Business news

Belarus' gold, forex reserves up by 0.4% to $7.4bn in July
In July 2021, the country's gold and foreign currency reserves went up by $33 million (by 0.4%) following the June decrease of $353.7 million (4.6%)...

Belarus seeks to boost exchange trade with Kazakhstan
The conference discussed ways to step up exchange trade between Belarus and Kazakhstan, as well as a possibility to arrange transit transactions between Kazakhstan’s exporters and buyers from third countries...

Belarus’ export to Uzbekistan up by 29.7% in January-June 2021
In January-June 2021, Belarus-Uzbekistan trade totaled $137.3 million, up by 25% year-on-year...

Ambassador: Belarusian commodity exchange offers great opportunities for Belarus-Pakistan trade
According to the Pakistani diplomat, in the context of the ongoing pandemic, online exchange trading can give an impetus to the Belarus-Pakistan trade and economic cooperation and provide a fertile ground for strengthening business ties between business entities of the two countries...

Minsk Mayor, Chinese ambassador discuss cooperation prospects
The parties focused on joint trade and economic activities. In January-May 2021, the trade between Minsk and China amounted to $730.6 million vs. $613.8 million in the same period a year before...

BUCE arranges first transaction to sell lumber from EU in Belarus
Thus, in the course of weekly trades, a Lithuanian company sold 300 cubic meters of roundwood of coniferous species worth €45,000 to a Belarusian woodworking enterprise...

Serbian company to help NAIP attract Balkan investment in Belarus
The parties agreed to exchange information free of charge, cooperate in searching for potential investors, consult them and together organize necessary meetings and negotiations...

Belarusian Amkodor eager to make agricultural machines in Russia’s Leningrad Oblast
Chairman of the Board of the holding company Amkodor Aleksandr Shakutin visited Leningrad Oblast and met with Governor Aleksandr Drozdenko...

BUCE closes first deal to export Belarus’ dried milk to Ukraine
Earlier, Ukrainian companies mostly purchased scrap metals, building materials, flour and plant seeds at BUCE, and showed no interest in Belarusian dairy products...

Brest Oblast exporters find three new target markets
The new markets were found in South America, North and East Africa. The first batch of glazing putty was shipped to Bolivia, Libya bought milk powder, and Uganda imported electric transformers...

Belarusian Bobruiskagromash to sell major batch of agricultural machines to Poland
Chairman of the Board of the Polish company MTZ Belarus Tractor Sp. Z o.o. Dmitry Adamovich visited Bobruiskagromash in late July...

Belarus to raise export duties on oil, petroleum products on 1 August
In line with the document, the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils will be $67.8 per tonne ($61.5 previously)...

Lukashenko urges to speed up harvest campaign
It is necessary to speed up the harvest campaign, Belarusian President Aleksandr Lukashenko said as he met with government officials to discuss topical issues of the social and political situation on 30 July...

Lukashenko urges to build up internal reserves despite sanctions
"We should not allow a decrease in output and sale of industrial and agricultural products. This is the essence of our counter-sanctions"...

IRENA releases Belarus’ renewables readiness assessment review
Belarus’ Renewables Readiness Assessment report by the International Renewable Energy Agency (IRENA) was launched online on 29 July...

Belarus gets $20 million from OPEC Fund
A reminder, in line with the agreement, the loan will be used to boost Belarus’ healthcare system, to build capacity of the country’s public health and mitigate risks related to COVID-19...

Belarus’ social, economic development program for 2021-2025 passed
The key goal of the program is to ensure stability in the society and growing welfare of citizens by means of modernizing the economy, building up the social capital, creating comfortable conditions for life, work, and self-realization of individuals...

BUCE reports 3.5-fold increase in transit transactions in 2021
This year, most of the transit transactions were in timber products, industrial and consumer goods...

Industrial cluster based on Svetlogorsk Pulp and Board Mill suggested
In his words, it is necessary to surround the manufacturer with smaller private and state-run enterprises. They will make customized products in small and medium-sized batches using the main raw materials – bleached and non-bleached pulp...

Lukashenko outlines priorities for Belarusian Oil Company
The president outlined his vision for the Keramin company as he addressed the company’s Director General Dmitry Petrusha...