Business news

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...

Belarus annually exports some 400,000 tonnes of potatoes
Belarus’ main export markets for potatoes are Russia (80% of the total), Ukraine, Serbia, Uzbekistan, Tajikistan, Kazakhstan, and the Baltic states...

Belarus’ commodity exchange to build closer ties with Russia’s Volgograd Oblast
Following the talks, several companies from Volgograd Oblast said they would like to sell their products through the industrial and consumer goods section at BUCE. There are plans to consider auctioning products for the construction industry, packaging materials and food products...

Belarus to raise export duties on oil, oil products on 1 April
In line with the document the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils will be $57.6 per tonne ($49.6 previously)...

Belarus seeks to export more food, textile products to South Korea
Valery Sadokho emphasized that Belarusian food and textile products have great prospects on the market of the Republic of Korea. According to him, Belarusian enterprises have sufficient production capacities to meet the demand of the Korean market. Certain Belarus-made light industry goods are in great demand in the Asian market...

Gomselmash to increase export to Kazakhstan in 2021
Gomselmash Director General Aleksandr Novikov visited AgromashHolding KZ and met with the company’s president Alexandr Lavrentyev. The parties reached an agreement to increase the volume of supplies...

Belarus’ investment structure to be discussed in Mogilev
The conference will be grouped into thematic sections that will discuss approaches to understanding the functions and competencies of each element of the investment infrastructure of Belarus. The participants of the forum will also consider possible models of inter-agency cooperation at all stages of the investment process...

Belarus’ agricultural export to Tajikistan 1.4 times up in 2020
Belarus-Tajikistan trade in agricultural products and food totaled $9.8 million in 2020. Belarus’ food export to Tajikistan rose by 1.4 times to $9.5 million...

Gomel Oblast exports to China up by a third in 2020
All in all, local enterprises export more than 65% of their output to 92 countries...

Call to make most of cooperative chains in Belarus
Aleksandr Chervyakov cited cooperation between the metallurgical plant and the Olsa company as an example of successful cooperation. "The executive committee and the Industry Ministry helped secure favorable terms of the supply of special pipes to manufacture consumer goods, which accounted for 30% of the plant’s workload. Previously, the Olsa company had to purchase rolled pipes abroad"...

Belarus might develop its first prototype vaccine in late August
According to Dmitry Pinevich, the production of a vaccine consists of several stages: first, one needs to get a vaccine in vitro in a test tube setting, then scale it up to a pilot production batch, and only after all the trials are over, the mass production of the vaccine can begin...

Minsk to host TIBO 2021 forum on 1-4 June
The committee will have to ensure coordinated work for the sake of timely and proper formation of the exposition, preparation and organization of business events during the forum...

Belarusian heavy truck maker BelAZ eager to increase export by 60% in Q1 2021
"BelAZ has retained its positions on the world market. Demand for the vehicles is steady. The company is increasing deliveries to Russia, the People’s Republic of China, India, and other remote countries"...

Russia’s Primorsky Krai seeks closer cooperation with Belarusian tractor engineering company MTZ
This year, MTZ has already delivered about 30 pieces of BELARUS equipment to Primorsky Krai. By the end of the year the parties are set to increase deliveries to at least 140 machines, or 27% up from 2020...

Commodity exchanges of Belarus, Saint Petersburg keen to boost cooperation
A delegation of SPIMEX led by SPIMEX Vice President Aleksei Gerasyuk visited BUCE’s central office...