Business news

Belarus, Pakistan working on 2025-2027 trade promotion roadmap
During the meeting with the federal minister for commerce, who is the co-chair of the bilateral intergovernmental commission, the parties discussed cooperation in trade, economy, industry, agriculture, and the banking sector...

Lukashenko: No surplus of electricity if another NPP is built in Belarus
He noted that not only industry and households need electricity...

Heads of Belarus’ industry giants expect continued growth in short term
The company heads pointed to an increase in demand and prices for their products, a rise in output that was driven partly by solid demand abroad, and the preservation of a high capacity utilization rate...

Manufacturing sector’s share in Belarus’ GDP at 27.5% in 2023
The manufacturing sector’s share in merchandise export increased by 0.5 percentage points to 94.1%. Belarus’ industrial output amounted to Br187.8 billion in 2023, with Minsk Oblast and Gomel Oblast in the lead...

31.5bn kWh of electricity generated by Belarusian nuclear power plant so far
“The project brought together scientific and engineering schools, tens of enterprises and thousands of specialists of our countries. It became a powerful impulse for broad assimilation of cutting-edge technologies in power engineering and allied sectors. Essentially a new economy branch has been created in our country – nuclear energy industry”...

Lukashenko expects innovations to become key driving force of Belarusian, Russian economies
Aleksandr Lukashenko pointed out that it is impossible to develop an innovative economy in Belarus and Russia without an active stance of the regions: “The establishment of high-tech enterprises at the local level can become the most promising and sustainable points of economic growth”...

Chebotar: Economies of Belarus and Russia complement each other instead of competing with each other
The economy minister pointed out the serious intellectual potential of the two countries. Belarus is in the top ten countries in terms of training specialists in the field of science and technology, export of IT services, creation of mobile applications, and the number of ISO 9001 quality certificates...

EDB to finance projects worth $1.5bn in Belarus by 2026
“We provide non-sovereign lending. A number of projects [are being financed],” he said. For example, last year the organization started funding the Prilesie Logistic complex...

Belarus vice premier discusses joint projects with top managers of Chinese industrial companies
The negotiations focused on joint projects, which envisage manufacturing localization, the expansion of the product range, and the creation of the necessary parts and components at manufacturing sites in Belarus...

BUCE to facilitate trade between Mogilev Oblast, China’s Tianjin
As of 1 June 2024, 194 companies from China were accredited at BUCE, including two companies with the status of stock brokers. In January-May 2024, exchange trade between Belarus and China soared 3.9 times to reach $78.3 million...

Belarus interested in academic partnerships with China
The head of state emphasized that today such cooperation is taking on new significance, as Belarus and China are implementing cutting-edge projects in biotechnology, chemical and processing industries, in the production of unmanned aerial vehicles and electric vehicles...

Snopkov: Belarus, Russia Leningrad Oblast are well positioned to increase trade
"This is a large-scale task, it requires systemic approaches. We have reserves and an understanding of where to move, in what directions, in order to complement our economies and improve the quality of life of our citizens. We not only focus on the results. We look to the future," Nikolai Snopkov said...

Lukashenko examines samples of new military uniforms
The samples of the new uniforms were prepared by the Defense Ministry upon instructions of the head of state...

Belarus’ GDP up by 5.2% in January-May 2024
According to estimates, in January-May 2024 the GDP amounted to Br91.5 billion in current prices, up by 5.2% in comparable prices year-on-year...

PM comments on Belarus’ economy performance in January-May
"We fell a little short of the 4% growth target. In terms of physical volume exports surged by 8.7%," the prime minister reported...

Belarusian Amkodor to supply road-building equipment to Nicaragua
This step not only contributes to the modernization of Nicaragua's transport network but also creates the basis for closer economic cooperation between the two countries, the press service noted...

New Great Stone resident launches project in complex logistics
A new resident - Macrologistic - has been registered in the park. The company's investment project is related to the construction of a warehouse based on modern technological and design solutions...

Gomel Oblast discusses partnership prospects with China’s Hebei Province
The Chinese region is interested to cooperate in machine building, logistics, supply of raw materials of traditional Chinese medicine. There is a demand for the purchase of agricultural products from Gomel Oblast, chemical fertilizers, meat and dairy products...

Belarus' gross external debt down by $0.5b in Q1 2024
In relation to GDP, the external debt decreased from 51.4% as of 1 January 2024 to 51.1% as of 1 April 2024...

Belarus to negotiate wood pellet import quotas with China
The facilities that have been built in Belarus allow making 1 million tonnes of pellets per annum. 2021 saw 570,000 tonnes of pellets sold to Europe. However, selling pellets on the European market became impossible as of H2 2022...