Business news

Electricity consumption in Belarus to grow by 3bn kWh by 2020
The first power-generating unit of the Belarusian nuclear power plant is scheduled for commissioning in 2019. As soon as it operates at full capacity, electricity supply will be growing faster than demand...

Russia’s Primorye Territory interested in assembling Belarusian utility vehicles
The sides discussed the possibility of Amkodor taking part in implementing the import substitution policy and various regional programs on developing Primorye Territory...

Belarus-Chelyabinsk Oblast trade up by third in January-October 2017
Belarus-Chelyabinsk Oblast trade totaled $235.4 million in January-October. Belarus major exports were region trucks, road construction equipment, tires, refrigerators, deep freezers, components and accessories for cars and tractors...

Belarus, Russia to create advanced planet scanning satellite
“We are in negotiations with companies from various countries for the sake of creating equipment, including through joint efforts. The creation of a satellite for the remote sensing of Earth with an extremely high resolution is the closest project we can implement today, including for export purposes"...

NASB produces Br1.5bn worth of biotechnological products in 2016-2017
"Science is shifting to cluster organization. A number of important application-oriented clusters have been created in the fields of engineering, instrumentation, microbiology, genetics, pharmaceutics, opto- and microelectronics, and composite materials"...

Lukashenko instructs to boost food import substitution
“We need to intensify import substitution on the Belarusian food market. The retail sales share of some imported food products remains unreasonably high,” Alexander Lukashenko said...

Belarus president encourages medical science to explore new technologies
“Medical scientists should more actively master new technologies, work out and introduce modern screening programs, put efforts into making the available medical services cheaper”...

Lukashenko urges to look into feasibility of BelBiograd project
“Please think about it. I am ready to support your decision if you answer the following question: can we develop certain branches in the existing system? If we cannot, we will create a specialized facility”...

Belarus president wants better labor productivity in agribusiness
Alexander Lukashenko remarked that a number of internal problems of economic and social nature continue to plague Belarusian agribusiness. The president believes the problems should be resolved through reliance on science. First of all, it is necessary to increase labor productivity, which remains twice as low as that in the European Union....

Call to boost high-technology manufacturing in Belarus
“In recent years, the share of high-technology industries has grown insignificantly: from 2.5% in 2010 to almost 3% in 2016. The share of low-technology manufacturing still makes up more than a third of the real economic sector, going up from 30% in 2010 to 35% in 2016,” the head of state said...

Belarus’ food security relies on new domestic technology
“We have not only become self-sufficient in this regard. We have become an export-oriented country (the share of exports of agricultural products and foodstuffs in merchandise exports amounted to 17.7% in 2016). For 10 years, agricultural production has expanded by 30%"...

Belarus’ electricity imports down threefold due to energy system modernization
According to the head of state, the country saved up around two million tonnes of oil equivalent over the last five years. Belarus also saw a significant drop in air emissions...

Russian Atomenergomash ships reactor lid for second unit of Belarusian nuclear power plant
The upper unit includes a lid with ducts, an air vent pipe and metal structures with a traversing bar. The shipped products weigh 130 tonnes...

Belarus plans to sign agreements on cooperation in science with Spain, Austria, Argentina
"Belarus actively promotes cooperation in innovations and science with foreign countries: agreements on cooperation in science and technology have been signed with 46 countries, in innovations with more than 50 states"...

Belarusian Amkodor to help Russia’s Bashkortostan master modern forest harvesting technologies
Amkodor has been the third largest seller of forestry machines in Russia since 2014 behind John Deer and Ponsse and ahead of Komatsu...

Latvia interested in cooperation with Belarus in agriculture, forestry
"We have had two joint projects in the field of forestry which have been a success. We constantly cooperate with the NASB scientific organizations that are working on technologies for agriculture and food"...

No plans to sell minority interest in Belarusbank development strategy till 2020
“We do not envisage the sale of a minority interest, 25% that we have discussed, to an investor in the strategy of bank till 2020,” Chairman of the Board of OAO Belarusbank Viktor Ananich said...

Two Belarusian companies authorized to supply beef to China
China is the world's largest importer of beef. Last year the Chinese beef import was estimated at $2.6 billion...

Brest Oblast Hospital to cooperate with University Hospital of Strasbourg
"We are first of all interested in the development of thoracic surgery, cardiosurgery, anesthesiology, and transfusiology. These are the medical sectors we have recently mastered"...

Belarus to take part in Gulfood 2018 in Dubai
The exhibition is popular among food producers and suppliers from around the world, largely due to the fact that the UAE is the key hub in re-export of food products to the Persian Gulf countries and supplies more than 90% of food to Bahrain, Qatar , Kuwait, Oman, and Saudi Arabia...