Business news

Minsk to host Lesdrevtech 2021 forestry exhibition on 20-23 May
“This is not only a large-scale exhibition of forestry vehicles, woodworking equipment but also an opportunity to buy products. The exhibition will bring together representatives of such countries as Russia, Italy, Czech Republic, Germany, Poland and Slovenia," said Lyubov Smirnova...

Rogachev Milk Canning Factory makes first delivery to Jordan
Dairy products are widely used in Jordanian cuisine. The country produces condensed milk domestically, but also needs to import it in order to satisfy the demand for this product...

Belarusian tour operators to gather for open-air meetup in Braslav on 14 May
Forty-five major tour operators of Belarus have applied to participate in the tourist exhibition in Braslav District. They will share their experiences and talk about new forms of work...

Belarus' merchandise, services export up 19.5% to $10.3bn in Q1 2021
Over the first three months of 2021, the trade in goods and services totaled $19.794 billion, up by 17.1% over the same period of 2020...

Minsk to host China-Belarus youth contest of innovation projects on 20-21 May
Taking part in the event will be students, graduate students, postgraduate students and young scientists with presentations of their projects...

Belarus plans to buy Sputnik Light vaccine
“I believe that we will not only purchase this vaccine, but also launch its production in Belarus. We should study the documents carefully first, but, as far as I understand, it is a single-dose vaccine that was approved for people aged 18-40. However, it is a long-term plan, as the vaccine will be rolled out only in 2022,” Dmitry Pinevich said...

Belarus, South Africa to strengthen business contacts
The parties discussed the prospects of trade and economic cooperation between Belarus and South Africa, priorities for the development of business contacts, and the main areas for cooperation. They also discussed the possibility of organizing business events during the fifth session of the Belarus-South Africa Trade and Economic Cooperation Committee...

Rogachev Milk Canning Factory makes first shipment to Libya
This market is new for the Belarusian producer. It is not traditional condensed milk with sugar that is popular here, but condensed milk without sugar. It is added to tea, coffee and is used in cooking...

Belarusian MAZ presents passenger vehicles at expo in Moscow
MAZ’s exposition features the electric bus MAZ 303E10 and the Gorozhanin trolleybus assembled by the Ufa tram and trolleybus plant on the basis of a second-generation MAZ trolleybus...

Georgian feed additives manufacturer eyes Belarusian commodity exchange
Following the negotiations, Stefan von Wolf du Ross expressed interest in trading on BUCE to get access to the Belarusian commodity market...

Belarus-Uzbekistan trade up by 25.3% in Q1 2021
Belarusian exports increased by 37.4% to $58.7 million during this period, while imports of Uzbek goods rose by $8.8 million, or 79.2% over Q1 2020. Belarus had a surplus of $49.8 million in trade with Uzbekistan...

Belarus' gold, forex reserves up 4.9% to $7.3bn in April
"The increase in the volume of the gold and foreign exchange reserves in April 2021 was mainly due to the purchase of foreign currency by the National Bank via the Belarusian Currency Stock Exchange, the increase in the cost of monetary gold and also the foreign currency budget revenue"...

Ambassadors of Belarus, Slovakia to Russia confirm interest in stronger economic cooperation
Vladimir Semashko and Lubomir Rehak discussed the development of Belarus-Slovakia relations and confirmed the mutual interest in stepping up trade and economic cooperation and invigorating regional and cultural ties...

Minsk Motor Plant to launch regular supplies of engines to Russia’s Chita
The cooperation with the Russian company was established in 2019, when the new plant ordered a test engine for trials as it was planning to use this model in single-bucket wheel loaders with the carrying capacity of 3 tonnes...

Economy minister: Belarus increased FDI inflow in 2020
According to him, the competition for foreign investment has sharply increased in recent years. This is partly a consequence of weaker international investment flows triggered by the COVID-19 pandemic...

Belarus, Moldova to expand cooperation in agribusiness
Ivan Krupko and Ion Perju discussed an increase in trade and economic cooperation between Belarus and Moldova, including the expansion of mutual deliveries of agricultural products and food...

Delegation of China’s Guizhou Province business circles to visit Belarus
These matters were discussed in detail as the Belarusian delegation met with Deputy Director of the Guizhou Province Commerce Department Ran Li...

Belarusian Steamship Company ready to transport BMZ products to Europe
Belarusian Transport and Communications Minister Aleksei Avramenko visited BMZ and met with the company’s Director General Dmitry Korchik...

FEZ Grodnoinvest exports up 23% in Q1 2021
"The key markets are Russia, Ukraine, as well as the European Union countries. In the first quarter of the year the export of Belarusian products to Russia went up 21% to about $180 million, the export to Ukraine totaled $25.7 million"...

Prime minister: Belarusian economy reached a steady growth trajectory in Q1 2021
The prime minister said: “Results of the first quarter inspire cautious optimism as diplomats put it. The economy reached a steady growth trajectory virtually in all the indicators”...