Business news

Fission chain reaction launched at Belarus’ nuclear power plant
“In line with the BelNPP construction schedule, the fission chain reaction was successfully launched in the first energy unit; the unit was brought to minimum control power (MCP),” the press service informed. Thus, the reactor has started its service life...

Over 80 new resident companies registered in Belarus’ Hi-Tech Park
The new companies include residents with foreign capital established by representatives of Germany, Israel, Latvia, and the USA. The new companies also include six development centers of foreign corporations...

Belarus wants first stage of EAEU’s common natural gas market creation finished in 2020
“We believe that the establishment of common energy markets in the Eurasian Economic Union while ensuring non-discriminatory approaches to pricing, tariffs, access to services of natural monopolies is a task of paramount importance for creating a genuine economic union”...

Belarus in favor of increasing EDB’s role in EAEU
It is suggested that the Eurasian Development Bank and national development banks team up to provide credit support for projects that contribute to the integration...

Belarusian engine maker MMZ buys equipment in Germany to upgrade manufacturing processes
Production modernization is one of the key avenues of development for MMZ. The company became a state scientific organization in spring 2019. Using the money the central state budget appropriated in 2020 to finance scientific, R&D, and innovative activities, the company bought new modern high-technology equipment in Germany: an ACCURA 2 bridge-type measuring machine from ZEISS and an industrial CT scanner phoenix v/tome/x c450 from General Electric. The equipment is unique in Belarus...

Belarus revises power industry development plan through 2025
The new wording of the plan includes a set of measures to increase electricity consumption through 2025 and a list of investment projects to build peak-reserve power stations and install electric boilers...

Container train with Belarusian products off to China
The train consists of 41 containers. The cargo is more than 2,000 cubic meters. Products will be delivered to the Qisumu station in China. The train will travel more than 7,000 km over 14 days. Beltamozhservice provides full logistics support in connection with China...

FEZ Grodnoinvest resident to develop network of photovoltaic power stations
Skywatt registered as a free economic zone resident on 8 October. The main idea of the investment project is construct photovoltaic power plants with a total capacity of over 12MW within FEZ Grodnoinvest area. Investment will exceed €5 million...

First batch of Belarusian fire trucks handed over to Mongolia
At the ceremony the Belarusian ambassador spoke highly of Belarus-Mongolia cooperation and mentioned that more joint projects relying on export loans might be implemented in the future. He underlined the particular importance of successfully implementing the first project for supplying Mongolia with Belarusian firefighting vehicles...

Belarus’ nuclear power plant expected to help replace 4.5bn m3 of gas
The construction of the nuclear power plant is an important milestone for the energy sector, Viktor Karankevich noted. He named promising applications of the electric power to be generated by the BelNPP. Among them are electric transport, heating and hot water supply in the housing stock...

Foreign diplomats visit Ivatsevichdrev company in Brest Oblast
“This is an established practice, and I want to say, it is of great interest to the diplomats, since it implies direct contacts with manufacturers, an opportunity to see their technological level. Most importantly, this type of communication produces tangible results,” Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich said...

Belarus’ MTZ, Russia’s Rosagroleasing expand cooperation
Three enterprises of MTZ Holding Company sell their products on the Russian market via Rosagroleasing: Minsk Tractor Works, (MTZ trademark) Smorgon Assembly Plant, and Bobruisk Plant of Tractor Parts and Units...

Belintertrans launches new multimodal container service from China to Europe
The pilot service was operated in August and September. The time of the journey from Chongqing to Hamburg made up 14 days...

Belarusian tractor maker MTZ presents latest products at Moscow expo
There are six models on display as part of MTZ’s exposition. Their engine capacity varies from 9hp to 450hp. They are designed for the Russian market. Each has been upgraded to a degree. “We hear and take into account opinions of customers as we improve our models to meet their wishes,” MTZ Director General Vitaly Vovk said...

Three new 136-tonne BelAZ trucks commissioned in Ukraine
These are the first trucks out of the five 136-tonne trucks delivered to Ukrainian partners as part of the investment program ArcelorMittal is implementing in Ukraine. Two more trucks are being assembled and will enter into service by the end of the year...

Belarus’ GDP may grow by over 20% within five years
The economy minister said: “We see that economy may expand by more than 20% over the course of five years. We intend to increase export up to $50 billion in 2025 and raise over Br200 billion in investments within five years in order to create a modern infrastructure and develop manufacturing enterprises”...

Belarus, Kazakhstan discuss upcoming meeting of joint trade, economic commission
The parties discussed a wide range of matters of the Belarusian-Kazakh cooperation and prospects for holding the next meeting of the Belarus-Kazakhstan intergovernmental commission on trade and economic cooperation...

Bellesbumprom pulp, paper export almost 30% up in January-August
Thanks to efforts to upgrade the existing facilities and build new ones, the pulp and paper industry has been steadily developing, increasing output and export...

Bellesbumprom’s recent accomplishments discussed
According to the source, the industry operates steadily. The financial and economic performance targets are mainly hit. There are complications with efforts to increase export. At the same time Bellesbumprom’s export to the European Union and China is fine. “We’ve also reached an optimal distribution between markets – 30-30-30. We are not dependent on one single market”...

Lukashenko urges to develop wood production
He remarked that Belarusian enterprises have already learned to make the so-called semi-finished products – pulp and paper. “Let’s make, for example, cardboard to substitute imported cardboard from Poland, Germany. Let’s make it here instead of exporting pulp and buying finished cardboard,” the president stressed...