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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.

 

WORKING VISIT TO THE MOGILEV OBLAST

Enterprises of Belarus’ processing industry will be fully refitted within the next 2-3 years, Prime Minister of Belarus Sergei Sidorsky told media on April 23. The head of Government was on a working visit to the Mogilev oblast. He was familiarised with the progress in implementing three major investment projects: construction of a plant for processing potatoes into starch in OAO Novaya Drut (Belynichi region), reconstruction and modernisation of OAO Bykhov Tinned and Dried Vegetables Factory, and Slavgorodsky Pishchevik.

According to Sergei Sidorsky, there are plans to rebuild 24 production facilities similar to Bykhov’s as part of a relevant presidential decree. Funding has been allocated for this. “They will be modern closed-cycle plants: field – processing – packing,” remarked the Prime Minister.

He stressed, for the tinned food industry it is now important “to link up raw stock producers and processing companies and set up agricultural holding companies, which should be interested in supplying quality raw stock to tinned food producers, while in turn after selling their make processing companies should be interested in sharing profits with the raw stock producers”.

Sergei Sidorsky believes, selling merchandise is the second major task, as refitted processing companies will double the output up to 400 million standard cans. “Our trade system should work with future companies in mind while managers in charge of selling tinned products should reach for distribution networks abroad,” said the Premier.

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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In line with Decree No 1213 signed by the Council of Ministers of the Republic of Belarus on August 22 2008, the customs procedures for declaring export commodities have been simplified.

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

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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.

 
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