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 The economies of Belarus, Russia and Kazakhstan should deal with the global crisis using joint efforts, said Prime Minister of Belarus Sergei Sidorsky during a visit to Belarusian Autoworks in Zhodino on January 5. At present, the complementarity of the Belarusian and Russian economies is 60%-90% in certain kinds of cooperation. “Russia’s GAZ Group, KAMAZ and Grodno-based Belkard that supplies parts to Russia have stopped their production,” the Premier said.
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NEWS
Belarus offers China EXIM BANK to sign memorandum of cooperation
 Belarus offers the Export-Import Bank of China (EXIM BANK) to consider an opportunity of signing a memorandum of cooperation, First Deputy Prime Minister of Belarus Vladimir Semashko told a delegation of the EXIM-BANK group on October 29. In his words, the leading Belarusian banks, Belarusbank and National Bank, have certain proposals to develop long-term cooperation in the financial area. According to Vladimir Semashko, the Chinese yuan has been included into a list of the reserve currencies in Belarus.
The central banks of the two countries have been currently completing the development of the regulatory system where payments between the economic agents of Belarus and China are made in the national currencies.
Founded in 1994, the Export-Import Bank of China (China Eximbank) is a governmental bank under the direct leadership of the State Council. The international credit ratings of the bank headquartered in Beijing are compatible to the national sovereign ratings. The bank has established correspondent relations with more than 140 banks worldwide.
China EXIM BANK has developed into a key channel of policy financing for exports and imports of mechanic and electronic products, complete set of equipment, and high- and new-tech products, and for offshore construction contracts as well as overseas investment projects. Meanwhile, the bank is also the major onlending bank of foreign government loans and the sole lending bank for Chinese Government Concessional Loan entrusted by the Chinese Government. The bank is playing an important role in promoting the development of the open and export-oriented economy of the country.
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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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 The Government of Belarus issued Resolution No 2020 to introduce a new minimum wage.
In line with the resolution, the monthly minimum wage will amount to Br229,000, the hourly minimum wage – to Br1,360.
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 Only export-oriented and competitive companies will be supported by the state, said Prime Minister of Belarus Sergei Sidorsky at a session of the Presidium of the Council of Ministers to discuss the measures to maintain the stability of the country’s key and other enterprises on December 23.
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 Prime Minister of Belarus Sergei Sidorsky thinks it necessary to accelerate the transition to the regional currency in the payments between economic entities of Belarus and Russia. He voiced this opinion at the meeting with Chairman of the Russia’s State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) Vladimir Dmitriev on December 20.
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 Belarus welcomes any investors who have concrete plans concerning the period of projects implementation and projects financing, Deputy Prime Minister of Belarus Viktor Burya told.
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 Belarus is interested in liberalizing mutual trade with the European Union, Vice-Premier of Belarus Andrei Kobyakov said as he met with the head of the EC Delegation in Ukraine and Belarus, Mr Jose Manuel Pinto Teixeira, in Minsk on December 18.
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 By the end of 2008 the Government of Belarus will pass
new legal instruments to facilitate administrative procedures and liberalise the economy, Prime Minister of Belarus Sergei Sidorsky said on December 17
during the Belarus Government Quality Achievements Award 2008 ceremony.
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 Fishman Group is ready to put $500 million in the
construction of a set of facilities in the Belarusian High-Tech Park, company’s co-owner Eliezer Fishman told reporters after his meeting with Prime
Minister of Belarus Sergei Sidorsky on December 17.
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 Some Br590 billion was saved in 2008 due to streamlined financing of innovation projects, Vladimir Matiushkov, Chairman of the State Science and Technology Committee of Belarus, said at a session of the Presidium of the Council of Ministers chaired by Prime Minister of Belarus Sergei Sidorsky on December 16.
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