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THE ESSENTIAL
Stable Belarusian economy through new export-oriented enterprises

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.

 

NEWS

2008-09-30

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.

The sides discussed results of trade and economic cooperation between Belarus and Kazakhstan in 2007-2008. In particular, issues related to the operation of the enterprise set up in Pavlodar in September 2007 to assemble Belarusian tractors were discussed as well as matters concerning the creation of representative offices, sales and service centres for automobiles made by MTZ, MAZ, BelAZ, BelavtoMAZ, and other Belarusian products.

Belarus and Kazakhstan intend to work hard building up the trade and economic and interregional cooperation. The sides expressed interest in setting up joint ventures in Kazakhstan to manufacture furniture, mineral fertilisers and light industry products. After the session of the commission a relevant protocol as well as a programme for cooperation in physical culture and sports between the Sports and Tourism Ministry of Belarus and the Sports and Tourism Ministry of Kazakhstan in 2009-2010 were signed.

Apart from that, Kazakh Prime Minister Karim Masimov met with Ivan Bambiza. The parties discussed prospects of the bilateral cooperation and mentioned the quality transition of Belarusian-Kazakh economic relations from commodity exchange to the realisation of investment projects in various economic branches.

Kazakhstan ranks third after Russia and Ukraine in Belarus’ trade with the CIS states.

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Economy of Belarus/Economika Belarusi Magazine

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NEWS
Belarus to provide humanitarian assistance to Cuba

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.

Belarus Investment Forum in London

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.

A working visit to Great Britain

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.

 
Belarus considers attracting foreign companies in life insurance

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.

Meeting of CIS Council of Heads of Government in Chisinau

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.

The working visit of the Belarusian Premier to Riga

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.

Additional measures needed to support Belarus, Saratov oblast economy during global crisis

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.

 
Belarus reduces oil export duty November 1

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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