Business news

Belarus, Russia’s Rostov Oblast outline cooperation priorities through 2023
Areas for further work are outlined in the protocol on the development of cooperation between Rostov Oblast and Belarus for 2021-2023. It is a comprehensive document, which includes activities in the foreign economic activity, industry, agriculture and food, architecture and construction, housing and utilities services, public transport, education and culture. The procedures to sign this protocol in absentia are underway...

Belarus, Russia’s Altai Territory interested in expanding trade, economic cooperation
In his words, Altai Territory’s agriculture demonstrates high performance. “The region accounts for one third of the arable land of the entire Siberian Federal District. Altai Territory ranks second in terms of the area under cereals and leguminous crops. These are significant figures,” he pointed out...

Agreement on transshipping Belarusian oil products via Russian sea ports ratified
The bill’s adoption will allow organizing cooperation with Russian commercial entities in shipping and transshipping oil products originating from the Republic of Belarus and will enable the export of Belarusian oil products...

Belarus’ HTP export up by 25% to exceed $2.3bn in January-September
In Q3 2021, the export of services by the HTP resident companies amounted to about $764 million, up by $160 million year-on-year. Thus, in January-September the HTP export already exceeded $2.3 billion, up by 25% year-on-year. Today, this figure accounts for a third of Belarus’ total export of services...

Belarus, Bashkortostan interested in cooperation in land and property relations
Natalya Polyanskaya responded that this visit is important from several points of view. “Belarus is a friendly country for us. We are interested in Belarus’ best practices in developing and running a uniform policy in land and property relations. We would also like to study the system of state property accounting and control,” the minister said...

Belarus’ ambassador discusses cooperation prospects with Chinese businessmen
The ambassador suggested considering the implementation of joint projects in Belarus and China...

Import substitution seen as key tool to counter sanctions
About 170 import-substitution projects worth almost Br13 billion in investment have already been proposed...

Call for tighter manufacturing cooperation ties between Mogilev Oblast, Russia’s Altai Territory
The official said that Mogilev Oblast traditionally maintains tight and friendly relations with all the regions of the Russian Federation...

Russia’s Bashkortostan eager to assemble more Belarusian tractors, interested in UAVs
The Bashselkhoztekhnika enterprise assembles Belarusian wheeled tractors in Bashkortostan. But the Russian region desperately needs tracked tractors now...

Russia’s Bashkortostan, Belarus urged to build on momentum for closer cooperation
We love Belarus and your people very much. If we fail to build on the momentum for closer cooperation, we will fall behind other competitors. That is why it is very important that we are paying a visit right now,” said Radiy Khabirov...

Belarus’ food export up by 14.1% in January-October 2021
Belarus supplied food to 106 countries in January-October. Export to the CIS countries, including the Russian Federation, increased by 10.4%, to Asia and Oceania - by 33.4%, the EU - by 41.4%, the Americas and the Caribbean - by 56.5%, Africa - by 9.7%. Belarus’ food export to the People's Republic of China surged by 32.9%...

Belarus, Turkey to discuss draft agreement on free trade in services
According to expert estimates, the agreement on free trade in services with Turkey will enable Belarus to increase export of services by 3.8%...

Belarus announces measures in retaliation to Western sanctions
The government of the Republic of Belarus has banned the import of a number of goods originating from the states applying the illegitimate anti-Belarusian sanctions...

China-Belarus industrial park Great Stone eager to attract major investors
The document also specifies that at least 170 companies are supposed to reside in the China-Belarus industrial park Great Stone by 2025...

Contracts on oil delivery to Belarus in 2022 ‘practically signed’
Dmitry Krutoi said: “As much as this year. The state budget specifies a more conservative scenario – as much as 12.5 million tonnes will be processed. But the target is 16-17 million tonnes. Some will be delivered by rail and some by pipelines. This is why the two Belarusian oil refineries will be fully supplied with oil next year. There are no issues with that”...

Belarus’ trade performance best in 7-8 years
“And if we leave out one year, then, probably, over the past 15 years. This is really an achievement of the Belarusian economy. However, this was not done in government offices. It was a smooth teamwork of all economic operators – from workers who produce goods, to ministries and departments, industry regulators,” the prime minister said...

Belarus to introduce counter-sanctions against West soon
"The list will be long enough. These will not be so-called asymmetric or formal measures. These will be economic measures in response to the pressure put on us"...

Lukashenko urges to step up performance discipline, execute decisions immediately
Aleksandr Lukashenko stressed it is necessary to endure whatever the cost in the face of confrontation with the collective West...

Belarus' foreign trade surplus exceeds $2.7bn in January-October 2021
According to Aleksandr Lukashenko, the results of January-October show that the country’s gross domestic product increased by 2.4%. There is a 7.1% increase in industrial output virtually in all subindustries...

Lukashenko urges government to be more frugal
"It should be remembered that people do not care about figures and indicators. Our citizens are concerned about salary, work, prices. In this context, I would like to know whether we have planned enough measures in the areas I supervise," the head of state addressed the participants of the meeting...