Business news

25 Jun 2021

Lukashenko: Attempts to destroy Eastern Orthodoxy in Belarus
"There was certain hemming and hawing in the Orthodox Church, however the Metropolitan and the Orthodox Church have coped with it by now. It was worth it, you should not lower your guard,” the president said. After these failed attempts to break the country, external forces turned to a powerful smear campaign and economic strangulation, the head of state said...

25 Jun 2021

China to extend Belarus $19.55m loan to reconstruct 220kV Stolbtsy substation
A loan of $19.55 million will be provided for nine years for the investment project "Reconstruction of substation 220kV Stolbtsy to increase the voltage to 330kV and the construction of high voltage line 330kV Stolbtsy - Baranovichi" (the third and fourth phases)...

25 Jun 2021

Belarus, Indonesia reaffirm mutual interest in stepping up bilateral contacts
The parties reaffirmed their mutual interest in intensifying bilateral contacts and discussed the steps to implement the planned activities at the intergovernmental and interdepartmental level, including the organization of the seventh session of the intergovernmental Belarusian-Indonesian joint commission on trade, economic and technological coperation...

24 Jun 2021

Belarusian Bobruiskagromash signs distribution agreement with Russian trading house
“The signing of the agreement testifies to the stability and seriousness of the bilateral relations. Bobruiskagromash is one of the few manufacturers that make a broad range of modern machines for effective farming,” Director General of OOO Bobruiskagromash Trading House Andrei Usik stressed...

24 Jun 2021

Belarus, Pakistan outline promising areas of cooperation
During the meeting, the parties discussed the preparations for the sixth meeting of the intergovernmental commission on trade and economic cooperation, exchanged views on the bilateral events held over the past seven months, including meetings of working groups and business councils, and visits by official and business delegations...

24 Jun 2021

Belarusian governors instructed to prepare big investment projects
The president recalled that the government and governors had been instructed to determine growth points for every district and oblast. “It means that every governor should prepare and ‘present’ a big investment project to the Belarusian people within five years,” the head of state said...

24 Jun 2021

Lukashenko sets goal to increase average salary to $700-800 by 2025
The president also deemed it necessary to increase the salaries of low-income workers whose income is usually below the average salary in the country...

24 Jun 2021

Lukashenko orders to stop expanding free economic zones
“Think about it and submit proposals on how to stop it. We do not have that many investors who will need soft terms. We can do this on a case-by-case basis,” Aleksandr Lukashenko said...

24 Jun 2021

Lukashenko pledges support to Kronospan in building furniture factory
“Choose a location, tell the governor, my aide if you want , they will tell me where you will build the factory. I am taking this matter under control, and we will help you in every possible way. You will buy equipment on your own, and you have enough raw materials,” Aleksandr Lukashenko said...

23 Jun 2021

$250-300m worth of Belarusian military products exported to Russia every year
According to the source, while Belarusian defense enterprises ship about $250-300 million worth of products to Russia every year, they do not participate in Russian defense contracts on quite equal terms. “However, a rather broad range of parts, components, and means of mobility are shipped to Russian defense enterprises. I hope the product range will grow larger,” Dmitry Pantus said...

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