Business news

Belarus hopes to use SOHAR port and freezone for joint projects with Oman
“The purpose of the visit to SOHAR port and freezone is to select a site for joint ventures and the project to establish a hub of Belarusian industrial goods in the Sultanate of Oman in order to promote our goods to the markets of third countries,” the minister said...

Maiden rapeseed meal export deal made at Belarusian commodity exchange
The volume of the first export transaction was 200 tonnes, and the buyer was a distributor of feeds for feed mills from Novgorod Oblast of Russia...

Belarus eager to set up common markets of oil, natural gas with Russia soon
Aleksandr Rogozhnik said: “We’ve reached understanding about the need to set up a common market of electricity. The relevant agreement was signed at a session of the Supreme State Council [of the Union State of Belarus and Russia] on 6 December”...

Technological sovereignty, independence from imports seen as strategic tasks of Belarus-Russia union
Aleksandr Rogozhnik said: “In January-October Belarus-Russia trade already exceeded $43 billion. We expect we will set a new historic record high in our trade figures in 2024”...

Lukashenko: Belarus invited to set up goods hub in Oman
"Sultan proposed strategic areas of cooperation. It is very important for us to define a point, a port, or maybe we will look at something else, through which our technologies, which are needed in Oman, will come"...

MFA: Belarus deals with side effects of sanctions better than EU
He also pointed out that under the sanction pressure, the Belarusian enterprises have built new supply chains and found new suppliers and markets...

Lukashenko: Minsk seeks to turn into an international trade, logistics and manufacturing hub
According to the head of state, Belarusian exporters are ready to jointly build presence in new markets as part of Oman's national program to attract foreign investment...

Agriculture minister: Good prospects to ramp up Belarus' exports to Oman
Belarus already exports its products to Oman, but the Omani side is interested in significantly expanding the range of imports and increasing their volumes. Belarus' exports might as well include veterinary drugs...

Yegorov: Belarus, Nicaragua will draw up five-year plan of economic cooperation
He stressed that Belarus' goal is not just to sell its equipment. The idea is to promote mutual development of the two countries...

Belarusian PM highlights importance of logistics, transportation
"It is wrong to let third countries take away this capacious domestic market sector, the demand for which is largely financed by budget allocations," Roman Golovchenko added...

Assembly of Belarusian vehicles in Nicaragua discussed
Belarus is also interested in importing coffee, bananas, and sea food from Nicaragua...

More Belarusian tractor assembly kits now exported to Cuba
The first ever batch of MTZ tractor assembly kits was delivered to Cuba in 2024 with the DBRB’s financial assistance...

Belarus seeks closer trade, economic cooperation with Russia's Ingushetia
The parties discussed the business doing conditions in Belarus and Ingushetia and attracting investments in the country and support for small and medium-sized enterprises...

Electricity consumption by e-vehicles doubled in Belarus in 2024
The minister spoke about the development of the energy sector and noted that the number of electric cars on the roads of the country has reached about 21,000...

Ryzhenkov: Belarusian MFA maintains strategic dialogue with business to facilitate exports
He emphasized that the main measure of success of joint work of business and government is the increase in foreign trade of goods and services...

Lukashenko orders to examine use of fiberglass in manufacturing industry
One of the advantages of this material is that it is much lighter than metal. This is significant for such industries as, for example, aircraft construction. Belarus will certainly be able to find markets for its products...

Lukashenko: Belarusian economy is slowly restructuring
As an important aspect of the activities of POZHSNAB and other similar enterprises, Aleksandr Lukashenko pointed out that while producing the final product, they maintain cooperative ties with many producers and, first of all, with state-owned enterprises where they buy raw materials, parts and assemblies and chassis and supplement them with their own ultramodern things...

Belarus, Russia's Nizhny Novgorod Oblast sign contracts worth over RUB1bn
Following the meeting, a cooperation agreement was signed between Alekseev Nizhny Novgorod State Technical University and Belarusian State Technological University. A cooperation agreement in education was also signed between the Neimark educational organization (Nizhny Novgorod Oblast) and the Digital Development Center (Minsk)...

Lukashenko announces plans to inspect promising industrial enterprises
It is necessary to identify sectors and individual companies where Belarus has made considerable progress and developed good competencies that can be scaled up in the near future...

Belarus ranks third among fastest growing European economies in 2024
According to the graphic prepared by the media company, Belarus’ GDP will expand by 3.6% in 2024. Belarus shares the third position with Russia that is projected by the IMF to grow by 3.6% too...