Business news

Belarus, Russia reconcile cooperation algorithm in industrial policy
Roman Golovchenko explained that the issues discussed on 3 February covered the entire bilateral agenda in the field of manufacturing, defense industry, and space exploration...

Russia sees launch of new industrial projects with Belarus as important
"We have an opportunity to integrate our economies even more deeply and find additional points of industrial growth"...

Belarusian, Russian rail operators sign cooperation agreement
The agreement has been signed to keep up to date with the international legislation in rail transportation, to ensure its enforcement in rail transportation between interchange stations of Belarusian Railways and Russian Railways, and to promote further digitization of the shipping process...

Belarus expects to get second $500m tranche of Russian loan in H1 2021
BelTA reported earlier that the agreement to provide a $1 billion Russian loan to Belarus was signed on 21 December 2020. Belarus’ Finance Ministry received the first tranche of the loan worth $500 million on 30 December...

Belarus’ Mogilev Oblast, Russia’s Kamchatka discuss ways to increase mutual supplies
Attending the meeting on Belarus’ behalf were Director General of the BelCCI office in Mogilev Gennady Cherny, Deputy Director General for Foreign Economic Ties Tatyana Alekseyeva, Head of the office of the Belarusian embassy in Khabarovsk Valery Sakhno...

BelNPP produces first billion kWh of electricity
"Currently, the first unit is undergoing a stage of pilot operation, testing systems and equipment at the nominal power level"...

Belarus, China’s Sinotrans Limited agree to develop export of logistics services
The parties defined further areas of interaction to stimulate investment activity and develop the export of logistics services...

Minsk to host BUDEXPO 2021 on 17-20 March
The exhibition will include business events featuring a diverse array of specialists, seminars, workshops and lectures, presentations of creative ideas and projects, exhibition of works by young architects and designers...

Belarusian commodity exchange posts tenfold increase in export of rapeseed oil in January
Belarusian rapeseed oil was bought by companies from seven countries. China was the second largest buyer in terms of the amount of deals outpacing last year’s leaders Latvia, Estonia and Switzerland. By the way, China started purchasing rapeseed oil at the Belarusian University Commodity Exchange only this year...

Belarus, Indonesia to sign memorandum of cooperation in mechanical engineering
“Indonesia is a crucial partner of Belarus in Southeast Asia. It is a rapidly growing economy, a member of G20. In addition to that, Indonesia is a vast market with a population of over 200 million people. This country boasts a developed manufacturing industry. We supplied BELAZ vehicles and other equipment to this market. Our task is to expand our economic presence in this region,” Director of the National Marketing Center Valery Sadokho said...

Plans to boost Belarus-China cooperation discussed in Chongqing
During his three-day trip to Chongqing the Belarusian diplomat visited research facilities of Changan Automobile Group, one of China’s biggest car manufacturers. “The diplomat met with the company’s senior management to discuss bilateral cooperation”...

Better sales terms for Belarusian Amkodor forestry vehicles in Russia
Now the IDF’s Leasing Projects program provides loans to lease harvesters and forwarders at 1% per annum. In addition, preferential terms are granted to lease loading and unloading equipment and self-propelled vehicles, including forklifts and cranes...

4G available to almost 90% of Belarus’ population
Second-generation mobile phone technology (2G) reaches 98.7% of the territory of Belarus, and the 3G coverage is 98.4%...

BelAZ to ship 96 haul trucks to India
"According to the agreements, the first batch of six vehicles will be delivered in Q1-early Q2 2021. Based on the results of testing, a decision will be made on the delivery of the main batch of haul trucks"...

U.S. company mulling over pharmaceutical project in Belarus’ industrial park
"The parties discussed the business environment in the industrial park, benefits and advantages to its resident companies, and its development plans. Possible avenues of cooperation were also on the agenda of the negotiations. The company expressed its intent to establish a pharmaceutical factory in the Great Stone industrial park to produce a wide range of medicines"...

Another 12 Belarusian companies access Chinese market in 2020
“So far, 105 Belarusian companies have been accredited on the Chinese market. In 2020, another 12 enterprises were give a green light to export to the Chinese market. Against the backdrop of the general economic slowdown globally, Belarus and China kept their economic relations dynamic and even posted a surplus,” Ambassador Yuri Senko noted...

Belarus’ Great Stone park, Cuba’s special development zone sign memorandum of understanding
The parties are set to develop cooperation in attracting investment, strengthen relations between the business communities of Belarus and Cuba, and provide mutual information support...

Belarusian Potash Company to supply 800,000t of potash fertilizers to India at $247 per tonne
"Belarusian Potash Company and IPL understand the importance of such a contract for both the Indian and international potash markets. This is why they reached the agreement that will contribute to the stability of the global potash market and potentially higher prices in the future"...

Belarus to raise tariff on transit of Russian oil by over 6% as from 1 February
In August 2020, Gomeltransneft Druzhba proposed an unscheduled revision of the tariff, but the Russian party did not support that idea. After that, the Belarusian company suggested raising the tariff on oil transit by 24.5% in 2021 to compensate for its losses in 2020...

Lukashenko shown educational innovations at BSU
The head of state was briefed on the state and development prospects of the university. BSU Rector Andrei Korol said that the university is represented in 12 global and seven subject world rankings, including the Big Three QS-317, THE-1001+ and the Shanghai Physics subject ranking - 201-300. BSU's digital library has the status of Europe’s top and world’s third in the Transparent Ranking of Repositories...