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 On June 27, 2008 a regular meeting of the Council of Ministers of the Union State was held in Moscow. Belarus has been and remains the main area of the Russian foreign policy, Russian Prime Minister Vladimir Putin said at a meeting with Belarusian Premier Sergei Sidorsky. Vladimir Putin noted that Belarus and Russia continue working in all areas, above all, in trade and economic area, he said. Last year the Belarusian-Russian trade surged by 30% as against 2006. Over the four months this year it was up 60%. “Our efforts yield real results,” Vladimir Putin highlighted.
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ANALYSIS
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| In 2007 Belarus implemented 166 projects in line with the state innovation development programme of the Republic of Belarus for 2007-2010. |
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| In January-February 2007 Belarus reported robust economic performance in production and investment spheres having met 13 out of 19 socio-economic targets for the year, told of the economy ministry. |
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| In January-February 2007, the gross domestic product of Belarus made up Br12,5 trillion, or 9% up in comparable prices from the same period last year, has been informed in the ministry of statistics and analysis. |
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| In January-February 2007, capital and construction investments in Belarus amounted to Br2,537 trillion, having increased in comparable prices by 33.7%,as against same time last year, learnt in the Ministry of statistics and analysis. |
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| According to the ministry of statistics and analysis of Belarus, the capital and construction investments in Belarus totaled Br19,2 trillion in 2006, which is 31.4% more than in 2005 in comparable prices. |
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| According to the Belarusian ministry of statistics and analysis, in 2006, GDP in Belarus made up Br79,2 trillion, or 9.9% up as against 2005. |
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| According to the ministry of statistics and analysis in January-November 2006, Belarus’ gross domestic product totalled Br70.7 trillion in current prices, 9.9 per cent more than a year before in comparable prices. The data take into account the changed methodology used to calculate the index of industrial volume of production. |
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| In November 2006 Belarus consumer price index of goods and services totalled 101.8 per cent as against October 2006. According to the ministry of statistics and analysis, in November the prices grew by 5.7 per cent in comparison with December 2005.
In line with the 2006 national major monetary management guidelines the annual inflation is supposed to make 7-9 per cent. |
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| Positive manufacturing and investment trends in key branches of the Belarusian economy continued in January-October 2006. |
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| In October this year the Consumer Price Index made in Belarus 103.8 per cent against December 2005. Prices grew in September by 0.7 per cent compared to October. |
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© 2005-2008 Staff of the Council of Ministers of the Republic of Belarus
No part of this information may be reproduced in any form without reference
Information support from the Republican Unitary Enterprise Belarusian News Agency
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 In Q1 2008, Belarus attracted $21.1 billion of foreign investments, 1.7 times up over the same period of 2007, First Deputy Prime Minister of Belarus Vladimir Semashko stated at a joint session of the two chambers of the Belarusian parliament on June 27.
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 Belarus will open a trade representation in the Samara region of the Russian Federation in the near future, Belarusian Prime Minister Sergei Sidorsky noted during his meeting with Governor of the Samara Region, Chairman of the Samara Government Vladimir Artyakov on June 25.
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 Inflation in Belarus is under control, Prime Minister of Belarus Sergei Sidorsky said at a session of the Council of Ministers on June 24.
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 The information that Belarus sells dried milk at antidumping prices in Russia is not true, Prime Minister of Belarus Sergei Sidorsky said at a meeting with State Secretary of the Union State Pavel Borodin.
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 Belarusian-Chinese scientific and technical cooperation contributes to improving the competitive ability of both the countries, First Vice Premier of Belarus Vladimir Semashko said in Minsk on June 24 at the opening of an exhibition timed to China Science Days in Belarus.
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 Belarus and Russia should gradually lift transport restrictions, Prime Minister of Belarus Sergei Sidorsky said as he met with Russia’s Transport Minister Igor Levitin in Minsk on June 23.
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 Uzbekistan offers Belarus to set up joint ventures in farm engineering, cattle breeding and pharmaceutics, Nodirkhon Khanov, Deputy Prime Minister of the Republic of Uzbekistan - head of the construction sector, industry, construction material, housing and municipal services and transport, said at a session of the joint Belarus-Uzbek commission for bilateral cooperation.
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 The economic relations of Belarus and Uzbekistan have great potential for further development, First Deputy Prime Minister of Belarus Vladimir Semashko noted during his meeting with Naddirkhon Khanon, the Deputy Prime Minister of Uzbekistan in Minsk on June 19.
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 In 2009-2010 the services sector of Belarus should grow 20% on average, First Deputy Prime Minister of Belarus Vladimir Semashko said at a session of the Council of Ministers Presidium focusing on the services sector development programme 2006-2010.
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