Business news

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...

Belarus' export up by 32% to $39.5bn in January-October
In January-October 2021 Belarus' foreign trade totaled $75.722 billion, up by 30.6% year-on-year...

Putin backs Lukashenko up on tighter manufacturing cooperation in Eurasian Economic Union
While speaking during the session of the Supreme Eurasian Economic Council earlier on 10 December, Belarus President Aleksandr Lukashenko said it is necessary to invigorate manufacturing cooperation in order to jointly make new products that will sell well on the world market...

PM: Belarusian households, enterprises will not feel impact of counter-sanctions
According to him, when compiling the lists of embargoed commodities, first of all, the government proceeded from the capabilities of domestic manufacturers...

PM: Sanctions will be offset by Belarus’ greater presence in Russia, Asia, Africa
The government made production and export projections across majors commodities. For example, the export of buses is expected to increase by 50%, that of trucks by more than 10%, cars by 40%, ferrous metals by 12%, woodworking products by 8%. In general, the foreign trade surplus is projected at up to $3 billion...

PM: Belarus shows resilience to economic challenges
"We honor all social obligations and guarantees. The number of people employed in the economy, the unemployment rate stay within the forecast parameters. Real disposable incomes of the population increased by 2.6%, and real wages - by 4.8%"...

Belarus attends Wuxi International Sister Cities Forum
The Belarusian diplomat called on Chinese partners to make a full use of the potential of interregional trade, economic and investment cooperation to increase the supply of Belarusian food products, set up more joint ventures, including in the Chinese-Belarusian industrial park Great Stone...

Priorities in development of Belarusian regions discussed at entrepreneurship forum
The forum has been organized in association with the Belarusian Economy Ministry and the Mogilev Oblast Executive Committee within the framework of the UNDP project Support to Economic Development at the Local Level in the Republic of Belarus. The project is being implemented with financial assistance of the European Union...

Belarus-Azerbaijan cooperation discussed in Minsk
“We are also working on a number of areas, including construction and urban planning. There are contractual documents between our design institutes to make plans for the development of cities in Azerbaijan. I hope that the next meeting of the intergovernmental commission will be held in the very near future. In my opinion, we need to intensify the participation of Belarusian organizations in the restoration of Azerbaijan infrastructure,” the prime minister said...

Senator: Belarus seeks closer economic ties with Oman
“Next year, our countries will celebrate the 30th anniversary of the establishment of diplomatic relations. In this regard, establishing direct contacts to exchange experience and views on issues of mutual interest between the working groups of parliaments is particularly relevant,” Sergei Rachkov said...

Belarus-Russia Union State cooperation discussed
“As for the area I supervise, everything that is set within the framework of the Union State, including two Union State programs on tourism and unification in social and labor sector, is successfully implemented. We had begun working out appropriate approaches even before the programs were approved,” Igor Petrishenko said...