Business news

Belarus, Kyrgyzstan discuss prospects for economic cooperation
In 2019, the trade between the two countries amounted to $106.9 million, down by 18.5% over 2018...

Lukashenko urges to be proactive to harness global recovery potential
Aleksandr Lukashenko emphasized that the commitment to the maintenance of versatile international contacts remains unchanged. "We must talk to everybody who wants to talk to us and who respects us"...

Belarus implementing socially important regional initiatives
Six socially significant and cluster initiatives are being implemented in Bereza and Kobrin districts under the project “Support to Economic Development at the Local Level in the Republic of Belarus” funded by the European Union and implemented by the United Nations Development Program in partnership with the Belarusian Economy Ministry...

BMZ agrees on metal product supplies to Russia in 2021
According to the company, the Russian market traditionally plays an important role in the structure of BMZ sales. According to operational data, over 245,000 tonnes of metal products were sold to Russia in January-October 2020...

Commodity export via BUCE up 22% in October
"Woodworking products, mainly sawn timber and wood chips, accounted for more than half of the export. The sales of sawn timber products amounted to $19.8 million and those of wood chips - $8.8 million"...

Belarus’ new pellet mills ship €1.1m worth of fuel pellets to buyers in October
The new production facilities have produced about 34,000 tonnes of fuel pellets so far. Some of the mills have almost reached the design capacity...

Giauque: USA welcomes greater presence of its companies in Belarus’ HTP
The parties noted that business contacts gained through the Hi-Tech Park also contribute to the development of bilateral cooperation in other sectors of the economy...

Economy seen as most important priority for Belarus
“Salaries, pensions, social support to people have not collapsed,’” Aleksandr Lukashenko noted. "Indeed, it's not easy. They try to use every thing here to rock the boat. Protests started subsiding, they needed some big events to keep the protest mood alive and hold out till the spring. This is their plan. But we'll clean streets up, we'll find them, we know them all”...

Lukashenko speaks about reasons behind BelNPP construction
“As for the nuclear power plant, it is not so much a matter of economy but a matter of the future. The plant uses the highest technologies. Can you imagine how high the bar of achievements in nuclear engineering is? Many Belarusian specialists will get new competences, learn new technologies. That was exactly why I was interested in the construction of the nuclear power plant first of all,” Aleksandr Lukashenko said...

Belarus eyeing seaport in Romania’s Constanta for export promotion
The main goal of the visit was to promote Belarusian products in the Romanian market and to study the possibility to improve the logistics of Belarus’ export to Romania and to third countries via Romania...

Belarusian commodity exchange posts 6% increase in turnover in January-October
"Sales of timber products accounted for 41% of total BUCE turnover, or Br1.6 billion. Timber sales increased by 9% over January-October 2019"...

Belarus' agricultural export to China may exceed $200m in 2020
"China is a promising and important market for us. We are interested in gaining a foothold on this market and gradually increasing the volume and range of our export"...

Belarus’ government approves OPEC Fund’s $20m loan on healthcare
The matter concerns an external government loan of $20 million for 18 years from the OPEC Fund to finance activities in the healthcare sector. The loan is to be attracted in 2020-2022...

Belarus to build 64 dairy farms within next five years
“The task for dairy cattle farming is to produce 9.2 million tonnes of milk per year with milking herd productivity at 6.5 tonnes per cow. This task is achievable. Over the past five years a total of 390 new dairy farms were built in the country. Within the next five-year period we plan to build 64 farms and reconstruct 40 more,” Ivan Krupko said...

Belarusian tractor maker MTZ export to Ukraine up by 10.8%
"The tractor market of these countries is strategically important for MTZ. Russia, Kazakhstan, and Ukraine have always boasted a well-developed agricultural sector that has become even more important in recent years"...

Belarus, Turkey plan to hold Belarus-Turkey investment forum in 2021
"Ambassador Extraordinary and Plenipotentiary of Belarus to Turkey Viktor Rybak has met with Turkish Minister of Trade Ruhsar Pekcan"...

Belarus, Gazprom launch talks on gas supplies from 2021
The parties agreed that the issue of repayment of Belarus’ debt for Russian gas supplies had been fully settled. In this regard, negotiations have been started in respect to gas supplies to Belarus starting from 1 January 2021...

BUCE suggests expanding exchange mechanism in Belarus-Ukraine trade
"Wider application of the exchange mechanism in mutual trade between Belarus and Ukraine will let, on the one hand, to increase trade between our countries, and, on the other hand, to reduce commercial risks in foreign trade activities"...

Plans to set up technology and innovation support center at Great Stone industrial park
"The new facility will help researchers find information about existing scientific achievements and will stimulate scientific activities of young researchers and startups"...

Belarus' central bank expects inflation at about 6% in 2020, near 5% in 2021
According to the head of the National Bank, the situation in the financial market is currently stabilizing. The withdrawal of bank deposits slowed down in September and October. Net foreign currency supply is available...