Business news

Belarusian-Russian united electricity market to start working as from 2024
An interstate agreement on setting up the united electricity market of the Union State of Belarus and Russia is in development now. The relevant organizations are working out terms of interaction for sellers and buyers of electricity and matters concerning the development of infrastructure...

Readiness of second unit of Belarusian nuclear power plant at 95%
"Since the first unit was connected to the power grid, the nuclear power plant has generated 5.7 billion kWh of electricity, which allowed substituting 1.6 billion m3 of natural gas. It is 2.5 times as much as the amount of electricity the country’s petrochemical complex consumes per year"...

Major exporters of Russia’s Ryazan Oblast seek closer ties with Belarusian companies
The parties discussed the supply and sale of products of Belarusian companies in Ryazan Oblast. Representatives of Russian companies operating in the Belarusian market expressed interest in further work with Belarusian companies to expand sales markets...

Belarus, Russia eager to intensify R&D cooperation
The seventh session of the commission on forming the common R&D space of the Union State of Belarus and Russia was held using videoconference technologies...

Belarusian biotechnology corporation makes first export deal at Belarusian commodity exchange
Previously, BNBC used the exchange platform exclusively to purchase raw materials and to sell its products domestically. The buyer of the pilot batch of L-lysine sulfate was a company from Russia...

Beltamozhservice, Pakistan’s Bridging Trade International sign agreement on cooperation
The document was signed by Director General of Beltamozhservice Vadim Babarikin and the owner of Bridging Trade International. Ambassador Extraordinary and Plenipotentiary of Pakistan to Belarus Sajjad Haider Khan attended the ceremony...

Belarus' GDP up 2.3% in January-November 2021
In January-November 2021, the GDP deflator index equaled 115.7% as against the same period of 2020...

Poll: Over 70% of Belarusians against West’s sanctions
Sergei Musiyenko, director of the EcooM think tank, told the media as he commented on the results of the opinion poll "Belarus. A Vision of About the Future”...

Lukashenko orders to give the green light to domestic companies
“Nobody will let us live a quiet life because we are fighting for our land and for the right to call it ours. Therefore, now more than ever, we need to mobilize all resources - manufacturing, technology, finances, intellectual resources, so that our people and our foes alike will see that we are an established state,” the Belarusian leader emphasized...

Belarus passes legislation to promote green economy
Among the priority areas of the green economy development in Belarus will be the promotion of sustainable consumption and production, the advancement of a circular economy, the production of organic products, fostering eco-tourism and agro-eco-tourism, promotion of smart and energy-efficient cities, electric transport...

Belarus, China discuss cooperation prospects
The parties discussed the state of Belarus-China relations and plans to hold bilateral events at high and highest levels...

Lukashenko urges to find new growth points in Vitebsk Oblast
According to Aleksandr Lukashenko, the capacities of the petrochemical industry should give an impetus to the production of polymer and construction materials...

Belarus-Moscow cooperation discussed in Minsk
In January-October 2021, Moscow ranked second among the regions of Russia in terms of exports of Belarusian goods. Trade amounted to $3,734.6 million (up by 27% year-on-year ). Exports totaled $2,478.9 million (up by 28.3%), imports came to $1,255.7 million (up by 24.5%)...

Lukashenko emphasizes importance of defending national interests
Aleksandr Lukashenko stressed it is important not to lag behind in investments and the development of the production sector. “If our investments lag behind, that’s it. We have no oil, the pipe doesn’t pump, we have no gas,” he said. “This is why everything depends on us"...

Lukashenko talks about investment appeal of Mogilev Oblast
“If investments are available, then new enterprises will be set up, then there will be growth. If there are no investments, there will be no growth. And there are opportunities for making investments"...

Belarus' MTZ to ship 4,500 tractors to Pakistan in 2022
According to the results of negotiations in Karachi, Shanzad Trade Link, the current official dealer of MTZ, undertook to develop sales of BELARUS tractors and spare parts. Plans are in place to sell some 3,000 tractors next year...

Belarus negotiating to start making other Russian COVID-19 vaccines
"We have complete understanding in this regard. Second, we have a common base of fundamental scientific studies. Third, we have experience. Even vaccine bottling already means technology transfer, which has to go through rigorous preliminary stages. All of them have been passed successfully"...

Belarusian Bellesbumprom’s exports to increase by $250m in 2021
“This year the concern will add at least $250 million through exports. We will also increase the number of countries we export to,” Mikhail Kasko said. He added that some 80% of the total output is exported...

Bashkortostan seeks deeper economic integration with Belarus
Speaking about the results of the business mission to Belarus, Radiy Khabirov said that a number of agreements were signed. “We visited very famous Belarusian company AMKODOR that manufactures municipal, road construction and forestry equipment. When forming the budget for next year, we have already included in it resources to buy municipal equipment and road construction equipment"...

Belarus’ NAIP signs cooperation memorandum with Korean partners
In line with the document NAIP and KOTRA intend to assist each other with the organization of meetings and exchanges of delegations of business circles, with establishment of direct contacts between companies, which are registered and operate in Belarus and South Korea...