Business news

Chinese company buys pilot batch of rapeseed oil at Belarus’ commodity exchange
Previously, Chinese companies had purchased exclusively timber through the exchange. The deal was meant to pave the way for the supply of Belarusian rapeseed oil and other agricultural products to the Chinese market through the exchange...

New resident company registered in free economic zone Mogilev
The company OOO Imperiya Green makes premium-quality fuel pellets and industrial-grade pellets. The products are sold on the home market and abroad...

Vitebsk Oblast agribusiness enterprises told to focus on raw materials, milk quality
"The Glubokoye dairy-canning factory demonstrated an increase in earnings and the volume of sales. The enterprise started earning profits. Even judging by this statistics one can say that the right decision has been made. But we may have to polish it a bit. This is why we will use monitoring data in order to arrange a major government conference to discuss results in detail and decide what else needs to be done in order to improve the effectiveness of raw materials zones"...

Minsk to host international agriculture expo Belagro 2021 on 1-5 June
The annual agriculture expo Belagro summarizes international experience in agro-industrial engineering and serves to find innovative solutions in the field of environmentally friendly materials and waste-free technologies. The expo is annually organized by the Belarusian Agriculture and Food Ministry...

Belarus-Colombia cooperation in engineering seen as promising
During the conversation, the ambassador noted that Belarus is interested in developing trade and economic relations with Valle del Cauca Department and its capital Cali...

International B2B contact fair in Brest due on 1-30 April
The BelCCI noted that the event serves to present the investment, economic, tourist, and scientific potential of Brest Oblast, to establish ties and strengthen relations between foreign and Belarusian organizations, companies, enterprises, political circles, and expert communities...

Great Stone industrial park expects to attract about 17 residents in 2021
"Yet these projects are very good, some are really system-forming for us,” Aleksandr Yaroshenko said. As an example, he cited a project to set up a multimodal railway terminal with the participation of Germany, China, Belarus and Switzerland, the construction of which will begin this year...

Last year’s sales of Belarusian government bonds summed up
As much as $225.56 million worth of registered bonds were sold via the trade system of OAO Belarusian Currency and Stock Exchange...

Delegation of Turkey’s Foreign Economic Relations Board to visit Belarus
Consul General of Belarus to Istanbul Aleksei Shved has met with Chairperson of the Turkish-Belarusian Council at the Foreign Economic Relations Board of Turkey (DEIK), head of the Soycan Group of Companies Yilmaz Soycan...

Belarus’ gold, forex reserves at $7.5bn
In 2020 the level of gold and foreign exchange reserves was maintained thanks to the revenues from selling government bonds nominated in foreign currency by the Finance Ministry in domestic and foreign markets, external government loans, other foreign currency budget revenue...

Belarusian steel mill BMZ’s first export shipments in 2021 off to Spain
A customer in Biscay Province, Spain will receive a batch of rolled metal products, which are intended for automobile engineering industry. This year’s first export batch of BMZ products was made in section rolling mill No.2. This division also shipped a batch of rebars to Israel in the first few hours of the new year...

Lukashenko about Horizont: I don’t regret keeping the enterprise running
The president also spoke in positive terms about the establishment of an innovative center at Horizont where IT specialists and developers work among other people. They create proprietary products, making Horizont a modern product company...

New company in free economic zone Vitebsk to make construction materials
The company has been established by Belarusian investors and specializes in making cement and concrete...

Belarus-Uzbekistan trade up 5.4% in January-November 2020
The export of Belarusian goods to Uzbekistan amounted to $187.1 million, up 10.8% compared to January-November 2019. The import from Uzbekistan decreased by almost 15% to $37.9 million. Belarus posted trade surplus of $149.2 million for the period...

Regional chambers of commerce of Belarus, Russia sign cooperation agreement
The parties have agreed to strengthen ties between businesses and help establish new, organize joint business missions, and exchange information about business environment, investment climate, and upcoming events...

Belarusian exports to Armenia amid pandemic discussed
The parties praised the current level of interaction between the countries and outlined specific steps to intensify cooperation in various areas...

Belarus’ proposals on natural gas transportation tariffs in EAEU common market outlined
Igor Petrishenko stated: “The Belarusian side does not insist on introducing a universal gas transportation tariff for all the Eurasian Economic Union member states. The Belarusian side does not try to force the countries to introduce government regulations of these tariffs if their national laws do not account for it. We suggest that regulatory bodies and monopolies of the member states should observe the key principle that ensures fair competition in the sphere of natural gas in the Eurasian Economic Union"...

Belneftekhim to gradually adjust prices for automobile fuel in Belarus in 2021
"We don’t intend to abandon the time-tested practice, of which the population and the private sector generally hold a favorable view. Depending on oil price changes and taking into account the complex evaluation of the operation of oil refineries, fuel prices will be either raised or decreased by Br0.01 per liter per week"...

Bellesbumprom’s export up by 3.9% in January-November 2020
"Export accounted for 76% of the total output of the companies affiliated with Bellesbumprom. This was the highest share of export in output in the history of Bellesbumprom"...

Belarus signs long-term oil supply contract with Azerbaijan's SOCAR
The contract has been signed for one year with the possibility of further extension. SOCAR Trading will supply Belarus with both oil from Azerbaijan and, potentially, from other sources. The volume of deliveries under the new contract is not disclosed...