Business news

Gomel Oblast, Russia’s Bryansk Oblast keen to step up cooperation in mechanical engineering
The parties discussed ways to strengthen social and economic ties, including prospects for expanding the presence of the Belarusian harvester manufacturer Gomselmash in the market of Bryansk Oblast...

Belarusian BelAZ to expand cooperation with Russian AV Group
BelAZ has sold 15 BelAZ-7555V haul trucks to OOO Azot Mining Service, which is part of AV Group. The new 55-tonne trucks will be used to create a coal cluster in Russia's Krasnoyarsk Krai. BelAZ will ship another 15 haul trucks of the BelAZ-75131 model to Kemerovo Oblast companies in April-May...

Belarusian Bellegprom eyeing South Africa market
"We are interested in advancing cooperation with South Africa. I am convinced that fabrics of our flagship enterprises – Orsha Linen Mill and Kamvol – will interest the African side. Our key task is to study optimal logistics since South Africa is quite far"...

Opinion: Efficiency of Belarusian economy relies on human capital development
"While drafting a new Education Code, we should focus on the close ties between education, science and industry, on the ways to unleash the creative potential of an individual, without which a knowledge-based economy is impossible in principle"...

Ways to step up Belarus-Azerbaijan trade discussed
Igor Petrishenko said: “I would like to thank you for participating in the development of Belarusian-Azerbaijani relations. Cooperation has been developing vigorously, meetings and visits have been arranged for five years of your tenure already"...

Belarusian MAZ ships five automobile cranes to Vietnam
MAZ intends to ship more automobile cranes to Vietnam by the end of the year. Terms of the contracts are being negotiated...

Belarus, Russia’s Kursk Oblast discuss plans to boost exchange trade
These products include equipment for the food industry, high-tech rubber products, paper packaging and corrugated cardboard...

MAZ ships first batch of third-generation buses to Minsk
The interior design relies on European standards. The central platform offers space for people with disabilities and wheelchair users. The footstep rises only 32cm above the ground. A retractable electric ramp is available...

Trade minister urges to support domestic producers instead of fighting against import
According to the Ministry of Antimonopoly Regulation and Trade (MART), Belarus-made products account for 77% of foodstuffs and about 43% of non-food products sold in Belarus. Their share in total trade is about 60%...

Glazyev: Any economic success of Belarus provides integration effect for the EAEU
"Why has the Belarusian economy been a powerful engine of integration processes for a long time? Belarus is tied by industrial and technical cooperation, or, more precisely, the Belarusian economy, with the Russian partners, and this cooperation is based on creating products with high added value"...

Belarusian commodity exchange reports soaring sales of seeds, plant protection agents
The opportunity to find sellers and buy the necessary amount of products in one go appealed to big agricultural enterprises and holdings that previously had not traded via the exchange. At present, our every trading session features around 80 suppliers, which enables buyers to choose the best offer from the available ones...

Belarus, Palestine discuss ways to step up economic cooperation
The parties touched upon the most important issues on the Belarusian-Palestinian agenda, including practical steps to boost trade and economic cooperation and interaction between the two countries within international organizations. The parties also discussed the current situation in the Middle East...

Belarusian Amkodor testing new forwarder
The Amkodor FF1681’s back plate can be adjusted to better accommodate the logs it transports and distribute the load on the wheels. The cargo box can be expanded by 0.6m for transporting shortwood...

Plans to launch new project to produce biotechnologies at Great Stone industrial park
According to Dmitry Pinevich, plans are in place to implement an investment project to launch the production of biotechnological products and, perhaps, recombinant vaccines against COVID-19...

Belarus to roll out first commercial batch of Sputnik V in mid-April
Belmedpreparaty will manufacture 500,000 vaccines every month. The minister emphasized that each of these 500,000 vaccines will have two doses. In other words, they are meant for the two-dose vaccination of 500,000 people...

Mozyr Oil Refinery processes more oil in January-February
According to preliminary estimates, Mozyr Oil Refinery will process 815,000 tonnes of oil in March...

Belarus' external state debt 1.4% down to $18.3bn in February
In January-February 2021 Belarus spent $386.4 million to repay the external state debt, including $188.4 million to the Russian government, $186.2 million to Chinese banks and $11.8 million to the IBRD...

BelCCI launches Export Online project
In order to access large e-commerce platforms of China, Russia, the United States, and the EU, the BelCCI plans to organize a series of online events within the framework of the Export Online project to tell about export through digital cross-border trade platforms...

BelCCI to manage Eurasian register of industrial goods
Belarusian Chamber of Commerce and Industry (BelCCI) will cooperate with the Eurasian Economic Commission on the formation and maintenance of the Eurasian register of industrial goods of the EAEU member states on behalf of Belarus. The decision is stipulated in Council of Ministers' Resolution No.180 of 29 March 2021...

Belarusian Amkodor ships another forwarder to Ukraine
Amkodor shipped the first machine in 2014, second in 2015, third in 2018. The customer sent only positive feedback about all of them...