Business news

Belneftekhim, SOCAR to expand cooperation
The memorandum provides for expansion of opportunities of the parties in the production and sale of oil and petroleum products. The main areas of cooperation are focused on improving interaction in the organization of Azerbaijani oil supplies to Belarus, and also the activation of the dialogue between producers and consumers of hydrocarbon resources...

Belarus’ GDP growth estimated at 0.6-0.8% in Q1 2021
The data on the manufacturing industry has already been processed. The growth rate was over 9%. Positive dynamics was reported in tool engineering, mechanical engineering, and pharmaceutics...

Belarus-China exchange trade at $7.5m in Q1 2021
Belarusian companies not only sell their products to China, but also buy Chinese goods via BUCE. The most popular exports to China are sawn timber, rapeseed oil, and milk powder. There are plans to launch sales of Belarusian sugar to China on BUCE. In turn, Belarusian companies import metal products from China...

Belarus’ refinancing rate to go up to 8.5% on 21 April
"In late 2020, inflation processes accelerated, which was caused by the transfer to prices of the occurred weakening of the Belarusian ruble, as well as supply shocks in the markets of certain food products. At the start of 2021, inflation continued to accelerate under the influence of further increases in world prices for food products, as well as for imported non-food goods"...

Lukashenko invites Azerbaijan to advance cooperation in oil industry
During the meeting the Belarusian head of state thanked his Azerbaijani counterpart for supporting Belarus in the delivery of crude hydrocarbons...

Belarus, Iran discuss trade, economic cooperation
The organization of the regular meetings of the joint Belarusian-Iranian commissions on cooperation in the field of higher education, science and technologies was also discussed during the meeting...

Belarus’ Gomel Oblast, Russia's Bryansk Oblast to discuss cooperation
The Gomel delegation will be headed by Gomel Oblast Governor Gennady Solovey. He is scheduled to meet with Bryansk Oblast Governor Aleksandr Bogomaz to talk about the further development of inter-regional ties. Representatives of construction companies, Gomselmash mechanical engineering company will join the discussion...

Belarus-Azerbaijan trade in agricultural goods 3.5 times up in last five years
The sides discussed further development of trade and economic relations between the countries, in particular, an increase in mutual trade and the expansion of the choice of traded agricultural goods. Interaction in the area of veterinary control, crop farming, pedigree cattle husbandry, agrarian education, and scientific potential was also discussed...

Belarus to buy 1m tonnes of oil from Azerbaijan in 2021
"Plans are in place to buy one million tonnes of oil. The supplies have been steady. So far, Azerbaijan has delivered 270,000 tonnes. An oil tanker with another 90,000 tonnes is on its way"...

Ganja Automobile Plant eager to assemble over 1,200 Belarusian tractors in 2021
The ambassador described the enterprise operating in the Azerbaijani city of Ganja to assemble Belarusian vehicles and machines as a pillar of the export potential...

Over $800m spent on repaying, servicing Belarus’ foreign state debt in Q1 2021
"Since a considerable part of our commitments is in Russian rubles, we are interested in the Russian market where we can borrow funds and spend them on repaying and servicing our commitments to the Russian Federation"...

Minister: More businesses report positive expectations in Belarus
"Demand has bounced back, almost a third of the answers confirm this. A quarter of the respondents reported that demand in foreign markets has been growing too"...

Belarusian government approves program on electric transport development till 2025
The program is aimed at creating a new area of economic growth on the basis of forming a branch of the mechanical engineering industry that will make electric vehicles. The program will also enable conditions to encourage broader adoption of electric motion vehicles, conditions for expanding electric transport infrastructure and for minimizing environmental impact...

Belarus, Pakistan set to boost trade, economic cooperation
The parties discussed topical issues of the Belarus-Pakistan agenda with a focus on trade, economic cooperation and educational contacts...

India offers Belarus its COVID-19 vaccines
Belarus and India have decided to invigorate cooperation in healthcare, with the focus on the pandemic response, Vladimir Makei said as he spoke about the meeting between Aleksandr Lukashenko and Ambassador Sangeeta Bahadur. “India has already rolled out two vaccines and has offered Belarus to use them for mass vaccination,” he added...

Belarus interested in developing mutually beneficial cooperation with Pakistan
"The relations between our countries are based on trust, friendship, mutual respect for the interests. Bilateral political ties are being developed, economic contacts are growing stronger, including at the business level," the minister said...

Austrian company interested in new product of Belarusian engine maker MMZ
The Austrian company makes municipal vehicles and has reached out to MMZ via its Russian partner to suggest using the Belarusian engine instead of an Italian one as part of a suction sweeper the Austrian company makes...

Belarus to increase food export to $6bn in 2021
Speaking about promising markets, Aleksei Bogdanov noted that domestic food producers are eyeing the Asian market, mostly China...

Belarus-China industrial park to host Belagro 2021 expo on 1-5 June
"The expo is usually held in the first summer month. This year’s edition has been scheduled for 1-5 June. This is the largest agricultural expo in the post-Soviet space. It brings together participants from more than 30 countries," Aleksei Bogdanov said...

Belarusian ambassador visits Russian Orenburg to discuss cooperation prospects
Vladimir Semashko met with Orenburg Oblast Governor Denis Pasler. The sides outlined the current state and the nature of mutual trade. They confirmed the interest and the need to advance and enhance social, economic, and humanitarian ties...