Business news

Baranovichi university to host international conference on innovative development
“Together with our foreign colleagues, we are organizing a comprehensive scientific and educational multidisciplinary platform. Today the world is driven by innovation - in economy and society. It is the know-how, the original product that lies at the heart of competitiveness of an organization, region, or a country,” Vladimir Klimuk noted...

Economy Ministry, EDB discuss cooperation on implementing long-term infrastructure plan
Apart from that, the economy minister mentioned the importance of the EDB’s support to clients in Belarus for the sake of maintaining the stability of their financial status in conditions of uncertainty caused by the coronavirus pandemic...

Belarusian BelAZ ships four 240-tonne haul trucks to Russia’s Sverdlovsk Oblast
The haul trucks were made to specifications of the Kachkanar mining and processing enterprise (EVRAZ KGOK). In particular, the vehicles are fitted with diagonal ladders, automatic fire-extinguishing systems, panoramic cameras, and digital screens to display the load level of the bucket in tonnes...

Belarusian Amkodor ships first timber harvester to Ukraine
According to the source, a Ukrainian logging enterprise will receive an Amkodor 2551 timber harvester. The machine is designed to fell trees, cut off branches, and cross-cut logs into sections of a specified length in the course of clear-cut harvesting operations...

Belarus’ consul general, Chinese partners discuss Great Stone development prospects
Negotiations were held with Chairman of China Merchants Shekou Industrial Zone Holdings Co Ltd. Yong Jun Xu as well as with Assistant General Manager of China Merchants Group Li Yadong. The parties discussed promising areas of development of the China-Belarus Industrial Park Great Stone, common approaches and further joint steps to promote it with the participation of China Merchants

Belarus identifies economic recovery, higher trade as CIS goals for now
The official said that at present the Commonwealth of Independent States has to take effective measures to recover from the economic recession, to step up mutual trade and foreign trade, to restore normal business contacts and labor migration...

Eurasian Development Bank to sign €100m loan agreement with Minsk Oblast energy company by year end
The press service added that the bank is intent on continuing providing loans to enterprises of the Republic of Belarus not only in the economy branches the EDB usually works with such as power engineering, mechanical engineering, metallurgy, extraction of natural resources, finance (banking). The bank intends to actively explore new economy branches, primarily the IT industry...

Belarus to export sawn wood to Egypt via BUCE
BUCE’s representatives met with top managers of the company Sama Al-Jazeera for Import and Export. The parties agreed to launch export of Belarusian sawn wood to Egypt via the commodity exchange. This will enable Egyptian companies to purchase products of the woodworking industry in unlimited quantities and without intermediaries...

Belarus to showcase food products at Gulfood expo in UAE
Gulfood annually draws around 100,000 specialists from 192 countries, which makes participation in the event a good opportunity to launch supplies of goods to all continents...

Serbia offered new fire truck models based on MAZ chassis
During the meeting prospects of advancing Belarus-Serbia cooperation in law enforcement and in the prevention of emergencies were discussed...

Belarusian oil refineries to get some 1.64m tonnes of Russian oil in December
"The nature of deliveries of hydrocarbon raw materials to Belarusian oil refineries in December will stay the same as it was in November"...

Belarus eager to participate in expos in Kyrgyzstan in 2021
The negotiations took place in the Embassy of Belarus in Kyrgyzstan. The sides discussed prospects of participation of Belarusian companies in expos and fairs in Kyrgyzstan in 2021. Possible avenues of cooperation between the Belarusian side and Biexpo Company were explored...

Belarus, Russia, Kazakhstan sign agreement on international mail transit
"The trilateral agreement envisages the development of logistics services to deliver international mail between the countries, the development of products to organize their transit en-route Asia-Europe, Europe-EAEU countries and the neighboring markets, USA-EAEU countries and others"...

VEB.RF to finance BelAZ machinery supplies to Uzbekistan
"This project will mark a successful start of a new form of cooperation to promote the export of Russia-Belarus products to third countries," Vasily Matyushevsky, Chairman of the Board of Bank BelVEB, said...

Mozyr Oil Refinery to get 160,000t of Azeri Light oil in November-December
"With current settings the use of light oil represents an effective way to increase the output of light oil products"...

Belarus, Egypt discuss prospects for industrial cooperation
The parties also talked about the provision of after-sales services and marketing of joint products, including in African countries...

Vegetable oils, beet pulp account for 47% of agricultural export via BUCE
The strategic export markets for such products are the Baltic states and Western Europe. For example, Lithuania bought $11.8 million worth of colza oil, up by four times year-on-year...

Belarus-Africa video conference to highlight business projects on 9 December
Diplomats will present information about the trade and economic relations, promising infrastructure, logistics, investment projects and opportunities for business cooperation with the countries of the African continent...

Belarus, Russia’s Chelyabinsk Oblast to hold online business forum on 11 December
The event will be held as part of the 12th meeting of the joint working group on the development of trade, economic, sci-tech and cultural cooperation between Russia’s Chelyabinsk Oblast and Belarus. Participating in the meeting will be Belarus’ Minister of Antimonopoly Regulation and Trade Vladimir Koltovich and Governor of Chelyabinsk Oblast Aleksei Teksler...

Twinning of districts of Minsk, Chinese Guangzhou under consideration
During the talks close attention was paid to possible interaction within the framework of the China-Belarus industrial park Great Stone. The importance of this large joint project, which represents an important link in implementing China’s Belt and Road initiative, was underlined...