Business news

Belarus, Russia’s Udmurtia look into boosting trade through exchange trading
“Belarus-Udmurtia trade amounted to $184.5 million in 2020, up by 12.5% over 2019. However, there is still untapped potential, including in exchange trading, which might become an effective instrument for increasing trade and expanding the range of supplied products that are in demand in the markets of Belarus and Udmurtia,” BUCE’s press service quoted Head of the Belarusian Embassy Office in Ufa Artur Karpovich as saying...

ENSREG experts arrive at BelNPP
The group of experts consists of nine people. They are representatives of Austria, Belgium, the UK, Hungary, Germany, Lithuania, Ukraine, and Finland. The group is headed by Director General of Finland’s Radiation and Nuclear Safety Authority (STUK) Petteri Tiippana...

Belarus' agricultural export up by 4.3% in 2020
"In 2020, Belarus exported over $5.8 billion worth of agricultural and food products, which was up by 4.3% over 2019. Currency earnings rose by $240.2 million year-on-year"...

Russia’s Jewish Autonomous Oblast keen to import Belarusian food products
The Mogilev Office of the BelCCI was represented by Director General Gennady Cherny and his deputy for foreign economic ties Tatiana Alekseyeva. Director General of the CCI of Jewish Autonomous Oblast Mikhail Polovinko and his deputy represented the Russian party...

Belarus’ Rogachev milk canning factory boosts export, expands geographic reach in 2020
In 2020, Rogachevsky MKK also launched supplies of its whole milk products to the markets of Kazakhstan, Afghanistan, and Turkmenistan...

Belarusian MTZ exports to non-CIS countries up by 18.5% in 2020
“Despite the coronavirus pandemic, the plant worked well in foreign markets increasing export by almost 20%. Sales to Russia and other CIS countries were slightly lower than planned but we did the best of this situation," said Mikhail Kadnikov, Deputy Director General of Marketing at MTZ. All in all, the export totaled $530 million in 2020...

Procedure for commissioning BelNPP startup facilities approved
The acceptance commission shall check the readiness of the startup facilities of the nuclear power plant for safe operation, assess the quality of construction, installation and start-up works and their compliance with the design documentation and the regulatory requirements for design, construction and commissioning of the startup facilities of the unit...

Belarusian FM, Russian ambassador discuss arms control
The parties discussed the current agenda of the Belarusian-Russian cooperation and interaction in integration associations and international organizations...

Belarus' Bellegprom extends reach into 52 markets
Bellegprom annually posts a foreign trade surplus. In 2020, the surplus reached $170.9 million. In Q4, the output of Bellegprom companies grew 1.5 times and export almost doubled over Q2...

Belarus PM cautions against overproduction in Eurasian Economic Union
The Belarusian head of government also stressed that Belarus stands for further improvement of the mechanisms to apply special protective and countervailing measures in trade with third countries, allowed by the WTO rules...

Chambers of commerce of Mogilev, Samara plan to sign cooperation agreements
"We also agreed to organize an online conference at the end of February with the presentations of the economic and industrial potential of Mogilev Oblast and Samara Oblast with the participation of the Ministry of Economic Development and Investments of Samara Oblast, Samara Technopark, and the Mogilev Free Economic Zone"...

Belarus' HTP export exceeds $2.5bn in 2020
“Belarus boasts the largest IT cluster in Eastern Europe - the Hi-Tech Park. In 2020, its export exceeded $2.5 billion, which is more than 20% of the total export of services of Belarus,” said Roman Golovchenko...

Lukashenko signs decree to improve export promotion mechanism
The decree lets the Development Bank of Belarus extend export loans to residents of Belarus for the production of goods, works and services and their subsequent sale to non-residents in 2021-2022; to use such financial instruments as factoring (assignment of monetary claims), post-financing and discounting of letters of credit in 2021-2022...

Belarus’ Gomselmash company, Russia’s Tula Oblast sign cooperation agreement
The cooperation between the parties will be aimed at supporting and developing agriculture of Tula Oblast. "Thanks to the agreement, agricultural enterprises of Tula Oblast will get a better access to Gomselmash’s farm machinery to"...

Belarusian commodity exchange gets ISO certificates in quality management, data security
BUCE became one of few Belarusian organizations to have a certified information security system compliant with the ISO 27001 standard. Most of such organizations are big financial companies or IT corporations. The procedure to get the ISO 27001 certificate is one of the most complex ones, which is why only eleven Belarusian companies received our certificate in the past...

Belarus, China sign agreement to build 20 social houses
The agreement has formalized the arrangements reached by Belarusian President Aleksandr Lukashenko and Chinese President Xi Jinping during a meeting in May 2015 on technical and economic assistance for the construction of social housing in Belarus. Under the agreement, China will provide ¥222 million in gratuitous aid in in 2021 to build 20 social houses for 1,166 apartments with a total area of 66,061 m2...

Belarus to train at least 500 specialists for nuclear industry by 2025
After processing the requests of government agencies and organizations, a decision was made to continue enrolling at least 20 people annually for each of the five main nuclear energy majors in three universities and Minsk State Energy College...

Belarus, Indonesia sign memorandum of cooperation in trade, economy
The event was held with the support of the Belarusian Embassy in Indonesia. The participants of the videoconference discussed bilateral cooperation in mechanical engineering...

Rising competitiveness of Belarusian products in Chinese market noted
Ambassador Extraordinary and Plenipotentiary of Belarus to China Yuri Senko held online negotiations with Ni Yuefeng, Minister for General Administration of Customs of China, and other top officials of the administration on 3 February...

Belarus, Russia reconcile cooperation algorithm in industrial policy
Roman Golovchenko explained that the issues discussed on 3 February covered the entire bilateral agenda in the field of manufacturing, defense industry, and space exploration...