Business news

9 Mar 2021

Belarus starts delivering oil products to Russian seaports
"On 5 March, more than 5,000 tonnes of Belarusian gasoline were shipped in several trains for transshipment at the terminal of Portenergo, the seaport of Ust-Luga. The first of these trains arrived in the Russian Federation at 9am on 6 March. It is expected to arrive at the Portenergo terminal on 9 March. Mozyr Refinery was the shipper"...

9 Mar 2021

BelNPP first unit reconnected to power grid
In accordance with the program of the pilot operation stage, system and equipment testing, as well as routine work will continue at the first unit. So far, 259 out of 394 planned tests have been successfully completed...

5 Mar 2021

Belarus eager to dismantle barriers in trade with China
In his words, China is a priority in terms of export and investments. Belarus’ export to China rose in 2020 despite the pandemic. The export of Belarusian foods demonstrated the highest growth...

5 Mar 2021

Belarus negotiating infrastructure financing with international organizations
“One of the sources of investment are funds of international financial organizations. Loan agreements worth more than €1 billion were concluded over the last four years alone. These are projects in road reconstruction, energy efficiency, solid waste management, just to name a few,” Yuri Chebotar said...

5 Mar 2021

Belarus plans to launch new mechanisms to improve investment climate
The first deputy minister noted that other changes also relate to reducing the financial burden during the implementation of an investment project, including in terms of income and property taxes...

5 Mar 2021

Vitebsk Carpets nearly doubles net profit in 2020
All in all, in 2020 the company produced about 20 million square meters of carpets, down by 8.7% over a year earlier. The company exports the bulk of its output, therefore it was hit hard by restrictive measures related to the COVID-19 infection...

5 Mar 2021

Call to protect Belarusian bike manufacturer in domestic market
Aleksandr Lukashenko noted that the domestic manufacturer holds about a third of the bike market in Belarus. In the coming years, this share should be increased to 50-60% and then more in the future...

5 Mar 2021

BUCE sells Belarus lumber worth $2.6m to China
In monetary terms, this is the largest batch of lumber sold through BUCE. The products will be delivered to customers in China...

5 Mar 2021

Belarus-Uzbekistan business council meet in Tashkent
The participants of the meeting discussed promising avenues of cooperation in trade and economy, and ways to make the most of business contacts of the two states. The participants from Belarus learned about Uzbekistan's projects in agriculture and food and the work of the Association of Electrical Engineering Enterprises of Uzbekistan...

4 Mar 2021

Belarus intends to increase supplies to Pakistan's Punjab Province
The head of the Belarusian diplomatic mission also held a series of meetings aimed at strengthening economic cooperation with the Pakistani province. He held talks with senior officials of the Lahore city administration and the city chamber of commerce, local companies, associations of industrialists, dairy processors, and Chughtai Labs, one of Pakistan's leading medical centers...

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