Business news

Belaruskali operates at maximum capacity
Contract obligations to buyers are fulfilled in full, the company stressed...

Belarusian Universal Commodity Exchange starts cement sales
According to the source, BUCE has started regular trade sessions to sell products of the holding company Belarusian Cement Company on the home market. As many as 18 indivisible lots with the volume varying from 2,000 tonnes to 20,000 tonnes were available for sale on 27 August. As a result of the trade session 7,000 tonnes of cement was sold for Br991,200...

Opinion: Belarus, Dubai have great prospects in trade
The parties also mulled over organizing a joint event for Belarusian exporters that eye the markets of the Persian Gulf, Asia, and Africa in 2020...

Lukashenko compares private firms, state-run companies
The president stressed that there should be no difference between state-run companies and private businesses. Both the state-owned and private companies should be well-performing businesses using cutting-edge technologies and achieving great results...

FEZ Grodnoinvest companies’ export to Canada up 6.5 times in H1
In January-June resident companies exported an estimated $425 million worth of products to 46 countries worldwide. The CIS countries accounted for 80% ($342 million) of the export. Russia remains the key market for the FEZ. It accounts for 66% of the export ($280 million). The top three importers of Belarusian products also included Poland ($52 million) and Ukraine ($47 million)...

Gomselmash busy selling harvesters to Russian regions
Over the course of 13 years of cooperation the dealership sold over 3,200 self-propelled grain and forage harvesting machines. The company sold a broad range of products. Effective logistics chains have been established to enable deliveries to various parts of Russia...

Gomselmash boosts harvester sales to Russia’s Omsk Oblast
Four grain harvesters GS12 operate at the Kulikovo agricultural enterprise in Omsk Oblast. The machines were jointly produced by Gomselmash and the Russian agricultural machinery manufacturer Bryanskselmash and sold via the distributor Sibirskaya Baza...

Lukashenko: We will not let Belarusian ruble collapse
According to Aleksandr Lukashenko, Belarus has not really tapped into its gold and foreign currency reserves yet...

Belarusian Cement Company’s sales proceeds over 10% up in H1 2020
In January-June 2020 Belarusian Cement Company made nearly 2.3 million tonnes of cement, 102.3% as against H1 2019...

Ambassador: Belarus is looking forward to increasing trade with Vietnam
According to him, the free trade agreement between Vietnam and the EAEU gave a big boost to the development of trade and economic relations. Last year, the trade with Belarus exceeded $200 million...

Belarusian BelAZ wins tender to ship 96 haul trucks to India
According to him, the products will be supplied in the course of two years. BelAZ will ship to India 12 haul trucks in 2020 and the rest in 2021. The contract is worth over $300 million...

Lukashenko stresses importance of stable operation of manufacturing sector in Belarus
"Everyone understands perfectly well that efficient operation of manufacturing companies is crucial for the national budget and the ability of the state to finance social programs. The stable operation of the Belarusian industry is a cornerstone of the country's economy"...

Belarus viewed as important political, economic partner for Vietnam
According to Pham Hong Chuong, recently Belarus and Vietnam have been strengthening economic cooperation, implementing new projects to set up joint companies in Vietnam to produce dairy products from Belarusian raw materials, assemble buses and trucks...

Belarus, Vietnam interested in closer business ties
"The cooperation between our countries is on the rise. Recent years have seen high-profile political and business visits, meetings at the highest level, a number of exhibition events and forums where business people forge new contacts. All this suggests that Belarus and Vietnam are interested in closer business cooperation,” Denis Meleshkin said...

Batch of Belarusian timber worth $1.6m sold to China
The volume of sales during the first trade sessions to sell timber and deliver it to China was small. However, Chinese companies have been more active since June. In turn, Belarusian companies see the rising demand for sawn timber and start offering larger batches for sale...

Belarusian Bellegprom’s garment, knitwear companies report foreign trade surplus in H1 2020
"In H1 2020, export of enterprises of the knitwear industry reached $50.3 million, the garment industry – $21.5 million. As a result, these enterprises reported a surplus: $6.9 million in the garment industry and $22.7 million in the knitwear industry"...

Over 80 companies with Belarusian capital operating in Uzbekistan
Mechanical engineering has become one of the priority areas of cooperation with Uzbekistan. Belarusian flagship companies such as MTZ, MAZ, Amkodor are running joint projects with their Uzbek partners in Tashkent and other regions of Uzbekistan...

BelAZ opens major tech support center in Russia’s Kemerovo Oblast
Piotr Parkhomchik said that the technical support center had gathered all the competences in the area of technical support, maintenance, and repairs of BelAZ mining vehicles, which will be realized in line with documents and blueprints developed by the Belarusian company. It will guarantee exceedingly high quality of all kinds of repairs...

FEZ Gomel-Raton raises over $55m in foreign investment in H1 2020
"Foreign direct investment on a net basis amounted to $25.2 million. Capital investment from the FEZ resident companies came at over Br110 million (115.5% as against H1 2019)"...

Surplus of Belarus’ foreign trade in H1 2020 secured
According to Roman Golovchenko, in H1 2020 the surplus amounted to $757 million, $488 million up from last year. It is a good figure for the balance of payments and for macroeconomic balance. Trade in services still plays a crucial role in achieving the foreign trade surplus...