Business news

Belarus, Russia's Dagestan to enhance exchange trade
According to BUCE, currently the main product sold through the exchange to Dagestan is butter. Last year, the total transaction value amounted to $1.6 million. In January-February 2025 it reached $700,000...

BelCCI: Belarusian enterprises show big interest in cooperation with Brazil
Yelena Malinovskaya suggested hosting delegations of Brazilian business representatives in Belarus and combine their visit with participation in the largest international exhibition Belagro to be held in Minsk in June 2025...

Possible new drivers of Belarus economy’s growth considered
"Increasing the efficiency of the traditional economy is a task we have to accomplish and this task is not going anywhere. But in my opinion the development and establishment of new branches of the economy should produce an effect in the next five-year term after all,” he is convinced...

Belarus’ GDP up by 3.1% in January-February 2025
According to estimates, in January-February 2025 the GDP amounted to Br38,7 billion in current prices, up by 3.1% in comparable prices year-on-year...

Belarusian Bobruiskagromash, MTZ-Guinee seek closer ties
Director of the MTZ-Guinee company Namory Keita paid a working visit to Bobruiskagromash. Following the visit, he expressed readiness to strengthen cooperation between the companies...

PM: Economic growth in Belarus should not jeopardize macroeconomic stability
The prime minister noted that Belarus has achieved a high level of wages and would like to maintain momentum...

Lukashenko confirms plans to develop fair pricing formula by 1 April
Belarusian President Aleksandr Lukashenko confirmed plans to work out a fair pricing formula by 1 April as he met with Belarusian Prime Minister Aleksandr Turchin to receive his report on 18 March...

Belarus plans to supply milk powder to West Africa via commodity exchange
Senegal is among the largest consumers of dairy products in West Africa. Last year, the country imported nearly 34,000 tonnes of dairy products worth $106 million. For Belarusian dairy processing companies, this is not only a promising sales market but also an opportunity to strengthen their position in the region as a whole...

Belarus, Tatarstan to develop electronic exchange trade
The main purpose of the agreement is to consolidate the efforts of the parties to attract small and medium-sized businesses of Tatarstan, which is one of the largest and most economically developed regions of Volga Federal District of Russia, to the Belarusian commodity exchange...

Retail in Belarus up by 10% in January-February 2025
Retail outlets accounted for 95.4% of retail sales. In January-February 2025 they reported Br13.7 billion in retail sales, or up by 10.9% as against January-February 2024...

Belarus' industrial output up by 2% in January-February 2025
The mining industry expanded by 0.9% and the processing industry grew by 2.6% year-on-year...

Belarus’ agricultural output up by 1.2% in January-February 2025
Agricultural enterprises manufactured Br3,441.9 million worth of products, up by 1.4% year-on-year in comparable prices...

Matviyenko comments on import independence, joint projects of Belarus, Russia
"We are import-independent in a number of important positions, including the production of machine tools, as Aleksandr Grigoriyevich [Lukashenko] said, electronics and other types of products that were easier to import before,” she stressed...

Lukashenko wants more progress in transition to common gas, oil markets of Belarus, Russia
According to him, the goal of the Union State model is deep integration, the desire to develop a common economic space with the preservation of political sovereignty of each country...

Lukashenko eager to attend Forum of Regions in Nizhny Novgorod together with Putin
Contracts worth over Br1 billion were signed during the Forum of Regions of Belarus and Russia in 2024 alone...

Lukashenko: Sanctions against Belarus, Russia backfired on those who imposed them
Aleksandr Lukashenko noted that the Union State is running promising import-substituting investment projects. Their implementation allows substituting critical imports and manufacturing high-tech products...

Lukashenko quotes concrete figures to explain benefits of Belarus-Russia union for people
The Belarusian leader described economic cooperation as the foundation and quoted certain indicators of the last 25 years. In this period the GDP grew by more than 6 times in nominal terms in Belarus and by 10 times in Russia. The GDP per capita rose by nearly 7 times in Belarus and by 11 times in Russia. Trade turnover rose by 7 times to come close to $60 billion last year...

Lukashenko against rushed AI development
Aleksandr Lukashenko said that even highly trained foreign specialists, who he has talked to and who focus on artificial intelligence, do not know what the development of this technology may bring about...

Belarus-Laos Friendship Society established in Minsk
". It is meant to intensify economic and social interaction between the two states,” Nina Ivanova, head of the Presidium of the Belarusian Society of Friendship and Cultural Relations with Foreign Countries, said at the founding meeting...

EDB: Belarus maintains high economic growth
In 2024 the economy of Belarus expanded by 4% following a 3.9% increase in 2023...