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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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BELARUS, MOLDOVA TO INTENSIFY COOPERATION IN ENVIRONMENT PROTECTION AREA
In line with Council of Ministers’ resolution N794, the Belarusian Ministry of Natural Resources and Environment Protection and the Moldovan Ministry of Ecology and Natural Resources will sign a cooperation agreement. The agreement is expected to be signed in June this year.
The agreement envisages the cooperation of both the sides in environment protection and rational use of natural resources, said Alexander Rachevsky, the head of the international cooperation department of the Belarusian Ministry of Natural Resources and Environment Protection. The ministries of the two countries intend to improve the legislations in the field of environment protection in Moldova and Belarus, to harmonize them in line with the standards of the European Union.
The Moldovan side shows a special interest in the Belarusian experience of developing the legal acts related to the Kyoto Protocol. “Belarus has set up the legal base for efficient implementation of the provisions and mechanisms of the Kyoto Protocol and we are ready to share this experience with Moldovan partners,” Alexander Rachevsky noted.
The agreement also envisages the implementation of new projects to preserve biological diversity, to study the problems on climate change, to inspect the state of water facilities, to improve the information technologies in the sphere of environment protection. Moreover, the two sides intend to share specialists, organize joint research conferences, workshops and roundtables.
The Belarusian Ministry of Natural Resources and Environment Protection constantly expands the sphere of the international cooperation. Belarus has concluded a number of intergovernmental agreements on cooperation in environment protection with the Russian Federation, Ukraine, Latvia, Lithuania, Poland, Bulgaria. The draft agreement on cooperation in this area is being prepared now between this country and Azerbaijan. “At present, we are considering the cooperation in the environment protection area with Egypt,” Alexander Rachevsky added.
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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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