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THE ESSENTIAL
Stable Belarusian economy through new export-oriented enterprises

The stability of the Belarusian economy lies with setting up export-oriented enterprises. The statement was made by Prime Minister of Belarus Sergei Sidorsky on November 21 as the second technological line for manufacturing mineral wool products based on basalt fibre was launched in Gomelstroimaterialy company. The more similar enterprises Belarus has, the faster and simpler it will be to overcome negative phenomena on the global market.

 

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.

According to the sea and river transport department of the Ministry of Transport and Communication of Belarus, the main goal of the document is to create the navigable conditions in the Neman River border areas in Belarus and Lithuania. As the depth of the river is not fully suitable for transportation of cargo, the waterway is expected to be used to transport passengers.

There will be a border checkpoint on the river, with eased border crossing procedures. “All these measures will promote water tourism in the Neman River,” says the ministry.

“Belarus will notify Lithuania of the readiness to sign the agreement. It is expected to be concluded by the next navigation season,” the department informed. The work on developing this part of the Neman River is planned to be financed from the national budget. The volume of financing has not been specified yet.

The ministry also added that the transport ministries of Belarus and Lithuania have been working on this agreement in line with the intergovernmental agreement on inland navigation of May 25, 2007.

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
Belarus to provide humanitarian assistance to Cuba

In accordance with a resolution of the Council of Ministers, the Finance Ministry of Belarus is set to allot €30,000 from the national budget to the Foreign Ministry for the Embassy of Belarus in Cuba in order to provide humanitarian assistance to Cuba in view on a devastating hurricane, BelTA learnt from the Council of Ministers.

Belarus Investment Forum in London

The Belarusian Investment Forum will hold in the Church House Conference Centre of London on November 18. The work of the forum will be led by Belarusian Prime Minister Sergei Sidorsky.

A working visit to Great Britain

Sergei Sidorsky, Lord Mayor of City of London discuss financial cooperation Prime Minister of Belarus Sergei Sidorsky and Lord Mayor of the City of London Ian Luder discussed possible cooperation areas between Belarus and Great Britain in the financial area.

 
Belarus considers attracting foreign companies in life insurance

Belarus is mulling over a possibility of attracting foreign companies in the area of life insurance, Vice-Premier of Belarus Andrei Kobyakov told reporters in London on November 17.

Meeting of CIS Council of Heads of Government in Chisinau

Being a regional organization with a stable economic development, the CIS should play a prominent part in the formation of a new global financial architecture, Prime Minister of Belarus Sergei Sidorsky said at the session of the Council of the CIS Heads of Government (CIS CHG) on November 14.

The working visit of the Belarusian Premier to Riga

The trade between Belarus and Latvia will exceed $2.1 billion in 2008, Belarusian Prime Minister Sergei Sidorsky said during the opening of Belarus EXPO 2008 National Exhibition in Riga on November 12.

Additional measures needed to support Belarus, Saratov oblast economy during global crisis

Belarus suggests that the Saratov oblast join it in introducing additional measures to support the economy during the global financial crisis, Prime Minister of Belarus Sergei Sidorsky said as he met with Saratov oblast Governor Pavel Ipatov.

 
Belarus reduces oil export duty November 1

On November 1, 2008, Belarus reduces the crude oil export duty from $372.2 per tonne to $287.3 per tonne. The Council of Ministers issued relevant resolution No 1668.

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