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THE ESSENTIAL
No obstacles to investments in Belaru

There are no obstacles to attracting investments in Belarus, First Deputy Economy Minister Piotr Zhabko told reporters after a session of the Presidium of the Council of Ministers on August 19. The session chaired by Belarusian Prime Minister Sergei Sidorsky discussed the results of the investment activity in Belarus in H1 2008. According to Piotr Zhabko, there are no economic reasons in Belarus for failing to meet the investment target which is to increase investments up as against last year.

 

A WORKING TOUR TO THE MOGILEV OBLAST

Belarus to launch production of newsprint in 2008

From January 1, 2008 Belarus is launching the production of newsprint. Prime Minister of Belarus Sergei Sidorsky surveyed the progress in the construction at the Newsprint Plant in Shklov on October 30.

Almost 100% of the technological equipment has been installed at the plant; electronic control systems are being adjusted, the chairman of the Bellesbumprom concern, Vladimir Shulga, told reporters. In December this year, the plant is expected to manufacture its first products under a so-called short scheme. It means that a technology will be adjusted in the shortest possible time. The production of newsprint from thermomechanical mass will be launched in mid December. Thus, the construction of its treatment facilities and the thermomechanical mass works should be completed by December 1, 2007.

Vladimir Shulga noted that all other strategic issues have been settled. The construction and financing meet the schedule, Vladimir Shulga informed. A 60-apartment house for the workers of the plant has already been constructed. A canteen of the plant will be inaugurated in a week.

$30 million to be channeled into modernization of Spartak paper factory

About $30 million will be channeled into upgrade of Spartak paper factory, chairman of the Bellesbumprom concern Vladimir Shulga told reporters on October 30. Prime Minister of Belarus Sergei Sidorsky visited the factory on the same day.

According to Vladimir Shulga, the funds will consist of bank loans, the innovation fund of the Energy Ministry, own funds of the company. The factory plans to buy an up-to-date corrugator, a line producing corrugated boxes and a new papermaking machine with the production capacity of 50 tonnes of toilet paper a day. Due to the new equipment the quality and the output of corrugated board and toilet paper will be increased while the energy consumption will be reduced.

By the end of the year all the documents will be ready. The new equipment will be bought and mounted in 2008. In 2009, it will be put in operation.

Now Spartak produces about 2.5 million square meters of corrugated board, 1,900 tones of corrugated paper, 200 tonnes of toilet paper. The factory also produces wrapping and wallpaper. Over 40% of the output is exported to the CIS.

In two years Mogilev carriage works to produce 1,100 freight cars per year

Within the next two years Mogilev carriage works will increase its production capacities to produce up to 1,100 freight cars a year, Prime Minister of Belarus Sergei Sidorsky told reporters on October 30 after a visit to the company during his working trip to the Mogilev oblast.

The Prime Minister noted that Belarus has been setting up a new industry which has been gradually and purposefully developing. Now the company imports the vast part of components, but in the next two years it is set to produce 50%-60% of components. About $35 million will be invested in the upgrade of the company to raise its production capacities.

There is great demand for open wagons and freight cars transporting minerals in the market. In 2009, when the factory will be used to the maximum, the demand for freight cars in Belarus will be satisfied. Mogilev carriage works will also export part of the output, the Prime Minister said.

Mogilev carriage works was registered in March 2005 with 60% of shares belonging to BelAZ and 40% of shares - to Russian capital.

PUBLICATIONS OF THE COUNCIL OF MINISTERS
  Respublika Newspaper

Belorusskaya Niva/Belarusian Cornfield Newspaper

Economy of Belarus/Economika Belarusi Magazine

Zvyazda Newspaper
 
INTERNET RESOURCES
  President of the Republic of Belarus

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© 2005-2008 Staff of the Council of Ministers of the Republic of Belarus
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NEWS
Report of Government on the performance of the national economy in 2008, draft forecast for the social and economic development, national budget and main guidelines of the monetary and credit policy of Belarus in 2009

A man, his wellbeing, is the centrepiece of the entire state policy.

Belarus ready to host 2 thousand Ossetian kids for recuperation

Belarus will send humanitarian aid to the people of South Ossetia affected by the military conflict, Belarusian Prime Minister Sergei Sidorsky said at the meeting with his Russian counterpart Vladimir Putin on August 14.

 
Belarus to ship Br449.9m worth of humanitarian cargo to South Ossetia

Belarus will provide humanitarian aid to South Ossetia as part of the efforts meant to alleviate consequences of the humanitarian catastrophe. The decision is laid down by the Council of Ministers’ resolution No 1162 of August 13, 2008.

Belarus’ tax calculation and payment practices should meet European standards

Belarus’ practices used to calculate and pay taxes should meet European ones, said Prime Minister of Belarus Sergei Sidorsky at an out session dedicated to simplifying the national taxation system on August 7.

 
Gomselmash to launch production of combine harvesters Polesie GS14 in 2009

Gomselmash Company will start to produce combine harvesters Polesie GS14 in 2009, First Deputy Premier of Belarus Vladimir Semashko said.

Information about gengineered components in food now on price tags in Belarus

The Belarusian government has stepped up regulations for selling products, which contain genetically modified components, and has amended relevant retail trade regulations. Information about gengineered components in food will now be available on price tags. The decision is laid down by the Council of Ministers’ resolution No 1115 of August 4.

 
Belarus, Lithuania to sign inland navigation agreement

The transport ministries of Belarus and Lithuania are set to sign an agreement to develop inland navigation. This measure is spelled out in Resolution No 1114 of the Council of Ministers of August 2, 2008.

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