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26.11.2009
Customs Union’s unified trade restrictions in place as from 1 January 2010
MINSK, 26 November (BelTA) – Starting 1 January 2010 Customs Union countries will introduce a unified system of restrictions in foreign trade, EurAsEC Deputy Secretary General Sergei Glazyev told media in Minsk on 26 November. “Tomorrow fateful decisions will be taken. They will enable the package of agreements on creating the Customs Union. Thus, we will launch the Customs Union,” said Sergei Glazyev. Starting 1 January 2010 Belarus, Russia, Kazakhstan will use unified customs...
25.11.2009
Next year’s exchange rate policy set for Belarusian ruble
MINSK, 25 November (BelTA) – In 2010 the Belarusian ruble will fluctuate within the plus/minus 10% band against the basket of currencies, deputy chairman of the Board of the National Bank of Belarus Nikolai Luzgin told reporters on 25 November. According to Nikolai Luzgin, this exchange rate band is envisaged in the draft monetary policy guidelines of Belarus for 2010. The document has already been submitted to the Presidential Administration. The rate of refinancing is projected at 9-12%...
24.11.2009
Belarus, Saudi Arabia to introduce reciprocal concessional taxation for economic agents
MINSK, 24 November (BelTA) – The House of Representatives is getting ready to ratify an intergovernmental convention between Belarus and Saudi Arabia on double taxation avoidance and prevention of capital and income tax evasion. The relevant bill was considered at a session of the House of Representatives’ permanent commission on international affairs and links with the CIS on 24 November. The convention envisages a system of reciprocal concessional taxation of incomes for the economic...
23.11.2009
National Bank to reduce annual refinance rate from 14% to 13.5%
MINSK, 23 November (BelTA) – The National Bank of Belarus decided to reduce the annual refinance rate by 0.5% to 13.5% since 1 December 2009 (Decree No 187 of 20 November 2009), BelTA learnt from the information administration of the National Bank. The press release of the National Bank says that such step was caused by the sustainable decrease of the inflation rate, the stable situation on the domestic currency market and a number of other positive trends in the Belarusian economy. Apart...
19.11.2009
Italy keen to invest in construction of logistic centers in Belarus
MINSK, 19 November (BelTA) – Italian companies are interested in investing in the construction of logistic centers in Belarus, President of the Italian Association of Logistics Domenico Netti said at an international seminar, Organization and Implementation of Marketing in the EU Countries, in Minsk on 19 November. According to Domenico Netti, the Customs Union formation will attract more foreign partners to Belarus. “Belarus takes a privileged position as any freight, coming from Europe...
18.11.2009
Belarus Premier: capital improvement must be stepped up
LIDA, 18 November (BelTA) – Capital improvement efforts must be largely stepped up to make Belarus a better place to live. The statement was made by Prime Minister of Belarus Sergei Sidorsky at a plenary session of the committee tasked with holding the Native Land Year. Held in Lida on 18 November, the session also involved Vice Premier Ivan Bambiza, Grodno Oblast Governor Vladimir Savchenko, heads of several ministries and agencies involved in the implementation of the Native Land Year....
17.11.2009
Alexander Lukashenko concerned about Belarus’ interests in Customs Union
MINSK, 17 November (BelTA) – President of Belarus Alexander Lukashenko doubts whether Belarus’ interests are well taken care of in Customs Union regulations. The Belarus President made the relevant statement at a cabinet session held on 17 November to discuss the Customs Union formation, BelTA has learned. “Speaking directly, I am concerned about whether Belarus’ economic and foreign policy interests are sufficiently protected and fully taken into account as Customs Union terms are...
16.11.2009
Venezuelan specialists getting familiar with Belarusian forestry technologies
MINSK, 16 November (BelTA) – Specialists from Venezuela are getting familiar with the new technologies used by Belarusian arborists to plan, cultivate and procure wood. A group of forestry experts from Venezuela arrived in Belarus on 16 November on a working visit, Press Secretary of the Belarusian Forestry Ministry Ruzhena Novitskaya told BelTA. The delegation includes Head of Venezuela’s Central Agency for Agriculture and Forestry Tomas Rodriguez, Managing Director for Timberland...
13.11.2009
Foreign investors increasingly interested in Belarus
MINSK, 13 November (BelTA) – The interest of foreign investors in Belarus grows by the year, Deputy Prime Minister of Belarus Andrei Kobyakov told reporters at Belarus’ Investment and Economic Forum in Minsk on 13 November, BelTA has learnt. “Foreign investors have a genuine interest in Belarus,” Andrei Kobyakov said. He refuted allegations of some analysts that in the time of crisis the heightened interest in Belarus is abnormal. The Vice-Premier said that the forum gathered about...
12.11.2009
Belarus, Azerbaijan sign package of bilateral agreements
MINSK, 12 November (BelTA) – Belarus and Azerbaijan have sighed a package of the bilateral agreements. The documents were signed in the presence of the presidents of both the countries after their broader participation meeting in Minsk on 12 November. Alexander Lukashenko and Ilham Aliyev have adopted the joint declaration. The two sides concluded the intergovernmental agreement on cooperation in the youth policy, signed the protocol on implementation of the agreement on cooperation in...
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