Business news

Belarusian commodity exchange signs MoU with EGYCOMEX
The parties have undertaken to develop cooperation in such areas as electronic exchange trade in strategic types of commodities, to exchange experience in using the exchange mechanism in trade and procurement, to bring new commodities in demand in Belarus and Egypt to the exchange market...

Lukashenko emphasizes importance of local road maintenance
The head of state asked to report to him on the state of affairs in road construction. He noted that all the relevant tasks, from local roads to the construction of new highways, have been outlined in due time...

Belarus ready to promptly respond to restrictions on shipping potash fertilizers via Lithuania
We signed an agreement with the Russian Federation in February. Since February we’ve shipped practically about 1 million tonnes of oil products via Russian ports. Respectively we have an alternative. Those are ports in Murmansk and Leningrad Oblast. These schemes have been tried and tested...

Lukashenko approves changes in road passenger transportation
In particular, the document suggests introducing registration cards for transport vehicles, a clearance card of a driver, a dispatcher of non-schedule road passenger transportation and a taxi dispatcher...

Belarus’ PM urges to harness power of domestic travel
"Belarus has made little headway in promoting domestic tourism. The contribution of tourism to the national economy is insignificant. It is clear that the industry is experiencing a number of difficulties related to the pandemic. But we should keep in mind that every cloud has a silver lining - this situation offers a window of opportunity to harness the power of domestic travel"...

Lukashenko talks about future Belarusian villages
The project covers a total of over 170 agrotowns and villages all over Belarus. Plans have been made to transform 23 populated localities in Gomel Oblast into villages of the future including the pilot project in the agrotown of Lyaskovichi...

Belarus seeks to step up dairy, meat export to Oman
Deputy Minister of Agriculture and Food Aleksei Bogdanov took part in the online forum "Belarus - Oman" organized by the Belarusian Chamber of Commerce and Industry (BelCCI) jointly with the Omani Chamber of Commerce and Industry...

Belarus’ COVID-19 vaccine to be available for general public in H1 2023
Belarus’ own coronavirus vaccine will be available for the general public in H1 2023, Belarusian Healthcare Minister Dmitry Pinevich told reporters on 12 August...

Belarusian Universal Commodity Exchange to offer sunflower peel pellets for export
A test lot of 250 tonnes will be offered for sale for now. This lot is supposed to be sold via a combined trade session for selling fuel products. The trade session will also offer wood shavings and waste wood, peat briquettes, wood pellets, and firewood...

Belarus to build up capacity to make various vaccines
Belarus President Aleksandr Lukashenko made the statement during the government conference held on 12 August to discuss the development of antiviral vaccines...

Belarus, Russia to encourage broader use of national payment systems
The sides approved of expanding the practice of using the Russian payment system Mir and the Belarusian payment system Belkart in the Russian Federation and the Republic of Belarus...

Foreign investor eager to make steel pipes in Belarusian Smorgon
OOO Europlasteks Invest will spend over €5 million on setting up a metal-processing enterprise. The first products may be made as early as in 2022...

Belarus’ companies gain Br271m in additional revenue from commodity trading in January-July
The biggest beneficiaries were the companies that bought steel products and coal at BUCE...

Belarus' export 32.7% up to $22bn in January-June
In January-June 2021 Belarus' foreign trade totaled $42.399 billion, 30.5% up from the same period in 2020...

Belarus, Russia’s Amur Oblast seek to step up trade in food, farm products
The parties signed a plan of action for 2021-2023 to execute the agreement between the governments of Belarus and Russia’s Amur Oblast on cooperation in trade, economy, science, technology and culture...

Progress in getting Russian tax maneuver compensation for Belarus
"We don’t want some sum. We want our oil refineries to enjoy conditions equal to those of the Russian ones at least in this regard"...

Lukashenko: No plans to introduce sanctions against Ukraine
According to the president, if Belarus wanted to do it, then together with Russia it would be able to bring Ukraine to its knees within 24 hours. In particular, it could stop supplying fuels and lubricants...

Lukashenko urges western politicians to think before imposing sanctions
"We are not threatening anyone. It's just that you put us in such conditions that we have to respond, and we do. We do it as we can"...

Lukashenko responds to Lithuania’s threat to stop transit of potash fertilizers
Aleksandr Lukashenko said that Belarus will reroute shipments to other ports, to ports in the Russian territory then...

Lukashenko explains reasons behind economy growth in Belarus during pandemic
Aleksandr Lukashenko added that in 2020 the GDP decline was colossal in some countries, including in leading countries. "We lost 0.1% or 0.2% only in 2020 in comparison with the previous year if I am not mistaken. So, we had a really high level last year"...