Business news

Russia intends to lend Belarus $1.5bn
He noted that the loan will be granted in the near future. “I hope that this will have an appropriate impact on the financial markets”...

Timber products account for over 40% of trade via BUCE in January-August
"The main growth driver was the sales of round timber on the domestic market. The sum of transactions in these products soared by 20% to Br559 million over January-August 2019"...

Lukashenko asks scientists to put forward ideas on additional use of electricity
He noted that the country is gradually increasing electric energy consumption among households and the economy. Incentives are in place to encourage electricity use...

Lukashenko attends NASB exhibition
The exhibition included seven sections: agrarian sector, sections of biological sciences, humanities and arts, medical sciences, physics, mathematics and informatics, physical and technical sciences, chemistry and earth sciences...

BelAZ ships three 220t haul trucks to Russia’s Belgorod Oblast
The 220t haul truck is fitted with a 2,300hp engine. These reliable and high-performance vehicles boast high-quality assemblies and mechanisms that ensure stable operation and traffic safety even under the most adverse weather conditions...

MTZ to showcase some 15 tractor models at Belagro 2020
MTZ plans to showcase some 15 tractor models, including several upgraded modifications which have not been displayed before. The demonstration will include wide-tyre vehicles for utilities services...

Gomeltransneft Druzhba comments on reverse oil supply agreements
"The pipeline transport system implies close cooperation with partners. We openly discuss technical possibilities"...

Mogilev District investment forum due on 11 September
The forum will bring together around 200 representatives of business, investment companies, associations of entrepreneurs, and international organizations from Belarus, Russia, Germany, Japan, China, and Turkey, as well as district and regional authorities...

Belorusneft eager to extract more hydrocarbons in Russia
The project to extract hydrocarbons in Russia’s Yamalo-Nenets Autonomous District is of strategic importance for Belorusneft. Belorusneft’s daughter enterprise Oil Company Yangpur operates in the Izvestinsky licensed site...

Belarus’ timber export at over $120m since start of 2020
Sawn wood accounts for more than 66% of the total export...

Logistic potential of Belarusian companies presented in China
The seminar was the first Belarusian-Chinese forum in the area of transport logistics. It allowed shipping companies of the two countries to establish communication for the sake of future business cooperation...

Irish investor to build photovoltaic power stations in FEZ Vitebsk
The company has plans to implement a project to build photovoltaic power stations on the premises of the free economic zone, and later in Orsha, Polotsk and Novopolotsk...

Belarus, Switzerland to discuss trade, economic cooperation
The organization of the session was in focus of a meeting between Ambassador Extraordinary and Plenipotentiary of Belarus to Switzerland Aleksandr Ganevich and Head of the Bilateral Economic Relations Division of Switzerland’s State Secretariat for Economic Affairs and Federal Council Delegate for Trade Agreements Erwin Bollinger...

Belarus’ Gomselmash busy increasing output, sales
"In June-August 2020, we produced 200 self-propelled machines a month and sold about 240 harvesters a month, which was 1.5 times more than in 2019"...

Belarus’ fall in export to EAEU market due to pandemic smallest among EAEU members
“In the current situation, mutual trade definitely went down in all the EAEU countries and totaled $24 billion in H1. This fall came at over 14% year-on-year,” Iya Malkina said. “At the same time, Belarus saw the smallest decrease in supplies to the common market – just 6.1%. Belarus’ export to the EAEU countries amounted to about $6.5 billion,” she added...

Foreign investment in FEZ Minsk exceeds $118m in H1 2020
Key investors were Switzerland, Cyprus and China. Capital investment totaled $50.8 million, up 31% compared to H1 2019...

Belarus keen to boost trade with Serbia
The ambassador stressed the potential of private Belarusian manufacturers and noted that state-run enterprises should implement an active marketing policy in order to boost and diversify export of Belarusian goods to Serbia...

Great Stone park awarded for exemplary service in Beijing
The 2020 China International Fair for Trade in Services opened in Beijing on 4 September. The theme of the fair is Global Services, Shared Prosperity. The Chinese-Belarusian industrial park Great Stone took part in the fair and was awarded for exemplary global service...

Libya seeks to import MTZ tractors
The Libyan delegation asked MTZ to prepare business offers with characteristics of machines for them to place an order and conclude contracts in the short term...

One company to represent Belarusian tractor maker MTZ in Russia
All the other trading houses will be reorganized by MTZ withdrawing from their capital. Other Belarusian industrial companies use the practice. The business direction of tractor manufacturing will be controlled by the parent company just the way it is done all over the world...