News

Oleg Andreyev, a managing director of Investment Banking department at EnterInvest, analyzed the new law on investments in terms of the most important problems of investors in our country to be solved.

On January 24, 2014 the Law on investments in Belarus, which was approved by the Parliament on July 28, 2013, came into effect. Over the period the advantages and disadvantages of the law had been thoroughly analyzed, the law was also compared to the Investment Code of the Republic of Belarus that had been in force for almost 13 years.

Belarus cuts MTS price to tempt buyer for 51% in mobile operator. Comments by Oleg Andreev, EnterInvest.

Through February 5, the government of Belarus is accepting bids in another attempt to sell a 51% stake in state-controlled Mobile TeleSystems (MTS), the Belarusian mobile phone operator that's a joint venture with the eponymous Russian telecommunications group. The starting price has been cut by the cash-strapped Belarusian government to $863m in an attempt to attract an investor, but will this be enough to secure a deal?

Tut.by: What will be the value of dollar at the end of 2014? Eight experts staked on the question.

In the second half of 2013 Belarusian ruble entered the turbulence. The Belarusian government forecasts that in 2014 the situation will flatten out. However experts foresee that Belarusian ruble will go on devaluating smoothly. Thus if the country leaders don’t take control of internal economic imbalances and external shocks, the ruble can go to a steep dive.

Oleg Chanov, EnterInvest partner, took part in the conference on HR in IT

Oleg Chanov, Managing partner of EnterInvest consulting company, took part in the second session of the conference dedicated to HR in IT, which took place in Minsk on December, 13.  The topic of the speech was called “Reflections” dedicated to organizational culture, executive role and comfort of employees in the company”.

“Each country should compete for investments- that’s a global trend”

Lithuania is probably one of the most active countries in terms of investments among Baltic “neighbours” of Belarus.  Vidmantas Verbickas, commercial attache of Lithuanian Embassy, in Belarus in conversation with the partners - consulting and investment company EnterInvest - spoke about former, present day and future Lithuanian investments to Belarusian economy.

Key Takeaways of Global Entrepreneurship Week together with EnterInvest

The Global Entrepreneurship Week took place in Minsk on November 18-21. It is an international project that is held annually and aimed at identifying and discussing major local business concerns. EnterInvest team took an active part in the first day of the project – the Corporation Day.

Belarus should stop being gas-dependent from Russia. Comments by Andrei Matsiavin, EnterInvest.

Almost 96% of the heat power in Belarus is being produced from Russian natural gas, what makes our country highly dependent on Russia and causes some geopolitical concerns. These questions were raised by EnterInvest investment-consulting company representative Andrei Matsiavin during the panel discussion “Investment in energy efficiency"

Poland's Getin expands its banking business in Belarus. Comments by Oleg Andreyev, EnterInvest.

Poland's Getin expands its banking business in Belarus. Comments by Oleg Andreyev, EnterInvest.

DTZ and EnterInvest describe how the Belarusians invest in Latvian real estate

EJ.BY: DTZ and EnterInvest describe how the Belarusians invest in Latvian real estate 

EnterInvest took part in the launch of country portal “Belarus. Facts”

EnterInvest took part in the launch of country portal “Belarus. Facts”

Privatization after Belarusian manner. Comments by Oleg Andreyev, EnterInvest

Privatization after Belarusian manner. Comments by Oleg Andreyev, EnterInvest 

Oleg Chanov, EnterInvest, has been accredited as EBRD Consultant

Oleg Chanov, EnterInvest, has been accredited as EBRD Consultant 

Bloomberg Agency: the conflict between the "Belaruskali" and "Uralkali". EnterInvest comment

A dispute between the former Soviet Union’s two largest potash producers shows little sign of being resolved quickly as predictions that the commodity’s price will plunge roil the $20 billion market.

BelaPAN: Investing in Belarusian Brewery industry may by risky. Joint Study of Sorainen and EnterInvest.

BelaPAN: Investing in Belarusian Brewery industry may by risky. Joint Study of Sorainen and EnterInvest.

International expert - partner EnterInvest: Belarusian shopping centers have some defects in the concepts.

An expert in commercial real estate development, head of the Stockholm office of the international consulting firm DTZ Tobias Froberg visited Minsk in July. Mr. Froberg came to Belarusian capital in order to assess the market by the invitation of EnterInvest, Swedish specialist visited a number of shopping centers and gave his opinion on the state of the local retail market and forecast its future development.

Agronews: State officials will keep watch over OAO (JSCs) in Belarus. Comments by Oleg Andreyev, EnterInvest

The House of Representatives of the National Assembly of the Republic of Belarus passed in its first reading the bill introducing amendments and additions to the Law on Privatization of Public Assets and Transformationof State Unitary Enterprises into JSCs

Financial Times: Belarus’s unlikely hotel boom. EnterInvest comments the situation

It is no secret that many multinational companies avoid Belarus because of the unfavourable reputation of the country’s authorities and western sanctions against them. But this, apparently, does not apply to the hotel business. Several big name hotel brands are springing up around the capital, Minsk.

Realt.by: DTZ is going to draw “strong tenants” in Belorussian real estate properties.

The world’s largest real estate consulting company DTZ is going to draw “strong tenants” in Belorussian real estate properties.

Oleg Andreyev, EnterInvest, comments on the "resuscitation" of the golden share rule in Belarus for Naviny.by

The process of state property denationalization in Belarus is being frozen thus coming to nothing. The draft law, which actually breathes life into the golden share rule, has been endorsed by the President so far.

