Business news

Timber export to China via Belarusian Universal Commodity Exchange in full swing
According to BUCE Press Secretary Roman Yaniv, special trade sessions have become an effective tool for encouraging Chinese companies to use BUCE. As many as 45 Chinese companies are accredited with BUCE now. Many of them are major importers, which can always get a batch of timber of the necessary volume thanks to exchange trade...

Belarus’ economy minister: Current situation is a challenge for new opportunities
“Serbia is a key partner of Belarus in the Balkan Peninsula. We already have points of contact that need to be scaled up. They are, for example, trade cooperation, investments and the social sector. Belarus has a lot to offer to investors, including an attractive working legislation, special preferential regimes, FEZs, the Great Stone Park, and many other things,” said Aleksandr Chervyakov...

Belarus' GDP up 3.1% in January-May 2021
According to initial estimates, the GDP amounted to Br63.6 billion in current prices, up by 3.1% in comparable prices year-on-year...

New company in China-Belarus industrial park to focus on driverless transport R&D
OOO Great Stone Technologies (People’s Republic of China) will focus on R&D in the sphere of driverless transport. The company intends to cooperate with the National Academy of Sciences of Belarus and with Belarusian mechanical engineering organizations...

Total investments in China-Belarus industrial park Great Stone past $670m
The official said that at present 70 resident companies from 13 countries actively invest their financial resources. Their industrial output stands at Br233.5 million...

Method to quantify lung damage in COVID patients developed in Gomel
Based on clinical data (degree and duration of hyperthermia in patients), the method allows calculating the expected degree of lung damage...

Orsha Artware Factory to merge with Orsha Linen Mill
The future of the enterprise was the main issue on the agenda during the visit. The head of state was informed about the proposal of Belwest to buy this factory and organize footwear production there...

Lukashenko urges rational approach to modernization of Orsha Meat Canning Plant
"We need a smart approach. First of all, you need to think whether you need these grounds in the future or not,” Aleksandr Lukashenko stressed. “We can turn this place around. The baby food workshop, as I have been told, is good. Let's keep strong walls, mount the equipment, if necessary, and put veverything to good use. We need to approach this thriftily, smart," he said...

Belarusian MMZ to showcase engines, other products at Innoprom 2021 in Russian Yekaterinburg
All branches of the production sector will be represented at Innoprom 2021. MMZ will showcase its products as part of the collective stand of Belarusian mechanical engineering companies...

Belarus takes part in InterFood expo in Baku
Belarus. The Taste of Nature exhibition featured novelties from 16 Belarusian producers of meat, dairy and confectionary products, drinks and equipment for food production. Attending the event were Belarusian brands, many of which are already well known to Azerbaijani consumers...

Belarusian BelAZ ships heavy-duty truck to Russian steel mill
According to the source, the BelAZ-79211 truck is a new product in the lineup of utility vehicles made for the Russian company. The truck is designed for convenient and safe handling on premises of a steel mill...

Belarus’ Development Bank to finance supply of Belarusian farm machines to Mongolia
This is the third individual credit facility extended within the framework of the Belarus-Mongolia intergovernmental agreement on export loan signed in April 2019...

Belarusian linen supplies to China discussed
Attending the meeting were representatives of 8 Marta Company on Belarus’ behalf and representatives of Zhong Di Investment Management Co. Ltd on China’s behalf...

Lukashenko visits Orsha Aircraft Repair Plant
Orsha Aircraft Repair Plant is Belarus’ leading enterprise specializing in major overhaul and modernization of Mi helicopters, equipment and systems for various types of aircraft, and maintenance of IL-76 aircraft...

Belarus, Russia's Orenburg Oblast to expand cooperation in construction sector
“For several years, the Architecture and Construction Ministry has been working closely with Russian partners in the field of building materials production. Today we see positive results, which allow us to get quality and competitive products and, most importantly, use them them construction projects in the two countries," said Oleg Shvets...

Presidential decree on development of China-Belarus industrial park signed
The decree gives the park’s administration more independence by means of transferring additional functions from municipal authorities with regard to the implementation of administrative procedures. The decree also expands the types of business the industrial park welcomes, provides support for startups and offers preferential terms for major investment projects with the volume of investments at least as large as $50 million...

Lukashenko, Sheiman discuss development of Orsha District
The meeting focused on issues which are monitored by the Property Management Directorate. Following the instruction of the head of state, Viktor Sheiman analyzed the state of affairs in Orsha District and at enterprises in the region. Aleksandr Lukashenko asked him to report on the current state of affairs. “It was a pilot project. Eleven big Belarusian cities are following suit”...

Mogilev Oblast plans to sign contracts worth $132m at Belarus-Russia forum of regions
"Mogilev Oblast is preparing for the 8th Forum of Regions of Belarus and Russia. Local enterprises expect to sign export contracts with Russian partners worth a total of over $132 million"...

Belarusian commodity exchange to step up cooperation with Russia’s Pskov Oblast
The forum brought together agricultural and woodworking enterprises and major manufacturers of industrial and consumer goods...

Belarus, Sudan discuss cooperation in industry, agriculture
Ambassador Sergei Terentiev and Undersecretary of the Ministry of Foreign Affairs Mohammed Sharif Abdallah approved the list of high-level bilateral events for 2021, which includes the fifth session of the joint Belarusian-Sudanese commission on cooperation and political consultations at the level of deputy foreign ministers...