Business news

Belarus, Austria discuss ways to expand interregional ties
The Belarusian ambassador and vice president of the Austrian Federal Economic Chamber discussed issues related to the Belarusian-Austrian relations in the trade and economic sector. The parties discussed preparations for the next meeting of the Belarusian-Austrian Business Council and the organization of the visit of a delegation of Austrian business circles to Belarus...

Ganja Auto Plant seeks closer cooperation with Belarusian companies
The Belarusian diplomat also met with Niyazi Bayramov, head of the executive authority of Ganja, to discuss interregional cooperation. The parties emphasized the importance of further development of bilateral ties in industry, culture and education after the removal of all quarantine restrictions...

Prospects of Belarus-China cooperation in healthcare discussed in Economy Ministry
The sides discussed prospects of promoting traditional Chinese medicine in Belarus and the creation of a traditional Chinese medicine center in the China-Belarus industrial park Great Stone. The Chinese side also expressed interest in breeding medicinal herbs in Belarus’ territory, production of medicinal drugs and preventive remedies out of Belarusian herbs...

India interested in economic cooperation with Vitebsk Oblast
Sangeeta Bahadur had previously visited Orsha Linen Mill to get familiar with the potential of the enterprise. She suggested that India could buy flax linen from Vitebsk Oblast and could sell quality apparel in return...

Belarus’ central bank’s refinancing rate to stay at 7.75%
In a bid to curb inflation the board of Belarus’ central bank has taken a number of decisions to step up control over the growth of the ruble money supply and the broad money supply, which are treated respectively as the operational target and the intermediate target of the monetary management policy in 2021...

Belarus, Bosnia and Herzegovina discuss legal framework, economic cooperation
During a working visit to Bosnia and Herzegovina, Ambassador Aleksandr Ponomarev visited a number of cities in the Republika Srpska. In the city of Zvornik he met with Mayor Zoran Stevanovic. In Bratunac the ambassador toured TRB company, one of the largest enterprises of the military and defense complex in the region...

Belarus' HTP exports hit record high in 2020
In 2020, the Hi-Tech Park posted exports worth $2.735 billion, up by 25% year-on-year. The total output reached Br7.4 billion, up by 43% over 2019. This is a record high in the history of the HTP...

Belarus to borrow $20m from OPEC Fund for healthcare needs
The agreement provides for lending $20 million to Belarus for the sake of financing COVID-19-related healthcare measures...

Demand for Belarusian sawn timber in China expected to grow
"Buying sawn timber on BUCE helps us minimize commercial risks. BUCE closely controls how companies fulfill their obligations, which is why we can always be sure that we will get high-quality products in due time"...

Bellesbumprom’s exports up by 18% in January 2021
Exports to non-CIS countries rose by almost 26% to $28.8 million and accounted for 52% of total exports. In January 2020, exports to non-CIS markets accounted for 48.7% of the output...

Belenergo, CNEEC sign memorandum of understanding
During the meeting, the parties discussed promising areas of mutually beneficial cooperation, namely: the implementation of the latest energy storage technologies, the use of battery power plants (electric energy storage units) to stabilize and cover peak demand in Belarus, production, installation, operation and maintenance of car charging stations in Belarus...

BUDEXPO 2021 business program unveiled
The business program of the expo will also be busy. It will include a plenary session to discuss the development of the Belarusian construction industry as well as presentations, seminars, and lectures. “There will be an exhibition showcasing projects of young architects and designers as well as works by young painters and sculptors for sale...

Russia’s share in Belarus’ food export exceeds 70% in 2020
In 2020, Belarus-Russia trade in agricultural and food products totaled $5.7 billion, down by 2.8% over 2019. Export of Belarusian food products to Russia came at $4.3 billion. Belarus imported $1.4 billion worth of agricultural products from Russia in 2020...

Belarusian nuclear power plant in for operating license inspection in late April – early May
"A nuclear power plant has to prove its operation will be safe. An expert evaluation is arranged with that in mind. Documents that substantiate safety are reviewed. The process is lengthy, science-intensive and resource-intensive," Olga Lugovskaya noted...

Belarusian commodity exchange registers first deal in sawn timber between non-residents
“Using BUCE as a platform for making transactions between non-residents s a promising trend that emerged some time ago. It is growing, spreading to new markets and new groups of goods,” Roman Yaniv noted...

Belarus’ Barkhim mulls over exports to UAE
Barkhim plans to promote its products in the new market through a distributor. First, the company plans to export children's and premium-segment goods...

Belarus doubles food export to Uzbekistan in 2020
"Supplies of beef soared more than 2 times, sugar – 3.5 times, milk powder – 2 times, fish and fish products – 1.5 times"...

Number of electric cars in Belarus past 2,500
Chinese economy-class electric cars are now particularly popular with Belarusians. However, their owners face unexpected difficulties such as GB/T power sockets with no matching infrastructure in Belarus...

Belarusian engine manufacturer MMZ busy implementing new projects
As a major project MMZ is intent on making and testing diesel engines at premises of an MMZ trading house in the Russian city of Noginsk. The enterprise is supposed to assemble up to 5,000 MMZ engines per annum. A test bench for MMZ-3LD engines is being designed as part of the preparations...

Belarus’ commodity exchange to cooperate with Russia’s Bryansk Oblast
The parties plan to focus on agriculture and sales of industrial goods, as these are the most promising areas for cooperation...