Business news

Over $800m spent on repaying, servicing Belarus’ foreign state debt in Q1 2021
"Since a considerable part of our commitments is in Russian rubles, we are interested in the Russian market where we can borrow funds and spend them on repaying and servicing our commitments to the Russian Federation"...

Minister: More businesses report positive expectations in Belarus
"Demand has bounced back, almost a third of the answers confirm this. A quarter of the respondents reported that demand in foreign markets has been growing too"...

Belarusian government approves program on electric transport development till 2025
The program is aimed at creating a new area of economic growth on the basis of forming a branch of the mechanical engineering industry that will make electric vehicles. The program will also enable conditions to encourage broader adoption of electric motion vehicles, conditions for expanding electric transport infrastructure and for minimizing environmental impact...

Belarus, Pakistan set to boost trade, economic cooperation
The parties discussed topical issues of the Belarus-Pakistan agenda with a focus on trade, economic cooperation and educational contacts...

India offers Belarus its COVID-19 vaccines
Belarus and India have decided to invigorate cooperation in healthcare, with the focus on the pandemic response, Vladimir Makei said as he spoke about the meeting between Aleksandr Lukashenko and Ambassador Sangeeta Bahadur. “India has already rolled out two vaccines and has offered Belarus to use them for mass vaccination,” he added...

Belarus interested in developing mutually beneficial cooperation with Pakistan
"The relations between our countries are based on trust, friendship, mutual respect for the interests. Bilateral political ties are being developed, economic contacts are growing stronger, including at the business level," the minister said...

Austrian company interested in new product of Belarusian engine maker MMZ
The Austrian company makes municipal vehicles and has reached out to MMZ via its Russian partner to suggest using the Belarusian engine instead of an Italian one as part of a suction sweeper the Austrian company makes...

Belarus to increase food export to $6bn in 2021
Speaking about promising markets, Aleksei Bogdanov noted that domestic food producers are eyeing the Asian market, mostly China...

Belarus-China industrial park to host Belagro 2021 expo on 1-5 June
"The expo is usually held in the first summer month. This year’s edition has been scheduled for 1-5 June. This is the largest agricultural expo in the post-Soviet space. It brings together participants from more than 30 countries," Aleksei Bogdanov said...

Belarusian ambassador visits Russian Orenburg to discuss cooperation prospects
Vladimir Semashko met with Orenburg Oblast Governor Denis Pasler. The sides outlined the current state and the nature of mutual trade. They confirmed the interest and the need to advance and enhance social, economic, and humanitarian ties...

Belarus seeks to step up investment cooperation with South Korea
Apart from discussing the bilateral investment cooperation, the parties exchanged opinions about prospects for South Korea’s participation in implementation of various infrastructure projects in Belarus...

BUCE reports 8-fold increase in purchases by Belarusian meat processing plants
Belarusian meat processing enterprises bought almost 5,500 tonnes of meat and semi-finished products worth a total of Br28.2 million at BUCE’s trading sessions in Q1 2021...

Plans to extend service life of Belarusian satellite BKA
The BKA satellite was created thanks to R&D efforts of Belarus and Russia. It was successfully inserted into orbit in July 2012. Together with the Russian satellite Canopus-V it comprises the Belarusian-Russian satellite constellation for the remote sensing of Earth...

Belarus ready to supply electric bus prototype to Russia’s Orenburg for trials
"We produce the whole range of trolleybuses and trams. We have also launched the production of a new type of transport - electric buses. We could supply you with an electric bus prototype for free for some time, for six months or a year,” Vladimir Semashko said during a visit of the Belarusian delegation to the region...

Russian Railways ready to ship Belarusian timber products, fertilizers to Russian seaports
Seaports located on the Russian Black Sea Coast have also expressed interest in handling Belarusian cargoes...

Belarus discovers 8 new oil deposits over past five years
Within the next two years the company is going to drill 12 more prospecting and exploratory wells aimed to discover new deposits. Recent discoveries confirm the potential of the central structural zone of the Pripyat Trough. In general, eight deposits were discovered in this structural zone, five of which during the last three years...

Belarusian neural network detects asymptomatic pneumonia
The service can detect pulmonary fever by processing an x-ray image. The artificial intelligence determines the patient’s status – normal, pneumonia, another pathology – on the basis of about 250,000 images. Every diagnosis has a degree of accuracy and it is up to human medics to make the final diagnosis...

Grodno Oblast to step up cooperation with Russia’s Tuva Republic, Komi Republic
The Grodno Oblast Executive Committee hosted a web-based meeting of the working groups on cooperation between Grodno Oblast and the Tuva Republic and the Komi Republic. These committees are led by the Grodno Oblast Executive Committee...

Belarusian government’s spending on pensions comparable to Europe’s
Retirement pensions have been revised nine times since 2016 due to the growth of the average salary. As a result, in 2016-2020 the pension of a non-working pensioner increased by nearly 1.7 times in comparison with 2015 (the real growth was 1.2 times up)...

Mezentsev: Belarus may ship up to 3.5m tonnes of crushed stone to Russia annually
“The issue topical for builders was a difficult one during the discussions. The matter is prosaic, yet very important. It pertains to the supply of crushed stone to Russia. The building material is demanded by the construction industry of Moscow, St. Petersburg and the southern regions of Russia,” said the state secretary...