Business news

Ambassador sketches prospects for industrial cooperation between Belarus, South Africa
"As for South Africa, we will not limit ourselves to the supply of our products. We will work on cooperation in the manufacturing sector: the assembly of our agricultural machines in the first place"...

Manufacturing sector remains key driver of economic growth in Belarus in January-October
According to Andrei Kartun, the manufacturing sector remains the key driver of growth: it contributed more than 60% to GDP growth...

Private investments into Great Stone industrial park 8 times bigger than budget spending on it
This year 23 new companies with a declared investment of $117 million have been registered with the industrial park. The total number of resident companies has reached 118 with plans to invest more than $1.4 billion and create 14,000 new jobs...

Ambassador: Solid demand for Belarusian foodstuffs in Africa
“I think Belarusian milk and meat products have very good sales prospects here. I would like to see more Belarusian foodstuffs, such as confectionery, bakery products, various fat and oil products on this market. I think everything is in place to successfully promote these products in Africa,” said Sergei Terentyev...

Ambassador names promising avenues of cooperation between Equatorial Guinea, Belarus
“We are interested in the technologies that Belarus has. I think we need to develop agriculture, fishing, tourism. Since Belarus has extensive experience in this, we turned to you to help us in these areas,” Luciano Ncogo Ndong Ayecaba said...

About 80% of Belarus’ exports sold in Eurasian region
Svetlana Kondratenko said: “In 2022 our country reached a record-high volume of food export - $8.3 billion, 24% up from 2021. Over 80% of Belarusian products are shipped to the Eurasian region"...

Lukashenko: Belarus should have the world’s best diamond processing, jewelry industry
The Kristall holding company also includes a network of Beluvelirtorg stores; there are more than 70 of them across the country. The president believes that the network should be expanded...

Main takeaways from Lukashenko's visit to Kristall jewelery plant in Gomel
A new line of business for Kristall is the production of gold bars for the Finance Ministry...

Belarus’ vegetable harvest at 183,000 tonnes
Belarus harvested a total of 183,400 tonnes of vegetables from 5,770 hectares. The yield is 317.9 centners per hectare. Some 9,278,200 tonnes of grass was cropped, which is 96% of the target...

Belarus’ FEZs register 22 new residents in January-September 2023
New projects are implemented in logistics, mechanical engineering, food and chemical industry, furniture and electrical equipment production, metalworking...

Snopkov, Chinese ambassador discuss construction of football stadium, swimming pool in Minsk
Construction began in August 2020. Linear schedules of construction and prospects for the year 2024 were discussed during the visit. The facilities are scheduled to commission in Q3 2024...

Belarus to supply farm machines, seeds, food to Equatorial Guinea
In addition, the two countries will establish cooperation in the fishing industry (supplies from Belarus and fish processing). Belarus’ agricultural universities will train Equatorial Guinea specialists in such fields as mechanization, processing and fisheries...

Lukashenko okays draft Belarus-China agreement on trade in services, on making investments
Setting up a zone of free trade in services between Belarus and China in addition to enabling a transparent, liberal, and favorable investment regime for raising investments is the idea...

Belarus to launch ice cream production in China
Slutsk producers have been maintaining economic ties with China for at least five years already. China accounts for 11% of the plant’s total exports, and the Chinese market ranks second after Russia...

Drones, engineering goods in focus of cooperation between Belarus, Russia’s Tomsk Oblast
The ambassador and the governor evaluated the prospects for cooperation in agriculture and forestry, noted the demand for relevant engineering goods in the wake of withdrawal of Western companies...

Commodity exchanges of Belarus, Egypt agree to cooperate
The parties discussed the development of cooperation between BUCE and Egyptian Mercantile Exchange (EMX) to improve electronic trading technologies, exchange of analytical data, organize trade in new commodity positions and provide favorable conditions for effective trade interaction between economic entities of Belarus and Egypt...

Belarus seeks to increase exports to distant countries in 2024
According to Yulia Zubar, head of the foreign trade forecasting department at the Economy Ministry, the planning documents for 2024 provide for a 7.6% increase in exports of goods and services or $3.8 billion...

Over 4.9m tonnes of sugar beet harvested in Belarus
Belarus harvested a total of 182,200 tonnes of vegetables from 5,740 hectares. The yield was 317.4 centners per hectare...

Belarus, Russia’s Yakutia explore possibilities to launch joint projects
The parties expressed their interest in expanding business partnerships and implementing joint projects...

Belarusian Industry Ministry discusses cooperation with Equatorial Guinea
Among other promising cooperation avenues he mentioned the construction of facilities for drying and storing grain, sales of various automobiles, road construction machines, Belarusian haul trucks as well as diesel generators and compressor stations, industrial diesel engines...