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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.

 

GRODNO AZOT PLANS TO LAUNCH 16MW GAS TURBINE STATION IN JULY

By Resolution #223 the Council of Ministers of Belarus confirmed an architecture project of the construction of a gas turbine facility that would secure the company’s sustainable electric supply and saving of fuel and energy resources.

The company will install two turbines with the 8MW capacity apiece and two boilers with the total productivity of 50 tonnes of steam per hour. Grodno Azot has already received the major bulk of energy equipment. The station is expected to be assembled in March and in summer it will start running. Siemens supplies the company with necessary equipment.

The gas turbine station will help the company to save considerably by means of producing electric energy with prime cost to be 3.5 times lower. Generated steam will be used for production processes (the production of carbamide, in particular). These energy saving steps are set to cut the prime cost of nitrogen fertilizers.

The construction of a 16MW gas turbine unit is the first stage of the project on creating generating capacities of Grodno Azot Company. The company has signed a contract with Siemens on supplies of energy equipment for the second unit of the total capacity 16MW.

The project is financed by the company’s own funds. The cost of the first stage stands at Br71.6 billion. The project is expected to pay back in three and half years.

Grodno Azot is a major producer of caprolactam and mineral fertilizers. The company produces such nitrogen fertilizers as carbamide, liquid nitrogen fertilizers, and ammonia sulphate. Grodno Azot also produces liquid technical-grade ammonia, nitrogen and sulphur acids, consumer goods. The company employs around seven thousand professionals.

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Belorusskaya Niva/Belarusian Cornfield Newspaper

Economy of Belarus/Economika Belarusi Magazine

Zvyazda Newspaper
 
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NEWS
Report of Government on the performance of the national economy in 2008, draft forecast for the social and economic development, national budget and main guidelines of the monetary and credit policy of Belarus in 2009

A man, his wellbeing, is the centrepiece of the entire state policy.

Belarus ready to host 2 thousand Ossetian kids for recuperation

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.

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

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.

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.

 
Gomselmash to launch production of combine harvesters Polesie GS14 in 2009

Gomselmash Company will start to produce combine harvesters Polesie GS14 in 2009, First Deputy Premier of Belarus Vladimir Semashko said.

Information about gengineered components in food now on price tags in Belarus

The Belarusian government has stepped up regulations for selling products, which contain genetically modified components, and has amended relevant retail trade regulations. Information about gengineered components in food will now be available on price tags. The decision is laid down by the Council of Ministers’ resolution No 1115 of August 4.

 
Belarus, Lithuania to sign inland navigation agreement

The transport ministries of Belarus and Lithuania are set to sign an agreement to develop inland navigation. This measure is spelled out in Resolution No 1114 of the Council of Ministers of August 2, 2008.

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