Business news

Belarusian Cement Company’s sales proceeds over 10% up in H1 2020
In January-June 2020 Belarusian Cement Company made nearly 2.3 million tonnes of cement, 102.3% as against H1 2019...

Ambassador: Belarus is looking forward to increasing trade with Vietnam
According to him, the free trade agreement between Vietnam and the EAEU gave a big boost to the development of trade and economic relations. Last year, the trade with Belarus exceeded $200 million...

Belarusian BelAZ wins tender to ship 96 haul trucks to India
According to him, the products will be supplied in the course of two years. BelAZ will ship to India 12 haul trucks in 2020 and the rest in 2021. The contract is worth over $300 million...

Lukashenko stresses importance of stable operation of manufacturing sector in Belarus
"Everyone understands perfectly well that efficient operation of manufacturing companies is crucial for the national budget and the ability of the state to finance social programs. The stable operation of the Belarusian industry is a cornerstone of the country's economy"...

Belarus viewed as important political, economic partner for Vietnam
According to Pham Hong Chuong, recently Belarus and Vietnam have been strengthening economic cooperation, implementing new projects to set up joint companies in Vietnam to produce dairy products from Belarusian raw materials, assemble buses and trucks...

Belarus, Vietnam interested in closer business ties
"The cooperation between our countries is on the rise. Recent years have seen high-profile political and business visits, meetings at the highest level, a number of exhibition events and forums where business people forge new contacts. All this suggests that Belarus and Vietnam are interested in closer business cooperation,” Denis Meleshkin said...

Batch of Belarusian timber worth $1.6m sold to China
The volume of sales during the first trade sessions to sell timber and deliver it to China was small. However, Chinese companies have been more active since June. In turn, Belarusian companies see the rising demand for sawn timber and start offering larger batches for sale...

Belarusian Bellegprom’s garment, knitwear companies report foreign trade surplus in H1 2020
"In H1 2020, export of enterprises of the knitwear industry reached $50.3 million, the garment industry – $21.5 million. As a result, these enterprises reported a surplus: $6.9 million in the garment industry and $22.7 million in the knitwear industry"...

Over 80 companies with Belarusian capital operating in Uzbekistan
Mechanical engineering has become one of the priority areas of cooperation with Uzbekistan. Belarusian flagship companies such as MTZ, MAZ, Amkodor are running joint projects with their Uzbek partners in Tashkent and other regions of Uzbekistan...

BelAZ opens major tech support center in Russia’s Kemerovo Oblast
Piotr Parkhomchik said that the technical support center had gathered all the competences in the area of technical support, maintenance, and repairs of BelAZ mining vehicles, which will be realized in line with documents and blueprints developed by the Belarusian company. It will guarantee exceedingly high quality of all kinds of repairs...

FEZ Gomel-Raton raises over $55m in foreign investment in H1 2020
"Foreign direct investment on a net basis amounted to $25.2 million. Capital investment from the FEZ resident companies came at over Br110 million (115.5% as against H1 2019)"...

Surplus of Belarus’ foreign trade in H1 2020 secured
According to Roman Golovchenko, in H1 2020 the surplus amounted to $757 million, $488 million up from last year. It is a good figure for the balance of payments and for macroeconomic balance. Trade in services still plays a crucial role in achieving the foreign trade surplus...

Furniture export by Belarusian Ivatsevichdrev 16% up in January-July
The Ivatsevichdrev furniture is primarily shipped to Poland and Russia. Export to Latvia and Kazakhstan has increased considerably. The company has started exploring the French market as well...

Gomselmash launches harvester supplies to Armenia
Anania Soghomonyan said that the combine harvester meets the best analogues of world producers in its class. In Armenia, many agrarians consider it more appropriate to use Belarusian agricultural equipment...

Belarusian companies eye market of Russia’s Krasnoyarsk Krai
The parties gave presentations, held online talks, and discussed mutually beneficial cooperation in such areas as container transportation by rail, export of Belarusian food products to Krasnoyarsk Krai, design, construction, and maintenance of individual heating substations, and construction of iron removal stations...

Belarusian steel mill BMZ eager to make more metal cord, wire in August
BMZ’s wire manufacturing divisions, in particular, the production of metal cord and bronzed bead wire, were hit hard by consequences of the coronavirus pandemic’s impact on the global economy. The demand for these products plummeted after major European tire manufacturers suspended their operations...

Belaruskali’s new mining division ships first batch of fertilizers to customer
According to the source, a batch of potassium chloride weighing 28.64 tonnes was sent by road to the agricultural enterprise Polesye-Agroinvest...

Agrokombinat Dzerzhinsky described as good example of rural modernization
In his words, such agricultural holding companies should be the locomotive of the agricultural industry because they support weaker farms...

Belarusian light industry concern Bellegprom seeks to advance cooperation with Ukraine
"A delegation of the Bellegprom concern was on a two-day visit to Ukraine. During the visit, the delegation held talks with senior executives of the Ukrainian association of enterprises of textile and leather industry Ukrlegprom to discuss important cooperation matters, including ways to increase supplies"...

Belarusian companies interested in executing installation and construction contracts in Russia
The parties discussed various areas of industrial cooperation, the possibility of involving Belarusian contractors (subcontractors) to perform installation and construction work at various energy facilities in the regions of Russia...