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 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.
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BELINVESTBANK DEVELOPMENT PROGRAM TO EXPAND LONG-TERM CREDITING OF ECONOMY
The government of Belarus approved the development program of Belarusian bank of development and reconstruction Belinvestbank as an investment bank for 2006-2010. The decision is ensured in the joint resolution ¹10/1 of the Council of Ministers and the National Bank. The document was signed by prime minister of Belarus Sergei Sidorskiy and deputy chairman of the board of the National Bank Pavel Kallaur.
Òhe program intends to expand the long-term crediting of the real economy sector by means of internal and external sources of financing, diversifying of the bank’s liabilities by dint of increasing their terms. The program provides for expanding the resource base and authorized fund and intensifying the investment activity. The document determines the areas for foreign and national investments, their volumes, mechanisms of investment crediting and developing bank services.
The program aims to strengthen the role of the state in managing investment processes, to create the conditions for developing and improving the investment activity in the republic. The program ensures maximum concentration of financial assets and target financing of state investment and innovation programs.
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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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 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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 A man, his wellbeing, is the centrepiece of the entire state policy.
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 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.
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 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.
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 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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 Gomselmash Company will start to produce combine harvesters Polesie GS14 in 2009, First Deputy Premier of Belarus Vladimir Semashko said.
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