Business news

China-Belarus Industrial Park Great Stone plans to cooperate with Kyrgyzstan’s Naryn FEZ
On 15 September 2021, Ambassador Extraordinary and Plenipotentiary of the Kyrgyz Republic to the Republic of Belarus Ermek Ibraimov toured the Great Stone park. The park administration told him about the history of the project, the benefits offered to companies registered here, as well as the operation of resident companies...

Government program to guide Belarus’ innovative development in 2021-2025 adopted
The program was worked out taking into account the experience of realization of a similar program in 2016-2020. That program resulted in the commissioning of 74 new manufacturing enterprises, with the output of innovative products close to Br6 billion, the share of innovating industrial organizations exceeding 26%, and the volume of export of science-intensive and high-tech products as high as $14.2 billion...

Ambassador: Belarus will continue developing economic ties with Afghanistan
According to the diplomat, last year Belarus' trade with Afghanistan was considerably bigger than, for instance, with Pakistan. This year the volume of trade should reach $220 million...

Belarusian nuclear power plant to substitute about 4.5bn m3 of natural gas every year
Belarusian Deputy Energy Minister Denis Moroz made the statement in an interview with the Energetika Belarusi [Energy Industry of Belarus] newspaper...

Belarus, Venezuela to intensify trade, economic cooperation
This matter was discussed at an online meeting between Deputy Chairman of the Belarusian Chamber of Commerce and Industry (BelCCI) Denis Meleshkin and Vice President of Venezuela Foreign Trade Bank (Bancoex) Juan Freer...

BUCE conducts $500,000 worth of transactions in Belarusian leather goods
This trading session has been the largest this year so far. Regular trading in tanned semi-finished products for export has been held on the exchange floor since 29 April...

Budpragres 2021 expo features over 50 companies from five countries
Taking part in the event are companies from Belarus, India, Latvia, Russia and Ukraine...

BUCE to increase volume of transactions with foreign lumber
As of 14 September the Belarusian Universal Commodity Exchange introduces lumber, a new commodity group in the trade of timber to the foreign market, by non-residents of Belarus...

PM: Belarus, Russia working out potash fertilizer transportation scheme
The prime minister explained that it is much more difficult to transport potash fertilizers than petroleum products because of their larger volume...

Belarus' export up by 32.2% to $26bn in January-July
In January-July 2021 Belarus' foreign trade totaled $50.27 billion, up by 30% year-on-year...

Belarus, Russia reconcile joint response to Western sanctions
The relevant arrangement is specified by the joint statement of Prime Minister of Belarus Roman Golovchenko and Prime Minister of Russia Mikhail Mishustin on the current progress and further steps on advancing integration processes within the framework of the Union State of Belarus and Russia...

Belarusian commodity exchange posts 1.5-time increase in prices for rapeseed oil
According to BUCE, since the beginning of the year the price for rapeseed oil sold for export via BUCE has increased almost 1.5 times, which generated $600,000 in additional revenue for domestic producers...

Belarusian Light Industry Association to cooperate with Russia's Soyuzlegprom
The Belarusian Light Industry Association and the Russian Union of Entrepreneurs of Textile and Light Industry (Soyuzlegprom) have signed a memorandum of cooperation during the international exhibition of fabrics and textile materials Interfabric 2021. Autumn, which is underway in Moscow...

Belarus to get over $600m as credit support from Russia by late 2022
President of Russia Vladimir Putin made the statement after negotiations with Belarus President Aleksandr Lukashenko in Moscow on 9 September...

Putin: Belarus and Russia have agreed to pursue a common macroeconomic policy
The sides also agreed to work out common methods for harmonizing all the indirect taxes. A body may be set up in the future to control these processes...

Next year’s price for Russian natural gas for Belarus unchanged
"A document will be signed by 1 December 2023 on creating the common natural gas market within the framework of the Union State of Belarus and Russia"...

Fifty dual-mode trolleybuses delivered for Ukraine's Kharkov
The diplomatic mission noted that the passenger vehicles have been assembled on the basis of the Belarusian body MAZ-203T at the Polytechnoservice assembly plant in Brovary, Kiev Oblast...

Belarus to take part in Armenia Expo 2021
The Made in Belarus exposition will feature 11 Belarusian manufacturers that will exhibit the best latest products adapted to the preferences and needs of Armenian consumers...

Belarus-Russia passenger transportation by rail expected to reach pre-COVID levels
The prime minister of Belarus and the Russian Railways head also discussed the development of the transit potential and freight transportation between China and Europe...

Belarus to take part in Novi Sad International Agricultural Fair 2021
According to the company, in Novi Sad 15 Belarusian enterprises will showcase chemical products, plant protection agents, farm machines, tires, dairy products and chicken eggs...