Business news

Belarus, Kazakhstan agree to expand cooperation in ICT
The parties exchanged experience in the development of national information systems, introduction and development of interdepartmental electronic document circulation, centralized storage of electronic documents and archives. They also discussed cooperation both within the Eurasian Economic Union and on a bilateral basis to organize an intercountry electronic document management system that...

Implementation of government programs in Belarus in 2016-2020 evaluated
"21 government programs, which are subject to evaluation, were implemented in the previous five-year term. The total volume of funding was Br357 billion, including over Br111 billion appropriated by the state budget"...

Belarus-China cooperation hailed as constructive
"Suffice it to say that our trade hit about $5 billion last year. China is our second largest trading partner after Russia, used to be third. This is why we discussed a number of steps to increase mutual trade today"...

MILEX 2021 to showcase Belarusian APC
As for the products on display, MILEX 2021 will feature over 300 samples of cutting-edge weapons, military hardware, and special hardware of Belarusian make alone. As many as 177 of them will be showcased for the first time. Eighty-eight products are upgraded ones...

Belarus, Albania to discuss cooperation prospects on 10 June
"Experts of the two countries will speak about the development of the Belarusian-Albanian trade and economic cooperation and prospects for cooperation in manufacturing, agriculture, and other fields"...

Italy starts buying leather at Belarus’ commodity exchange
“The Belarusian Universal Commodity Exchange has registered the first transaction to sell Belarusian leather products to Italy. At the recent trading session, an Italian company has purchased a trial batch of semi-finished wet blue leather to the amount of $35,000. The total amount of transactions made by foreign buyers approximated $500,000,” Roman Yaniv said...

Belarusian MMZ engine successfully tested as part of Swiss vacuum sweeper
The small-capacity four-cylinder MMZ-4DTI has successfully replaced an Italian one...

China-Belarus industrial park Great Stone promises better terms to investors, startups
The key changes include the facilitation of administrative procedures, greater leeway for the park’s administration to make decisions, the expansion of the types of business the park welcomes, support for startups, and special terms for anchor investors...

Bellegprom's export up by 15% in January-April
"During the period under review the import amounted to $75.3 million, or 103.8%. The concern had a foreign trade surplus of $67 million"...

Belarus-Asia forum due in Moscow on 9 June
The aim of the forum is to present Belarus’ export potential, establish business contacts, and exchange opinions about the status and prospects for the trade and economic cooperation between Belarus and Asian countries...

Egyptian electrical company mulls over localization of production in Belarus
Following the Belarusian-African business forum that took place in Minsk, the agency hosted a meeting of business circles, representatives of the agency and Mogilev Free Economic Zone. The parties discussed the prospects of investment and economic cooperation between Belarus and Egypt. The meeting also comprised a presentation of the country's business climate...

Ambassador: Price and quality are the best advertisement of Belarusian goods on Russian market
The parties also touched on the topics of logistics, transport, tourism and interaction in other sectors...

Belarus’ gold, forex reserves up by 6.7% to $7.8bn in May
In May 2021, the country’s gold and foreign currency reserves went up by $485.2 million (by 6.7%) following the April growth of $337.9 million (4.9%)...

Belarus expanding cooperation in agriculture with Azerbaijan, Tajikistan
“Last year was not an easy one because of the pandemic, but we made it through, we secured our supplies, we proved ourselves to our suppliers. Today we have new contracts, and they are expanding. For example, Azerbaijan got interested in the restoration and development of our rural areas, production facilities, the development of social environment, the construction of social facilities in agro-towns"...

MTZ signs agreement on cooperation with Indian company
The document stipulates that the Indian partner will purchase at least 200 BELARUS tractors before the end of 2021. The parties are set to organize the localization and assembly of tractors under the joint brand DARSH BELARUS in India...

Lukashenko pledges measures to secure Granit’s operation on domestic market
But in addition to other countries, the company should be more active in the domestic market, the president said. For example, Belarus imports crushed stone from Ukraine...

Plans to make resonators for particle accelerators in Belarus
The possibility was discussed as Chairman of the State Science and Technology Committee of Belarus Aleksandr Shumilin met with Director of the Joint Institute for Nuclear Research (JINR) in Dubna Grigory Trubnikov...

Lukashenko wants Granit company to be more active on foreign markets
“Immediately report this issue to the prime minister so that we can deal with it. However, why keep pushing problems up all the time? You also need to do something about it. This problem should be addressed, it is not catastrophic,” the president emphasized...

Belarusian commodity exchange launches timber product supplies to South Korea
Nam Chang Co., Ltd. became the first South Korean company accredited at the Belarusian Universal Commodity Exchange. This brought the number of countries represented at BUCE to 65...

Farm machinery manufacturers of Belarus, Russia sign memorandum of cooperation
“The signing of this important document between the leading farm machinery manufacturers of Russia and Belarus is the concrete result of the EEC activities to establish partnership between enterprises of the EAEU member states and to launch joint projects,” Member of the EEC Board (Minister) for Industry and Agribusiness Artak Kamalyan noted...