Business news

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...

BUCE to promote exchange trade in EAEU
As part of the business program of the conference, the BUCE delegation held negotiations on cooperation with representatives of a number of production and trade organizations from Irkutsk, Kemerovo, and Novosibirsk regions...

Ambassador: Minsk maintains very intensive contacts with Russian regions
"In the first four months, the overall trade between Belarus and Russia went up by seven percentage points, while the trade between Minsk and Russian regions grew more significantly. Minsk accounts for 82% of Belarus’ trade with Russia; while Russia accounts for 62% of Belarus’ foreign trade. Thus, Minsk is ahead of other Belarusian regions in terms of trade with Russia"...

Steps to boost cooperation between Belarus, Serbia discussed in Minsk
The Serbian ambassador to Belarus, in turn, shared plans to expand the business agenda between the two countries...

Cuba set to foster cooperation with Belarus in industry, food production
Current times require other approaches in work, including interaction between business circles, the deputy prime minister said...

Belarus government programs net over $33bn in export earnings over three years
Government programs represent the most important tool for reaching goals, accomplishing tasks, and securing priorities of Belarus’ social and economic development, Yuri Chebotar noted...

PM: Almost Br400bn allocated for state programs in Belarus in 2021-2023
"We are implementing 29 state programs in the current five-year plan"...

Belarus, Cuba to expand ties in healthcare
Belarusian Deputy Minister of Foreign Affairs Evgeny Shestakov made the statement after the 11th session of the Belarus-Cuba commission on trade and economic cooperation...

Russia, Tajikistan, Uzbekistan among most active users of BUCE’s B2B platform
According to BUCE, in January-May 2024 the turnover of the industrial and consumer goods platform reached Br445.2 million, which is 1.7 times more than in the same period last year...