Business news

Belarusian PM outlines drivers of Belarus’ economic growth in 2024
In 2024, almost all sectors posted growth, Roman Golovchenko noted. “The main driver was the manufacturing sector, which expanded by almost 5.5%. Growth was also registered in trade, both retail and wholesale"...

PM: Belarus increases presence in global market in 2024
"These are mainly the countries of Africa and the so-called Global South. The supplies to some African countries multiplied. This is one of the president's instructions: to step up trade and economic cooperation precisely with the countries of the Global South, including Africa," the premier emphasized...

PM: Belarus’ export hits record high of $50bn in 2024
According to him, the January-November statistics shows a growth rate of 103.8%. "I think that the annual rate will reach almost the same figure. It is a little less than the target, but it is still an all-time record. We will have almost $50 billion in export," he emphasized...

Investments in Belarus 8% up in 2024
In addition to the GDP investments and their structure represent an important quality indicator of the economy, Roman Golovchenko noted. “On the whole, while the growth target stands at 3.9%, investments increased by exactly 8%,” the prime minister said...

PM: Belarus' GDP up by 4% in 2024
The economic performance will be detailed a little later, but the key macroeconomic indicators are already out, Roman Golovchenko said...

Lukashenko: Syria, Afghanistan are interested in cooperation with Belarus
The head of state noted that currently Belarus’ foreign trade caters mostly for the East, though the country is not completely abandoning economic cooperation with Western countries...

Belarus to set new tariffs for oil transportation on 1 February
The document establishes new tariffs for the transit of oil through the territory of Belarus and for domestic consumption...

Lukashenko: No hostility towards private business in Belarus
Reviewing the efforts to develop the premises of the technology park, the president said that the authorities are moving in the right direction. Yet, the head of state believes that the existing production needs to be scaled up...

Lukashenko: We need more facilities like Minsk City Technopark
Technology parks play an important role in the development of the manufacturing sector...

Lukashenko outlines MotoVeloZavod’s competition prospects
In 2024 OOO MotoVeloZavod installed equipment and commissioned a section for testing and assembling lithium accumulators. The development of the promising manufacturing facility in 2025 will be aimed at the development and manufacturing of electric vehicles...

Plans to open at least five technology parks in Minsk within five years
The head of state has no doubts that this form of the development of the manufacturing sector is efficient and relevant...

Lukashenko praises new models of Minsk-made bikes, bicycles
While visiting the technopark, the president toured a number of production facilities operating there. They are very different but united by one important point: their import-substituting products are in demand in Belarus and have a good export potential...

Lukashenko: Belarus needs second nuclear power plant
The country faces an increasing demand for electricity, both on the part of manufacturers and households. For example, the number of electric vehicles is continuously growing...

PM: Belarus is committed to long-term and sustainable partnership with Iran
“Starting from 2022, we have seen a steady increase in bilateral trade. In 2022 it grew threefold compared to the previous year. The positive trend remained in place in 2023. I am sure that it will be the case in 2024 as well,” the head of government emphasized...

Export seen as most important element of Belarusian economy
The head of state recalled that one of his first presidential programs included three key elements: export, housing, and food...

Minister comments on Belarus-Iran cooperation prospects
"We are interested not only in supplying Belarusian goods, agricultural machinery (tractors, combines, trailers, mounted units), but also in creating and transferring competencies to manufacture high-tech products like agricultural machinery in Iran"...

Belarus wants to hold forums of regions with Kazakhstan
He drew attention to the fact that Kazakhstan is among the top ten buyers of Belarusian goods. Since 2021, bilateral trade has hovered at the level of over $ 1 billion...

Humanitarian cooperation seen as driver for Belarus-Azerbaijan trade
In his opinion, cooperation in the pharmaceutical and biological industries is the most promising, as these areas have a very high added value...

Belarus-Uzbekistan exchange trade triples in 2024
According to Grigory Ginsar, an almost twofold increase in the number of Uzbekistan's traders and involvement of new liquid commodities in mutual trade facilitated the growth of exchange turnover between the countries...

Lukashenko: Tax system should be fair
"I cannot say that our system is totally fair. Look at the benefits, which we have 'imposed' on many enterprises and people that should not have them"...