Business news

Minsk Oblast, Russia’s Arkhangelsk Oblast to sign roadmap
The Economy Committee of the Minsk Oblast Executive Committee told BelTA that so far Minsk Oblast has signed agreements and protocols on cooperation with 42 Russian regions. Apart from that, 103 international documents on interregional cooperation between administrative units of Russia and district administrations and city administrations of Minsk Oblast are in effect...

Lukashenko: We need private companies, we don’t need privatization to suit foreign charlatans
Aleksandr Lukashenko stressed that one cannot take away from citizens what millions of people have created and give it to one investor...

New BelAZ director general to focus on higher output, new target markets
In his opinion, the global market situation is favorable for BelAZ because many enterprises were shut down due to the pandemic while BelAZ and other Belarusian factories kept working...

S&P affirms Belarus’ Development Bank 'B/B' ratings, revises outlook
The rating agency noted that DBRB's creditworthiness is closely linked to that of the sovereign...

MAZ nearly done testing new buses powered by natural gas
MAZ has already made such vehicles using German engines. The new buses use engines made by Weichai...

International forum BANKIT to be broadcast online on 1-2 December
The online format will help the forum expand the geography of participants and embrace a broad range of up-to-date topics and international trends in the digitization of the finance and credit sector...

Export of metal products via BUCE 17% up in January-August 2020
The export mainly included ferrous and non-ferrous scrap metal and also metal products of the Belarusian steel mill BMZ. The trading featured 24 buyers from nine countries: Germany, Canada, Latvia, Lithuania, Poland, Russia, the United States, Ukraine and Switzerland...

Almost 150 contracts signed between companies of Vitebsk Oblast, Russia in 2020
The contracts signed in the run-up to the 7th Forum of Regions of Belarus and Russia are worth a total of $42.4 million...

Great Stone to be promoted as EAEU main platform for transactions in yuan
The China-Belarus industrial park Great Stone is a special economic zone with a special legal regime. The park is located 25km from Minsk. The Great Stone is home to resident companies from 15 countries...

Lukashenko wants more homes to be built in Minsk satellite towns
The head of state reaffirmed his demand to scale down housing construction in Minsk in order to avoid overpopulation...

Call to expand Belarus' presence in Russian construction market
According to the head of state, the Russian Federation has been actively implementing various projects and Belarusian builders can be in high demand there...

Lukashenko: Building companies with production base should be the first to get construction projects
According to Aleksandr Lukashenko, there was a situation when state construction trusts with their own production facilities built housing on the order of private companies and the latter got most profits...

Belarus’ Mozyr Dairy Products resumes export to China
In August-September, the company supplied 125 tonnes of skimmed milk powder to China. Mozyr Dairy Products got access to this market in 2018 when the company was diversifying export to the EAEU and third countries: China, Pakistan, Morocco, and Turkey...

BUCE ready to cooperate with Russia’s forestry sector
"We are open for cooperation and in case of interest from the Russian side we are ready to offer our trading platform to forestry enterprises that would like to enter new markets and improve the efficiency of foreign trade activities"...

Research and Education Center with BelAZ participation to be set up in St. Petersburg
BelAZ and Saint Petersburg Mining University plan to establish a research and education center of mining transport engineering on the basis of the university. The agreements were reached during the visit of the Belarusian enterprise delegation to the Russian university...

Belarus’ nuclear power plant commissioning to be timed to 7 November
"I invite everyone. I think that on 7 November, which is a remarkable day for us, we will be able to go there and say that we have generated the first electricity at our nuclear power plant"...

Lukashenko: Some want to portray us as outcasts, but main global markets are with us
"They can offer a solution to the pandemic crisis. These regions include members of the UN Security Council – Russia, China, the CIS member states, and rapidly developing countries of Central Asia"...

Ninety Belarusian companies willing to take part in China International Import Expo
The expo is scheduled for November 2020. "We hope that the expo will take place after all, but our Chinese partners are still unable to confirm this"...

BelCCI develops new mechanisms for business promotion
"The BelCCI has developed a unique project, unmatched in the country. It is a business course entitled as the Academy of Export. Its start is scheduled for 24 September. During this course representatives of enterprises and individual entrepreneurs will get free of charge theoretical knowledge and practical skills in the field of foreign economic activity, management, finance, marketing, logistics, taxation, customs support, business communications with foreign partners"...

Lukashenko sends Independence Day greetings to Mexico
The head of state reaffirmed Belarus’ interest in stepping up contacts with Mexico. “I am convinced that our countries have a considerable potential for the development of an open political dialogue and also mutually beneficial cooperation in the trade, economic and other sectors,” the president stressed...