Business news

Belarus to actively use Latvian ports for transshipping cargoes
"We intend to continue actively using the Latvian port infrastructure because diversification is absolutely crucial for any country and any economy, including the Belarusian one"...

Belarus’ farm exports to Asia, Oceania up 2.4 times in January-May 2018
All in all, the export by enterprises affiliated with the Agriculture and Food Ministry to non-CIS countries surged by 67% to amount to $47 million...

Belarus’ agricultural exports up by 6.5% in January-May 2018
"In January-May 2018 the export of agricultural products rose by 6.5% to total $2.071 billion. The meat products group contributed the most to the growth"...

Belarus’ Development Bank increases export lending by 80% in H1 2018
In H1 2018 the bank lent a total of Br282.3 million in export loans, 1.8 times as against the volume granted in H1 2017...

Belarus fulfills obligations in counteracting banned imports to Russia
"It seems to me that this has already become some bad tradition to blame someone, especially on the transit route and say that it is probably the Republic of Belarus. Kazakhstan and Kyrgyzstan are under the same fire”...

Belarus' agricultural output up by 1.7% in H1 2018
The output by all types of agricultural companies in Belarus in current prices reached Br5.9 billion in H1 2018, up by 1.7% from the same period last year in comparable prices...

Belarus' retail sector growth at 9.9% in H1 2018
In January-June 2018 the retail sector in Belarus expanded by 9.3% in comparable prices versus January-June 2017 to reach Br21 billion...

Belarus’ GDP up by 4.5% in H1 2018
In current prices Belarus' GDP stood at Br55.8 billion or 104.5% in comparable prices as against H1 2017...

Plans to build logistics centers for Belarusian products in China’s Guangdong Province
Wang Enpei praised the quality of Belarusian products, which sell well in China, this is why the interest in cooperation is mutual...

Belarus president blames big Russian companies, high-ranking officials for banned imports
Efforts to counteract the import of embargoed products to Russia were mentioned as Belarus President Alexander Lukashenko met with Chairman of the State Customs Committee Yuri Senko on 17 July...

Belarus, Russia setting up youth business incubator
"It is possible that we will be able to open it this year. The incubator will operate on the basis of the major universities of Belarus and Russia and will help students implement joint business projects"...

Belarus’ industrial output 7.8% up in H1 2018
In H1 2018 Belarus' industrial output totaled Br53 billion in current prices or 107.8% in comparable prices as against January-June 2017...

Harvest season kicks off in Belarus
As of 16 July, an estimated 124,600 hectares planted with cereals and leguminous crops were harvested, which is 5.9% of the sown area. This year’s harvest season arrived in Belarus earlier than in the previous year...

Delegations from Russia, Lithuania to attend business conference in Vitebsk
An international business conference “Innovations as a Way to Successful Integration” will take place in Vitebsk on 16-17 July. Taking part in the event will be delegations from Lithuania and Russia...

Belarus, Germany may reach $3bn in mutual trade in 2018
“The Belarusian tractor is widely used in small farms in the eastern part of the country. The Belarusian tractor has a good reputation there”...

First container train arrives in Minsk from Chongqing
"The Belarusian-Chinese cooperation has been developing very rapidly in recent years. Chongqing and Minsk are important cities in the Belt and Road initiative. Direct communication between them creates new opportunities in trade, economy and humanitarian affairs"...

Belarus, Russia sign roadmap to lift restrictions on dairy supplies
The parties signed a roadmap on bilateral cooperation in lifting mutual restrictive measures on dairy supplies in 2018...

Belarus interested in high-tech manufacturing together with Chinese Chongqing
“We are interested in expanding cooperation with Chongqing across the board starting with enabling transit along the Belt and Road route, cooperation in tourism and education and ending with the establishment of joint high-tech ventures in the industrial park Great Stone, which represents the most prominent example of Belarus-China cooperation”...

Minsk Oblast set to build up trade with China in 2018
Major exports to China, including to Chongqing, are mineral potash fertilizers, chemicals and agricultural products (oil, whey powder, cheese)...

Belarus counts on expanding cooperation with IMF
During the meeting the sides discussed macroeconomic stability of the economy, support for the private sector, the restructuring of state-run enterprises, and priority avenues of Belarus-IMF cooperation in the medium term...