Business news

Belarusian commodity exchange seeks to attract Ukrainian woodworking companies
According to Andrei Novikov, this will help satisfy the increased demand for sawn wood in the Belarusian market and reduce prices for these products for Belarusian consumers...

EAEU to develop measures to counter sanctions
The corresponding proposal of the Belarusian head of state was supported by the leaders of other countries of the Eurasian Economic Union (EAEU)...

Call to set up borrowing mechanisms to finance production chains in EAEU
The president urged to tap into the scientific, technological and production potential of the union more actively. A good example of such cooperation is the EAEU integrated system for the production and provision of space and geo-information products and services...

Belarusian steel mill BMZ plans new deliveries to Italy
During the visit to Trieste major agreements were signed on selling products in 2022, including seamless pipes and round bars meant for automobile engineering and production of bearings...

First 140t BelAZ haul trucks shipped to Ukraine
Three haul trucks are already in use in the mines of the Central Mining and Processing Plant. One truck is into operation at Yuzhny Mining and Processing Plant and has even been nicknamed Atlan...

Belarusian commodity exchange posts 13-fold rise in exports to UK
Belarus’ major exports to the UK were sawn wood of coniferous trees and wood stakes. In January-April, the UK companies bought $9 million worth of these products. The vet-blue semi-finished leather product made from cattle hides was also popular...

Lesdrevtech 2021 forestry exhibition opens in Minsk
The business program is going to be busy. It will include conferences, presentations, roundtables and a fair. The main topics will be production, sale and export of wood fuel, meeting the local demand...

Belarus keen to boost export of construction services to Russia
Belarusian Deputy Prime Minister Anatoly Sivak said as he met with Russian Deputy Prime Minister Marat Khusnullin in Moscow...

BMZ exports up 23% in January-April 2021
The products were shipped to 44 countries. In January-April the growth of 20% and higher was registered in the exports of rebar, constructional rolled products with diameter of 20-80mm, seamless pipes, bronze wire, and steel cord...

Governor: Spring in Gomel exhibition helps unlock companies' potential
“Revealing the potential of enterprises and territories, expanding business contacts, increasing trade and economic exchange are the main goals of the event. The exhibition envisages more than three dozen meetings which demonstrates the relevance and effectiveness of this platform,” the governor said...

Belarusian nuclear power plant’s second unit’s physical launch scheduled for autumn
Work on the second unit proceeds on schedule. As much as 85% of the required construction work has been done. Fuel rod arrays for the second reactor were delivered to the construction site in April. The fuel is now kept in a special storage facility. It will be placed inside the reactor core in autumn...

FEZ Vitebsk resident companies’ export up almost 30% in Q1 2021
This year, they have traded with partners from 62 countries, including 22 member states of the European Union, export to which grew by 21% to almost $47.6 million...

Some 300 applications submitted to China-Belarus youth contest of innovation projects
"Over the past five years the number of Belarusian-Chinese projects has increased by more than 50%. Our scientists supported by the State Committee on Science and Technology and the Chinese Ministry of Science and Technology successfully implement projects in microelectronics, optical and laser technologies, biotechnologies and new materials"...

BelAZ presents new solutions at conference in Kazan
Boris Gorbunov, Head of the Services Department of BelAZ Trading House, spoke about the company’s promising projects at the panel section “Alternative Energy Sources as a Vector of Sustainable Development in Transport”. According to him, BelAZ is busy introducing innovative solutions that will shape the mining equipment industry for years to come...

Plans to launch production of Russian COVID-19 vaccine for animals in Belarus
The Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) is considering setting up an additional production facility to make COVID-19 vaccines for animals at the Belarusian company BelVitunipharm...

Economy Ministry expects Belarus’ GDP to grow by 2.6% in H1 2021
Speaking about the state of affairs in branches of the Belarusian economy, Yuri Chebotar said the pandemic continues having an effect. More than half of the economy demonstrates growth. Those industries are the production sector, wholesale trade, information and communications...

Belarus exports cheese to 26 countries
"Belarus is the world’s fourth biggest cheese exporter after the European Union, the USA and New Zealand. Today we export our cheese to 26 countries and plan to penetrate more markets"...

About 460,000 people on COVID-19 vaccination wait list in Belarus
Belarus is taking all kinds of safety measures to minimize the burden of the COVID-19 infection. All algorithms for providing medical care have been worked out, new treatment protocols have been developed...

Investor from New Zealand to build tourist complex in Belarus
The project is expected to take about two years, the preliminary investment is estimated at $2 million. The investor plans to build several hospitality facilities in the town of Yezerishche. They will have a different purpose but will be united by a common concept...

Prime minister sums up Belarusian economy development results in Q1 2021
"Four out of the six most important targets of the social and economic development forecast have been hit. Q1 2021 saw a foreign trade surplus of $828 million or 5.9% of the GDP. It is a record high figure of the last ten years"...