Business news

Belarus seeks to step up investment cooperation with South Korea
Apart from discussing the bilateral investment cooperation, the parties exchanged opinions about prospects for South Korea’s participation in implementation of various infrastructure projects in Belarus...

BUCE reports 8-fold increase in purchases by Belarusian meat processing plants
Belarusian meat processing enterprises bought almost 5,500 tonnes of meat and semi-finished products worth a total of Br28.2 million at BUCE’s trading sessions in Q1 2021...

Plans to extend service life of Belarusian satellite BKA
The BKA satellite was created thanks to R&D efforts of Belarus and Russia. It was successfully inserted into orbit in July 2012. Together with the Russian satellite Canopus-V it comprises the Belarusian-Russian satellite constellation for the remote sensing of Earth...

Belarus ready to supply electric bus prototype to Russia’s Orenburg for trials
"We produce the whole range of trolleybuses and trams. We have also launched the production of a new type of transport - electric buses. We could supply you with an electric bus prototype for free for some time, for six months or a year,” Vladimir Semashko said during a visit of the Belarusian delegation to the region...

Russian Railways ready to ship Belarusian timber products, fertilizers to Russian seaports
Seaports located on the Russian Black Sea Coast have also expressed interest in handling Belarusian cargoes...

Belarus discovers 8 new oil deposits over past five years
Within the next two years the company is going to drill 12 more prospecting and exploratory wells aimed to discover new deposits. Recent discoveries confirm the potential of the central structural zone of the Pripyat Trough. In general, eight deposits were discovered in this structural zone, five of which during the last three years...

Belarusian neural network detects asymptomatic pneumonia
The service can detect pulmonary fever by processing an x-ray image. The artificial intelligence determines the patient’s status – normal, pneumonia, another pathology – on the basis of about 250,000 images. Every diagnosis has a degree of accuracy and it is up to human medics to make the final diagnosis...

Grodno Oblast to step up cooperation with Russia’s Tuva Republic, Komi Republic
The Grodno Oblast Executive Committee hosted a web-based meeting of the working groups on cooperation between Grodno Oblast and the Tuva Republic and the Komi Republic. These committees are led by the Grodno Oblast Executive Committee...

Belarusian government’s spending on pensions comparable to Europe’s
Retirement pensions have been revised nine times since 2016 due to the growth of the average salary. As a result, in 2016-2020 the pension of a non-working pensioner increased by nearly 1.7 times in comparison with 2015 (the real growth was 1.2 times up)...

Mezentsev: Belarus may ship up to 3.5m tonnes of crushed stone to Russia annually
“The issue topical for builders was a difficult one during the discussions. The matter is prosaic, yet very important. It pertains to the supply of crushed stone to Russia. The building material is demanded by the construction industry of Moscow, St. Petersburg and the southern regions of Russia,” said the state secretary...

New oil deposit discovered in Gomel Oblast
According to preliminary estimates, geological reserves of the Guryanovskoye oil deposit are estimated at 600,000 tonnes...

Belarus, China in talks over agreement on investments, trade in services
The parties pointed out the strategic nature of the agreement and approved the terms of reference for the negotiations (fundamental principles and goals, areas, and mechanism of interaction). They also discussed certain matters regarding some sections of the agreement, including the ones related to trade in services, investments, and intellectual property protection...

International expo in Uzbekistan features 23 Belarusian companies
Representatives of Belarusian companies visited KRANTAS GROUP, MAZ-Tashkent, Magistral Diesel Service, as well as an authorized MAZ service center. “By the way, MAZ-Tashkent, a subsidiary of Minsk Automobile Plant in Uzbekistan, signed an agreement of intent worth $10 million for the supply of chassis and vehicle kits to assemble vehicles meant for the Uzbek market...

Plans to scrap roaming charges between Belarus, Russia in 2021
“I know that many are looking forward to scrapping roaming charges. Today the heads of two ministries confirmed that the interconnect rates dropped 20 times. The cost of the traffic itself has already been reduced from three to seven times depending on the provider"...

Balance sheets for Belarus’ machinery supplies to Russia approved
"Today, senior officials of the Ministry of Industry and Trade of Russia and partners from Belarus have informed that the balance sheets for the supply of Belarusian goods to Russia were agreed. These balance sheets apply to vehicles, combine harvesters, other mechanical engineering products, road equipment,” Dmitry Mezentsev said...

Belarus disconnects power lines with Lithuania during energy system testing
The tests are meant to check the reliability of the Belarusian energy system taking into account the planned exit of the Baltic states’ power grids from the BRELL system that unites Belarus, Russia, Estonia, Latvia and Lithuania...

Belarus, South Korea discuss ways to intensify cooperation
The parties discussed matters on the current agenda of Belarus-South Korea cooperation in politics, trade and economy as well as steps to advance the bilateral cooperation...

FEZ Minsk company creates 85 jobs to make cargo containers in Molodechno
The company intends to step up manufacturing, start making new kinds of products, and create another 30 jobs in 2021...

Belarusian commodity exchange unveils fastest-growing export markets for sawn timber
All in all, companies form 23 countries bought sawn timber on BUCE in Q1 2021. The biggest buyers were, as usual, Lithuania, Germany, and Latvia...

Belarus attends TajBelAgro forum in Dushanbe
Despite the geographical distance between the two countries, mutually beneficial cooperation has been steadily increasing. Mutual trade has grown five and a half times since 2016 to exceed $100 million in 2020...