Business news

MP: Belarus, Iran complement each other in economy
"We have well-developed agricultural engineering and many other industries that naturally complement the sectoral structure of Iran's economy," the MP said. "I think if such a negative thing as the external sanctions is removed, the mutual trade will increase manifold"...

Belarusian steel mill BMZ’s output 1.4 times up in H1 2021
The export geography is traditionally vast. It included 48 countries in H1 2021. More than half was sold in Europe. Russia accounted for 25%. African countries and Middle East countries accounted for 8.5% each...

Belarusian Universal Commodity Exchange introduces price band for lumber
“The price band is a standard exchange instrument. It is used to smooth out price fluctuations amidst high volatility in a particular segment of the commodity exchange market,” Roman Yaniv explained...

Belarusian ambassador comments on plans to expand Belavia’s flight map
"Belavia has already increased both the frequency of flights to Istanbul, Tbilisi and Batumi and also the number of charter flights to Egypt and Turkey. Work is in progress to increase the frequency of flights to Kazakhstan"...

Belarus-Iran economic cooperation commission to convene in Minsk
The Belarusian diplomat met with Iranian Minister of Foreign Affairs Mohammad Javad Zarif to discuss cooperation prospects. The ambassador pointed to the importance of more intensive coordination to boost bilateral trade and expand contacts in education, including medical education...

Belarus seeks to increase agricultural export to Qatar
Belarusian Agriculture and Food Minister Ivan Krupko met with Charge d'Affaires ad interim of the State of Qatar in Belarus Meshaal Al Attiyah to discuss the state of the trade and economic cooperation between the two countries and its development prospects...

Nigeria interested in cooperation with Belarus in oil extraction, agriculture
During the meeting a broad range of matters concerning Belarus-Nigeria cooperation in various spheres, including agriculture, oil extraction and oil refining, was discussed...

Output capacity of Belarusian renewable energy sources up by 19 times since 2010
All the conditions for the development of renewable sources of energy have been enabled in Belarus. The work began back in 2010 with the adoption of the law on renewable sources of energy. The work goes fast even nowююю

Belarusian Universal Commodity Exchange to allow transactions in Chinese yuans
According to the source, it will be possible to use Chinese yuans as part of exchange contracts, for paying exchange fees, and for making down payments. Only Belarusian and Russian rubles as well as euros and U.S. dollars can be used for these operations for now...

Belarusian Cement Plant posts almost Br1.7m in net profit in May
Thus, the volume of production in actual prices in January-May amounted to Br115.9 million, up by 14.2% year-on-year...

Belarusian Bellegprom’s export 23% up in January-May
Bellegprom’s export to Italy rose by 3.6 times, to the USA by more than two times. Bellegprom enterprises shipped more to Russia (the export growth rate reached 123%), Ukraine (119.3%), Lithuania (163%), Kazakhstan (108.8%), Эстонию (196.5%), Belgium (128.6%), Kyrgyzstan (184.4%), and Netherlands (100.2%). Bellegprom enterprises exported more to a total of 41 countries...

Belarus to be featured at Speciality Food Festival in Dubai
The UAE food market features many luxury goods and heavily relies on import, supplying around 80% from abroad. The UAE is also the third largest re-export hub...

BUCE reports fourfold rise in BMZ steel mill’s export to Poland
The Belarusian steel mill BMZ has sold $4.3 million worth of reinforcing bars to Poland at trading sessions held by the Belarusian Universal Commodity Exchange (BUCE) since in January-June 2021...

Belarus, Uzbekistan discuss prospects for new joint ventures
The parties discussed various aspects of trade and economic cooperation and the status of implementation of the agreements reached at the eighth session of the joint intergovernmental commission on bilateral cooperation that took place in Tashkent in March. The agenda of the meeting also included promising areas of cooperation in establishing and financing joint enterprises...

IAEA’s IPPAS mission chief praises Belarus’ attitude to nuclear power plant safety
Wrapping up work at the nuclear power plant site, Joseph Sandoval shared his impressions of the trip to the Belarusian nuclear power plant. “I am very impressed by the importance the Belarusian government attaches to matters of safety and reliability of the nuclear power plant"...

PM: Belarus, Kazakhstan approve plan of action on assembly plants
"The leadership of Kazakhstan is taking very serious steps to promote industrialization, has a great interest in cooperation with Belarus. Our close cooperation includes projects to assemble vehicles. Now we are working to promote production localization of different types of machines"...

Belarusian MPs participating in session of OSCE PA’s Committee on Political Affairs and Security
Chairman of the International Affairs Commission of the House of Representatives of the National Assembly of Belarus Andrei Savinykh said: “We will hear out a report on the situation in the OSCE region and on the situation in various countries and even regions. There are plans to discuss a multilateral approach and the role of parliamentary structures in building up trust and mutual cooperation"...

Belarus, Kyrgyzstan discuss efforts to boost bilateral trade
The parties discussed topical issues of trade and economic cooperation, ways to step up bilateral trade, and preparations for the 10th meeting of the Intergovernmental Commission on Trade and Economic Cooperation...

Call for working out practice-oriented Belarusian-Russian digital agenda
Aleksandr Lukashenko is convinced: “Programs of the Union State of Belarus and Russia should be helpful in this regard. Most of them allow us to create and multiply high-tech materials and manufacturing projects. Moreover, cooperation between Belarusian and Russian scientists in academic science advances”...

Lukashenko wants digitization to benefit enterprises, living standards
“This forum is dedicated to cooperation in science and technology in the context of digitization,” the head of state stressed. “Digital technologies became an integral part of our reality long ago. The humanity will face even greater changes in the future. However, these novelties should be aimed at developing enterprises and improving people’s living standards,” he believes...