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 In Belarus energy industry investors will be offered taxation preferences, First Vice Premier of Belarus Vladimir Semashko said at the IV international investment forum in Mogilev on October 9. In his words, the government has prepared two new energy industry bills meant to encourage investments into the industry. They grant taxation preferences for up to 7 years. Investors are expected to recoup their money within five years and use the remaining two years to develop their companies, said Vladimir Semashko.
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BELARUS IMPLEMENTS 166 OBJECTS IN LINE WITH STATE INNOVATION DEVELOPMENT PROGRAMME IN 2007
In 2007 Belarus implemented 166 projects in line with the state innovation development programme of the Republic of Belarus for 2007-2010.
The Government noted that in 2006 the country constructed 24 objects of the first level, 57 objects of the second level and 91 objects of the third level.
According to the plans in 2007 Belarus was going to construct 178 objects including 24 objects of the first level, 57 objects of the second level and 97 objects of the third level.
On the whole the programme for 2007-2010 aims to implement 1302 projects in compliance with the three levels. The first level includes 173 projects on new manufactures. The second level embraces 274 projects on the organization of new manufactures in the functioning companies. The third level envisages modernization of the active manufacturers by introducing advance technologies (855 projects). Among them 397 projects on modernization of the functioning manufactures by introducing advance (new and high) technologies and development of 458 new technologies in line with state sci-tech programmes.
Some 551 projects are set introduce domestic technologies and 293 –foreign technologies. The total financing of the projects will take Br15.8 trillion.
Among the largest projects fulfilled in 2006 are the production of automatic washing machines at the Atlant company, seamless hot-rolled pipes at BMZ, tractors Belarus-921 at the Smorgon Aggregate Plant, tin-plate glazing and lithography at the Berezatara company, the construction of a hydroelectric power station at the river Schara, the construction of the hog-breeding farm for 250 sows at the Zadneprovsky company of the Orsha region.
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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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 On October 7, Deputy Prime Minister of Belarus Andrei Kobyakov and First Deputy Chairman of Government of the Russian Federation Igor Shuvalov met in the Brest oblast to discuss the issues of further development of the trade and economic relations between Belarus and Russia.
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 In the near future Belarus and Ukraine intend to set up joint ventures in the engineering industry, First Deputy Prime Minister of Belarus Vladimir Semashko told reporters after the 15th session of the Belarus-Ukraine Intergovernmental Commission for Trade and Economic Cooperation in Kiev on October 7.
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 Belarus and Russia should coordinate their efforts in the economic area in the conditions of the global financial crisis, Prime Minister of Belarus Sergei Sidorsky said as he met with Russian Premier Vladimir Putin in the run-up to the session of the Union State Council of Ministers.
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 In 2008, the trade between Belarus and Ukraine will exceed $5 billion, First Deputy Prime Minister of Belarus Vladimir Semashko said. The First Vice Premier is the head of the Belarusian delegation at the 15th session of the Intergovernmental Belarusian-Ukrainian Commission for Trade and Economic Cooperation which is being held in Kiev on October 6-7.
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 Belarus is ready to carry out big projects with the participation of the European Bank for Reconstruction and Development (EBRD), Belarusian Prime Minister Sergei Sidorsky noted during his meeting with Varel Freeman, the EBRD First Vice President.
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 Many major projects in Belarus are implemented with the participation of Austrian capital and technologies, Deputy Prime Minister of Belarus Andrei Kobyakov said as he met with Johann Zaks, Director General for Foreign Trade Issues of the Federal Ministry of Economics and Labour of Austria, co-chairman of the Belarusian-Austrian committee on trade and economic cooperation in Minsk on October 2.
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 Enterprises producing biofuel will be set up in all the regions of Belarus, Belarusian Prime Minister Sergei Sidorsky told reporters.
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 On October 1, 2008, Belarus will down the crude oil export duty from $495.9 to $372.2 per tonne. The Council of Ministers issued relevant resolution No 1426 of September 27.
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 A multifunctional trade and logistics centre as well as administration and business and expo centres of the Republic of Belarus will open in Kazakhstan. Their opening was discussed at the fifth session of the Belarusian-Kazakh trade and economic cooperation commission in Astana. The Belarusian delegation was led by Deputy Prime Minister Ivan Bambiza, the Kazakh delegation — Emergencies Minister Vladimir Bozhko, the press service of the Foreign Ministry told BelTA.
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