Business news

Smorgon forestry becomes FEZ Grodnoinvest resident
The implementation of the project will expand the range of products, increase the scale of production and increase exports, improve the profitability and efficiency of production, create additional jobs and increase budget contributions...

Belarus gets first $500m tranche of Russian loan
Belarus is supposed to get the second tranche worth $0.5 billion in 2021...

Belarusian Planar to sell photomask repair lasers to American company
The sale will allow OAO Planar to promote photolithographic mask fabrication products in non-CIS states and penetrate the U.S. market...

Belarusian MAZ opens electric vehicle assembly enterprise in Zhodino
The enterprise will make various modifications of trolleybuses and state-of-the-art electric buses. It will be able to assemble over 300 vehicles per annum...

Belarus saves some $750,000 per day on natural gas thanks to nuclear power plant launch
Roman Golovchenko pointed out that pilot commercial operation of the first unit is in progress now, with the reactor unit operating at roughly 75% of its output capacity...

Favorable terms of Belarus-Russia oil, natural gas trade contracts emphasized
Speaking about natural gas arrangements, Roman Golovchenko mentioned the price Belarus will pay is very comfortable and virtually on par with 2020’s...

Belarus to start producing Russian coronavirus vaccine by March
Speaking about the production volume he said that ‘there will be hundreds of thousands’. He added that this Belarus-Russia project benefits both countries in many ways...

Belarusian light industry to tap into market of Russian Smolensk Oblast
Bellegprom’s representatives held a meeting with officials of the Russian regional administration. Smolensk Oblast Vice Governor Aleksei Streltsov hailed active efforts of the parties to develop ties between economic entities, to promote cooperation in training and retraining of personnel. He also noted mutual interest in the development of cooperation between OOO Russian Linen and Orsha Linen Mill...

Minsk Bearing Plant completes 10-year-long retooling program
"The program was completed ahead of the great work to increase the output capacity, decommission outdated facilities, and bolster our competitive advantage on international markets thanks to innovative components"...

Belarusian commodity exchange reports growing sales of meat products in January-November
As much as 52% of the total amount was provided by Belarusian manufacturers. Suppliers from the UK, Latvia, Lithuania, and Poland accounted for the remaining 48%...

Aviation technology company presentation in China-Belarus industrial park Great Stone
A presentation of the company’s manufacturing and R&D site was arranged. The company focuses on designing and manufacturing unmanned aerial vehicles as well as multirotor and aircraft-type hybrid unmanned aerial vehicles (UAVs)...

Belarus signs oil contracts for 2021 with Russian suppliers
The head of government expressed confidence that by the end of the year “absolutely all contracts for the supply of oil to Belarus will be signed”...

Belarus’ inflation rate for 2020 expected at 6-7%
The head of government drew attention to the fact that this figure is above the planned 5%. “But I think that in the current circumstances this is not a failure but, perhaps, even an achievement, because the inflation did not go out of hand,” Roman Golovchenko noted...

Belarus, Russia in agreement on next year’s price for natural gas
The sides agreed on next year’s natural gas prices that are virtually on par with those of 2020. The level of prices is much lower than the one determined by the formula meant to set natural gas prices for Belarus. The formula is part of the intergovernmental agreement on natural gas prices, which was signed in 2011...

Belavia receives its first latest-generation Embraer E195-E2
Compared to the current generation of jets, Embraer E195-E2 offers lower operating costs. Larger wings and new engines enable to reduce fuel burn by 25.4% per seat. This jet is also the quietest and the most eco-friendly in its class...

Belarus seeks to expand cooperation in fur industry with Finland
Aleksei Samosuev held talks with Saga Furs CEO Magnus Ljung and Business Manager for Eastern Europe Dmitri Larionov. The parties discussed the outcomes of the online fur auction that took place on 15-17 December...

Belarus’ Gomselmash, China’s Zongshen discuss cooperation prospects
The online meeting was arranged with the help of the embassy as part of the agreements between Charge d'Affaires ad Interim of the Republic of Belarus in the People's Republic of China Tatiana Kharlap and Zongshen's Executive Vice President Li Yao. Taking part in the meeting were also representatives of the Industry Ministry of Belarus and the General Consulate of Belarus in Chongqing...

Belarus, Israel plan to hold export-import forum
They also discussed preparations for a regular meeting of the Belarus-Israel committee on trade and economic cooperation and a possibility to arrange an export-import forum for Belarusian and Israeli companies.....

Committed investments in Great Stone park estimated at $1.2 billion
"Great Stone is gradually turning into a modern park with full-fledged infrastructure and comprehensive investment environment. To date, 68 companies from 14 countries have been registered as residents with a total investment of more than $1.2 billion," Ambassador Xie Xiaoyong said...

China-Belarus science and technology center inaugurated in Great Stone park
The center will be the park’s first comprehensive platform to nurture innovative entrepreneurship and cooperation in science and technology. It will house research laboratories, incubation and acceleration zones for start-ups, a testing center and a small-scale production center, and a hall to showcase achievements...