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THE ESSENTIAL
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.

 

MEETING OF THE COUNCIL OF MINISTERS OF THE UNION STATE

Sergei Sidorsky: 2007 – fruitful for Union Sate integration

During a session of the Union State Council of Ministers in Moscow Prime Minister of Belarus Sergei Sidorsky characterized the outgoing year as fruitful for the Union State integration.

“In 2007 we managed to maintain and promote the positive dynamics of the Union State integration, he said. We managed to solve several issues, settle most part of the problems in bilateral trade.”

According to Sergei Sidorsky, the official visit of Russian President Vladimir Putin to Belarus and the session of the Union State Supreme State Council confirmed the strategic nature of the integration between the two countries.

The Belarusian Premier stressed that Belarus and Russia have been actively developing interregional cooperation, what, in many things, contributed to the record high bilateral trade of $23-24 billion.

According to Sergei Sidorsky, there is progress in ensuring equal rights of citizens of Belarus and Russia. The agreements on cooperation in social security, taxation have come into force. He expressed hope that in the near future Russia will complete necessary procedures with regard to the agreements on medial aid and ensuring equal rights for freedom of movement.

Belarus-Russia cooperation within framework of Union State is concrete, Sergei Sidorsky says

The cooperation between Belarus and Russia within the framework of the Union State is concrete, Belarusian Premier Sergei Sidorsky said when meeting with Prime Minister of Russia Viktor Zubkov in Moscow on December 26.

Sergei Sidorsky noted that more than 40 joint programmes will be financed from the 2008 Union State budget.

According to the Belarusian Premier, the bilateral trade which is expected to hit $24 billion this year is an important indicator of the bilateral relationship.

On December 26, a session of the Council of Ministers of the Union State is expected to focus on the issues which will become the basis for the cooperation of Belarus and Russia in 2008, Sergei Sidorsky highlighted. The fuel and energy balance, trade and economic relations, customs, transport industry will be high on the agenda of the session.

Russia to transfer loan issued to Belarus on December 26, Viktor Zubkov says

Russia will transfer the loan issued to Belarus on December 26, Russian Premier Viktor Zubkov told Prime Minister of Belarus Sergei Sidorsky during their meeting before the session of the Council of Ministers of the Union State which will open in Moscow on December 26.

According to Viktor Zubkov, the decision to issue a $1.5 billion loan to Belarus is a sound evidence of the intention to implement all the provisions of the memorandum signed by the presidents of Belarus and Russia during a recent meeting in Minsk. The Russian side has started to implement the agreements reached by the presidents of the two countries without delay.

According to Viktor Zubkov, the official visit of Vladimir Putin to Minsk was of great importance for developing the Belarusian-Russian relations.

Viktor Zubkov urges more efforts to develop Union State single economic area

“We need to intensify the activity to create the single economic space and customs union,” Prime Minister of Russia Viktor Zubkov said when opening a session of the Union State Council of Ministers in Moscow on December 27.

Viktor Zubkov also urged that all obstacles in trade and cooperation should be removed.

According to the Prime Minister of Russia, the session will focus on concrete issues of cooperation. The sides will consider the projected supply and demand in terms of most important products and the Union State fuel and energy consumption mix for 2008. The session will also discuss the course of preparation of intergovernmental agreements on international road communication, rules and principles of granting industrial subsidies and subsidising the agricultural industry. The new draft Union State programmes and other issues will be also on the agenda.

Russian Premier: US economic pressure on Belarus inadmissible

Russia believes the US economic pressure on Belarus to be inadmissible, Prime Minister of Russia Viktor Zubkov said in Moscow on December 26 after a session of the Council of Ministers of the Union State.

He stressed, Russia believes that the enforcement of any economic sanctions by the USA administration against Belarus is politically motivated. “We believe the pressure on Belarus is inadmissible and we back up the republic in this issue,” said Viktor Zubkov.

Prime Minister of Belarus Sergei Sidorsky told media, the situation connected with the US sanctions against Belarus had been discussed during the session of the Union Cabinet. “We believe the measures taken by the USA are discriminatory and violate the international law,” underscored Sergei Sidorsky.

Union State Council of Ministers approves fuel and energy budget for 2008

The December 26 session of the Council of Ministers of the Belarus-Russia Union State approved the Union State’s fuel and energy budget for 2008 and budgeted balance sheets of the demand and supply of the most important types of products, Prime Minister of Belarus Sergei Sidorsky told mass media.

According to him, the session considered 16 various issues and took positive decisions on all of them.

In particular, at present the Union State has been implementing about 40 programmes and sub-programmes. The Union State Council of Ministers took a decision to start carrying out two more programmes in the high-tech sphere.

In turn, Prime Minister of the Russian Federation Viktor Zubkov underlined that in 2007 Belarus and Russia produced a record high economic outcome. The trade turnover between the two countries is expected to total $23-24 billion. “It is not a simple trade but mutual cooperation,” Viktor Zubkov underlined.

According to the Russian Premier, during the session the sides discussed issues relating to the formation of the single economic space and the removal of mutual trade barriers. “Belarus and Russia do not have major disagreement on the issues,” the Russian PM noted.

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

BELARUS.BY

The national legal Internet portal of the Republic of Belarus
 
© 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
 
 
NEWS
Regions reveal Belarus-Russia cooperation potential

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.

 
Belarus, Ukraine to set up joint ventures in engineering industry

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.

Meeting of the Council of Ministers of the Union State

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.

 
Trade between Belarus and Ukraine to exceed $5bln in 2008

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.

 
Belarus is ready to carry out big projects with participation of European Bank for Reconstruction and Development

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.

Austrian capital participates in many key projects in Belarus

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.

Biofuel to be produced in all regions of Belarus

Enterprises producing biofuel will be set up in all the regions of Belarus, Belarusian Prime Minister Sergei Sidorsky told reporters.

Belarus downs export oil duty October 1

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.

 
Belarusian business and expo centre to open in Kazakhstan

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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