Business news

Belarus revises power industry development plan through 2025
The new wording of the plan includes a set of measures to increase electricity consumption through 2025 and a list of investment projects to build peak-reserve power stations and install electric boilers...

Container train with Belarusian products off to China
The train consists of 41 containers. The cargo is more than 2,000 cubic meters. Products will be delivered to the Qisumu station in China. The train will travel more than 7,000 km over 14 days. Beltamozhservice provides full logistics support in connection with China...

FEZ Grodnoinvest resident to develop network of photovoltaic power stations
Skywatt registered as a free economic zone resident on 8 October. The main idea of the investment project is construct photovoltaic power plants with a total capacity of over 12MW within FEZ Grodnoinvest area. Investment will exceed €5 million...

First batch of Belarusian fire trucks handed over to Mongolia
At the ceremony the Belarusian ambassador spoke highly of Belarus-Mongolia cooperation and mentioned that more joint projects relying on export loans might be implemented in the future. He underlined the particular importance of successfully implementing the first project for supplying Mongolia with Belarusian firefighting vehicles...

Belarus’ nuclear power plant expected to help replace 4.5bn m3 of gas
The construction of the nuclear power plant is an important milestone for the energy sector, Viktor Karankevich noted. He named promising applications of the electric power to be generated by the BelNPP. Among them are electric transport, heating and hot water supply in the housing stock...

Foreign diplomats visit Ivatsevichdrev company in Brest Oblast
“This is an established practice, and I want to say, it is of great interest to the diplomats, since it implies direct contacts with manufacturers, an opportunity to see their technological level. Most importantly, this type of communication produces tangible results,” Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich said...

Belarus’ MTZ, Russia’s Rosagroleasing expand cooperation
Three enterprises of MTZ Holding Company sell their products on the Russian market via Rosagroleasing: Minsk Tractor Works, (MTZ trademark) Smorgon Assembly Plant, and Bobruisk Plant of Tractor Parts and Units...

Belintertrans launches new multimodal container service from China to Europe
The pilot service was operated in August and September. The time of the journey from Chongqing to Hamburg made up 14 days...

Belarusian tractor maker MTZ presents latest products at Moscow expo
There are six models on display as part of MTZ’s exposition. Their engine capacity varies from 9hp to 450hp. They are designed for the Russian market. Each has been upgraded to a degree. “We hear and take into account opinions of customers as we improve our models to meet their wishes,” MTZ Director General Vitaly Vovk said...

Three new 136-tonne BelAZ trucks commissioned in Ukraine
These are the first trucks out of the five 136-tonne trucks delivered to Ukrainian partners as part of the investment program ArcelorMittal is implementing in Ukraine. Two more trucks are being assembled and will enter into service by the end of the year...

Belarus’ GDP may grow by over 20% within five years
The economy minister said: “We see that economy may expand by more than 20% over the course of five years. We intend to increase export up to $50 billion in 2025 and raise over Br200 billion in investments within five years in order to create a modern infrastructure and develop manufacturing enterprises”...

Belarus, Kazakhstan discuss upcoming meeting of joint trade, economic commission
The parties discussed a wide range of matters of the Belarusian-Kazakh cooperation and prospects for holding the next meeting of the Belarus-Kazakhstan intergovernmental commission on trade and economic cooperation...

Bellesbumprom pulp, paper export almost 30% up in January-August
Thanks to efforts to upgrade the existing facilities and build new ones, the pulp and paper industry has been steadily developing, increasing output and export...

Bellesbumprom’s recent accomplishments discussed
According to the source, the industry operates steadily. The financial and economic performance targets are mainly hit. There are complications with efforts to increase export. At the same time Bellesbumprom’s export to the European Union and China is fine. “We’ve also reached an optimal distribution between markets – 30-30-30. We are not dependent on one single market”...

Lukashenko urges to develop wood production
He remarked that Belarusian enterprises have already learned to make the so-called semi-finished products – pulp and paper. “Let’s make, for example, cardboard to substitute imported cardboard from Poland, Germany. Let’s make it here instead of exporting pulp and buying finished cardboard,” the president stressed...

Belarus to buy IFC shares worth nearly $11.4m
The document reads that the Belarusian government agrees on the proposal of the Finance Ministry regarding additional subscription to 11,392 shares of the International Finance Corporation worth $1,000 each to the total of $11.392 million...

Belarusian Potash Company ships potash to China via Northern Sea Route
The delivery time was reduced by 1.5 times in comparison with traditional routes. Charter costs were reduced considerably as well...

BelAZ to ship four more haul trucks to Russian gold mining company
Susumanzoloto Director General Aleksandr Chugunov noted that the new trucks demonstrate good performance in extremely low air temperatures. OOO Sever operates close to the northern hemisphere’s pole of cold. Susumanzoloto is convinced that the new trucks of the BelAZ-7555 series will increase labor productivity and reduce the cost of gold mining...

Belarus’ Customs encourages private companies to more actively use domestic logistics hubs
Yuri Senko said that a lot of things can be done in Belarus. In particular, he mentioned the services that Belarusian private companies are accustomed to buying in Lithuania and Poland. Transport and logistics hubs are available in Belarus. They can provide various services relating to merchandise storage, fulfillment, labelling, and sorting...

Belarusian nuclear power plant gets seventh link to power grid
The 250km-long power line will enable electricity transmission from the Belarusian nuclear power plant to the western part of the country’s power grid in the future. It is the longest 330kV power line in Belarus’ power grid...