Business news

Belarus, Russia to set up joint business council
"Today we will sign an agreement to set up a joint Belarusian-Russian business council. It will include our major enterprises from different sectors of the economy. This council will participate in the work of the High-Level Group of the Council of Ministers of the Union State, representing the voice of business," Vladimir Ulakhovich said...

Belarus to get Kazakh oil in autumn at earliest
The official said: “An agreement on shipping oil and oil products to the Republic of Belarus has been signed recently. Now we have to ratify this agreement. Once the parliament ratifies the agreement, we will put together a plan and a list of goods, which can be shipped to the Republic of Belarus. The kinds of oil products and the volumes will be discussed then”...

Belarusian-Russian achievements in science, technology lauded
“Since the signing of the Union State Treaty, we have made great advances and strengthened ties in science, technology, and education. Scientific and educational matters are of great importance because they are about intellectual and creative potential that determines our ability to respond to new challenges and ensure our countries’ sovereignty, competitiveness, and leading positions in the world”...

Investment contract to build Northern Waterfront complex in Minsk signed
Belarus President Aleksandr Lukashenko had previously signed decree No.186 to authorize the Minsk City Executive Committee to sign this contract on building the experimental multifunctional complex Northern Waterfront with the private company Riverside Development Holdings Limited...

Russia named Belarus’ important partner in science, technology
According to him, the Union State has implemented 57 programs in space research, energy, new materials and nanotechnology, engineering and instrumentation, medicine, biotechnology, information and agricultural technologies. “Belarus has been continuously working to develop science, technology and innovations, including using advanced international experience,” the senator said...

Belarus, China to advance cooperation in customs affairs
The sides mentioned active interaction of customs services, veterinary and sanitary services, and phytosanitary services of Belarus and the Chinese customs service. High results of bilateral cooperation were mentioned as well as the growing number of joint projects due to rising Belarus-China trade...

IAEA’s International Physical Protection Advisory Service mission working in Belarus
The IPPAS mission as well as other evaluation missions and peer reviews are arranged voluntarily upon Belarus’ invitations. Gosatomnadzor had worked with parties concerned to prepare the visit...

Belarus, Russia expected to create common markets of oil, natural gas, transport this year
According to Vladimir Semashko, Belarus and Russia have reached a totally new stage. A lot has already been done in the social sphere, economy, defense, and so on. “Today we have really reached the time when we have to bolster the economic foundation of the union of Belarus and Russia,” he said...

Belarus signs agreement on oil deliveries from Kazakhstan
Aleksandr Guryanov noted that the negotiations had focused primarily on stepping up trade and economic cooperation and had examined new opportunities for advancing manufacturing cooperation. “Today we see that there is positive dynamics in mutual trade. We continue increasing our export"...

Mohamed Alabbar: Investment agreement to build Northern Waterfront in Minsk will be signed soon
“This is a very complex and large-scale project and we will advertise it all over the world. Therefore, I am looking forward to launching it to be able to start an international marketing campaign,” the businessman added...

Belarus’ PM visits Kazakhstan’s industry giants
Roman Golovchenko also visited Sokolov-Sarybai Mining Production Association that extracts and processes iron ore, limestone and dolomite. During the three-day visit, the Belarusian head of government will meet with Kazakhstan’s President Kassym-Jomart Tokayev...

Belarusian defense contractors sign 12 export contracts worth $140m at MILEX 2021
The official said the expo had managed to present the entire potential of the Belarusian defense industry. The Belarusian companies did well and held over 200 negotiations with partners. More and more delegations arrived since the expo began. Representatives of 22 countries came to participate in the forum initially. The number rose to 34 countries later on...

Experts of WANO’s Moscow Center observe work of Belarusian nuclear power plant personnel
According to the source, the WANO experts visited the Belarusian nuclear power plant as part of a prelaunch peer review of the second unit of the Belarusian nuclear power plant. As part of the visit the experts observed how well personnel of the second unit’s control room worked in a full-scale simulator...

Lukashenko: Attempts to destroy Eastern Orthodoxy in Belarus
"There was certain hemming and hawing in the Orthodox Church, however the Metropolitan and the Orthodox Church have coped with it by now. It was worth it, you should not lower your guard,” the president said. After these failed attempts to break the country, external forces turned to a powerful smear campaign and economic strangulation, the head of state said...

China to extend Belarus $19.55m loan to reconstruct 220kV Stolbtsy substation
A loan of $19.55 million will be provided for nine years for the investment project "Reconstruction of substation 220kV Stolbtsy to increase the voltage to 330kV and the construction of high voltage line 330kV Stolbtsy - Baranovichi" (the third and fourth phases)...

Belarus, Indonesia reaffirm mutual interest in stepping up bilateral contacts
The parties reaffirmed their mutual interest in intensifying bilateral contacts and discussed the steps to implement the planned activities at the intergovernmental and interdepartmental level, including the organization of the seventh session of the intergovernmental Belarusian-Indonesian joint commission on trade, economic and technological coperation...

Belarusian Bobruiskagromash signs distribution agreement with Russian trading house
“The signing of the agreement testifies to the stability and seriousness of the bilateral relations. Bobruiskagromash is one of the few manufacturers that make a broad range of modern machines for effective farming,” Director General of OOO Bobruiskagromash Trading House Andrei Usik stressed...

Belarus, Pakistan outline promising areas of cooperation
During the meeting, the parties discussed the preparations for the sixth meeting of the intergovernmental commission on trade and economic cooperation, exchanged views on the bilateral events held over the past seven months, including meetings of working groups and business councils, and visits by official and business delegations...

Belarusian governors instructed to prepare big investment projects
The president recalled that the government and governors had been instructed to determine growth points for every district and oblast. “It means that every governor should prepare and ‘present’ a big investment project to the Belarusian people within five years,” the head of state said...

Lukashenko sets goal to increase average salary to $700-800 by 2025
The president also deemed it necessary to increase the salaries of low-income workers whose income is usually below the average salary in the country...