Business news

New oil deposit discovered in Gomel Oblast
According to preliminary estimates, geological reserves of the Guryanovskoye oil deposit are estimated at 600,000 tonnes...

Belarus, China in talks over agreement on investments, trade in services
The parties pointed out the strategic nature of the agreement and approved the terms of reference for the negotiations (fundamental principles and goals, areas, and mechanism of interaction). They also discussed certain matters regarding some sections of the agreement, including the ones related to trade in services, investments, and intellectual property protection...

International expo in Uzbekistan features 23 Belarusian companies
Representatives of Belarusian companies visited KRANTAS GROUP, MAZ-Tashkent, Magistral Diesel Service, as well as an authorized MAZ service center. “By the way, MAZ-Tashkent, a subsidiary of Minsk Automobile Plant in Uzbekistan, signed an agreement of intent worth $10 million for the supply of chassis and vehicle kits to assemble vehicles meant for the Uzbek market...

Plans to scrap roaming charges between Belarus, Russia in 2021
“I know that many are looking forward to scrapping roaming charges. Today the heads of two ministries confirmed that the interconnect rates dropped 20 times. The cost of the traffic itself has already been reduced from three to seven times depending on the provider"...

Balance sheets for Belarus’ machinery supplies to Russia approved
"Today, senior officials of the Ministry of Industry and Trade of Russia and partners from Belarus have informed that the balance sheets for the supply of Belarusian goods to Russia were agreed. These balance sheets apply to vehicles, combine harvesters, other mechanical engineering products, road equipment,” Dmitry Mezentsev said...

Belarus disconnects power lines with Lithuania during energy system testing
The tests are meant to check the reliability of the Belarusian energy system taking into account the planned exit of the Baltic states’ power grids from the BRELL system that unites Belarus, Russia, Estonia, Latvia and Lithuania...

Belarus, South Korea discuss ways to intensify cooperation
The parties discussed matters on the current agenda of Belarus-South Korea cooperation in politics, trade and economy as well as steps to advance the bilateral cooperation...

FEZ Minsk company creates 85 jobs to make cargo containers in Molodechno
The company intends to step up manufacturing, start making new kinds of products, and create another 30 jobs in 2021...

Belarusian commodity exchange unveils fastest-growing export markets for sawn timber
All in all, companies form 23 countries bought sawn timber on BUCE in Q1 2021. The biggest buyers were, as usual, Lithuania, Germany, and Latvia...

Belarus attends TajBelAgro forum in Dushanbe
Despite the geographical distance between the two countries, mutually beneficial cooperation has been steadily increasing. Mutual trade has grown five and a half times since 2016 to exceed $100 million in 2020...

Belarusian Bellesbumprom’s exports up 14.7% in January-February 2021
This year, Bellesbumprom's enterprises continue to steadily increase shipments to non-CIS countries, where they exported 23.8% more products than during the same period in 2020. Shipments to neighboring countries increased by almost 6%...

Belarusian Construction Week exhibition opens in Minsk
Developers, suppliers, manufacturers and other representatives of companies will have a great opportunity to use the exhibition to establish cooperation with their counterparts. Specialists from different areas of the construction industry will get a chance to conclude lucrative deals and find partners...

Belarus-Tajikistan trade, economic cooperation discussed
Belarus and Tajikistan have signed over 60 bilateral agreements. Regular sessions of the Belarus-Tajikistan intergovernmental commission on trade and economic cooperation are held. The sessions help implement new bilateral projects and help increase trade turnover...

Belarus, Tajikistan, Afghanistan sign eight partnership development documents
Participants of the forum noted that despite last year’s pandemic Belarus-Tajikistan trade more than doubled and positive dynamics was secured in cooperation with Afghanistan. Representatives of the Belarusian Chamber of Commerce and Industry said that the main purpose of doing business is to preserve and raise the current level of mutual trade...

Belarusian Bellegprom mulling over flax exports to Tajikistan
Issues related to cooperation between light industry enterprises of the two countries were discussed as part of the Belarus-Tajikistan intergovernmental commission on trade and economic cooperation...

Belarusian MAZ opens aftersales service center in Uzbekistan
The new aftersales service center will improve access to the maintenance of MAZ vehicles. Since Uzbekistan is a very promising market in terms of sales of trucks, passenger vehicles, and special-purpose vehicles, the expansion of the chain of service centers will increase sales of Belarusian vehicles in the region...

Belarusian Cement Company opens representative office in Ukraine
It is the fourth foreign representative office of Belarusian Cement Company. The company has its own trading houses in the Russian cities of Smolensk and Kaliningrad and in Polish Siedlce...

Higher requirements for nuclear energy usage licensing introduced in Belarus
The document takes into account licensing peculiarities in the course of building and commissioning nuclear energy usage installations, including the Belarusian nuclear power plant. The Nuclear and Radiation Safety Department of the Belarusian Emergencies Ministry (Gosatomnadzor) will be in charge of license control...

Belarus’ exposition opens at industrial expo in Uzbekistan
The exposition features products of mechanical engineering, metallurgy, chemical industry, pharmaceutical industry, as well as medical equipment, new R&D solutions and consumer goods...

Belarusian commodity exchange posts fivefold rise in cement export in Q1 2021
"Almost all cement sold at BUCE’s export trading sessions is purchased by Russian companies. Recently, they have carried out not just one-time transactions, but have signed long-term contracts to buy large batches of tens of thousands tonnes of products"...