Business news

New FEZ Vitebsk resident company to make special hydraulic press equipment
The company operates in Polotsk and specializes in designing and making special hydraulic presses for general engineering enterprises, railway enterprises, and defense industry enterprises...

Br268m spent by Belarus’ Development Bank to support private SMEs in 2020
A total of 1,168 projects were financed. Projects involving manufacturing accounted for 37.4% of the total...

NBRB head: The banking system remains stable
"The sufficiency of the regulatory capital of the entire banking system stands at 17% while receivables are at 12.5%. We see a considerable safety margin that allows banks to not only operate steadily but provide support to our economy later on"...

Belarusian light industry companies use BUCE exchange services to sell their products
“The most selling goods were fabrics, footwear, and personal protective equipment. We conducted the sales of these products in the industrial and consumer goods department. They were mainly sold domestically. Yet of some of these products were also sold abroad,” Roman Yaniv said...

Belarus, Egypt discuss cooperation in IT
The parties noted that Belarus-Egypt cooperation in advanced technologies, information security, and training of telecom specialists has great prospects. They also discussed prospects for cooperation between organizations and companies of the IT industries of the two countries...

Prospects for setting up China-Belarus innovation center discussed
The parties discussed the current status of the project and further plans for its development. They defined approaches to interaction of the Consulate General with the Foshan Institute and the National Academy of Sciences of Belarus to promote the project among the Chinese stakeholders...

Belarus’ Development Bank to lend up to $1.8m to Minsk National Airport for investment projects
In 2021, the airport will get up to $1.6 million for the project to build the second runway and the necessary auxiliary facilities. Another $200,000 will be allocated for the renovation of the Orsha airfield...

Belintersat-1 satellite provides services to over 200 TV channel, radio stations
The main users of its services are the content distributors of TV and radio broadcasting media. Today, the content of TV channels and radio stations of foreign countries of Central and Western Europe and Africa is distributed via Belintersat-1 satellite...

Belarus’ BelGee plans to sell 15,000-20,000 cars to Russia in 2021
In 2020, BelGee posted sales at 23,500 cars. Of them about 9,000 cars were sold in Belarus, the rest in Russia. The output was 20,400 cars...

Commodity exchange, investment agency to team up to attract foreign business to Belarus
BUCE and NAIP plan to hold joint business events in Belarus and abroad to promote exchange trading tools and strengthen the country's trade and investment potential...

Nationwide 5G coverage within five years deemed possible in Belarus
No final decision has been made on when exactly the 5G rollout will begin. The official reminded that a 5G working group had been established under the Council of Ministers in order to take into account all the peculiarities the introduction of the new technology may entail...

Beltelecom done testing 5G network, ready to deploy
The Beltelecom head expects the new technology to help develop the Internet of Things, unmanned transportation, the smart city concept, and to also interest members of the general public, who will actively use 5G capabilities...

Belarus’ BelGee to produce electric cars
“The production of electric vehicles in Belarus is a very important matter. We reached an agreement that from 500 to 1,000 electric vehicles will be delivered to our country in 2021, so that we will study demand, understand the market capacity, and prepare for production of such cars. Electric vehicles will be here by the second half of the year"...

Belarus’ commodity exchange reports soaring milk sales in 2020
Raw milk, oilseed meals and feed additives were the most popular agricultural products at BUCE. The sales of raw milk via BUCE surged nine times last year over 2019 in both physical and monetary terms...

BelNPP first unit reaches 100% capacity
The power unit will be accepted into commercial operation in due course after the successful completion of the comprehensive equipment tests...

Quality control of another batch of Sputnik V nearing completion in Belarus
When the quality control procedure is completed, the vaccination of frontline healthcare workers will continue...

Container shipment of Belarusian products to China 1.7 times up in 2020
In 2021 Belarusian Railways will continue working to enable conditions meant to further advance export shipments and promote Belarusian products to foreign markets by rail...

Eurasian Economic Commission passes fair trade business practice criteria
The private sector can use the recommendations as the foundation for working out responsible and consumer-oriented business rules...

Belarus' gold reserves up by 1 tonne to 43.2 tonnes in 2020
The gold reserves comprise precious metals in the form of bank bullion bars. They are managed by the NBRB and are part of the state fund of precious metals and precious stones of Belarus...

Belarusian Railways’ container transportation 1.4 times up in 2020
Most of the container trains travelling between the East and the West go via the border checkpoint Brest-Terespol...