Business news

15 Apr 2021

Belarus approves Sputnik V vaccine bottled at Belmedpreparaty
The decision is based on the findings of a comprehensive expert assessment of the registration dossier materials by the Center for Examinations and Tests in Health Service and the National Research Center for Microbiology and Epidemiology...

15 Apr 2021

Prices for 55% of goods regulated in Belarus
"It is a temporary system meant to reduce the inflation spike caused by the introduction of the VAT, the growth of world prices for food and raw materials. It is delicate work because we have to ensure the financial stability of enterprises (manufacturers, retailers, importers), the availability of a broad range of goods on store shelves. We also have not to worsen the situation with payments for the goods being delivered"...

15 Apr 2021

Belarus’ gold, forex reserves expected to exceed $6bn by 2021 year-end
“Taking into account the fulfillment of external or internal obligations, gold and foreign exchange reserves stood at $6.9 billion as of 1 April. At the end of the year, taking into account projected receipts and payments, we expect the reserves to exceed $6 billion. This will be equal to two months of imports of goods and services,” Pavel Kallaur said...

15 Apr 2021

Belarus ready to help Azerbaijan with reconstruction of Karabakh region
Ruslan Parkhamovich said that Belarus attaches special importance to the development of bilateral trust-based ties with Azerbaijan. The minister emphasized that Belarus is ready to support Azerbaijan in its construction and restoration work in the Karabakh region. Belarusian designers and experts are ready to participate in Azerbaijan's urban development processes...

15 Apr 2021

Opinion: Belarus’ Gomel Oblast, Russia’s Bryansk Oblast need to strengthen industrial cooperation
“Undoubtedly, there are great prospects for the construction industry in both the regions, as evidenced by the composition of our delegation, which included the heads of the largest construction organizations of Gomel Oblast,” said the Gomel Oblast governor. He stressed that Gomel builders have already been actively constructing housing in Kaluga and Kursk regions...

14 Apr 2021

Uzbekistan’s delegation visits educational center of Belarus’ Emergencies Ministry
During the visit to the educational center, the delegation of Uzbekistan also got familiar with work of more than 30 interactive facilities that use modern information technology, digital environment, augmented and virtual reality, which helps students immerse in the environment that imitates emergency situations...

14 Apr 2021

Belneftekhim, SOCAR to expand cooperation
The memorandum provides for expansion of opportunities of the parties in the production and sale of oil and petroleum products. The main areas of cooperation are focused on improving interaction in the organization of Azerbaijani oil supplies to Belarus, and also the activation of the dialogue between producers and consumers of hydrocarbon resources...

14 Apr 2021

Belarus’ GDP growth estimated at 0.6-0.8% in Q1 2021
The data on the manufacturing industry has already been processed. The growth rate was over 9%. Positive dynamics was reported in tool engineering, mechanical engineering, and pharmaceutics...

14 Apr 2021

Belarus-China exchange trade at $7.5m in Q1 2021
Belarusian companies not only sell their products to China, but also buy Chinese goods via BUCE. The most popular exports to China are sawn timber, rapeseed oil, and milk powder. There are plans to launch sales of Belarusian sugar to China on BUCE. In turn, Belarusian companies import metal products from China...

14 Apr 2021

Belarus’ refinancing rate to go up to 8.5% on 21 April
"In late 2020, inflation processes accelerated, which was caused by the transfer to prices of the occurred weakening of the Belarusian ruble, as well as supply shocks in the markets of certain food products. At the start of 2021, inflation continued to accelerate under the influence of further increases in world prices for food products, as well as for imported non-food goods"...

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