Business news

Belarus’ export at $23.7bn in January-October 2017
In cost terms Belarus’ export rose by $4.4 billion, including thanks to sales of mechanical engineering products and other products with a high added value...

Russia named Belarus' major trading and investment partner in 2017
The parties continued elaborating the joint measures to promote the removal of barriers in mutual trade, the liberalization of the economic environment for business entities...

World Bank to finance 29 water industry projects in Belarus in 2018
Since 2009 Belarus has borrowed $150 million from the World Bank for the sake of developing the national water supply and wastewater treatment system. About $100 million has been spent so far, with work finished at 29 facilities...

Belarus raises export duties on oil, petroleum products on 1 January
The export duty on crude oil was increased from $105 to $111.4 per tonne. The export duty on straight-run gasoline was raised from $57.7 to $61.1 per tonne, with the export duty on commercial gasoline going up from $31.5 to $33.4 per tonne...

Another 11 Belarusian dairy companies get access to China’s market
"The export of Belarusian-made dairy products to China skyrocketed by ten times in January-October 2017 as against 2016 to reach $5.1 million. The companies affiliated with the Agriculture and Food Ministry sold $7.8 million worth of products into China in January-October 2017"...

Minsk Oblast eager to raise $195m in FDI in 2018
The implementation of major investment projects using FDI will continue. Those are projects being implemented by Slavkaliy ($49.7 million), Belarusian National Biotechnology Corporation ($7 million)...

Bryansk touted as permanent venue for Belarusian-Russian economic forums
The 53rd session of the Parliamentary Assembly of the Union of Belarus and Russia focused on problems in healthcare, education, and business in the format of the Union State...

Mogilev-based Domochay bakery starts selling into United States
"Now, as we have a solid partner in the USA, we have shipped an assortment of goods in a container. We have also reached a preliminary agreement to supply our products to the USA every month"...

Plans to sell Belarusian electric buses to Tehran
The Tehran administration is interested in using Belkommunmash electric buses in order to reduce air pollution levels. In turn, Minsk is ready to deliver the vehicles...

Belarus’ experience in MSW management laid out at seminar in Shanghai
The Belarusian side made a presentation on management of solid municipal waste in Belarus, in particular in Minsk, and on the possible areas of cooperation in this field...

Contract on Russian fuel for Belarusian nuclear power plant signed
As part of Rosatom’s integrated offer in addition to providing foreign nuclear power plants under construction with nuclear fuel for the duration of their operation on attractive terms TVEL Company is ready to work with customers to improve the design of the fuel assemblies...

Azerbaijan-Belarus trade projected at $150m in 2017
“The past year was very positive in terms of the economic relations between the two countries. In January-October, we saw a 15% increase in the bilateral trade which totaled $119 million"...

Two oil deposits discovered in Belarus
Both oil deposits are located in Rechitsa District, Gomel Oblast. The first one produced oil 4,200m below the surface after an exploratory well was drilled. The open hole produces oil to the tune of over 10m3 (8.7 tonnes) per day...

Chinese CNCEC may build nitrogen plant in Belarusian Grodno
Wang Lei informed about the Chinese company’s successful track record in building chemical enterprises in China, Russia, Egypt, and Indonesia. The sides discussed prospects of CNCEC taking part in the tender for building a nitrogen plant in Belarus...

Joint venture to promote Belarusian food in China
“A Belarus-China trading house will be registered in the Shanghai free trade zone. It will promote a wide range of Belarusian food products in China”...

Belarus seals deal to export beef, poultry to China
“This is the first contract our company has ever signed to import Belarusian beef and poultry. This year, we only imported dairy products from Belarus,” DRex Food Group President Dai Shiwei said...

Vitebsk's merchandise export projected to go up by 25% in 2017
Half of the industrial output produced in Vitebsk is bound for export. The foreign trade in services is forecast to surge by almost 200% in 2017 (against 2016). The growth was achieved across almost all types of services...

IMF appoints new mission chief for Belarus
The new chief was a member of an IMF mission to Belarus in November 2017...

Belarus negotiating selling beef to Iran
The sides discussed current matters of Belarus-Iran cooperation in agriculture and, in particular, prospects of cooperation of Belarusian and Iranian veterinary science and radiology specialists with a view to selling Belarusian beef to Iran...

Russia’s Rostov-on-Don imports 75 Belarus’ MAZ buses for 2018 FIFA World Cup
Vladimir Neronsky, head of the Rostov-on-Don office of the Belarusian Embassy in Russia, handed a symbolic bus key to Vitaly Kushnarev during the ceremony. The mayor, in turn, commended the quality and comfort of the Belarusian-made buses...