Business news

BMZ’s wire rod sales to EU nearly up by 20%
This year BMZ exported wire rod to 13 countries of the European Union. The plant has significantly increased shipments to Poland, Romania, Italy and the Netherlands, which became BMZ’s largest importers in the EU. In 2020 wire rod was also sold to Bulgaria, Spain and Slovenia...

MAZ electric bus might get trial run in St. Petersburg
The MAZ 303E10 electric bus has lithium-iron-phosphate batteries with a high unit capacity and long lifespan...

BelNPP first unit connected to Belarus’ grid
The reactor power startup of the first unit of the Belarusian nuclear power plant is expected to happen in November 2020...

List of socially important goods in Belarus to expand in 2021
"We keep the list of socially important goods under strict control. We plan to expand it next year. We will do it on a market basis, following the course set by the president. Prices for staple food products that should be available for the overwhelming majority of the population should not rise sharply, no matter what happens,” Roman Golovchenko said...

Belarus to participate in China International Import Expo
The Belarusian national exposition at the China International Import Expo will open on 5 November. The event will be held online for the first time. The country’s biggest companies have already confirmed their participation...

Capital investment in Belarus projected at Br34bn in 2021
The bulk, about Br24 billion, will be used to renew the key assets of companies. It fact, this means modernization, new technology and equipment. The rest will be injected in the construction of housing, social facilities and infrastructure...

Belarusian oil refineries to process 1.65m tonnes of Russian oil in November
The oil will be delivered to Belarus by the suppliers who delivered the oil in the previous months...

New resident company of China-Belarus industrial park to make coronavirus tests
The company’s products will be used in medicine and clinical diagnostics, veterinary medicine and research...

Belarus, China to set up working group to simplify trade procedures
"Building up bilateral trade is one of the priority and most promising areas of further cooperation between the countries. The need to intensify direct contacts between Belarusian exporters and Chinese trade companies and chambers was noted"...

Private sector presses Eurasian Economic Commission for equal terms for joint ventures in EAEU
They also discussed problems of banking industry, labor migration, transport, and the removal of barriers on the domestic market of the Eurasian Economic Union...

Export of industrial, consumer goods via BUCE 4% up in January-September
Construction materials accounted for most of the transactions (about 76%). The deals primarily involved concrete blocks and silica bricks, which are exported to the European Union, Ukraine, and Russia...

Belarusian Vityas to make superfast vehicle charging station prototype by year end
In order to handle strong electric currents, the station will be fitted with a liquid cooling system. It will have a CCS Combo 2 power plug and will need about 10 minutes to fully charge a vehicle able to utilize the potential of such charging stations...

Belarus, Russia to sign food trade projections for 2021 in December
Ivan Krupko and Dmitry Patrushev discussed the marking of dairy products, matters of phytosanitary control, the fulfillment of this year’s food trade projections and the development of the next year’s food trade projections. The next year’s documents are supposed to be reconciled and signed in December 2020...

Africa viewed as promising long-term partner of Belarus
"Naturally, we have some experience of cooperation with this continent, but export diversification and development of foreign economic ties is a strategic and, in many ways, determining goal"...

China’s transactions at BUCE increase 10 times in January-September
According to the BUCE, the interest in exchange trading from Chinese business was generated by both favorable price conditions and convenient logistics offered by Belarusian exporters...

Europe-China rail freight traffic via Belarus up 1.6 times in January-September
Taking into account the continuing growth of container traffic, the Belarusian Railways, together with the participants of the transport services market, has been developing new routes through the Belarusian-Polish border crossings Bruzgi/Kuznica Bialostocka and Svisloch/Siemianowka...

Belarus to reduce export duties on oil, petroleum products on 1 November
In line with the document, the export duty on crude oil will be $42.2 per tonne, down from $45.4 per tonne...

Belarus’ sufficient capability to train personnel for nuclear energy industry pointed out
She pointed out that back in 2007 before the decision in favor of building a nuclear power plant was made, the Energy Ministry and the National Academy of Sciences of Belarus used international experience to evaluate what specialists the Belarusian nuclear power plant will need. The sides concluded it was necessary to work out a special personnel training program...

Gomelglass’ export 9% up in January-September
Gomelglass shipped over one third of its export to Ukraine, about one fourth to Russia, and 20% to Poland and the Baltic states...

Business club to showcase Belarus' economic potential in Japan
Belarus' Ambassador to Japan Ruslan Yesin held meetings with representatives of Japanese businesses interested in expanding trade and economic cooperation with Belarusian exporters...