Business news

Belarusian commodity exchange prepared to contribute to trade with Lipetsk Oblast of Russia
Promising areas of cooperation were discussed during a visit of a business delegation from the Russian region to the BUCE central office...

PM: Belarus against barriers to free movement of goods, services
According to Roman Golovchenko, raising competitiveness will help increase the EAEU's presence and role in global trade and economy...

Belarus’ bill on investments passes first reading
In particular, the draft law supplements the list of investment implementation methods with a reference to the implementation of public-private partnership projects...

Belarus' external state debt 2.4% down to $18.1bn in March
In January-March 2021 Belarus spent $568.7 million to repay the external state debt...

Belarusian MTZ presents modernized tractors in Russian Kazan
MTZ intends to increase the output of vehicles in the Russian city of Yelabuga to 5,000 in the next 3-4 years...

Minsk to host Belarusian Energy and Ecology Forum on 12-15 October
Deputy Prime Minister Yuri Nazarov has been appointed chairman of the organizing committee. The committee also includes Energy Minister Viktor Karankevich, First Deputy Natural Resources and Environmental Protection Minister Boleslav Pirshtuk, Deputy Architecture and Construction Minister Aleksei Ananich, and other officials...

Belaruskali’s Petrikovsky mine administration to reach designed output capacity by early 2022
"We intend to commission longwall No.2 in July. We started working on it in early March 2021. We will commission longwall No.3 in late August and longwall No.4 in late December"...

Belarus-Tajikistan trade almost triples in 2020
Roman Golovchenko also thanked Tajikistan for supporting Belarus in the most important issues in international organizations...

Vice speaker: Trade, economic cooperation between Belarus, China steadily growing
This year important domestic events have taken place in Belarus and China, which laid the foundation for the further social and economic development of the countries...

Increasing food export named among Belarus’ priorities
In 2020, Belarus’ export of agricultural and food products amounted to $5.8 billion, 4.3% up over 2019. Revenues in foreign currency went up by $240 million. Belarus supplied its products to 104 countries in 2019 and to 116 countries in 2020...

Belarus to reduce export duties on oil, oil products on 1 May
In line with the resolution, the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils will be $54.9 per tonne ($57.6 previously)...

Belarusian food producers take part in UzFood expo in Uzbekistan
The holding company "Concern Brestmyasomolprom" and its subordinate enterprises Luninets Dairy Plant and Kobrin Butter and Cheese Factory are presenting their advanced developments. Babushkina Krynka Dairy is showcasing new types of cheese with natural fillings...

Belarus-Russia trade recovering
"On the whole, our trade and economic cooperation develops successfully. Now after the peak of the pandemic situation we are trying to increase the mutual trade turnover. It dropped earlier but we are glad we registered an increase in February and March"...

Belarus, Hungary to set up joint business council
According to Ambassador Extraordinary and Plenipotentiary of Belarus to Hungary Aleksandr Ponomarev, plans on invigorating Belarus-Hungary trade in the near future include the organization of online seminars on woodworking and civil engineering and the organization of business forums...

WTO accession expected to benefit Belarus’ export diversification efforts
The roundtable was hosted by the Mogilev Oblast Executive Committee. It was a hybrid event: some participants joined in via a video link and representatives of the executive committee, Mogilev-based enterprises and organizations attended in person. Representatives of the Ministry of Foreign Affairs and the Economy Ministry also took part in the roundtable...

Belarus’ Gomel Oblast, Iran’s Mazandaran Province to resume trade, economic cooperation
The agreement on trade, economic, scientific, technological, and cultural cooperation between the Gomel Oblast Executive Committee and the administration of Mazandaran Province was signed in 2009...

Belarus’ commodity exchange to export sawn timber, agricultural products to South China
BUCE plans to attract large importers of sawn timber, rapeseed oil, and dairy products from Guangdong Province, Hainan Province, and the Guangxi Zhuang Autonomous Region...

Opinion: Companies’ future lies with digitalization of production processes
According to Tatiana Brantsevich, stably performing enterprises should also see the prospects for further development...

Orsha to host international economic forum on 28 April-1 May
The economic forum will bring together around 100 participants. On the first day of the forum, representatives of Orsha and its twin towns Qingdao and Yiwu (China), Gagarin, Vyazma, Tver, and Ivanovo (Russia) will meet online to discuss ways to advance economic cooperation and talk about opportunities for foreign companies in their cities and countries...

Belarus' commodity exchange to expand cooperation with Russia’s Kaliningrad Oblast
Ways to increase exchange trade between Belarus and Kaliningrad Oblast were high on the agenda during the visit of BUCE’s delegation to Kaliningrad Oblast...