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Extra measures to improve investment, business climate approved in Belarus

January 16, 2009
A plan of top-priority measures aimed at liberalising business conditions in 2009 was approved by the Belarus President Administration and the Government of the Republic of Belarus on January 13.
 

NBRB allows exporters to make advance payments for imports using earned foreign currency

January 16, 2009
As from January 15 the National Bank of the Republic of Belarus (NBRB) allows Belarusian exporters to make advance payments for imports using foreign currency earnings on their accounts.
 

Gomselmash doubles exports in 2008

January 10, 2009
In 2008 the Gomselmash Production Association increased exports 2.1 times, or by almost $210 million. For the first time the exports surpassed the amount of the government procurement contract.
 

Vitebsk to host international investment forum in March 2009

January 8, 2009
Around 100 companies and organizations of the Vitebsk oblast presented their investment projects to the contest for participation in the international forum ‘Investment Initiatives of Vitebsk Oblast’, BelTA learnt from Konstantin Chorny, the deputy head of the economy department of the Vitebsk Oblast Executive Committee.
 

NBRB raises refinancing rate to 14% p.a.

January 8, 2009
On January 8, the National Bank of the Republic of Belarus (NBRB) raises the refinancing rate up to 14% per annum.
 

State financial institution of development may be set up in Belarus in 2009

January 8, 2009
A state financial institution of development may be set up in Belarus in 2009. This initiative was proposed by the National Bank of Belarus.
 

BelAZ to hold talks with Caterpillar

January 8, 2009
Automaker Belarusian Autoworks (BelAZ) plans to hold talks with the automobile concern Caterpillar on January 26-27, told BelAZ Director Piotr Parkhomchik told media in Zhodino on January 5.
 

Belarus to launch LED production jointly with Philips

January 5, 2009
Belarus will develop LED production jointly with Phillips Lumileds Lighting (the Netherlands), said Vladimir Podkopayev, head of the international links department of the National Academy of Sciences (NAS) of Belarus.
 

Belarus’ foreign trade 43.7% up in January-November

January 5, 2009
In January-November 2008, Belarus’ foreign trade in goods and services reached $67.934 billion, up 43.7% over the same period of 2007.
 

Belarusian Transport Ministry takes measures to help trucking companies

December 31, 2008
The Belarusian Transport and Communication Ministry is taking additional measures to improve the financial status of international trucking companies in view of the global financial crisis, Transport and Communication Minister Vladimir Sosnovsky told media on December 30.
 

MAZ-MAN intends to improve design of all models of trucks in 2009

December 31, 2008
MAZ-MAN company has produced an experimental sample of a truck with cable linkage of gear change BelTA learnt from the Business Relations Agency, which quoted information received from MAZ-MAN.
 

Belorusneft supplies production equipment to Venezuela

December 31, 2008

The Belorusneft Company has supplied 38 railway cars with the production equipment, which will be used in the oil industry maintenance services, to Venezuela.

 

Vitebsk Technological University develops medical fabric for burns treatment

December 27, 2008
The experimental plant of the Vitebsk State Technological University (VSTU) has developed the production of medical knitted fabric used for local treatment of burns and wounds. The first batch of the fabric is being manufactured for Borisov Pharmaceutical Plant.
 

In 2008 over $700mln invested in Belarus’ energy system

December 27, 2008
In 2008, over $700 million was invested in the development of Belarus’ energy system, said Pavel Yakubovich, director general of the Belenergo state and production association.
 

Granit to implement 2 investment projects by 2011

December 23, 2008

Granit company (Mikashevichi, Brest oblast) intends to implement two investment projects estimated at more than Br 1 trillion by 2011, said the press secretary of the Ministry of Architecture and Construction of Belarus Alla Domoratskaya.

 

Belarus is interested in Korean investments in automobile construction and new technologies

December 22, 2008
The establishment of close relations with South Korea is one of priorities of the Belarusian foreign policy in the Asian-Pacific region, Chairman of the Council of Republic of the Belarus National Assembly noted during his meeting with Ambassador Extraordinary and Plenipotentiary of Korea to Belarus Lee Yun Soo in Minsk on December 22.
 

