Business news

Belarus to start full-cycle production of Sputnik V by year-end
“We purchased the Sputnik Light vaccine. Now we are using it quite actively. Its localization will be needed only when it becomes clear that Sputnik Light is widely used and that localization makes economic sense"...

Belarus, Egypt mull over mutual export promotion mechanisms
The parties discussed topical issues related to the development of Belarusian-Egyptian cooperation in trade and finances and stressed a huge untapped potential for its increase...

Belarus tops regional group in Postal Development Report 2021
Belarus’ index of postal development made up 67.4 points, which let the country move up six positions in the rankings compared to the previous year...

Wood pellets worth $1.4m sold to EU in one trading session at Belarusian commodity exchange
"The exchange hosted the largest export trading session in wood pellets this year. Six transactions were made during the session for a total amount of $1.4 million. The buyers were companies from Denmark, Lithuania and Poland,” the press service said...

Belarus might help Russia’s Roscosmos build Vostochny Cosmodrome
As part of the efforts to promote Russia-Belarus economic relations, as well as in connection with the shortage of construction resources in the Far East region, Roscosmos and Belarus discussed possible ways Belarusian construction companies could take part in the construction of facilities of the first and second phases of the Vostochny Cosmodrome...

Belarus’ export exceeds $30bn in January-August
In January-August 2021 Belarus’ foreign trade totaled $58.4827 billion, up by 30.6% year-on-year...

Belarus expects to grow food export to Russia’s Primorsky Krai manifold
Food manufacturers were represented by 11 domestic enterprises, including confectionery, milk processing, meat processing plants...

Belarus, Uzbekistan discuss cooperation in tourism
The parties also discussed the supply of Belarusian sets of wooden houses for tourist and recreational zones of Uzbekistan...

Belarus to take part in BakuBuild 2021 exhibition
Attending the event will be five companies from Belarus, which are to display products and services necessary for the development of the construction industry in Azerbaijan. In particular, Energokomplekt company will demonstrate cable products and wires of various specifications...

Belarus’ Amkodor to ship batch of machines to Russia’s Primorsky Krai
A contract was signed to supply another 15 Amkodor vehicles to one of the business organizations. One more dealer's contract was signed, and Primorye demand in Amkodor special-purpose vehicles for 2022 was discussed...

BKM Holding to ship 20 trolleybuses to Chisinau
According to the contract, trolleybuses of model 321 will be sent to Moldova. The initial assembly will be carried out in Minsk at the BKM Holding plant. The final one will take place at the Chisinau municipal enterprise “Directorate of Urban Electric Transport”...

Plans to incorporate IAEA’s nuclear energy safety principles into Belarusian law
The bill pays close attention to the safety assurance system, which includes the legal base, leadership and culture of safety, state oversight, licensing and permits, expert evaluations and periodical safety evaluations, nuclear security, nuclear materials control and accounting, management of emergencies, and exchange of information relating to the use of nuclear energy...

Lukashenko: Ungrounded price rise is unacceptable
“Therefore, I have instructed, first of all, trade unions, the State Control Committee, the appropriate government agencies and MPs to pay serious attention to this matter, to study prices and make specific decisions. We must hold out and prevent profiteers from taking advantage of the price rise. Otherwise, we will end up having a real revolution. People will not tolerate it"...

Top Belarusian state-owned retailer encouraged to pursue online trade
Aleksandr Lukashenko said: “I don’t compare you with major retailers in Minsk. It is not difficult to bring products to one retail outlet and reap the profits. But not every retailer can reach every small village in the middle of nowhere. But there are solutions for that, too. Look how much the Internet and online trade have developed in the last few years”...

Lukashenko recommends Belkoopsoyuz to promote its own production
“Own manufacturing is a serious reserve for building up the economic capacity and generating additional profits. Moreover, you have your own stores. But let's be honest. Not all of your products are popular. Some products do not sell well,” Aleksandr Lukashenko said...

Great Stone’s new resident company to produce special-purpose trucks
The new resident company – Aksiom Group LLC (Belarus) – will set up a production facility to manufacture special-purpose trucks for agricultural and forestry purposes. The facility will be up and running next year...

Belarus invites Georgia to cooperate in peat industry
Promising areas of partnership were discussed at a meeting of Director General of the state enterprise Beltopgaz Aleksei Kushnarenko and Ambassador Extraordinary and Plenipotentiary of Georgia to Belarus Valeri Kvaratskhelia. Aleksei Kushnarenko spoke about peat uses in Belarus, including in the cement industry...

Vice premier: Belarus values relations with Georgia
"Relations with Georgia are very needed and important. We should be friends. Trade has been growing in these difficult days of the pandemic and political turbulence. Exports from Georgia and Belarus have been on the rise. We have several projects – Dairy plant, Mogilevliftmash"...

ENSREG to approve report on peer review of action plan on BelNPP’s stress tests in November
According to Oleg Sobolev, the experts are evaluating how Belarus has responded to the proposals made at all stages of the stress tests, how their recommendations are reflected by the national action plan, and how the plan’s implementation is going on. The peer review included two phases...

Belarus, Russia’s Perm Krai seek cooperation in oil and gas sector, industry
The parties considered opportunities for expanding trade and economic cooperation between Belarus and Perm Krai in the oil and gas sector and industry. The speeches and presentations were followed by more detailed bilateral negotiations...