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 The stability of the Belarusian economy lies with setting up export-oriented enterprises. The statement was made by Prime Minister of Belarus Sergei Sidorsky on November 21 as the second technological line for manufacturing mineral wool products based on basalt fibre was launched in Gomelstroimaterialy company. The more similar enterprises Belarus has, the faster and simpler it will be to overcome negative phenomena on the global market.
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ENERGY INDUSTRY INVESTORS PROMISED TAXATION PREFERENCES IN BELARUS
 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.
“Power engineering used to be a state monopoly in Belarus, but now we are glad to welcome any investment projects,” he added.
There are plans to put around $40 billion in investments into power engineering industry soon. The figure does not include the construction of the nuclear power plant, said the official.
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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 accordance with a resolution of the Council of Ministers, the Finance Ministry of Belarus is set to allot €30,000 from the national budget to the Foreign Ministry for the Embassy of Belarus in Cuba in order to provide humanitarian assistance to Cuba in view on a devastating hurricane, BelTA learnt from the Council of Ministers.
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 The Belarusian Investment Forum will hold in the
Church House Conference Centre of London on November 18. The work of the forum will be led by Belarusian Prime Minister Sergei Sidorsky.
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 Sergei Sidorsky, Lord Mayor of City of London discuss financial cooperation
Prime Minister of Belarus Sergei Sidorsky and Lord Mayor of the City of London Ian Luder discussed possible cooperation areas between Belarus and Great Britain in the financial area.
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 Belarus is mulling over a possibility of attracting foreign companies in the area of life insurance, Vice-Premier of Belarus Andrei Kobyakov told reporters in London on November 17.
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 Being a regional organization with a stable economic development, the CIS should play a prominent part in the formation of a new global financial architecture, Prime Minister of Belarus Sergei Sidorsky said at the session of the Council of the CIS Heads of Government (CIS CHG) on November 14.
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 The trade between Belarus and Latvia will exceed $2.1 billion in 2008, Belarusian Prime Minister Sergei Sidorsky said during the opening of Belarus EXPO 2008 National Exhibition in Riga on November 12.
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 Belarus suggests that the Saratov oblast join it in
introducing additional measures to support the economy during the global financial crisis, Prime Minister of Belarus Sergei Sidorsky said as he met with
Saratov oblast Governor Pavel Ipatov.
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 On November 1, 2008, Belarus reduces the crude oil export duty from $372.2 per tonne to $287.3 per tonne. The Council of Ministers issued relevant resolution No 1668.
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