Business news

Belarusian oil refinery Naftan eager to commission delayed coking complex by late 2021
The complex comprises 19 plants and installations. As many as 12 of them have already been built while operation commencement acts have been signed for some of them...

Belarus, Kazakhstan seek closer cooperation in exchange trade
There are plans to work out the possibility of prompt exchange of information on purchase and sale orders placed in the trading systems of the Belarusian Universal Commodity Exchange and the Astana Universal Commodity Exchange. This will make it possible to form a unified database with commercial offers of Belarusian and Kazakh companies and will contribute to the growth of mutual trade...

Belarusian footwear maker Belwest reports foreign trade surplus in 2020
The success is attributed partially to sales of the stock in storage, including foreign sales via the distribution chain. Those sales netted nearly Br17.5 million...

Belarusian government instructed to revise this year’s investment program
"Resources should be concentrated on the spheres of current interest: healthcare, transport infrastructure, power engineering, land melioration, and roads"...

Minsk Bearing Plant penetrates German market
In September 2020 MPZ won a tender to supply four bearings for mine fans to the company Ventprom Deutschland GmbH. These bearings were shipped to the customer on 21 January...

First unit of Belarusian nuclear power plant reconnected to power grid
Its output is being gradually increased in accordance with the program of the pilot commercial operation stage...

Lukashenko calls for harshest punishment for tax evasion
"We need to model our laws on those applied in the United States. Let's follow in their footsteps. No one will criticize us for that as we we will follow the example of the bastion of democracy. They have tough tax regulation and punish harshly for non-payment of taxes"...

Belaruskali ready to continue cooperation with Norway’s Yara
Belaruskali stressed that it stays in constant contact with its Norwegian partner and will continue to cooperate with Yara to ensure safe working conditions, improve the health and social security of its employees...

Belarus takes part in Armenia’s elevator modernization program
The parties discussed the status and prospects of cooperation between Belarus and Armenia in terms of modernization of the elevator sector in Armenia. The parties stressed the positive experience of installing Belarusian elevators in 2020 as part of the comprehensive program of the Yerevan City Hall...

Belarus, Israel determine areas for expanding cooperation
The parties discussed the state and prospects of bilateral cooperation in politics, trade and economy, humanitarian sector and also interaction within international organization...

First milk powder batch sold via Belarusian University Commodity Exchange to China
Two lots as large as 300 tonnes and 100 tonnes were available for sale. The total sum of the deals resulting from the trade session amounted to $940,000...

Light industry development plans unveiled in Belarus
During this five-year period, we will focus on increasing the processing depth of flax and leather - this is seen as a growth point for the light industry. The document also stipulates construction and commissioning of new production facilities, introduction of robotic hardware and software...

Belarus, Poland mulling over joint projects in green economy
Brest and Biala Podlaska are implementing several joint projects in line with the cross-border cooperation program Poland-Belarus-Ukraine for 2014-2020. One of the projects is aimed at developing transport infrastructure. The parties received a grant of over €2 million from the European Union...

Plans to expand line-up of Belarusian farm vehicles produced in Kazakhstan
In addition to the ESSIL harvesters, which have already gained the trust of Kazakhstani farmers, the company released ESSIL KZS-790 (GS3219) grain harvester in 2020. The vehicle was tested in Karaganda Oblast and performed well. This model will go into mass production in 2021...

Belarus ready to make electric cars of its own design
In his words, several battery models are being considered for the Belarusian electric car: lithium-ion batteries, graphene-lead batteries, and graphene batteries...

Belarus to start localizing COVID-19 vaccine production soon
"This will give us new competencies in the field of microbiology and pharmaceuticals"...

UK among major timber buyers at Belarusian commodity exchange in early 2021
"However, in late 2020, BUCE attracted several big foreign companies, including from the United Kingdom. The latest trading session demonstrated that exporting Belarusian products from round timber and debarked wood using the exchange offers great export prospects," Roman Yaniv said...

Belarus set to increase export of measuring equipment, laser devices to Japan
During the meeting, the parties exchanged their ideas on how to increase supplies of measuring equipment, laser devices and systems to the Japanese market...

Belarus' GDP down by 0.9% in 2020
According to initial estimates, the GDP amounted to Br147 billion in current prices, or 99.1% in comparable prices as 2019...

Belarus, Ukraine discuss national legislations
Representatives of the Economy Ministry of the Republic of Belarus, the Supreme Court of the Republic of Belarus and the Ministry of Justice of Ukraine held a productive discussion and exchanged views on various aspects of national legislations and law enforcement practices related to economic insolvency...