Business news

Vitebsk meat, dairy exports to China up more than twofold in 2020
The enterprises of the concern delivered about $6 million worth of products to the Chinese market. The concern has been working hard to increase exports to China, the largest consumer of food products. In 2021 Belarusian exporters are determined to make the most of the the National Pavilion at the G-Hub exhibition complex in Shanghai. This will help promote products of the concern and boost its exports to China...

Occupancy rate at Belarusian health resorts at 60% in 2020 due to pandemic
"The average occupancy rate was at 60%. In line with recommendations drawn up by the Healthcare Ministry and our center, the maximum possible occupancy rate varied from 70% to 80%, depending on the capacities of every facility"...

Belarus to start mass producing Sputnik V vaccine in late March
“The first batch of 15,000 vials was manufactured on 26 February. We will start producing the vaccine on 30-31 March. Our plan is 500,000 doses per month. This is quite a lot,” Dmitry Cherednichenko said...

First batch of Belarusian gasoline arrives in Russia's Ust-Luga seaport
“The Portenergo Terminal (the seaport in Ust-Luga) has started to accumulate a shipload of gasoline delivered from the Republic of Belarus. The first train brought about 3,500 tonnes of fuel, another one is expected by the end of the day. The shipper is the Mozyr oil refinery"...

Belarus starts delivering oil products to Russian seaports
"On 5 March, more than 5,000 tonnes of Belarusian gasoline were shipped in several trains for transshipment at the terminal of Portenergo, the seaport of Ust-Luga. The first of these trains arrived in the Russian Federation at 9am on 6 March. It is expected to arrive at the Portenergo terminal on 9 March. Mozyr Refinery was the shipper"...

BelNPP first unit reconnected to power grid
In accordance with the program of the pilot operation stage, system and equipment testing, as well as routine work will continue at the first unit. So far, 259 out of 394 planned tests have been successfully completed...

Belarus eager to dismantle barriers in trade with China
In his words, China is a priority in terms of export and investments. Belarus’ export to China rose in 2020 despite the pandemic. The export of Belarusian foods demonstrated the highest growth...

Belarus negotiating infrastructure financing with international organizations
“One of the sources of investment are funds of international financial organizations. Loan agreements worth more than €1 billion were concluded over the last four years alone. These are projects in road reconstruction, energy efficiency, solid waste management, just to name a few,” Yuri Chebotar said...

Belarus plans to launch new mechanisms to improve investment climate
The first deputy minister noted that other changes also relate to reducing the financial burden during the implementation of an investment project, including in terms of income and property taxes...

Vitebsk Carpets nearly doubles net profit in 2020
All in all, in 2020 the company produced about 20 million square meters of carpets, down by 8.7% over a year earlier. The company exports the bulk of its output, therefore it was hit hard by restrictive measures related to the COVID-19 infection...

Call to protect Belarusian bike manufacturer in domestic market
Aleksandr Lukashenko noted that the domestic manufacturer holds about a third of the bike market in Belarus. In the coming years, this share should be increased to 50-60% and then more in the future...

BUCE sells Belarus lumber worth $2.6m to China
In monetary terms, this is the largest batch of lumber sold through BUCE. The products will be delivered to customers in China...

Belarus-Uzbekistan business council meet in Tashkent
The participants of the meeting discussed promising avenues of cooperation in trade and economy, and ways to make the most of business contacts of the two states. The participants from Belarus learned about Uzbekistan's projects in agriculture and food and the work of the Association of Electrical Engineering Enterprises of Uzbekistan...

Belarus intends to increase supplies to Pakistan's Punjab Province
The head of the Belarusian diplomatic mission also held a series of meetings aimed at strengthening economic cooperation with the Pakistani province. He held talks with senior officials of the Lahore city administration and the city chamber of commerce, local companies, associations of industrialists, dairy processors, and Chughtai Labs, one of Pakistan's leading medical centers...

Belarusian MMZ eager to sign over $4m worth of contracts in Uzbekistan
In 2019-2020 MMZ sold over 1,000 engines on the primary market and the aftermarket of Uzbekistan...

Yelizovo branch of Grodno Glassworks begins major modernization project
"We’ve already started implementing a project to modernize glass container shop No.4. The glass-making furnace will be completely redesigned to improve fuel economy. Respectively we expect it will reduce the prime cost of glass melt, which in turn is supposed to improve financial indicators. The equipment of the packaging section will be changed in order to improve performance"...

Belarusian commodity exchange registers 5,000th foreign company
According to the director general of Wenzhou Ruijun Steel, the company got accredited at BUCE to expand its geographic reach and to start working with Belarus’ largest consumers of metal...

Number of companies residing in Belarus’ Hi-Tech Park past 1,000
The new Hi-Tech Park companies specialize in various areas, including healthcare, financial technologies, digital commerce, gaming, transport, production sector, and agriculture...

Belarusian Universal Commodity Exchange facilitates first deal with Egyptian company
The Egyptian company Sama Al-Jazeera for Import and Export has bought a test batch of Belarusian sawn timber...

Belarus-Uzbekistan business council to meet in Tashkent on 4 March
Belarus will be represented by more than 70 heads and representatives of organizations and companies, including the flagships of mechanical engineering, biggest food manufacturers, pharmaceutical companies, logistics and insurance companies, research facilities and educational institutions...