Business news

6 Oct 2020

Lukashenko urges to develop wood production
He remarked that Belarusian enterprises have already learned to make the so-called semi-finished products – pulp and paper. “Let’s make, for example, cardboard to substitute imported cardboard from Poland, Germany. Let’s make it here instead of exporting pulp and buying finished cardboard,” the president stressed...

6 Oct 2020

Belarus to buy IFC shares worth nearly $11.4m
The document reads that the Belarusian government agrees on the proposal of the Finance Ministry regarding additional subscription to 11,392 shares of the International Finance Corporation worth $1,000 each to the total of $11.392 million...

5 Oct 2020

Belarusian Potash Company ships potash to China via Northern Sea Route
The delivery time was reduced by 1.5 times in comparison with traditional routes. Charter costs were reduced considerably as well...

5 Oct 2020

BelAZ to ship four more haul trucks to Russian gold mining company
Susumanzoloto Director General Aleksandr Chugunov noted that the new trucks demonstrate good performance in extremely low air temperatures. OOO Sever operates close to the northern hemisphere’s pole of cold. Susumanzoloto is convinced that the new trucks of the BelAZ-7555 series will increase labor productivity and reduce the cost of gold mining...

5 Oct 2020

Belarus’ Customs encourages private companies to more actively use domestic logistics hubs
Yuri Senko said that a lot of things can be done in Belarus. In particular, he mentioned the services that Belarusian private companies are accustomed to buying in Lithuania and Poland. Transport and logistics hubs are available in Belarus. They can provide various services relating to merchandise storage, fulfillment, labelling, and sorting...

5 Oct 2020

Belarusian nuclear power plant gets seventh link to power grid
The 250km-long power line will enable electricity transmission from the Belarusian nuclear power plant to the western part of the country’s power grid in the future. It is the longest 330kV power line in Belarus’ power grid...

2 Oct 2020

Tax relief, preferences to Belarusian economy amid pandemic estimated at over Br34m
“Large-scale work has been launched to support the organizations that have been affected by crisis phenomena in the world economy. Tax reliefs and preferences have been granted to about 47,000 commercial entities and self-employed businessmen"...

1 Oct 2020

Belarusian Ruzspedition to double container transportation to China
The top exports included consumer goods, food industry products, woodworking industry products, and agricultural goods. The minimal delivery time is 14 days. The company also intends to introduce a new service of freight delivery by rail...

1 Oct 2020

Belarus’ coronavirus strategy hailed as effective
He noted that by the nature of his activities he meets with representatives of many countries. Recently, for example, he visited Serbia, met with the head of state. According to him, the country is struggling to restore the economy after months of downtime due to coronavirus...

1 Oct 2020

Prospects for Belarus-Turkmenistan cooperation emphasized
Vladimir Ulakhovich suggested holding a series of industry-specific online meetings and seminars, where representatives of business of Belarus and Turkmenistan will be able to study in detail the possibilities of mutually beneficial cooperation...

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