Business news

Lukashenko: Export growth can build public trust in ruble, bank deposits
“We should not miss the opportunity to assert ourselves. If we increase foreign exchange earnings, we will have a strong Belarusian ruble. The population will stop being cautious and will put their money on bank deposits or invest in bonds,” Aleksandr Lukashenko said...

Belarus, Russia’s Astrakhan Oblast sign joint action plan for 2022-2024
“We consider Astrakhan Oblast as a consistent and reliable partner. We have significant economic potential for further development of mutually beneficial relations. Moreover, the signed action plan for 2022-2024 will give a new impetus to the bilateral cooperation and let us identify steps to further deepen cooperation in the most significant and strategic areas,” said Aleksei Lyakhnovich...

Lukashenko contemplates privatization of Belarusian state-run enterprises
“Modernization, manufacturing improvement, and the target market are the key. We will set up the joint venture, polish the target markets, and take a look at modernization. Russia is richer, it can lend money to MAZ so that it could get better and catch up in some areas,” the president noted. “You may have to catch up to MAZ’s standards in some parts and MAZ may have to catch up to KamAZ’s standards. And modernization is necessary"...

PM: Belarus intends to advance economic ties with Russian regions
"Direct ties with the Russian regions are part and parcel of foreign policy. We have long been working with Russian regions on the basis of direct agreements, action plans and cooperation programs. This long-term practice, of course, yields great results," Roman Golovchenko said...

Russia’s Astrakhan Oblast eager to facilitate Belarus’ export to Southeast Asia
Igor Babushkin said: “We believe that it is a good offer for exporting Belarusian goods to Southeast Asia because it significantly accelerates transit along this international transport corridor”...

Governor: Astrakhan Oblast and Belarus have enjoyed many years of partnership
In January-September 2021 the trade between Belarus and Russia’s Astrakhan Oblast amounted to $23.1 million, up by almost 29% year-on-year...

Lukashenko: Belarus, Russia to hold military exercise on Belarus-Ukraine border
"We are still making plans, but the first stage will definitely be held in the winter. Everything is ready for this,” the president said. “They will certainly huff and puff over there but we will conduct the exercise. We will be reinforcing that part of the border"...

Lukashenko comments on prospects of Belarus-Russia single currency
"When Yeltsin and I signed the agreement, we meant that it would not be a Belarusian ruble or a Russian ruble, but some other currency. Yet, since our currency is called a ruble, and your currency is also called a ruble, why should we invent something else and call the single currency a thaler or something. Yes, it will be a ruble,” the president said...

Belarus’ losses from Western sanctions described as minuscule
He noted that enterprises in Belarus did not go into lockdown during the pandemic. "We did not stop the economy, and we were lucky in that regard," Aleksandr Lukashenko said, explaining that Belarusian producers got a chance to tap more into foreign markets at a time when other countries were on lockdown...

Protocol on Russian natural gas prices for Belarus in 2022 signed
The price Belarus will pay for natural gas in 2022 has been set taking into account this year’s terms - $128.52 per 1,000m3...

China-Belarus Industrial Park Great Stone presented for foreign diplomats in Moscow
According to the diplomat, Belarus has developed a comprehensive system of support and preferences for investors...

Enterprises of Russia’s Leningrad Oblast eager to sell confectionery, furniture via BUCE
These Russian goods will be sold via the digital B2B platform of the Belarusian Universal Commodity Exchange where similar products are already traded. In particular, deals to sell office furniture, food, and various kinds of packaging are made virtually every week...

Belarus, IAEA to sign 2022-2027 framework cooperation program soon
Sergei Aleinik and Hua Liu noted that the International Atomic Energy Agency’s technical cooperation program represents an effective tool for spreading cutting-edge practices, for providing technical and expert support to the countries that peacefully use nuclear technologies. They also stated Belarus’ active participation in the program...

Belarus' export of computer services up to $2.2bn in January-September 2021
Computer services accounted for 29.4% of Belarus' total export of services in January-September 2021. Computer services rank second to transport services in terms of the export volume...

Belarusian Krichevtsementnoshifer to refresh product range by 70% in January 2022
Krichevtsementnoshifer will refresh the product range due to transition to a new cement manufacturing standard. For instance, the product range will include the new straight cement Tsem-0. It will be the highest quality product...

Stage 5 engines of Belarusian MMZ to be tested in Germany
The Belarusian company started designing Stage 5 engines in 2018. The engines are compliant with this environmental standard thanks to fuel equipment and an advanced exhaust gas purification system...

Belarus, Russia reconcile plans to create common markets of gas, electricity
“As far as the gas sector is concerned, our Russian partners and us have to determine the fundamental principles of operation of the unified market and to ensure the convergence of working conditions for our enterprises,” Viktor Karankevich said...

Belarus, Armenia seek to increase mutual trade
"The main priorities in Belarus-Armenia trade and economic cooperation are to strengthen the positions of Belarusian and Armenian exporters in the markets of our states, to expand the distribution network, and to advance cooperation in agriculture, science and technology"...

Belarus, Serbia seek closer cooperation in science, technology
During the meeting, the parties discussed topical areas of bilateral cooperation, the results of joint projects in science and technology and also the interaction between Belarusian and Serbian scientists...

ENSREG report on peer review of action plan on Belarusian nuclear power plant stress tests okayed
Out of the 22 recommendations formulated by the 2018 ENSREG report 17 recommendations have been fully implemented and can be considered fulfilled. Actions relating to five recommendations are being taken and correspond to the essence of the recommendations. The Belarusian regulatory authority and the nuclear power plant’s operator implemented some actions faster than announced in the original plan...