Business news

Call to radically change framework of interaction between science and industry in Belarus
"We need to tap into the potential that we have now," Roman Golovchenko said...

Putin praises Belarusian equipment for machine tools
This matter was discussed during Vladimir Putin’s meeting with Head of the Republic of Bashkortostan Radiy Khabirov. The head of the region mentioned that they have plans to create a machine tool cluster in the republic. Some arrangements have already been made and design work is getting started...

Belarusian manufacturers urged to work harder in Russian market
Despite the fact that more than 90% of the output goes to the Russian market, Belarusian manufacturers are losing ground there in terms of traditional goods, which have always been in demand for their quality and reliability...

Strategic task set for Belarusian manufacturing sector
The head of state noted that food security is one of the most vital issues for Africa. Therefore, agricultural machines and equipment are especially in demand there...

Belarus’ manufacturers urged to tap into markets of Africa, Latin America, Asia
In 2023, the industry reached record-high exports of $6.5 billion over the past decade. The increase to the level of 2022 made almost $500 million, or about 8%...

Belarusian manufacturers urged to look beyond the horizon
According to him, the production of electronics, cars, trucks, and harvesters expanded significantly...

Kuwait shows interest in Belarus’ agricultural practices
"In this regard, the Belarusian ambassador invited Kuwait to participate in the country’s agricultural exhibition Belagro, scheduled for 4-9 June 2024,” representatives of the diplomatic mission said...

Timber exports via Belarusian commodity exchange up 8 times
In January-March 2024, 748,000 cubic meters of sawn timber worth $122 million were sold at the BUCE export trades...

Vice premier: Belarus priorizes import substitution and localization
"We have not failed, as our enemies expected, quite the opposite, we have tapped into our reserves and focused on creating new models of equipment. Technical characteristics of this equipment are not inferior to those of similar foreign products"...

BUCE expects growth in supplies of metal products from Russia’s Chelyabinsk
Non-ferrous metals and their products are among the most demanded commodity positions on the exchange platform. In Q1 2024, 1,500 tonnes of non-ferrous rolled metal products worth Br33.2 million were sold on the exchange platform for the domestic market...

Belarus’ gold, forex reserves at $8.353bn on 1 April 2024
According to the main monetary management guidelines for the year 2024, Belarus’ international reserve assets are projected to be at least $6 billion at the end of 2024...

Belarus, Botswana consider ways to develop economic relations
The parties agreed to take steps to develop an institutional framework for strengthening Belarusian-Botswana trade and investment cooperation in agriculture, industry, and high technologies...

Belarus’ Development Bank plans to sign contracts with Nicaragua worth over $40m in 2024
Sergei Stolyarchuk gave a specific example of how the Development Bank facilitates Belarus’ exports...

Lukashenko: Belarus’ banking sector needs to be streamlined
The head of state was interested in the bank's activities and whether there was any duplication of functions with local authorities, ministries and departments in selecting projects for financing...

Bellesbumprom urged to tap into internal reserves, not count on restructuring
The new head of the Belarusian timber, woodworking, pulp and paper industry concern Bellesbumprom will need to tap into the industry’s internal reserves instead of counting on restructuring, Belarusian President Aleksandr Lukashenko said on 4 April as he greenlighted the appointment of Aleksandr Pshenny as chairman of Bellesbumprom Concern...

Planting in Belarus to be completed by 9 May
Currently, the amount of mineral fertilizers accumulated is the same as last year, but by the end of May their amount will increase to 115%...

Belarusian Amkodor discusses cooperation prospects with Russia’s Orel Oblast
The Russian representatives were given a tour of Amkodor’s permanent exhibition to get familiar with the machinery lineup. The negotiations focused on the prospects of mutually beneficial cooperation between the Belarusian company and Russia’s Orel Oblast...

Belarus, China discuss freight rail transportation
Close attention was paid to the ongoing work aimed at creating the necessary conditions for further implementation of projects to deliver products of Belarusian enterprises via overland routes to China and increasing the capacity of railway infrastructure on the route of container trains...

Gomselmash ready to ship more combine harvesters to Russia’s Orel Oblast
Gomselmash Director General Aleksandr Novikov assured that the company is ready to lend a helping hand to farmers of Orel Oblast and meet their needs for high-performance machinery...

Belarus-Russia exchange trade up 3.8 times in Q1
According to BUCE, at present 3,756 Russian companies, including six brokers, are accredited at BUCE. Thus, since the beginning of the year, 146 new bidders from Russia have joined BUCE...