Business news

Furniture export by Belarusian Ivatsevichdrev 16% up in January-July
The Ivatsevichdrev furniture is primarily shipped to Poland and Russia. Export to Latvia and Kazakhstan has increased considerably. The company has started exploring the French market as well...

Gomselmash launches harvester supplies to Armenia
Anania Soghomonyan said that the combine harvester meets the best analogues of world producers in its class. In Armenia, many agrarians consider it more appropriate to use Belarusian agricultural equipment...

Belarusian companies eye market of Russia’s Krasnoyarsk Krai
The parties gave presentations, held online talks, and discussed mutually beneficial cooperation in such areas as container transportation by rail, export of Belarusian food products to Krasnoyarsk Krai, design, construction, and maintenance of individual heating substations, and construction of iron removal stations...

Belarusian steel mill BMZ eager to make more metal cord, wire in August
BMZ’s wire manufacturing divisions, in particular, the production of metal cord and bronzed bead wire, were hit hard by consequences of the coronavirus pandemic’s impact on the global economy. The demand for these products plummeted after major European tire manufacturers suspended their operations...

Belaruskali’s new mining division ships first batch of fertilizers to customer
According to the source, a batch of potassium chloride weighing 28.64 tonnes was sent by road to the agricultural enterprise Polesye-Agroinvest...

Agrokombinat Dzerzhinsky described as good example of rural modernization
In his words, such agricultural holding companies should be the locomotive of the agricultural industry because they support weaker farms...

Belarusian light industry concern Bellegprom seeks to advance cooperation with Ukraine
"A delegation of the Bellegprom concern was on a two-day visit to Ukraine. During the visit, the delegation held talks with senior executives of the Ukrainian association of enterprises of textile and leather industry Ukrlegprom to discuss important cooperation matters, including ways to increase supplies"...

Belarusian companies interested in executing installation and construction contracts in Russia
The parties discussed various areas of industrial cooperation, the possibility of involving Belarusian contractors (subcontractors) to perform installation and construction work at various energy facilities in the regions of Russia...

Lukashenko: Much work is ahead to finish harvest and to be confident in the future
"The harvesting campaign of grain crops is nearing completion. Some 10% remains to be harvested"...

Great Stone industrial park joins international e-commerce agreement
The participants of the online conference discussed China’s digital trade, coronavirus-related risks for the global trade, a digitally friendly world and new trends in digital trade...

Number of furniture makers in Belarus doubles over past five years
"The introduction of new woodworking capacities in Belarus gave rise to new small and medium-sized businesses. Since 2015, when Bellesbumprom launched new wood panel factories, the number of furniture manufacturers has more than doubled in the country to make up some 1,300 companies today"...

Kamvol's development prospects discussed
The participants of the meeting focused on the implementation of the business development plan, production and shipping plans, and also export expansion...

New FEZ resident to build photo power plant near Brest
A company with Irish capital, Smart Sun, has been registered in FEZ as a new business entity. The company plans to build an 8 MW photovoltaic power station in the industrial zone area Airport...

Economy Ministry to work out proposals on improving import substitution effectiveness
"Import substitution is one of the priorities in the country’s development in the near future. The key question is by how much results of rational and effective import substitution have affected the country’s balance of payments, what their net effect is"...

Eurasian Development Bank expects revival of member states’ economies
According to the EDB analysts, the economic recession in Belarus slowed down significantly...

Belarusian Railways’ container transportation 1.5 times up in July
Belarusian Railways secured positive dynamics of container transportation in January-July 2020. The volume of container transportation increased by 1.3 times to 511,800 TEUs. The export of products of Belarusian companies in loaded containers increased by 1.2 times...

Round timber sales via Belarusian Universal Commodity Exchange 27% up in January-July
Pulp wood of coniferous species and timber without a designated use traditionally enjoyed the strongest demand among buyers. The two items accounted for over 80% of the total sales...

Holding company to unite Belarusian glass industry enterprises soon
The idea to set up the holding company was prompted by positive examples of mergers of enterprises in other industries...

Belagro 2020 postponed to 29 September - 4 October
The expo was supposed to take place on 2-6 June but was postponed due to the coronavirus pandemic to 1-5 September and then to 22-26 September. Now the dates have been moved for another week...

European Union’s share in merchandise export via BUCE past 80% in January-July
The top three buyers are Latvia, Lithuania, and Poland with the sum of the deals at $140 million...