Business news

Belorusneft eager to extract more hydrocarbons in Russia
The project to extract hydrocarbons in Russia’s Yamalo-Nenets Autonomous District is of strategic importance for Belorusneft. Belorusneft’s daughter enterprise Oil Company Yangpur operates in the Izvestinsky licensed site...

Belarus’ timber export at over $120m since start of 2020
Sawn wood accounts for more than 66% of the total export...

Logistic potential of Belarusian companies presented in China
The seminar was the first Belarusian-Chinese forum in the area of transport logistics. It allowed shipping companies of the two countries to establish communication for the sake of future business cooperation...

Irish investor to build photovoltaic power stations in FEZ Vitebsk
The company has plans to implement a project to build photovoltaic power stations on the premises of the free economic zone, and later in Orsha, Polotsk and Novopolotsk...

Belarus, Switzerland to discuss trade, economic cooperation
The organization of the session was in focus of a meeting between Ambassador Extraordinary and Plenipotentiary of Belarus to Switzerland Aleksandr Ganevich and Head of the Bilateral Economic Relations Division of Switzerland’s State Secretariat for Economic Affairs and Federal Council Delegate for Trade Agreements Erwin Bollinger...

Belarus’ Gomselmash busy increasing output, sales
"In June-August 2020, we produced 200 self-propelled machines a month and sold about 240 harvesters a month, which was 1.5 times more than in 2019"...

Belarus’ fall in export to EAEU market due to pandemic smallest among EAEU members
“In the current situation, mutual trade definitely went down in all the EAEU countries and totaled $24 billion in H1. This fall came at over 14% year-on-year,” Iya Malkina said. “At the same time, Belarus saw the smallest decrease in supplies to the common market – just 6.1%. Belarus’ export to the EAEU countries amounted to about $6.5 billion,” she added...

Foreign investment in FEZ Minsk exceeds $118m in H1 2020
Key investors were Switzerland, Cyprus and China. Capital investment totaled $50.8 million, up 31% compared to H1 2019...

Belarus keen to boost trade with Serbia
The ambassador stressed the potential of private Belarusian manufacturers and noted that state-run enterprises should implement an active marketing policy in order to boost and diversify export of Belarusian goods to Serbia...

Great Stone park awarded for exemplary service in Beijing
The 2020 China International Fair for Trade in Services opened in Beijing on 4 September. The theme of the fair is Global Services, Shared Prosperity. The Chinese-Belarusian industrial park Great Stone took part in the fair and was awarded for exemplary global service...

Libya seeks to import MTZ tractors
The Libyan delegation asked MTZ to prepare business offers with characteristics of machines for them to place an order and conclude contracts in the short term...

One company to represent Belarusian tractor maker MTZ in Russia
All the other trading houses will be reorganized by MTZ withdrawing from their capital. Other Belarusian industrial companies use the practice. The business direction of tractor manufacturing will be controlled by the parent company just the way it is done all over the world...

Belarus' Development Bank, Belarusian Innovation Fund sign agreement on cooperation
"The State Science and Technology Committee and the Belarusian Innovation Fund are very important institutions in the country. They work with the financing of new innovation projects, which often require significant financial resources. The Development Bank, as the largest institution that helps attract investment loans to enterprises, will enable the State Science and Technology Committee and the Innovation Fund to finance more projects"...

Bellesbumprom seeks long-term supply contracts with USA
“Bellesbumprom products are becoming increasingly popular on the U.S. market. This week, from 7 to 12 September, the company is receiving a delegation of U.S. businessmen, who plan to conclude long-term cooperation contracts. The U.S. market is a relatively new and very promising for Bellesbumprom enterprises,” the company said...

Belarusian Industrial and Investment Forum due in Minsk on 29 September-2 October
The forum aims to help companies scale up the production of high-tech competitive products, implement new cutting-edge technologies and equipment, forge new international contacts and raise investment...

Belarus’ Belneftekhim confirms plans for oil flows switch from Lithuania to Russia
TASS reported earlier citing Alexander Novak that Belarus and Russia were considering a possibility to divert the export of petroleum products from Lithuanian ports to the Russian Federation. In his words, within September Russia will prepare proposals on the shipment of Belarusian petroleum products through Russian ports...

BelAZ to ship six 45-tonne haul trucks to Siberia
BelAZ-7547 haul trucks are designed to work in Siberian climate conditions as per the customer’s specifications. Air temperatures in Siberia often drop to 50 degrees below zero in winter while summers are short and hot. Even when torrential rains and blizzards turn roads into seemingly unpassable mud, the Belarusian haul trucks will keep working...

TeMEx international industrial online expo to run from 14 October 2020 to 14 January 2021
The expo will bring together companies from various countries and will showcase latest products of various industries, from large machines and raw materials suppliers to R&D, IT, and automation solutions...

Mozyr Oil Refinery about to finish building hydrogen plant as part of heavy oil complex
Startup operations are supposed to take place at the hydrogen production plant in late September. Construction and installation operations at a sulfur production plant are nearing completion as well. This plant is supposed to be commissioned together with an integrated hydrocracking unit...

First unit of Belarusian nuclear power plant begins hydraulic tests
Once the hydraulic tests are successfully completed, other operations will begin – the warmup of the primary circuit of the reactor up to nominal parameters, the assessment of its nominal characteristics and the consequent increase in the reactor’s output to the minimal controlled level...