Business news

1 Feb 2021

U.S. company mulling over pharmaceutical project in Belarus’ industrial park
"The parties discussed the business environment in the industrial park, benefits and advantages to its resident companies, and its development plans. Possible avenues of cooperation were also on the agenda of the negotiations. The company expressed its intent to establish a pharmaceutical factory in the Great Stone industrial park to produce a wide range of medicines"...

1 Feb 2021

Another 12 Belarusian companies access Chinese market in 2020
“So far, 105 Belarusian companies have been accredited on the Chinese market. In 2020, another 12 enterprises were give a green light to export to the Chinese market. Against the backdrop of the general economic slowdown globally, Belarus and China kept their economic relations dynamic and even posted a surplus,” Ambassador Yuri Senko noted...

29 Jan 2021

Belarus’ Great Stone park, Cuba’s special development zone sign memorandum of understanding
The parties are set to develop cooperation in attracting investment, strengthen relations between the business communities of Belarus and Cuba, and provide mutual information support...

29 Jan 2021

Belarusian Potash Company to supply 800,000t of potash fertilizers to India at $247 per tonne
"Belarusian Potash Company and IPL understand the importance of such a contract for both the Indian and international potash markets. This is why they reached the agreement that will contribute to the stability of the global potash market and potentially higher prices in the future"...

29 Jan 2021

Belarus to raise tariff on transit of Russian oil by over 6% as from 1 February
In August 2020, Gomeltransneft Druzhba proposed an unscheduled revision of the tariff, but the Russian party did not support that idea. After that, the Belarusian company suggested raising the tariff on oil transit by 24.5% in 2021 to compensate for its losses in 2020...

29 Jan 2021

Lukashenko shown educational innovations at BSU
The head of state was briefed on the state and development prospects of the university. BSU Rector Andrei Korol said that the university is represented in 12 global and seven subject world rankings, including the Big Three QS-317, THE-1001+ and the Shanghai Physics subject ranking - 201-300. BSU's digital library has the status of Europe’s top and world’s third in the Transparent Ranking of Repositories...

28 Jan 2021

Belarusian steel mill BMZ increases export to 13 European Union countries
Shipments to Spain, Slovenia and France doubled or more. Deliveries to Austria, Ireland, Romania, Poland and Finland went up by more than 30%...

28 Jan 2021

Belarus to increase oil export duties on 1 February
In line with the document the size of the export duty on crude oil, furnace oil, oil bitumen, and used oil products will be $43.8 per tonne ($38.7 previously)...

28 Jan 2021

Belarus sets up national pavilion at Expo 2020 in Dubai
The next stage of the construction includes designing the sections of the pavilion, arranging exhibits, and installing equipment and other elements...

27 Jan 2021

Belarus, Brazil discuss cooperation in geological exploration, ore mining
The participants of the conference discussed interregional reactions and prospects for cooperation between Belarus and Brazil in geological exploration and the ore mining industry...

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