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THE ESSENTIAL
Energy industry investors promised taxation preferences in Belarus

In Belarus energy industry investors will be offered taxation preferences, First Vice Premier of Belarus Vladimir Semashko said at the IV international investment forum in Mogilev on October 9. In his words, the government has prepared two new energy industry bills meant to encourage investments into the industry. They grant taxation preferences for up to 7 years. Investors are expected to recoup their money within five years and use the remaining two years to develop their companies, said Vladimir Semashko.

 

BR3.8 TRILLION FOR MODERNISATION OF BELARUSIAN POWER GRID, ENERGY SAVING IN 2008

In 2008 Br3.8 trillion will be channelled into modernisation of the energy industry and energy saving in Belarus. The money is envisaged for the implementation of the state programme for modernisation of basic production assets of the Belarusian power grid, energy saving and raising the share of locally available fuel and energy resources in the total utilisation till 2011. The measures to be taken this year in order to execute the programme have been adopted by Council of Ministers resolution No 261 of February 22.

In 2008 Br3.808 trillion will be allocated for executing the programme, with Br1.307 trillion apportioned for modernising the energy system. Br2.501 trillion will be channelled into energy saving, including Br565 billion to be spent on raising the share of local energy resources.

In 2008 companies of the Energy Ministry will commission power-generating facilities with the total output of 299MW, while companies of Belneftekhim concern, the Industry Ministry, the Ministry of Housing and Communal Services and other industries will commission power-generating facilities with the total output of 98MW.

In 2008 the country’s energy saving is expected to make at least 1.4 million tonnes of oil equivalent. The utilisation of local fuels is supposed to go up to 4.26 million tonnes of oil equivalent.

This year companies of the Energy Ministry will complete five investment projects for building power-generating facilities. By April Lukoml State District Power Station will complete modernising energy unit No 2. The project will result in saving 15,000 tonnes of oil equivalent annually or $1.8 million. In May Gomel cogeneration plant No 2 will commission a 4MW turbine expander. In August Lida cogeneration plant will commission a 25MW gas turbine plant. In October Minsk cogeneration plant No 3 will commission a 230MW steam gas power unit, which utilisation will allow saving up to 150,000 tonnes of oil equivalent annually or around $18 million. In late 2008 a 25MW gas piston power plant is supposed to be put into operation in a boiler house in Zhlobin.

The complex of measures also envisages fulfilling the necessary work at energy installations, which are supposed to go online in accordance with the state complex programme in 2009-2010.

In 2008 174.8 km of heating networks will be replaced in Belarus, with 2,200 km of power lines built and rebuilt. In 2008 three new power substations will be built and seven existing 100kV substations will be rebuilt in Minsk in order to provide power supply to new households.

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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NEWS
Regions reveal Belarus-Russia cooperation potential

On October 7, Deputy Prime Minister of Belarus Andrei Kobyakov and First Deputy Chairman of Government of the Russian Federation Igor Shuvalov met in the Brest oblast to discuss the issues of further development of the trade and economic relations between Belarus and Russia.

 
Belarus, Ukraine to set up joint ventures in engineering industry

In the near future Belarus and Ukraine intend to set up joint ventures in the engineering industry, First Deputy Prime Minister of Belarus Vladimir Semashko told reporters after the 15th session of the Belarus-Ukraine Intergovernmental Commission for Trade and Economic Cooperation in Kiev on October 7.

Meeting of the Council of Ministers of the Union State

Belarus and Russia should coordinate their efforts in the economic area in the conditions of the global financial crisis, Prime Minister of Belarus Sergei Sidorsky said as he met with Russian Premier Vladimir Putin in the run-up to the session of the Union State Council of Ministers.

 
Trade between Belarus and Ukraine to exceed $5bln in 2008

In 2008, the trade between Belarus and Ukraine will exceed $5 billion, First Deputy Prime Minister of Belarus Vladimir Semashko said. The First Vice Premier is the head of the Belarusian delegation at the 15th session of the Intergovernmental Belarusian-Ukrainian Commission for Trade and Economic Cooperation which is being held in Kiev on October 6-7.

 
Belarus is ready to carry out big projects with participation of European Bank for Reconstruction and Development

Belarus is ready to carry out big projects with the participation of the European Bank for Reconstruction and Development (EBRD), Belarusian Prime Minister Sergei Sidorsky noted during his meeting with Varel Freeman, the EBRD First Vice President.

Austrian capital participates in many key projects in Belarus

Many major projects in Belarus are implemented with the participation of Austrian capital and technologies, Deputy Prime Minister of Belarus Andrei Kobyakov said as he met with Johann Zaks, Director General for Foreign Trade Issues of the Federal Ministry of Economics and Labour of Austria, co-chairman of the Belarusian-Austrian committee on trade and economic cooperation in Minsk on October 2.

Biofuel to be produced in all regions of Belarus

Enterprises producing biofuel will be set up in all the regions of Belarus, Belarusian Prime Minister Sergei Sidorsky told reporters.

Belarus downs export oil duty October 1

On October 1, 2008, Belarus will down the crude oil export duty from $495.9 to $372.2 per tonne. The Council of Ministers issued relevant resolution No 1426 of September 27.

 
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.

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