Business news

26 Aug 2020

Batch of Belarusian timber worth $1.6m sold to China
The volume of sales during the first trade sessions to sell timber and deliver it to China was small. However, Chinese companies have been more active since June. In turn, Belarusian companies see the rising demand for sawn timber and start offering larger batches for sale...

26 Aug 2020

Belarusian Bellegprom’s garment, knitwear companies report foreign trade surplus in H1 2020
"In H1 2020, export of enterprises of the knitwear industry reached $50.3 million, the garment industry – $21.5 million. As a result, these enterprises reported a surplus: $6.9 million in the garment industry and $22.7 million in the knitwear industry"...

26 Aug 2020

Over 80 companies with Belarusian capital operating in Uzbekistan
Mechanical engineering has become one of the priority areas of cooperation with Uzbekistan. Belarusian flagship companies such as MTZ, MAZ, Amkodor are running joint projects with their Uzbek partners in Tashkent and other regions of Uzbekistan...

25 Aug 2020

BelAZ opens major tech support center in Russia’s Kemerovo Oblast
Piotr Parkhomchik said that the technical support center had gathered all the competences in the area of technical support, maintenance, and repairs of BelAZ mining vehicles, which will be realized in line with documents and blueprints developed by the Belarusian company. It will guarantee exceedingly high quality of all kinds of repairs...

25 Aug 2020

FEZ Gomel-Raton raises over $55m in foreign investment in H1 2020
"Foreign direct investment on a net basis amounted to $25.2 million. Capital investment from the FEZ resident companies came at over Br110 million (115.5% as against H1 2019)"...

25 Aug 2020

Surplus of Belarus’ foreign trade in H1 2020 secured
According to Roman Golovchenko, in H1 2020 the surplus amounted to $757 million, $488 million up from last year. It is a good figure for the balance of payments and for macroeconomic balance. Trade in services still plays a crucial role in achieving the foreign trade surplus...

25 Aug 2020

Furniture export by Belarusian Ivatsevichdrev 16% up in January-July
The Ivatsevichdrev furniture is primarily shipped to Poland and Russia. Export to Latvia and Kazakhstan has increased considerably. The company has started exploring the French market as well...

25 Aug 2020

Gomselmash launches harvester supplies to Armenia
Anania Soghomonyan said that the combine harvester meets the best analogues of world producers in its class. In Armenia, many agrarians consider it more appropriate to use Belarusian agricultural equipment...

24 Aug 2020

Belarusian companies eye market of Russia’s Krasnoyarsk Krai
The parties gave presentations, held online talks, and discussed mutually beneficial cooperation in such areas as container transportation by rail, export of Belarusian food products to Krasnoyarsk Krai, design, construction, and maintenance of individual heating substations, and construction of iron removal stations...

24 Aug 2020

Belarusian steel mill BMZ eager to make more metal cord, wire in August
BMZ’s wire manufacturing divisions, in particular, the production of metal cord and bronzed bead wire, were hit hard by consequences of the coronavirus pandemic’s impact on the global economy. The demand for these products plummeted after major European tire manufacturers suspended their operations...

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