Business news

Putin: Russia transfers coronavirus vaccine production technology to Belarus
According to Aleksandr Lukashenko, the production will be launched in Belarus in early March...

Northern Waterfront project might kick off in Belarus within month
Speaking about investments in the project, he noted that the investments are estimated at several billion euros...

Lukashenko to consider draft presidential decree on Northern Waterfront project soon
A company has been set up in Belarus to take care of the project’s implementation. “We expect the company will start working hard on developing the site after the presidential decree is signed”...

Flydubai starts flying from Dubai to Minsk
“We are convinced that the development of air service between Belarus and the United Arab Emirates, including the launch of air service by Flydubai, will contribute to closer cooperation between our countries in economy, culture, and tourism and to the increase in both direct and transfer passenger traffic,” Director General of Minsk National Airport Vyacheslav Khoronenko said when commenting on the new flight...

Belarus’ ambassador visits Turkey’s south region to discuss trade, culture
The head of the diplomatic mission put forward proposals of Belarusian businesses interested in supplying their products to Turkey and forging contacts with Turkish business people. The Turkish side showed a great interest in Belarus’ knowhow in the field of organic fertilizers...

Belarus suggests stepping up railway service, air service with Russia
The sides discussed further resumption of passenger transportation among other things. In particular, positive dynamics in the gradual resumption of passenger transportation by rail and by air was noted. Due to multiple appeals of Belarusian citizens Belarus suggested increasing the frequency of Minsk-Moscow trains and organizing daily stops in Orsha in addition to resuming train service all the way to St Petersburg and Adler...

Production of Chinese coronavirus vaccine in Belarus possible
Dmitry Pinevich remarked that the vaccine is very good and inactivated. Its action differs from that of the Russian vaccine that Belarus is now buying and intends to manufacture. “Our strategy is to have a pool of vaccines that will allow fully responding to the epidemic challenges that exist in the country”...

Belarus ready to discuss export of potash fertilizers via Russian ports
"We will trial these routes by exporting oil products. We are ready to discuss these matters with our colleagues later on. Not only potash fertilizers but forestry products, cargoes of the mechanical engineering industry, and so on"...

Belarus, Russia sign agreement on transshipment of oil products
The agreement envisages the transshipment of more than 9.8 million tonnes of Belarusian cargoes via Russian Baltic sea ports in 2021-2023. These include fuel oil, petrol and oil...

New timber harvester made by Belarusian Amkodor going through field trials
According to the source, the heavy timber harvester is designed to cut down trees, which trunks can be up to 75cm thick, and crosscut logs into timber assortments of specific sizes. The new machine has been made specifically for timber harvesting operations in Russia and other promising regions where tree trunks boast considerable thickness...

New FEZ Vitebsk resident company to make components for agricultural machines
The project provides for retooling and upgrading manufacturing facilities, buying modern high-performance equipment. It will allow increasing the overall output by at least 50%, expanding the choice of tines and torsion spring tines, extension springs, and compression springs for agricultural machinery manufacturers...

Opinion: Exchange trade helps Belarus diversify dairy exports
"At a time of high demand for food in the world, Belarusian dairy producers have all chances to carve out market share from EU and New Zealand manufacturers"...

Belarusian MAZ presents new electric bus in Kiev
The new bus is powered by a 300kW CeTrax electric motor from the German company ZF. The motor boasts low electricity consumption. The bus can travel for 280-320km thanks to batteries with the capacity of 412Ah (285kWh). It takes from 4 to 6 hours to charge the batteries...

Belarus to present over 150 defense products at IDEX 2021 in Abu Dhabi
The products on display will include grenade launchers, an automated meteoballistic complex, an armored personnel carrier equipped with a remotely controlled observation and fire complex ADUNOK, breadboard models of the multipurpose armored truck Zashchitnik and the armored recovery vehicle BREM...

13 new resident companies set up in China-Belarus industrial park Great Stone in 2020
As of early 2021 the total number of residents amounted to 68 companies, which intend to invest $1.2 billion in their projects. Over 1,000 jobs have been created, with the average salary the resident companies pay twice as high as the country’s average...

Belarus’ GDP up by 1.3% in January 2021
According to initial estimates, the GDP amounted to Br12.2 billion in current prices, up 1.3% in comparable prices over January 2020...

Bellesbumprom’s output 4% up in 2020
Despite the complicated market situation caused by quarantine measures Bellesbumprom’s merchandise export rose by 5% to $608.5 million. In 2020 Bellesbumprom’s export geography expanded to 70 countries...

Belarusian commodity exchange seeks closer cooperation with Volgograd Oblast of Russia
Opportunities for the use of the exchange mechanism in trade were considered during an online conference organized by the Russian Trade Mission in Belarus and the Export Promotion Center of Volgograd Oblast...

Belarus to take part in Gulfood 2021 expo in Dubai
"The national pavilion of Belarus will open at the exhibition in Dubai for the sixth year in a row under the invariable slogan Belarus - Taste of Nature. In 2021, the area of the Belarusian exposition will increase by half, including the stands of 25 companies: exporters of meat and dairy products, poultry and egg products, grocery and confectionery products"...

Commerce chambers of Belarus’ Grodno Oblast, Russia’s Primorsky Krai sign cooperation agreement
The parties discussed possible areas of cooperation, taking into account the specifics of the two regions, as well as joint foreign economic activities in 2021...