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 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.
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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.
The oil export duty has been revised upward following a similar reduction in the export oil duty in the Russian Federation effective from October 1. On October 1, the export duty on oil products will be downed to the level of the duties valid in the Russian Federation. For example, duties on light oil products (light and middle distillates, gas oil, liquefied gas, benzol, toluene and xylol) will be reduced from $346.4 to $263.1 per tonne. Duties on heavy petroleum products (engine oil, processed oil products, mineral wax, oil coke, oil asphalt) will be reduced from $186.6to $141.7 per tonne.
In line with the intergovernmental Belarusian-Russian agreement, export duties on oil and oil products in Belarus are equal to the duties applied in Russia and are introduced on the same date.
In conformance with the Belarusian-Russian agreement, in 2008 the coefficient of 0,335 will be used for calculating the duty on oil supplied to Belarus from Russia. On October 1, the customs special duty on the Russian oil imported to Belarus will make up $124.7.
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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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 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.
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 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.
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 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.
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 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.
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 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.
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 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.
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 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.
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 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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