Business news

Belarusian ice cream now available in Beijing stores
"In July, the retail chains of Beijing started selling Belarusian ice cream made by the Morozprodukt company. The first batch arrived in China on 2 July and is on sale in the Chinese capital"...

Belarus prime minister: Time to move on to matters of strategic development
In his words, the manufacturing industry is gradually recovering as well as the transport industry, the trade industry while the labor market situation is manageable...

Prime minister cites projections from Belarus’ draft budget for 2021
"It is already obvious that the next year’s budget is being worked out in complicated conditions, in conditions of limited resources. Direct losses of the budget revenues in 2021 from the so-called tax maneuver alone are estimated at about Br350 million"...

Government expects Belarus’ GDP to grow by 3.5% in 2021
"There are plans to secure more than half of the growth – 1.9 percentage points – by means of external demand. A clear-cut and well-considered export strategy is needed in order to hit the target"...

Belarus’ Development Bank gets mandate to select commercial projects for financing
Previously, the bank worked mainly with projects included in state programs or approved by the head of state or government...

Belarusian manufacturer taps pharmaceutical market of Hungary
"The list of drugs includes cancer medicines and the drugs to calm a cytokine storm in COVID-19"...

Lukashenko hails Belarus’ anti-money laundering progress
"We have been gradually liberalizing the financial and currency markets. However, easing the requirements does not mean lawlessness"...

BelGee’s output up by 11.3% in H1 2020
In H1 which was a difficult time for the world economy because of the pandemic, BelGee did not stop the production line. All contracts were executed in full...

Port of Riga ready to provide most favorable conditions for Belarusian exporters
"First of all the matter pertains to the shipment of general cargo, which is of high interest to mid-sized business, woodworking products, grain, mineral fertilizers"...

Minister: Belarusian industry is on track for recovery
According to the minister, Belarus may reach zero growth of gross domestic product at the end of this year after the GDP decline by 1.7% in H1 2020...

Golovchenko: Belarus-Kazakhstan trade can reach $1bn
In his words, Belarus is determined to expand bilateral trade on equal conditions and is interested in joint projects...

Belarus buys second batch of U.S. oil
The cargo is expected to arrive in Klaipeda on 6-8 August. "This is the second tanker this year as part of the Belarusian-U.S. cooperation to diversify oil supplies for Belarus"...

Belarus’ Ecology Expo postponed to June 2021
The exhibition was slated to take place in Minsk on 27-29 August this year...

Another tanker with Azerbaijani oil for Belarus is to reach Odessa in 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. The oil was meant for Mozyr Oil Refinery...

Belarus, Joint Institute for Nuclear Research in Dubna agreed on $400,000 contracts
The bulk of the contracts and research work carried out by Belarusian organizations is implemented under the flagship international mega-science project NICA which aims to study hot and dense strongly interacting QCD matter and to search for possible manifestation of signs of the mixed phase and critical endpoint in heavy ion collisions...

Growth points for Vitebsk Oblast industrial sector outlined
"It is clear that without new growth points it is impossible to solve economic problems today. Among the promising areas are the further development of the petrochemical and light industries, the production of composite materials"...

Lukashenko against privatization of Naftan due to its strategic importance
"We have been consistently upgrading this enterprise to reach the highest level of oil refining"...

Lukashenko calls export Belarus' priority
"Export brings foreign currency, which is vital for the country. This foreign currency should be earned"...

Lukashenko: People’s income will be growing
"This is a very good figure. This is an international standard. So this is good progress. Real incomes of the population have grown almost seven times, salaries and pensions - nine times"...

Prime ministers of Belarus, Russia discuss access to markets without exemptions, restrictions
According to Roman Golovchenko, a number of items of interest for the Belarusian side were on agenda of the talks...