Business news

Grodnoinvest’s exports to Moscow, Moscow Oblast at $53m in January-May
The list of exported products is diverse featuring meat preserves, furniture, hosiery, alkyd resins, medium density fiber boards, containers of ferrous metal, wires and cables, herbicides, yarn, plastics, and metal fabric...

Sales of steel products via BUCE up 33% in H1 2020
"Since the start of the year, products of ferrous and nonferrous metals worth Br27 million have been sold via the Belarusian Universal Commodity Exchange"...

Over 8,600 cars made by Belarusian car factory BelGee in H1 2020
In H1 2020 the company sold 8,644 cars, including 4,470 cars on the Belarusian market. Export growth rate went up and approached 101% in U.S. dollar terms...

PM: Belarus’ GDP on a positive track in June
"Belarus is deeply integrated into the global economy, international cooperation chains. We have an open, export-oriented economy. That is why this [global economic situation] could not but affected us"...

Lukashenko: Bountiful harvest can generate good revenues for Belarus
At the same time, the head of state noted that harvesting should be done properly and in time to avoid losses...

EAEU chambers of commerce discuss resumption of business activity amid pandemic
The conference discussed joint proposals on ways to resume business activity in the EAEU countries amid the pandemic, to promote the smooth and effective interaction of business, remove barriers to mutual trade...

Belarusian confectionery branches out into Kazakhstan market
"We supply almost the entire line-up to that country: zefir, marmalade, toffee, pastille, and candy"...

Container train with Belarusian cut timber to leave for China on 24 July
"Railway transport is one of the most economical, reliable, and precise ways to deliver freight. It is universal for transporting large amounts of merchandise across great distances"...

NAIP-UNCTAD conference to focus on investment, post-pandemic economic recovery
Representatives of the state, heads of companies and international experts will use two thematic panel discussions to look into investment opportunities of Belarus in the context of post-pandemic economic recovery, companies’ experience of working n Belarus with a view to the potential of the EAEU markets...

NAIP to work with MPs to attract investment to Belarus
"We are creating a kind of fusion of political influence and professional expertise and set up a team to help investors find common ground with local authorities during project implementation: from the allocation of land to hiring workforce"...

Belarusian ice cream now available in Beijing stores
"In July, the retail chains of Beijing started selling Belarusian ice cream made by the Morozprodukt company. The first batch arrived in China on 2 July and is on sale in the Chinese capital"...

Belarus prime minister: Time to move on to matters of strategic development
In his words, the manufacturing industry is gradually recovering as well as the transport industry, the trade industry while the labor market situation is manageable...

Prime minister cites projections from Belarus’ draft budget for 2021
"It is already obvious that the next year’s budget is being worked out in complicated conditions, in conditions of limited resources. Direct losses of the budget revenues in 2021 from the so-called tax maneuver alone are estimated at about Br350 million"...

Government expects Belarus’ GDP to grow by 3.5% in 2021
"There are plans to secure more than half of the growth – 1.9 percentage points – by means of external demand. A clear-cut and well-considered export strategy is needed in order to hit the target"...

Belarus’ Development Bank gets mandate to select commercial projects for financing
Previously, the bank worked mainly with projects included in state programs or approved by the head of state or government...

Belarusian manufacturer taps pharmaceutical market of Hungary
"The list of drugs includes cancer medicines and the drugs to calm a cytokine storm in COVID-19"...

Lukashenko hails Belarus’ anti-money laundering progress
"We have been gradually liberalizing the financial and currency markets. However, easing the requirements does not mean lawlessness"...

BelGee’s output up by 11.3% in H1 2020
In H1 which was a difficult time for the world economy because of the pandemic, BelGee did not stop the production line. All contracts were executed in full...

Port of Riga ready to provide most favorable conditions for Belarusian exporters
"First of all the matter pertains to the shipment of general cargo, which is of high interest to mid-sized business, woodworking products, grain, mineral fertilizers"...

Minister: Belarusian industry is on track for recovery
According to the minister, Belarus may reach zero growth of gross domestic product at the end of this year after the GDP decline by 1.7% in H1 2020...