEZ Minsk resident companies reported an aggregate profit of Br182.5 million. They paid Br216 million in taxes, duties, and levies, 16% up from H1 2020...

Madagascar seeks cooperation with Belarus’ Amkodor
A delegation of business representatives from Madagascar paid a visit to Amkodor to get familiar with the production lineup and conduct negotiations with the company's management. The parties expressed hope for further cooperation...

Mezentsev: Belarus and Russia become more competitive together
According to him, this should steer both countries away from developing unnecessary industries that become unwitting competitors to each other. “We are working to unite our engineering and technological schools in favor of the joint result, which is to enter new segments of the world market,” he said...

Petrishenko unveils outcomes of Eurasian Intergovernmental Council meeting
"We have discussed ways to boost the export of the EAEU products to the markets of third countries. A working group will be put together to draft an agreement to provide adequate insurance support for export risks. We believe this agreement will be ready within a short period of time"...

Belarusian company to set up joint venture in South Africa
According to the cooperation agreement the Belarusian company and the South African one have signed, the joint venture will specialize in making several types of centrifugal equipment, non-standardized parts, and spare parts using NPO Center’s technologies for the sake of selling the products in South Africa and other African countries...

Belarus tractor production in Kazakhstan shows impressive growth
Belarus seeks to launch new joint projects and scale up existing joint projects in this region, to build cooperation with mechanical engineering and agricultural companies, to expand contacts with the local power vertical and to support the Belarusian diaspora...

Belarus-China company to launch heparin production in Brest Oblast
Such a production will be new to Belarus. It will be run by a Belarus-China joint venture. The investment agreement was signed by Brestmyasomolprom Concern and a Chinese company that produces heparin...

Lukashenko shares his vision of business, cites China’s policy
Entrepreneurs should pay adequate wages to employees rather than devise ways to line up their own pockets, Belarusian President Aleksandr Lukashenko said as he met with Taxes and Duties Minister Sergei Nalivaiko and Chairman of the State Control Committee Vasily Gerasimov...

Belarus, Egypt seek to boost cooperation in manufacturing
The parties discussed progress in implementing Belarus-Egypt joint projects...

Belarus prime minister sums up results of social, economic development in H1 2021
"Four out of the six performance indicators of the government and the central bank were secured in H1 2021. The resulting indicator of performance of the entire economy – real disposable income of the population – rose by 3.5% in January-May or above the projections"...

Belarusian commodity exchange starts trading in fruit, vegetables
This is a new project for the exchange, which, on the one hand, will enable processing companies to purchase raw materials they need as quickly as possible, and on the other hand, facilitate domestic producers' access to foreign markets...

Belarus’ farm exports to Egypt up 2.4 times in H1 2021
"Egypt is one of the strategic partners for Belarus on the African continent. Cooperation between our countries in agriculture has been steadily developing"...

Belarus’ MTZ exports up more than 40% in January-July 2021
As for the new markets, in January-July 2021 MTZ supplied tractors to Turkmenistan, India, Yemen, Mongolia, the Democratic Republic of Congo, Mali and Madagascar...

Egypt shows interest in Amkodor equipment
A delegation from Egypt led by Minister of Supply and Internal Trade Ali El-Sayed Ali El-Moselhi, visited Amkodor-Mozha...

Belarus explores measures to help struggling enterprises
The president did not exclude the part of the issues shall be still considered in courts. However, courts will be the ultimate authority, Aleksandr Lukashenko added...

Belarus, Egypt discuss ways to increase mutual trade
The participants of the meeting also discussed the prospects of cooperation in the innovations sector, interaction between the chambers of commerce and commodity exchanges of the two countries, and the organization of joint events...

Belarusian commodity exchange signs MoU with EGYCOMEX
The parties have undertaken to develop cooperation in such areas as electronic exchange trade in strategic types of commodities, to exchange experience in using the exchange mechanism in trade and procurement, to bring new commodities in demand in Belarus and Egypt to the exchange market...

Lukashenko emphasizes importance of local road maintenance
The head of state asked to report to him on the state of affairs in road construction. He noted that all the relevant tasks, from local roads to the construction of new highways, have been outlined in due time...

Belarus ready to promptly respond to restrictions on shipping potash fertilizers via Lithuania
We signed an agreement with the Russian Federation in February. Since February we’ve shipped practically about 1 million tonnes of oil products via Russian ports. Respectively we have an alternative. Those are ports in Murmansk and Leningrad Oblast. These schemes have been tried and tested...