Business news

Deals worth $750m to be signed during Belarus-Russia forum of regions
This year the format of the forum has somewhat changed. “Due to the coronavirus pandemic, workshops and a number of other events will be held by means of a video-conference on the first day. The event will continue offline on the second day,” Anatoly Isachenko said...

Over 300 companies from 14 states to attend Belagro 2020 expo in Minsk
Taking part in the expo will be more than 300 companies from 14 countries, including Belarus, Great Britain, Germany, China, the Netherlands, Poland, France, Switzerland and Sweden...

BelAZ to supply two 130-tonne haul trucks to Russian Apatit
The new vehicles are part of a large investment project meant to increase the resource base of the long-time strategic partner of the Belarusian company in the Kola Peninsula...

Premiers of Belarus, Russia discuss cooperation in financial, energy sectors
The heads of government discussed ways to expand cooperation in the financial sector, trade, economy and energy complex, including as part of the arrangements reached during the meeting of the heads of state of Belarus and Russia on 14 September...

Belarus, Armenia discuss future cooperation
The meeting focused on the main directions and prospects of further invigoration of Belarusian-Armenian cooperation. Interaction of the two countries within the framework of international organizations and integration associations was mentioned...

Belarus to sign $20m loan agreement with OPEC Fund in September
“The next project which is almost ready for signing is a loan agreement with the OPEC Fund. The money will be used to compensate for the state budget's previous expenditures on fighting the COVID-19 spread,” Andrei Belkovets noted. “We expect to sign the $20-million loan agreement in September”...

Belarusian MAZ ready to export to Libya
MAZ top managers assured that once the Libyan partners decide on the preferred vehicles, the company will prepare the appropriate offer with the terms of financing...

Belarusian Railways’ container transportation 1.3 times up in January-August
Belarusian Railways and interested companies are busy creating conditions for new projects and for developing existing projects to deliver Belarusian cargoes to China by container trains. Belarusian pulp, sugar, sawn timber, meat and dairy products have been shipped to China...

BelCCI to host online business promotion events
A total of seven different events are planned. These are streams, practical webinars and roundtable sessions. Online streams by heads of the BelCCI's structural units will familiarize the Belarusian business community with the new directions of the BelCCI activities and plans...

Belarus attends Global Automobile Logistics Conference in China
Participants stressed that in the current conditions of minimizing personal contacts, railway logistics shows a systematic growth and popularity among participants of international supply chains along the route China-EAEU-EU...

Presidents of Belarus, Russia agree to restore transport communication
“The two presidents agreed to instruct the heads of the corresponding agencies to prepare proposals to remove restrictions in transportation, i.e. to resume transport communication between Russia and Belarus,” the representative of the Kremlin said...

Putin calls for additional effort to increase Belarus-Russia trade
"We have very stable and deep manufacturing cooperation in a number of areas and industries. Unfortunately, the coronavirus has had a negative effect on our trade. It is natural and is happening all over the world. This is why I believe we should put more efforts into not only restoring precrisis trade figures and economic relations but creating prerequisites for moving forward"...

Russia intends to lend Belarus $1.5bn
He noted that the loan will be granted in the near future. “I hope that this will have an appropriate impact on the financial markets”...

Timber products account for over 40% of trade via BUCE in January-August
"The main growth driver was the sales of round timber on the domestic market. The sum of transactions in these products soared by 20% to Br559 million over January-August 2019"...

Lukashenko asks scientists to put forward ideas on additional use of electricity
He noted that the country is gradually increasing electric energy consumption among households and the economy. Incentives are in place to encourage electricity use...

Lukashenko attends NASB exhibition
The exhibition included seven sections: agrarian sector, sections of biological sciences, humanities and arts, medical sciences, physics, mathematics and informatics, physical and technical sciences, chemistry and earth sciences...

BelAZ ships three 220t haul trucks to Russia’s Belgorod Oblast
The 220t haul truck is fitted with a 2,300hp engine. These reliable and high-performance vehicles boast high-quality assemblies and mechanisms that ensure stable operation and traffic safety even under the most adverse weather conditions...

MTZ to showcase some 15 tractor models at Belagro 2020
MTZ plans to showcase some 15 tractor models, including several upgraded modifications which have not been displayed before. The demonstration will include wide-tyre vehicles for utilities services...

Gomeltransneft Druzhba comments on reverse oil supply agreements
"The pipeline transport system implies close cooperation with partners. We openly discuss technical possibilities"...

Mogilev District investment forum due on 11 September
The forum will bring together around 200 representatives of business, investment companies, associations of entrepreneurs, and international organizations from Belarus, Russia, Germany, Japan, China, and Turkey, as well as district and regional authorities...