Business news

Lukashenko warns against reduction in employment
Creating high-performance jobs remains a priority goal, and the whole vertical of power is responsible for achieving it, the president added...

Lukashenko displeased with unreasonably long modernization of large enterprises
“However, the implementation of individual projects has taken unreasonably long time. First of all, it applies to Svetlogorsk pulp and paper mill, Dobrush factory Geroy Truda, newsprint plant in Shklov, and oil refineries”...

Belarus’ economy to prioritize development of large enterprises
The president emphasized that the strong economy is the foundation of a successful state, and Belarus has done a lot over the years of independence. For example, the gross domestic product per capita and in terms of the production parity went up almost five times...

Lukashenko wants breakthrough projects in every industry
“We need projects of the future in keeping with the best global trends in every industry. We need new production facilities, new technologies and new products,” Aleksandr Lukashenko said...

Belarus president urges to create environment for healthy competition
People’s incomes and their growth remain among the priority goals for the government. Certain categories of workers in the scientific, education, healthcare, and construction sectors saw wage rises last year...

Gomeltransneft Druzhba: Oil transit through Belarus is more cost-effective than via seaports
"The analysis shows that the route through Belarus remains the most economically attractive, including taking into account our proposal to raise tariffs by 23%"...

Foreign ambassadors get familiar with potential of China-Belarus industrial park
"Recognizing the tough competition for investors on the international market, Belarus has created the most pleasant investment climate there is for residents of the industrial park"...

Belarus, Tajikistan to cooperate in engineering, agriculture
"We have set up a joint venture in engineering [assembly of tractors in Hissor]. We need to build channels to move our goods, including through Tajikistan to neighboring countries. Work is underway on joint dairy companies"...

Belarus, Uzbekistan to set up joint venture to produce medicines, antiseptics
The delegation met with Uzbekistan’s minister of health and the head of the Agency for the Development of the Pharmaceutical Industry under the Ministry of Health of Uzbekistan...

China implements 4 investment projects in Grodno Oblast
A company from China has purchased a 16-storey building of the former Grodno Hotel. It is currently under reconstruction. The project envisages a new hotel, a restaurant, trading area and offices...

EBRD-sponsored strategy to guide Belarusian top road construction company for four years
The work done to put together the strategy allows laying the foundation for steady growth and a stronger stance of Belavtodor both on the home market and abroad, said Yuri Masyuk, Director General of OAO Managing Company of Belavtodor Holding Company...

Export to the EU conference to feature Belarus’ petrochemical industry
“Products made by Belneftekhim Concern dominate Belarus’ export to the EU member states. The conference is designed to identify factors impeding expansion of petrochemical exports to the EU and ways to resolve them”...

Belarusian HTP, Dubai International Financial Centre to develop cooperation
The parties agreed to canvass the possibilities of involving Belarusian companies into the DIFC acceleration programs and to step up investment cooperation...

Belarusbank, Poland’s BGK sign framework agreement
The framework agreement will optimize loan issuance procedures, thus making it easier to finance supplies of Polish products and services to Belarus...

Indian companies interested in joint projects with Belarus
Participants of the meeting discussed ideas and projects for advancing Belarus-India cooperation in the manufacturing sector, pharmaceutics, digital technologies, textile and petrochemical industries, tourism, and other spheres...

Belarus’ business opportunities presented in Czechia
Belarus Deputy Minister of Foreign Affairs, сo-chairman of the Belarusian part of the Belarusian-Czech mixed commission on economic, industrial, scientific and technical cooperation Evgeny Shestakov made a report during the conference...

Belarusian producers invited to join Made in Belarus exposition in Angola, Mongolia
Participants of the Belarusian expositions are offered priority location in pavilions, general decoration with elements of national symbols, promotional and informational support, invitation of businessmen of Angola and Mongolia to the exposition, and the organization of the trip...

Belarus plans to launch export of fish, baby food to China
“We intend to sign two new contracts to supply fish and serum for technical purposes to China,” Aleksei Bogdanov said...

Belarus, Turkey outline SME promotion measures
An agreement was reached to continue exchanging investment proposals and plans regarding exhibition events and days of economy, and to assist the participation of Belarusian and Turkish entrepreneurs in these activities...

Belarus’ revenue from foreign hunting tourism up 1.5 times since 2015
"Foreign guests come to Belarus to hunt moose, red deer, roe deer, wood grouse, grouse, geese, woodcock and other types of game. In 2018 we conducted 838 hunting tours for foreign citizens"...