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 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.
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COUNCIL OF MINISTERS APPROVES EMPLOYMENT ASSISTANCE PROGRAMME FOR 2008
The Government has approved the employment assistance programme of the Republic of Belarus for 2008. The relevant decision is stipulated in No.314 Resolution of the Council of Ministers.
Commenting on this document, the head of the main department of Employment Policy and Population Issues of the Ministry of Labour and Social Security, Nikolai Kokhonov, told that “the objective that was set consists of two indissolubly united parts – to make sure that the number of economically active population reaches 4.535 million and to curb the unemployment rate in the socially accepted bounds that is 1.2-1.4%”.
According to the programme, 155 thousand jobs will be created with the help of different sources of financing (2.9 thousand of them will account for budget loans). In small towns up 21.9 thousand new jobs will be created. ”To enhance social security and well-being of people living in small towns, it is essential to provide them with a well-paid job, and, of course, to prevent the growth of the unemployment rate. Every small town dweller should have confidence in their future, in being able to provide themselves and their families with a decent living”, Nikolai Kohonov said. The solution of the small town problem demands a complex approach. The governmental employment assistance programme is designed to ease the tension at the employment market of small towns enlisted in the programme (in 2007 there were 29 such towns, in 2008 – 36).
The programme prioritizes employment assistance for the most vulnerable groups of population, including women and the youth. This will be achieved through a series of practical measures adopted by the programme, namely professional training, re-training and raising the level of skills of the unemployed to meet the needs of particular employers. The number of such people will be increased from 30% to 40% of the total number of the unemployed, assigned for professional training.
The total budget of the programme exceeds Br178.2717 billion. The money has been allocated from the Social Security Fund of the Ministry of Labour and Social Protection (almost Br117.6266 billion), local budgets (Br18.0586 billion), own resources of employers (Br40.2075 billion), bank loans (Br3.379 billion). The Ministry of Labour and Social Protection, the Minsk oblast and district executive committees are commissioned with the task to supervise the implementation of the programme and to make sure that all the resources will be used appropriately.
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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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 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.
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 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.
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 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.
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 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.
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 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.
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 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.
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 Enterprises producing biofuel will be set up in all the regions of Belarus, Belarusian Prime Minister Sergei Sidorsky told reporters.
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 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.
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 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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