Business news

Lukashenko unveils details of a Belarusian ‘city within a city’ project in Oman
The head of state emphasized that many countries are now prioritizing tourism, investing heavily in hotels and supporting infrastructure...

Lukashenko details Belarus-Russia advances in microelectronics
The Belarusian leader is confident that this industry must be developed further...

Lukashenko calls for launch of aircraft production in Belarus
“I insist that new industries are also needed. If a nation wants to develop, it must not only deepen production in areas where we already have expertise, but also create new ones,” Aleksandr Lukashenko said...

Lukashenko: Belarus can produce small and medium-sized vessels
“Let's invest money here. There is a demand, there is expertise, there are specialists [available]. We will build these vessels and sell them. Perhaps they will also be useful for us, for navigating the Pripyat River, the Dnieper, or other waterways. The main point is that there is a market,” the president said...

Lukashenko: More than half of components in Oreshnik missile systems are Belarusian
“It turns out that only missiles, which are a complicated piece of technology, are of Russian make. The rest is Belarusian,” the head of state stressed...

Lukashenko: Belarus should profit from every sector, especially where demand is high
The head of state emphasized the need to capitalize on existing strengths and expertise to develop current economic and social sectors further, instead of creating new strategies from scratch. “We have established strengths in specific fields...

Lukashenko wants close attention paid to formation of common markets with Russia
Belarus President Aleksandr Lukashenko made the statement in his address to the nation and the parliament on 18 December...

Lukashenko specifies essential requirement for investors in Belarus
Aleksandr Lukashenko said: “Extremely comfortable conditions have been created for investors in Belarus. There is one requirement. And it is essential: pay decent wages to those, who work for you in Belarus, observe the law, and don’t mix economy with politics...”

Lukashenko demands immediate crackdown on unjustified mediation
"To root it out completely. We are losing between 30% and 50% of the value simply because we are feeding the middlemen. Is this normal?"...

Lukashenko: Marketplaces, retail chains must serve national interests
The head of state pointed out that while domestic market is flooded with imports, retail trade representatives and manufacturers are seeking state support. “This situation needs to be reversed,” Aleksandr Lukashenko said...

Lukashenko sets goal to double tourism revenue in five years
“The importance of creating a strong brand for Belarusian tourism, I believe, does not need explanation. Just as it is clear that this sector can become a powerful tool for promoting Belarus’ image as an open and hospitable country,” said Aleksandr Lukashenko...

Lukashenko to exporters: Don’t rely on chance, master salesmanship
The head of state emphasized that effective sales are essential for successful foreign trade...

Lukashenko urges retail sector to prioritize domestic goods
Speaking about the priorities in developing the consumer market, the head of state addressed the owners of retail businesses...

Lukashenko urges to scale up lean management practices
"The use of the tools that are widely used globally, so-called lean management, is still very fragmented in our country. Let’s do more within the framework of the revived state-level Quality Mark, which has become our most prestigious award for producers," the Belarusian leader outlined a future task...

Lukashenko wants Belarusian agriculture to drastically reduce its import dependency
"I strongly urge all stakeholders to engage in this work. The time for persuasion and explanations is over. Only concrete actions and results matter. For the agricultural industry, this means a radical reduction in import dependency,” he emphasized...

Lukashenko: Belarus must boost energy independence even higher by 2030
The Belarusian president noted that energy is a guarantor of economic development and a matter of the state’s self-sufficiency...

Lukashenko suggests revising strategy on managing international reserve assets
In his words, money should work while the revenues the National Bank earns by managing the reserves should be invested in the real sector of the economy: in modernizing manufacturing, in localizing the manufacturing of main parts and components, in profitable export contracts...

Lukashenko calls for more major industrial projects in new five-year term
"We have promising ideas and developments: the creation of a Belarusian train in Fanipol, a domestic aircraft in Baranovichi, a round baler and a milking robot, and the restoration of shipbuilding expertise at the Pinsk plant"...

Lukashenko emphasizes critical role of localization and cooperation
The president emphasized the necessity of localization and cooperation in manufacturing. He noted that it is impossible to produce absolutely everything, but it is necessary to rationally utilize the potential of cooperation with all partners...

Lukashenko vows to set up technoparks in all parts of Belarus
Aleksandr Lukashenko mentioned the importance of technological sovereignty and pointed out that the state provides assistance with that: from preferences to offering premises that are already ready for manufacturing...