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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.

 

BELARUS INTRODUCES NEW TIMBER LICENSING RULES

New timber licensing rules came into force on January 1, 2006 in Belarus. In line with the Council of Ministers’ Resolution №1551 of December 27, 2005, which approved the new timber licensing rules, only legal entities can engage in this kind of activity.

Commenting on the document upon the request of BelTA, the chief of the main department for timber production and sales of the forestry ministry, Alexander Korbut, noted that the resolution enhances the requirements for forest operators. In particular, the licensees should have the equipment to perform main timber harvesting technological operations qualitatively and safely and also to apply technologies in timber transportation which do not damage the upper fertile layer of soil and forest reproduction.

Moreover, the list of requirements includes fire safety rules, rational forestry management, efficient utilization of raw wood including the use of wood chips and sawdust as fuel to produce heat energy.

To obtain a timber working license a claimant should have woodworking equipment, tools and devices to produce high-quality products meeting the state standards, a certificate of the state labour inspectorate department of the ministry of labour and social security on compliance of the equipment with all requirements in labour protection. For the first time a claimant should coordinate with the local authorities the issue on deployment of woodworking production on the territories they supervise.

According to Alexander Korbut, to get a license a claimant should submit to the forestry ministry the information on its staff (number and qualifications). The license is valid for five years. Before granting a license the forestry ministry should make sure a claimant can meet the license requirements.

In case the license holder violates the requirements during a year the forestry ministry is entitled to cancel the license. The gross violations feature the breaching of the fire safety rules entailing a fire and also felling or damaging the trees, selling the products containing radionuclides exceeding the permissible levels, violation of labour protection rules, the unavailability of the documents validating the legality of timer purchase. Alexander Korbut noted that harvesting of firewood by natural persons for their own needs, hewing of bushes alongside railways and motorways, oil pipelines and geodesic networks are not liable for licensing.

As for granting timber licenses to entrepreneurs, they should set up a commercial company having a status of the juridical entity and only then claim for a license. All the abovementioned should be done by July 1, 2006.

In 2003-2005 the forestry ministry granted some 1,580 timber licenses /369 - in 2005/. The majority of the licenses have been granted to the organizations of the forestry ministry, the concern Bellesbumprom, the defense ministry and the Presidential Property Management Department. Entrepreneurs account for some 20 per cent for the total. Requirements to the licensees have been toughened as 228 licenses were canceled and 133 suspended for various violations in 2005.

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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Information support from the Republican Unitary Enterprise Belarusian News Agency
 
 
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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