Business news

Belarus, S Korea prepare to sign customs cooperation agreement
The parties discussed cooperation and exchanged the information on the degree of readiness to sign the intergovernmental agreement on cooperation and mutual assistance in customs affairs. At the moment, the draft document is undergoing domestic procedures in both states...

Belarus ready to supply e-buses, farm machines to Russia’s Astrakhan Oblast
"Belarus is interested in developing mutually beneficial cooperation and increasing trade with Astrakhan Oblast. For example, we are ready to organize deliveries of agricultural, utility, road-building and other vehicles, including Belkommunmash electric buses to the Russian region," Aleksei Avramenko said...

SOCAR to send another batch of Azerbaijani oil to Belarus
Belneftekhim Chairman Andrei Rybakov was quoted as saying that SOCAR may deliver up to 1 million tonnes of oil to Belarus in 2020...

BelCCI: Belarusian products can become a recognizable brand in Argentina
"The Minsk office will continue supporting and promoting export by holding such meetings on a regular basis, both in online and offline formats"...

Belarus-China Great Stone park to open innovation center by 2020 year-end
The center is designed to become a comprehensive platform for nurturing startups. The center is slated to come online by the end of 2020 and to go into full operation in 2021...

Plans to make first batch of electric cars in Belarus in 2021
"Rather serious preparations, financial resources, and return on investment are necessary in order to start producing electric cars or set up any manufacturing enterprise. We don’t see such economic effectiveness for now. However, even bearing it in mind we’ve set out to organize the production of 500 to 1,000 cars next year"...

Belarus to sign agreements on cooperation with five Russian regions
Agreements will be signed with Leningrad Oblast, Bashkortostan, Khabarovsk Krai, Samara Oblast and Kursk Oblast. The documents are concluded to facilitate cooperation in trade, economic, sci-tech, social and cultural sectors...

Belarus, Turkmenistan to discuss ways to address trade barriers
The negotiations will be organized by the Chambers of Commerce and Industry of Turkmenistan and Belarus. The meeting will be attended by the heads of diplomatic missions of both countries, representatives of various ministries and departments, expert economists and entrepreneurs...

Plans to commission joint venture to assemble MAZ buses in Moldova this year
The ambassador noted that Belarus-Moldova cooperation can grow stronger if focus is shifted to encouraging manufacturing cooperation ties between commercial entities, to setting up joint ventures, implementing investment projects, and expanding regional trade and economic cooperation. In his words, there are about ten Belarusian-Moldovan joint ventures in Moldova...

Belarus, Moldova to implement joint project in winemaking
"Our countries cooperate in different sectors. Winemaking is one of them. We will help companies from Moldova and Belarus in this sector. We are planning deliveries to third markets with the help of Italy and Spain, European chamber. This project is an opportunity to support our entrepreneurs," Sergiu Harea said...

New resident to build railway terminal in China-Belarus industrial park Great Stone
Once the railway terminal reaches the designed capacity, the volume of freight transportation will be 180,000 TEUs (twenty-foot equivalent units)...

Rail freight traffic from Belarus to Kazakhstan up 1.6 times in January-August
The main cargo items were coal, oil and petroleum products, ferrous metals, grain, sugar and other food products, construction and forestry goods, paper and coke...

Slovenian company interested in new projects with Gomel Oblast
Water purification and waste recycling were also mentioned among promising and important avenues of cooperation...

Russia’s Primorsky Krai eyes Belarusian electric buses, construction services
"A wide range of Belarusian products are supplied to Primorsky Krai, but there is still huge untapped potential. I think we will continue boosting trade as time goes by"...

Belarusian Belgospishcheprom plans to open company in China to promote exports
According to him, such a legal entity in China could be set up within the next few months. "We will open offices at the first stage, then warehouses, and then we will launch e-commerce"...

Belarusian companies team up to improve freight logistics to China
"The agreement will allow us to simplify logistics, reduce product costs and tap into new markets. China is our main target market. Today we have more than doubled the volume of exports to that country," said Anatoly Buben, chairman of Belgospishcheprom...

BMZ’s rebar sales to Africa nearly 20% up
On the whole, in January-August 2020 BMZ exported 1.4 million tonnes of metal products to 51 countries. More than half of the shipments went to Europe...

Plans to open Belarusian trading house in Russia’s Primorsky Krai
"We have decided to offer Belarusian consumer goods in all our big cities via the Belarusian trading house. We have already found investors who are interested in this project"...

Belarusian specialists ready to participate in Vostochny spaceport project
The president emphasized that the Belarusian construction industry is competitive in terms of quality and prices for services...

BelAZ ships three haul trucks to Korshunov Mining Plant in Russia
The BelAZ-75131 haul trucks are designed to operate in complicated Siberian mining conditions...