Business news

Belarusian MAZ to ship batch of vehicles to Zimbabwe
The contract provides for shipping five MAZ-646087 truck tractors and five MAZ-937900-010 semi-trailers to this African country...

Belarusian Universal Commodity Exchange introduces special session to export wood fuel
Up till now wood fuel has been available for purchase together with other kinds of commercial timber. However, a noticeable increase in the interest in Belarusian fuel products on the part of foreign companies has been registered...

Tanker with Azerbaijan oil for Belarus to arrive in Odessa in on 4-5 August
This year SOCAR has sent five tankers with about 420,000 tonnes of oil to Belneftekhim through the port of Odessa and the Odessa-Brody pipeline...

Belarus raises oil export duties on 1 August
The export duty on crude oil went up from $37.8 per tonne to $46.9 per tonne...

Belarus, Uzbekistan interested in developing cooperation in mechanical engineering
The parties noted the need to expand the model range of MTZ vehicles for the joint production. Assembling excavators and loaders based on Belarusian tractors is a promising area, the embassy said...

China-Belarus industrial park to possibly get seven new resident companies by year end
At present the park is home to 63 resident companies. The declared volume of investments exceeds $1 billion...

Minister: Belarus offers attractive conditions for investment
Given the high competition for investment worldwide, Belarus continues to improve its national investment legislation...

Belarus’ central bank expects prices to grow more slowly
According to Sergei Kalechits, the intensity of inflation processes is going down thanks to a number of factors...

BUCE, Miory Rolling Mill team up to export tinned iron
"Ours is an export-oriented enterprise. Scandinavia looks like the most interesting market for us. First of all because of the favorable price situation and the steadily high demand for tinned iron"...

Belorusneft-Osobino eager to export more food to Asia
The first batch was shipped to China in January 2020. A number of other shipments followed. The Chinese partners are primarily interested in chicken feet, various wing parts. The enterprise is working on contracts to sell more of other kinds of products, too...

Every upgraded installation at Belarusian Naftan produces economic effect
"The environmental factor and import substitution are important. We will actually substitute raw materials, which are bought to make fertilizers, with Naftan products"...

Central bank: No imbalances in Belarus’ macroeconomic policy
Over the past five years the National Bank in collaboration with the government has been pursuing a policy that seeks to maintain price stability and a macroeconomic balance...

Belarusian oil refinery Naftan commissions elemental sulfur production plant
The elemental sulfur production plant will utilize the hydrogen sulfide the other plants of the enterprise will feed. It will reduce Naftan’s emission of pollutants by 14,000 tonnes per annum...

Over 2.1m tonnes of grain harvested in Belarus
As of 30 July, grain and leguminous crops were harvested on the area of 568,200 hectares, or 25.9% of the plan...

Belarusian tractor factory MTZ resumes deliveries to Zimbabwe
A total of 130 MTZ-820 tractors in several shipments have been sent to Zimbabwe already. The company intends to honor all the commitments as part of the contract by the end of August by delivering over 300 tractors...

Belarus sells $5.1m worth of timber to China via commodity exchange in 2020
"Until recently, the lion's share of domestic timber was delivered to China indirectly, mainly through the Baltic countries. This inflated prices of goods for the end consumer, and our exporters, in turn, they lost part of their foreign exchange earnings"...

Mogilev-based Krasny Metallist to start making loft-style furniture
The company did not need expensive retooling in order to branch out its manufacturing: the existing facilities can be used to make not only tableware but stylish interior components...

Belarus plans to promote eco-tourism
The project will be implemented in cooperation with the Berezinsky Biosphere Reserve, the sanctuaries Ozery and Krasny Bor and in coordination with Russia...

Ambitious plans for making Belarusian logging machines in Russia’s Republic of Karelia
There are plans to sell products made by the Belarusian-Russian joint venture not only in Russia but also on the international market...

Karelia-Belarus annual trade of $100m viewed as achievable goal
"We would like to reach $100 million in annual mutual trade. This is the figure we discussed with Belarus President Aleksandr Lukashenko in December 2018. We are still at the very beginning on our way towards achieving the goal"...