Business news

Belarus-Armenia trade up by 2.5 times over past five years
In January-September 2021 Belarus’ major export items were dairy products, furniture, computers for automatic information processing and medicines...

5bn kWh of electricity generated by Belarusian nuclear power plant’s first unit so far
"The unit generates about 28 million kWh of electricity every day or about 25% of the total amount of electricity Belarusian power plants generate every day"...

Belarus’ central bank eager to switch to inflation targeting fast
"Inflation targeting will help reduce inflation, stabilize inflation expectations, and build up trust in the Belarusian ruble"...

Belarus seeks to increase food export to China up to $1bn
“Much attention is paid to company certification and building up exports to the People’s Republic of China. By the end of the five-year period, our sales on the Chinese market are expected to reach $1 billion. Today we mostly supply beef, poultry, milk and dairy products to China,” said Ivan Krupko...

Belarus-Uzbekistan trade grows sevenfold over five years
The Belarusian delegation took part in a series of events in Tashkent in the run-up to the opening of the UzAgroExpo agricultural exhibition and the UzProdExpo exhibition of food industry and food products, where Belarus will run its national pavilion. Thus, prior to the exhibitions the Uzbekistan-Belarus working group on agriculture and food industry held a meeting, and representatives of exhibiting companies visited retail chains of Uzbekistan...

Agreements signed in Dubai to advance Belarus’ cooperation with foreign partners
BelTA reported earlier that Prime Minister of Belarus Roman Golovchenko took part in the solemn opening ceremony of the Belarusian Investment Forum on 22 November...

Business conditions in China-Belarus industrial park Great Stone praised
Top officials of the park administration presented the park’s investment opportunities before participants of the event, including significant preferences available to residents and investors, the well-developed infrastructure, the one-stop services, and access to major target markets...

Belarus discusses cooperation with Middle East, Persian Gulf at EXPO 2020
"Today's investment forum is also aimed at establishing new business connections, new contacts, working out the areas of possible economic cooperation not only with the UAE but also with all the countries in the region"...

PM: Belarus seeks closer cooperation with UAE in trade, investment
Belarus has steadily increasing the export of goods and services to the UAE and other countries of the region. Belarus’ main exports include products of petrochemical processing, wood processing, food products and various types of equipment...

Lukashenko suggests building wood processing enterprises in Grodno Oblast
Aleksandr Lukashenko inquired how the regional economy is doing, especially in the face of sanctions pressure from the West. "They have imposed the sanctions against us. They are trying to strangle us economically, trying to tighten the noose around us. So what's the situation? What kind of support is needed?" the president asked...

Belarusian Belgospischeprom taps into 13 new markets in 2021
"Last year we expanded into new markets 20 countries. All in all, we shipped our products to more than 70 countries in 2020. This year we tapped into 13 more markets, including the UAE, Saudi Arabia, South Africa, Nigeria and others. These are the markets we had never been present. Last year, we tripled the export to the Chinese market. This year the growth is already 30%," Anatoly Buben said...

PM: Belarus is working hard to mitigate impact of sanctions for economy, households
He emphasized that economic sanctions on Belarus have been in effect for a long time, especially the sanctions against Belarus’ industry giants...

Belarus seeks to increase trade with Azerbaijan
The minister suggested increasing the supply of Belarusian food, engineering products, construction materials and other goods to Azerbaijan. Aleksandr Chervyakov emphasized the potential for cooperation in the services sector: tourism, logistics, trade, construction, and in particular, the participation in the construction of social facilities in Azerbaijan...

Belarus-Kazakhstan economic cooperation discusssed
“Our relations are quite vibrant. We look forward to an official visit of the president of Kazakhstan to Belarus in 2022, and I believe that by that time the two countries will have reached good results, especially since our mutual trade trends are good, trade is on the rise, and both Belarusian exports to Kazakhstan and Kazakhstan’s exports to Belarus have been increasing. This shows that our foreign trade is balanced,” said Roman Golovchenko...

Belarus-Kyrgyzstan economic cooperation discussed
Roman Golovchenko said: “Kyrgyzstan is a friendly country for us. We are glad to resume full-fledged cooperation taking into account economic capabilities and the potential of our countries. I am glad that there will be a dialogue not only between the central governments but the regions, too. Belarus-Kyrgyzstan trade is on the rise and close to $70 million"...

Belarus to debut at Middle East Organic and Natural Product Expo in Dubai
The expo will focus on five natural market segments such as Food & Beverages, Health, Beauty, Living and Environment...

Development of draft agreement on Belarus-Russia joint electricity market discussed
Matters concerning cooperation in the sphere of power engineering within the framework of the Union State of Belarus and Russia and the Eurasian Economic Union were discussed. In particular, economic aspects of parallel operation of the Belarusian and Russian electricity markets were discussed...

Belarus’ food export projected to exceed $6bn in 2021
In January-September 2021 Belarus’ food export rose by 12.6% to exceed $4.7 billion...

Defense ministries of Belarus, Uzbekistan approve plan of cooperation for 2022
The parties discussed the state of bilateral military cooperation and outlined ways to intensify it in areas of mutual interest, and also approved a plan for bilateral cooperation between the defense ministries of Belarus and Uzbekistan for 2022...

Minsk Automobile Plant taking part in ITIF Asia 2021 expo in Pakistan
The MAZ representatives introduced visitors to the company’s assortment rage, technical specifications of trucks and buses, as well as financial instruments to buy and sell these products in the Asian market. During the exhibition, heads of commercial services of Minsk Automobile Plant held negotiations with local companies to discuss cooperation opportunities and a possibility to increase the supply of vehicles...