Business news

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...

Belarus to buy IFC shares worth nearly $11.4m
The document reads that the Belarusian government agrees on the proposal of the Finance Ministry regarding additional subscription to 11,392 shares of the International Finance Corporation worth $1,000 each to the total of $11.392 million...

Belarusian Potash Company ships potash to China via Northern Sea Route
The delivery time was reduced by 1.5 times in comparison with traditional routes. Charter costs were reduced considerably as well...

BelAZ to ship four more haul trucks to Russian gold mining company
Susumanzoloto Director General Aleksandr Chugunov noted that the new trucks demonstrate good performance in extremely low air temperatures. OOO Sever operates close to the northern hemisphere’s pole of cold. Susumanzoloto is convinced that the new trucks of the BelAZ-7555 series will increase labor productivity and reduce the cost of gold mining...

Belarus’ Customs encourages private companies to more actively use domestic logistics hubs
Yuri Senko said that a lot of things can be done in Belarus. In particular, he mentioned the services that Belarusian private companies are accustomed to buying in Lithuania and Poland. Transport and logistics hubs are available in Belarus. They can provide various services relating to merchandise storage, fulfillment, labelling, and sorting...

Belarusian nuclear power plant gets seventh link to power grid
The 250km-long power line will enable electricity transmission from the Belarusian nuclear power plant to the western part of the country’s power grid in the future. It is the longest 330kV power line in Belarus’ power grid...

Tax relief, preferences to Belarusian economy amid pandemic estimated at over Br34m
“Large-scale work has been launched to support the organizations that have been affected by crisis phenomena in the world economy. Tax reliefs and preferences have been granted to about 47,000 commercial entities and self-employed businessmen"...

Belarusian Ruzspedition to double container transportation to China
The top exports included consumer goods, food industry products, woodworking industry products, and agricultural goods. The minimal delivery time is 14 days. The company also intends to introduce a new service of freight delivery by rail...

Belarus’ coronavirus strategy hailed as effective
He noted that by the nature of his activities he meets with representatives of many countries. Recently, for example, he visited Serbia, met with the head of state. According to him, the country is struggling to restore the economy after months of downtime due to coronavirus...

Prospects for Belarus-Turkmenistan cooperation emphasized
Vladimir Ulakhovich suggested holding a series of industry-specific online meetings and seminars, where representatives of business of Belarus and Turkmenistan will be able to study in detail the possibilities of mutually beneficial cooperation...

Belarusian automaker MAZ presents new products at Belagro 2020
MAZ presented a total of about 10 vehicles at Belagro 2020, including the multi-lift truck...

Governor: Omsk Oblast is interested in new business contacts, experience exchange with Belarus
“There are many points of contact for fostering relations between Omsk Oblast and Mogilev Oblast. The free economic zone Mogilev has a new plant producing technical carbon, which is part of the Omsk Carbon Group"...

Belarusian MTZ to ship 120 tractors to Russia’s Omsk Oblast
The CEO noted: “Russia is a very large country. Many regions have their own peculiarities. This is why we take interest when official delegations led by oblast governors arrive. The visits offer opportunities to talk to them in person about what we can do, demonstrate the machines, and discuss possible cooperation options, including manufacturing cooperation”...

Belarus, Russia sign agreements, contracts worth over $700m at Forum of Regions
“We have signed about 70 cooperation agreements and commercial contracts worth more than $700 million during the forum. The documents will contribute to the cooperation between our countries, will promote programs and agreements in social and humanitarian affairs,” Roman Golovchenko noted...

Lukashenko on cooperation with Russia: No serious progress without honoring our commitments
Since 2000, the two countries have fulfilled more than 50 Union State programs in technology and innovation. Comprehensive dialogue has been established between the Belarus Hi-Tech Park and the Skolkovo Innovation Center...

Russia seeks to expand cooperation with Belarusian light industry
The biggest Russian companies Vostok Service, Parizhskaya Kommuna, and Vyazma Leather Plant are interested in purchasing Belarusian leather and semi-products, while Gulliver and Co brand is ready to make children's apparel at Belarusian companies...

Belagro 2020 expo to kick off in Minsk
This year Belagro is held as part of the Forum of Regions of Belarus and Russia. Its several expositions will feature companies of Russian regions: Bryansk, Rostov, Volgograd, Saratov, and Voronezh oblasts. Hungarian companies will also be on show...

Investment agencies of Belarus, Russia’s Pskov Oblast sign cooperation agreement
The parties agreed to create favorable conditions for mutual investment and joint projects, to exchange information on business conditions, investment opportunities and proposed projects, and to take part in seminars, conferences, forums and other investment activities...