Business news

11 Jan 2023

Belarusian Amkodor’s export over 80% up in 2022
The year 2022 was successful for the holding company Amkodor thanks to steady implementation of innovations. The growth strategy the company adopted in 2021 matches the current market situation and development trends on the market of mechanical engineering products. In particular, the merchandise export growth rate totaled 182.4%...

10 Jan 2023

Belarusian tire maker Belshina worked well in 2022 despite sanctions
Due to changes on the global market the main task Belshina had to accomplish was to redistribute the sale volumes onto traditional markets of Belarus and Russia. Their shares in Belshina’s total sales in monetary terms amounted to 49.8% and 44.5%...

6 Jan 2023

Belarus' gold, forex reserves 1.6% up to $7.929bn in December 2022
The country's gold and foreign currency reserves went up by $131.8 million (1.6% up) in December after rising by $207.9 million (2.7% up) in November...

5 Jan 2023

Belarus' freight shipments to China by rail growing fast
The Western policy of sanctions has had an effect on freight transit by rail because massive shipments of Russian cargoes to Europe via Belarus stopped. For instance, shipments of Russian coal...

5 Jan 2023

Diversification of Belarusian freight shipments via sea ports explained
According to Aleksei Avramenko, in 2022 Belarus and Russia signed two basic agreements on transshipping oil products and foreign trade cargoes. Those are primarily potash fertilizers, nitrogen fertilizers, metallurgy products, and woodworking goods...

5 Jan 2023

Belarus to bypass USA, EU traders to directly sell fertilizers to Africa, Latin America
Belarusian potash fertilizers remain in demand on the world market despite the pressure of Western sanctions. Because the food security of the countries that buy Belarusian fertilizers depends on it...

5 Jan 2023

What future awaits Belarusian IT industry? Lukashenko’s latest statements about Hi-Tech Park
The Belarusian Hi-Tech Park has become the leading IT cluster in the region. Export of computer services per capita amounted to $320 in 2021...

5 Jan 2023

Lukashenko wants construction of Belarusian ports in Russia expedited
According to the president, Belarus now has a good chance of building its own port infrastructure...

5 Jan 2023

Belarus’ Development Bank finances 1,250 SME projects worth over Br357m in 2022
In 2022 the most popular products included loans granted for import substitution and export promotion purposes...

4 Jan 2023

Belarus to open online shops on seven Chinese marketplaces
Belarus’ national pavilion is an online shopping project meant to promote Belarusian goods among Chinese consumers...

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