Alexander Lukashenko simplifies rental of premises procedures

December 20, 2008
President of Belarus Alexander Lukashenko has signed Decree No 24 “Rental of permanent structures (buildings, facilities), isolated premises” on December 19, BelTA learnt from the presidential press service.
 

Auditing and supervisory activities are prohibited

December 20, 2008
On December 19 President of Belarus signed decree No 689 “Measures to perfect auditing and supervisory activities in the Republic of Belarus”.
 

Belarus welcomes investors

December 20, 2008

Belarus welcomes any investors who have concrete plans concerning the period of projects implementation and projects financing, Deputy Prime Minister of Belarus Viktor Burya told BelTA.

 

Belarus’ woodworking companies increase production by 10.5% in January-November

December 19, 2008
In January-November 2008, Belarus’ woodworking companies produced products at the amount of Br3.471 trillion, or 10.5% up over the same period last year, reported the Belarus National Statistics Committee.
 

Bobruiskagromash to supply Venezuela with almost 1,000 farm machines in 2009

December 19, 2008
In 2009, Bobruiskagromash will supply the agricultural industry of Venezuela with almost 1,000 farm machines, said Vasily Tsarik, deputy head of the company’s marketing department.
 

Cyprian company to construct shopping and entertainment centre in Grodno

December 14, 2008
Cyprian company Brushland Development Ltd has bought a plot of land at an auction conducted in Grodno to construct a shopping and entertainment centre, said the head of the municipal property and privatization department of the Grodno Town Council Svyatoslav Karpinsky.
 

Financial Times about investment in Belarus

December 11, 2008

Financial Times published a special report on investment climate in Belarus . It's online version "Belarus 2008" could be found here. Following this link you can also download the report in pdf.

 

Belarus, Iran to build up economic cooperation

December 11, 2008
Belarus and Iran should build up the economic cooperation, said Foreign Minister of Iran Manouchehr Mottaki as he met with Foreign Minister of Belarus Sergei Martynov on December 11.
 

Belarus, Korea scientists to develop medical microrobots

December 11, 2008
Scientists from the Belarusian National Technical University (BNTU), Metolit technology park and Seoul National University (Korea) are to implement a joint project to develop medical microrobots, said Metolit Director General Yuri Alexeyev. The relevant agreement was reached during the Days of Belarusian Science in Korea.
 

Belarus, Bosnia and Herzegovina to step up business cooperation

December 10, 2008
Belarus and Bosnia and Herzegovina intend to step up cooperation between the business circles, Chairman of the Belarusian Chamber of Commerce and Industry (BCCI) Vasily Romanov said at the negotiations with the Skupstina deputies that have been held at the BCCI on December 9.
 

The order of taxation of High Technology Organizations is changed

December 10, 2008
The President of the Republic of Belarus approved the Decree #662 of 4 December 2008 On Taxation of High Technology Organizations.
 

Czech company OKD, Doprava buys controlling interest in Belterminal

December 9, 2008
Czech company OKD, Doprava has bought 90% of shares of Belterminal company for $3.65 million. The Brest oblast retains 10% of the shares, said Mikhail Trotsinsky, head of the foreign trade relations office of the Brest oblast administration.
 

MAZ to present new models of trucks at Russian Forest Exhibition in Vologda

December 9, 2008
The Mink Automobile Plant (MAZ trademark) will present new models of special-purpose equipment at the Russian Forest 2008 Exhibition. The exhibition will be held in Vologda on December 10-12.
 

Venezuela intends to buy more than thousand Belarusian tractors

December 8, 2008
Venezuela intends to buy more than a thousand tractors, 50 combine harvesters, road equipment and spare parts in Belarus, BelTA learnt from Ambassador Extraordinary and Plenipotentiary of Venezuela to Belarus Americo Diaz Nunez.