Business news

FM defends Belarus’ multi-vector policy
At the same time, Belarus is not going to give up on other vectors of cooperation. “The European Union countries, other non-CIS countries account for more than 50% of Belarus’ exports,” the minister said...

FM: Even during pandemic, Belarus maintains foreign economic ties with 173 countries
“Today we are dealing with a number of challenges. At the beginning of the year we faced the COVID-19 pandemic, which, at first, put on hold the work on the foreign economic contour in many respects. But that doesn't mean that we stopped working. Around May, we saw a revival of our export activity"...

Prospects of cooperation with Belarus discussed in Chinese city of Baoji
The Belarusian diplomat also met with top officials of the Baoji city administration. Prospects of advancement of Belarus-China cooperation were discussed. Tatiana Kharlap pointed out that Baoji companies could follow the example of the Chinese company Baoguan and start operating in the China-Belarus industrial park Great Stone...

Egyptian companies eager to buy woodworking products via BUCE
The meeting focused on prospects for boosting Belarus-Egypt mutual trade, including with the help of the BUCE...

Lukashenko hails Gomselmash progress
"You make the products and commodities that the country needs. Some 75% of your output is bound for export. You sell it abroad and earn foreign currency"...

Belarus wins awards at Peterfood expo in St. Petersburg
Belinterexpo presented a stand of Belarusian products with the participation of the Minskkhlebprom bakery enterprise. Talks were held with more than 30 representatives of retail chains in the north-west region of Russia. Minskkhlebprom received a diploma in the Choice of Retail Chains nomination for the Babulin bread...

Belarus featured at MUSIAD Expo 2020 in Istanbul
The Belarusian delegation has held talks to discuss the establishment of mutually beneficial cooperation with other exhibitors – major Turkish companies working in construction, mechanical engineering, machine tool building, and environmental technology. Representatives of the Belarusian companies got familiar with global trends in manufacturing, services, and technology development...

Belarus attends cross-border e-commerce conference in Guangzhou
Speaking at the opening ceremony were Vladimir Norov, Secretary General of the Shanghai Cooperation Organization (SCO), Yi Xiaozhun, Deputy Director General of the World Trade Organization (via video link), Lin Daoping, Vice Mayor of Guangzhou, and a number of former high-ranking officials and representatives of China's banking and academic sectors...

Belarus, China to launch new contest of joint projects in science in 2021-2022
Belarus and China will launch a new contest of joint projects in ICT, medicine and pharmacy, biotechnology, engineering, new materials and agriculture in 2021-2022, Chairman of the Belarusian State Committee on Science and Technology Aleksandr Shumilin said at the third meeting of the commission on cooperation in science of the Belarusian-Chinese intergovernmental cooperation committee...

Belorusneft’s charging stations chain to soon be able to handle up to 15,000 electric cars
At present the chain uses and sets up Mode 3 and Mode 4 stations. A Mode 3 station allows an electric car owner to charge the vehicle within 6-8 hours. A Mode 4 station can charge 80% of the car battery within only 15-30 minutes...

Belarus’ agricultural exports at around $4.5bn in January-October
"Major items were milk and dairy products - about $1.8 billion (up by 5.7% year-on-year) and meat and meat products - $740 million (up by 12%)"...

Speaker: Belarusian economy able to operate in difficult, sometimes unpredictable conditions
“Of course, the situation is not easy but is under control. Since June, GDP has been gradually recovering, and in January-October amounted to 98.9% of the GDP in the corresponding period of the previous year. Foreign trade remains balanced with the surplus at $1.5 billion. The government has managed not only to stabilize the foreign exchange market but also to increase real wages"...

Belarusian MTZ triples export to Africa
In January-October 2020 the sales growth rate amounted to 348.2% in comparison with the same period of last year. Cash inflow more than doubled. The company has penetrated two new markets this year – Zimbabwe and Burundi, BelTA learned from Aleksei Trich...

BelNPP reconnected to grid after equipment replacement
Connection of the power unit to the grid and the loading procedure were carried out in accordance with the requirements of technological regulations of safe operation...

Belarus-Uzbekistan commission on cooperation gearing up for meeting
The ambassador updated the Uzbekistan official on the topical issues of trade and economic cooperation and joint projects. He drew attention to the need to promote the development of a relatively new area of cooperation - the interaction of regions of Belarus and Uzbekistan, and informed about the events held to promote it...

Vice premiers of Belarus, Russia discuss cooperation in oil sector
“The negotiations focused on bilateral cooperation between Belarus and Russia in the oil sector and the possibility of using the Russian infrastructure for the export of Belarusian oil products,” the Russian government said...

Belarus ready to increase dairy supplies to Egypt’s Alexandria
"Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt Sergei Terentyev paid a working visit to the city of Alexandria on 16-17 November. Sergei Terentyev met with Governor of Alexandria Mohamed El-Sherif to discuss trade and economic cooperation in agriculture and food security, personnel training and high technologies"...

Fitch affirms Belarus’ Development Bank at 'B', revises outlook
According to Fitch, DBRB does not attract customer deposits and its FX obligations are longer-term and so do not represent an immediate liquidity risk for the bank...

Belarusian government approves calendar of national exhibitions abroad in 2021
According to the document, Belarus will hold national exhibitions at the FHA International Food & Beverage Exhibition in Singapore, the ITB Berlin International Travel Trade Show and ZITF Zimbabwe International Trade Fair in Bulawayo...

Revenues of Great Stone resident companies up by 3.4 times in January-September
Revenues from export of goods, works, and services totaled Br36.8 million, which was up by 8.7 times and accounted for 29.2% of the total revenues...