Business news

Belorusneft-Osobino eager to export more food to Asia
The first batch was shipped to China in January 2020. A number of other shipments followed. The Chinese partners are primarily interested in chicken feet, various wing parts. The enterprise is working on contracts to sell more of other kinds of products, too...

Every upgraded installation at Belarusian Naftan produces economic effect
"The environmental factor and import substitution are important. We will actually substitute raw materials, which are bought to make fertilizers, with Naftan products"...

Central bank: No imbalances in Belarus’ macroeconomic policy
Over the past five years the National Bank in collaboration with the government has been pursuing a policy that seeks to maintain price stability and a macroeconomic balance...

Belarusian oil refinery Naftan commissions elemental sulfur production plant
The elemental sulfur production plant will utilize the hydrogen sulfide the other plants of the enterprise will feed. It will reduce Naftan’s emission of pollutants by 14,000 tonnes per annum...

Over 2.1m tonnes of grain harvested in Belarus
As of 30 July, grain and leguminous crops were harvested on the area of 568,200 hectares, or 25.9% of the plan...

Belarusian tractor factory MTZ resumes deliveries to Zimbabwe
A total of 130 MTZ-820 tractors in several shipments have been sent to Zimbabwe already. The company intends to honor all the commitments as part of the contract by the end of August by delivering over 300 tractors...

Belarus sells $5.1m worth of timber to China via commodity exchange in 2020
"Until recently, the lion's share of domestic timber was delivered to China indirectly, mainly through the Baltic countries. This inflated prices of goods for the end consumer, and our exporters, in turn, they lost part of their foreign exchange earnings"...

Mogilev-based Krasny Metallist to start making loft-style furniture
The company did not need expensive retooling in order to branch out its manufacturing: the existing facilities can be used to make not only tableware but stylish interior components...

Belarus plans to promote eco-tourism
The project will be implemented in cooperation with the Berezinsky Biosphere Reserve, the sanctuaries Ozery and Krasny Bor and in coordination with Russia...

Ambitious plans for making Belarusian logging machines in Russia’s Republic of Karelia
There are plans to sell products made by the Belarusian-Russian joint venture not only in Russia but also on the international market...

Karelia-Belarus annual trade of $100m viewed as achievable goal
"We would like to reach $100 million in annual mutual trade. This is the figure we discussed with Belarus President Aleksandr Lukashenko in December 2018. We are still at the very beginning on our way towards achieving the goal"...

Support for real sector identified as key area of Belarusian government’s work
"In the most complicated periods that Belarusian enterprises encounter in the course of their work our government is always ready to lend a hand. The enterprises receive various kinds of aid in the form of cheaper electricity and heating energy, exemption from some taxes"...

Belarusian IT company develops COVID-19 situation analysis system for Healthcare Ministry
The software will enable faster, fuller, and more transparent sharing of data submitted by healthcare organizations...

Share of Latvia, Lithuania, Poland in merchandise export via BUCE at 57% in H1 2020
The most popular products bought via BUCE in H1 2020 included edged softwood timber, chip fuel, and colza oil. Lithuanian companies were the largest buyers of sawn timber...

Belarusian Planar to design unique laser equipment model
Planar specialists are now working on a new technology to make microimages using a matrix that contains over 1 million micromirrors, each of which is controlled using a dedicated algorithm. The technology will allow forming images with nanometric precision...

Lukashenko visits dairy plant in Nesvizh, samples local products
Most of the output – about 96% -- is exported to Russia. Work is in progress on shipping local products to China and countries of the European Union...

Belorusneft Siberia acquires new-generation drilling rig
The drilling process is automated. The control system allows monitoring and changing all the parameters in real time. The drilling rig with the lifting capacity of up to 400 tonnes allows drilling boreholes up to 6,000 meters deep in any Arctic weather conditions...

Container train with Belarusian cut timber leaves for China
In H1 2020 Beltamozhservice sent nine container trains (over 500 containers) to China. The total volume of delivered products stands at 12,000 tonnes...

Belarusian food producers interested in stronger positions on Canadian market
Specific ways to stimulate the export of Belarusian goods were discussed. Conditions for penetrating the Canadian market and strengthening positions on the market were outlined...

Belarusian steel mill BMZ works to increase export
Steel output is expected to increase by 18% in July in comparison with the previous month. Positive dynamics in export and earnings is expected...