Business news

Belarus eager to bolster trade links with Turkish Izmir
The sides discussed promising avenues of advancement of trade, economic, investment, scientific, technical, and cultural cooperation between Belarus and Izmir from the regional point of view...

Belarus’ online market described as one of the fastest growing in Europe
"This growth is expected to continue. The volume of the Belarusian e-commerce market is expected to grow up to $1.5 billion per year"...

Minsk Branch of BelCCI, China Foreign Trade Center sign cooperation agreement
"The parties agreed to step up cooperation in order to promote trade, facilitate contacts between Belarusian and Chinese business people, and help arrange the exchange of business delegations and exhibitions and fairs in both countries"...

Mozyr dairy company to use innovative solutions to extend product shelf life
Mozyr Dairy Products, a dairy company from Gomel Oblast, will increase the shelf life of its products using innovative technologies. The ultimate goal of the efforts is to enter new remote sales markets. The matter was discussed at the meeting of Chairman of the Belarusian State Committee on Science and Technology Aleksandr Shumilin with the company’s team...

Belarus' MTZ, Russia's Primorsky Krai to decide on three-year supply plan
Relevant agreements were reached during the meeting between Primorsky Krai Governor Oleg Kozhemyako and a delegation of Minsk Tractor Works led by Director General Vitaly Vovk in Vladivostok...

BelAZ ships 20 haul trucks to Taimyr Peninsula in Russia
The entire batch of haul trucks BelAZ-7555V was made to specifications of the Russian company on the basis of experience of long-operation of such trucks in difficult mining conditions...

Belarus’ Amkodor featured at Lesdrevmash 2020 expo in Moscow
The companies are showcasing the forwarder Amkodor 2662-01 produced by Amkodor-Onego...

BelAZ continues increasing non-CIS export
In January-September 2020 non-CIS sales increased by 160% in comparison with the same period of last year...

Belarusian steel mill BMZ past 700,000t of bronze-plated bead wire
Tire manufacturers use bronze-plated bead wire to reinforce tires. BMZ exports over 90% of the output primarily to tire factories of Michelin, Continental, and Pirelli...

Business Days in Gomel due on 27-29 October
"The participants will exchange best practices of doing business and discuss operation in the new economic reality, successful solutions for business, new client acquisition tools, and interesting technological and marketing cases"...

Online workshop on Belarus-Africa economic cooperation scheduled for 29 October
The online workshop is expected to bring together the heads of the diplomatic missions of Belarus in Egypt (concurrently in Sudan), in South Africa (concurrently in Angola, Zimbabwe, Mozambique and Namibia), in Kenya (concurrently in Ethiopia, Uganda and Tanzania), and in Nigeria (in Ghana, Cameroon and Ivory Coast)...

Belorusneft eager to stabilize oil extraction at 1.77m tonnes as from 2023
The company summed up intermediate results of geological prospecting work and adopted plans on developing the remaining recoverable reserves of hydrocarbons. Three oil deposits have been discovered in Belarus since the beginning of the year: Gartsevskoye, Beskopylnovskoye, and Kuzminskoye...

BUCE ready to facilitate Belarusian exports to Serbia
Representatives of the BUCE met with the company Balkan BY that was set up with the participation of BK Group (Serbia) to discuss prospects for export of Belarusian products to Serbia and other Balkan countries...

EDB transfers EFSD’s $500m loan to Belarus
The financial loan from the EFSD funds is aimed at supporting the budget of Belarus amid the negative consequences of the COVID-19 pandemic...

Great Stone recognized by fDi Intelligence as Belt and Road’s Best Special Economic Zone
The Great Stone was recognized as a zone promoting the Belt and Road initiative through developed infrastructure and logistics, the best location and market opportunities...

Popularity in electric cars in Belarus doubles in six months
"The Energy Ministry has made calculations that if the number of electric vehicles in Belarus grows to 10,000, electricity consumption will make up some 80 million kW/h. This is more than the volume of electricity consumption in the average district of Belarus"...

Belarusian-Chinese car factory BelGee to make about 1,000 electric cars in 2021
"There is a preliminary agreement that BelGee will make the first 1,000 electric Geely cars at prices under $30,000. The first five cars are being trialed in Belarus. We are interested in their performance in frosty weather"...

Plans to set up technopark for startup promotion in FEZ Minsk
The project provides for construction of pneumo-frame prefabricated buildings near the Privolny village in Minsk Oblast. They will house a design bureau, an R&D center, and a prototyping center...

Number of Belorusneft EV charging stations might increase to 600 in 2021
"Global trends suggest that electric vehicles will occupy a rather large market niche in the future. We keep it in mind when planning for growth"...

Big Estonian timber company to buy products via Belarus’ Universal Commodity Exchange
In addition to participating in exchange trading, Barrus AS is exploring the possibility of investing in the woodworking industry in Belarus...