Business news

Belarus aims for tighter cooperation with Bangladesh
A delegation of representatives of Belarusian industrial enterprises have been to Bangladesh on a visit. The delegation included representatives of Amkodor, MAZ, Belkommunmash, and Promagroleasing...

Lukashenko sees great prospects for leather industry
As for calls from ecologists and animal right advocates, Aleksandr Lukashenko noted that people will not stop eating meat, which means that there will be raw materials for processing...

Belarusian nuclear power plant’s second reactor assembled for cold, hot trials
The assembly process included the installation of in-vessel components, the loading of dummy fuel rod arrays, the installation of the protective tube unit and the reactor head...

Belarus, Japan in talks over opening Belarusian trading center in Japan’s Ome
"This economic project is aimed at creating a platform that would tell Japanese business about Belarusian exporters and their offers"...

Belarus’ Central Securities Depositary, Eurasian Development Bank sign depository agreement
The depository agreement will contribute to the development of the Belarusian stock market. It is also important from the point of view of the formation of the common financial market in the Eurasian Economic Union, representatives of the depositary said...

Lukashenko against privatization of Gatovo-based tannery
"We cannot give all the raw materials to one person however good they may be. You understand what may happen if we do"...

Belarusian commodity exchange accredits its first broker in Israel
According to Boris Gelfand, one of the founders of Global Edge Sourcing Ltd, the company plans to organize direct deliveries of Belarusian timber to the Israeli market where there is an increased demand for these products today...

Lukashenko wants Belarus’ leather industry to use domestic raw materials
Belarusian leather industry should use domestic raw materials...

Tentative plans to drop roaming charges between Belarus, Russia by 2 April
The relevant statement was made at the commission’s session in Moscow on 22 March...

Belarusian BelAZ ready for tighter manufacturing cooperation in Eurasian Economic Union
The Eurasian Economic Union accounted for 45.2% of BelAZ’s total trade turnover in 2020 and for 71.8% in January-February 2021. BelAZ vehicles are used virtually in all the branches of the production sector of the Eurasian Economic Union where solid mineral resources are mined such as coal industry, ore mining, mining-and-chemical industry, rock and aggregates industry, precious metals and stones industry...

Russia’s Irkutsk Oblast to buy over 160 MTZ tractors soon
"We can supply the entire product choice of MTZ Holding Company to Irkutsk Oblast. Forest machines and special-purpose machines can be delivered to Irkutsk Oblast organizations for trial operation. This kind of machines has not been shipped to the region before. The possibility of buying machines and vehicles for volunteers, who help fight forest fires, is under consideration"...

Belarus president visits agricultural company near Grodno
In the past five years, sales revenues soared by Br20 million to total Br58 million in 2020, with the net profit at Br12 million and product profitability at 26.6%...

Lukashenko points out growing presence of Belarusian companies on Chinese market
Aleksandr Lukashenko noted that the agreement on selling Belarusian products in China had been made at the highest level. There is virtually no other way to start selling to China...

HTP Administration authorized to oversee digital finances in Belarus
The documents were developed in line with the decision taken at the meeting to discuss bills aimed at combating illicit financial transactions in IT on 16 March...

Belarusian commodity exchange reports fourfold rise in rapeseed oil sales
"This year, Belarusian companies that trade on BUCE have got the green light to start exporting to China, which contributed to export growth in natural terms. In general, the Chinese market is large enough to consume all exports of the Belarusian fat and oil industry"...

Lukashenko approves State Investment Program for 2021
In 2021, Br664.2 million is to be allocated to finance 102 facilities featured in the program, including Br399.5 million of state capital investments, and Br105 million from the national development fund...

Great Stone’s new resident company launches project in Chinese medicine
At the first stage the company plans to produce coronavirus medicines to be later be exported to Ukraine, Russia, Azerbaijan, Turkey, India and other countries. It is expected that the production of medicines will begin in 2021...

Ecology Expo 2021, environmental forum due in Minsk on 3-5 June
"This is a unique opportunity for business growth, for exchange of best international environmental practices"...

Steel export by Belarusian BMZ on the rise
Russia is an important supplier of the main raw materials and one of the largest consumers of Belarusian metal products. BMZ’s export to Russia exceeded 58,000 tonnes in January-February 2021, 8% up from January-February 2020...

Belarusian steel mill BMZ, Eurasian Economic Commission discuss raw materials availability
"For the last half a year our commission has been rather actively discussing the provision of Eurasian metallurgical enterprises with scrap metal. It was one of the key topics during the latest session of the intergovernmental council in Almaty"...