Business news

Belarus’ commodity export to Kazakhstan features more than 650 items
"Kazakhstan is a traditional partner of Belarus. They know well our products in terms of assortment and quality, and the foreign trade statistics confirms the interest of Kazakhstan in cooperation with Belarus"...

Belarus, Rosatom considering new cooperation avenues
In particular, the sides are considering a project to create a joint center for nuclear research and scientific studies on the basis of the National Academy of Sciences of Belarus. Belarus and Rosatom are considering the establishment of joint labs specializing in nuclear medicine and are considering the digitization of nuclear energy facilities and power grid infrastructure...

China’s timber importer to invest in Belarusian woodworking sector
Director General of the Chinese company, Zhan Yanjun, stated his intention to invest in the Belarusian timber processing industry and develop his business in Belarus during his visit to the BUCE head office...

Belarus-China trade expected to continue growing
The ambassador stressed that China has become the second largest partner of Belarus in terms of exports, ahead of Ukraine (Russia is first in terms of exports)...

Lukashenko: The key task is to survive and win
"As I’ve instructed the government, we should overcome the sanctions without any problems. We sell half of what we make. It doesn’t earn us hundreds of billions of U.S. dollars. It is understandable where our markets are. Those markets have not introduced sanctions against us"...

Lukashenko knows how to neutralize Western sanctions against Belarus
"We are a small, open country with an export-oriented economy. We will not survive without exports. Do not let the Western so-called sectoral sanctions scare you. There is always a demand for our goods"...

Belarus’ new tractor assembly plant to open in Moldova in September
There are three assembly plants in Moldova making Belarusian trolleybuses, medium-capacity tractors, and vineyard tractors...

FM: Belarus is doing well on export markets despite negative external factors
According to the minister, in January-May of this year, Belarusian exports of goods and services amounted to more than $18 billion, an increase of almost 33% year-on-year...

Good prospects for electric transport in China-Belarus industrial park Great Stone
Eight companies residing in the China-Belarus industrial park Great Stone focus on the matter of electric transport, BelTA learned from Head of the Administration of the China-Belarus Industrial Park Great Stone Aleksandr Yaroshenko during an event held on 16 July on the occasion of Electric Transport Day...

Belarus-Russia exchange trade doubles in H1 2021
Economic entities of Belarus and Russia concluded $63 million worth of transactions on the Belarusian Universal Commodity Exchange (BUCE) in H1 2021, which was up 1.8 times year-on-year...

Chambers of commerce of Belarus, Kenya sign cooperation agreement
"With a view to facilitating business contacts between Belarusian and Kenyan entrepreneurs and expanding mutually beneficial cooperation, the Belarusian Chamber of Commerce and Industry and the Kenya National Chamber of Commerce and Industry agreed to jointly arrange business missions, exhibitions, fairs, forums, seminars and other joint events, exchange commercial offers and information on trade and economic potential of the two countries, cooperate in the field of international arbitration"...

Belarus’ central bank to raise refinancing rate to 9.25% per annum on 21 July
The refinancing rate will be raised to 9.25% per annum as from 21 July 2021. The interest rate on overnight loans will be set at 10.25%, with the interest rate on overnight deposits at 8.25%...

Belarus’ PM calls to revive local enterprises to boost regional growth
The prime minister visited the Ivenets branch of Slodych Confectionery Factory. The enterprise launched a new production line to make dairy, jelly, souffle and fondant sweets. The head of government was updated on the enterprise’s modernization effort and development prospects...

Agricultural enterprises of Russia’s Voronezh Oblast to trade on Belarusian commodity exchange
Food products and raw materials account for almost half of the total export of Voronezh Oblast. The share of agricultural export in Belarus’ total export is also significant – around 20%...

Belarus’ oil producer Belorusneft builds 23 oil wells in H1
In H1 2021 the Svetlogorsk Drilling Department and the Rig Building Department of Belorusneft built 23 wells and installed 22 drilling rigs...

Belarus’ Smorgonsilikatobeton expands into Romania
According to the holding company, in H1 2021 Smorgonsilikatobeton sold more than 116,000 cubic meters of AAC blocks, of them 52,000 cubic meters of products were sold abroad...

Lukashenko, Putin in agreement on next year’s natural gas price
It was decided that the price for natural gas for Belarus in 2022 will not be indexed and will remain at the level of the year 2021...

Belarusian engine maker MMZ signs export contracts at Russian expo
MMZ’s products displayed at the collective stand of the Belarusian mechanical engineering industry were hugely popular. Not only regular visitors but also high-ranking officials showed their interest in them...

Belarusian commodity exchange to cooperate with Russia’s Yaroslavl Oblast
The relevant agreement was reached during a visit of Yaroslavl Oblast’s delegation to BUCE...

Belarus hailed as Russia’s important and reliable partner
The president noted that in 2020, the trade between the countries increased by 17%. In April - May of this year, the trade was on the rise too. It surged by more than 37%...