Business news

Canadian investor to set up enterprise in FEZ Vitebsk to make match sticks
The output will be exported. Priority target markets include African countries as well as South America and India...

Belarusian Belkommunmash delivers batch of articulated trolleybuses to St Petersburg
The city’s electric transport system operating company GUP Gorelektrotrans acquired a batch of 20 Belarusian trolleybuses on leasing terms. Belkommunmash won the tender together with OOO Promagroleasing-Center and OOO Belrus (the official dealership of Belkommunmash in Russia)...

Belarus-Iran trade in agricultural products, food 22.5% up in January-May
Participants of the meeting discussed ways to increase Belarus-Iran trade and economic cooperation in the sphere of agriculture and food, including ways to ship Belarusian dairy and meat products to Iran and Iranian fruits, fish, and sea food to Belarus...

Belarusian woodworking company Borwood starts shipping products to Mexico, Ireland
The holding company Borwood unites nine woodworking enterprises, a forest harvesting enterprise, and a dedicated sales operator (Belarusian Forest Company)...

Armenian investments in Belarusian economy nearly 2.5 times up in Q1 2020
Joint projects in the sphere of production sector and manufacturing cooperation, investment, small and medium business, agriculture, transport and infrastructure, high technologies, innovations, digitization, and environmental protection can become successful avenues of cooperation...

Lukashenko urges to fix local roads in 2021-2025
"We cannot live without roads. They affect people’s mood, the economy, transit where we want to make money"...

Belarusians urged to give preference to domestic goods
Fast and effective warranty service is a significant advantage of domestic appliances, Aleksandr Lukashenko noted. This applies to household appliances and also to more sophisticated equipment such as farm machines, cars...

71 new resident companies added to Belarus’ Hi-Tech Park
The new resident companies specialize in healthcare, logistics, financial technologies, digital commerce, consulting, gaming, and software development for agribusiness...

ZAO Atlant's performance amid pandemic hailed as example for other enterprises
"There are positive movements in any crisis situation, and we must use them"...

More BelAZ trucks shipped to non-CIS states in H1 2020
According to the source, in H1 2020 BelAZ diversified export shipments by increasing the share of non-CIS states in the total volume of shipments to 39.9% (31.8 percentage points up from H1 2019)...

Belarus, Russia’s Chelyabinsk Oblast eager to start assembling buses, tractors
The sides exchanged up-to-date information about the social and economic situation in Belarus and Russia. Key aspects of bilateral cooperation were discussed...

Belaruskali reports record-high fertilizer shipment, export figures in June
In June 2020 the company extracted 5,004,057 tonnes of ore, thus setting a new absolute record. The gross output of potassium chloride amounted to 1,142,293 tonnes...

State support to Belarusian economy amid COVID-19 pandemic already close to Br23m
Apart from that, the government has decided in favor of selling more machines, vehicles, and equipment on the home market. The measure is supposed to help keep key enterprises busy...

Belarus, Russia's Orenburg Oblast seek to step up cooperation
The government of Orenburg Oblast has proposed to set up a virtual showroom on the website of the regional export promotion center to showcase Belarusian manufacturers...

Lukashenko talks about incentives for big business in Belarus
"This is why it is necessary to more cautiously work with foreign investors today. We have to support our own as best as we can. And we will support our own businessmen"...

Minsk’s business climate touted as one of best in the CIS
The head of state noted that the Financial Times placed Minsk fourth in terms of cost effectiveness on its European Cities and Regions of the Future 2018/19 ranking...

Transition to electric vehicles among Belarus' priorities for 2021-2025
"We just should not lag behind here. If we lag behind, it will be bad. Therefore, we will have to run not to lag behind, even if it is difficult"...

Belarusian BKM Holding to deliver 35 trolleybuses to Chisinau
The contract provides for the delivery of 30 trolleybus kits of 321 model and 5 articulated trolleybus kits of 43303 model...

Belarus' gold, forex reserves up by 11.6% to $8.8bn in June
Belarus' gold and foreign exchange reserves were bolstered thanks to the revenues from eurobond sale by the Finance Ministry...

Belarusian machine tools manufacturer busy penetrating new markets in Europe
In January-May 2020 the growth of export to non-CIS states amounted to 145%. The company exports 50-80% of the output...