Kambiz Behi analyses the impact of the Russian Customs Union

Kambiz Behi of EnterInvest and JURIST Columnist Edsel Tupaz of Tupaz & Associates examine the impact of the Russian Customs Union and the effects it has had on Eastern Europe

Kambiz Behi comments on the Russia-US relations within WTO

In spite of the fact that the U.S. economy continues to suffer and Europe is imploding, the U.S. Congress has left Washington for its traditional five-week summer recess. Among the plethora of legislation that Congress failed to address prior to its departure were two bills concerning Russia -- the establishment of permanent normal trade relations (PNTR) and the 'Magnitsky Act.'

Kambiz Behi, a consultant on foreign affairs at EnterInvest, comments on Russia's growing economic influence in Europe and beyond

In an effort to recapture the glory days of the Soviet Union, and to enhance its standing among its neighbors, Russia is leading an economic regional reintegration plan at such a rapid pace, it may make the Europeans envious. Covering an area more than five times that of the European Union (EU), if Russia has its way, the 'Eurasian Union' (EAU) will serve as a de facto bond between the nations of the former Soviet Union, and could come to rival Europe in terms of economic importance.

International Renewable Energy & Energy Efficiency Forum, REF-2012 Moscow

The company EnterInvest took part in the International Renewable Energy & Energy Efficiency Forum, REF-2012 Moscow, held in Moscow on 5-6 June 2012. Forum was one of the main business platforms dedicated to the construction of sustainable energy in Russia and CIS.

The company EnterInvest will sponsor the meeting "New Media - New Rules"

Cultural portal KY (www.kyky.org) on 10 June with the assistance of EnterInvest hold a unique meeting "New media - new rules." Representatives of the well-known online CIS resources will share their expertise in the field of online media, and they are also going to share their views and thoughts on the prospects of Belarusian online media and the blogosphere during the round table.

GrodnoBioproduct launches rapeseed oil supplies to Israel

In 2012 GrodnoBioproduct launched the deliveries of table rapeseed oil to Israel, Director of the Skidel-based company Nikolai Pokholok told media on 15 March.

Innovation Week ‘a success’ for Belarus

Belarus has signed a number of agreements with foreign companies in energy, petrochemistry and healthcare at the Innovation Week which is taking place in the country on 15-18 November, Chairman of the State Science and Technology Committee of Belarus Igor Voitov told a press conference on 17 November.

Belarus, Huawei to develop IT for healthcare

Belarus looks forward to cooperation with the Chinese company Huawei in the development of information technology for healthcare.

Belarus to resume WTO entry talks within months

Belarus offers Turkey collaboration in logistics and energy sectors, Foreign Minister of Belarus Sergei Martynov said at the meeting of the Belarusian-Turkish intergovernmental economic commission on 3 November.

Belarus offers joint energy, logistics projects to Turkey

Belarus offers Turkey collaboration in logistics and energy sectors, Foreign Minister of Belarus Sergei Martynov said at the meeting of the Belarusian-Turkish intergovernmental economic commission on 3 November.

Decision on Turkish investments into Belarus’ Kamvol due in November

he final decision on financing a project of the Belarusian company Kamvol by the Turkish company De Textile will be made in November, Prime Minister of Belarus Mikhail Myasnikovich said as he met with Minister of Culture and Tourism of Turkey Ertugrul Gunay on 3 November.

Foreign investors implement two woodworking projects in Belarus

Foreign investors are implementing two woodworking projects in Belarus: one in the free economic zone Mogilev by the VMG Industry who is IKEA’s partner, the other one in Smorgon District by the Kronospan Corporation.

Deals with foreign investors struck at Vitebsk business forum

21 October saw representatives of enterprises and local authorities of Vitebsk Oblast sign five protocols of intent and five agreements with foreign investors and companies.

UFS to raise investments on behalf of Belarus

The foreign limited liability company “UFS Investment Company” has been authorized to represent the interests of Belarus in attracting investments into the country. Such decision is contained in Resolution No. 1396 of the Council of Ministers as of 17 October 2011.

Belarus improves standing in Doing Business 2012 ranking

Belarus has significantly improved its standing in the Doing Business 2012 report made by the World Bank and the International Finance Corporation.

Large furniture factory to be built in Belarus

A large furniture factory will be built in Belarus, Belarusian Premier Mikhail Myasnikovich stated as he visited the Ivatsevichdrev company on 12 October.

Belarusian PM urges to implement Ivatsevichdrev investment project faster

The implementation of the investment project to build a workshop to manufacture flake boards and laminated boards at OAO Ivatsevichdrev should be accelerated without damaging quality, said Prime Minister of Belarus Mikhail Myasnikovich as he visited OAO Ivatsevichdrev, Ivatsevichi District on 12 October.

Enertrag pledges to implement windmill project in Belarus in full

Enertrag AG intends to implement the project for the construction of a 160 MW windmill in Belarus in full volume. The investment will approximately total ?360 million.

Belarus to conclude 20 energy efficiency agreements as part of UNDP/GEF project

About 20 investment agreements on energy efficiency will be concluded as part of the UNDP/GEF project “Removing Barriers to Energy Efficiency Improvements in the State Sector in Belarus” by late 2011, Antonius Broek, UNDP Resident Representative in Belarus, told reporters on 30 September.

A new biogas production to be launched in Belarus in November

A new biogas complex is to operate from November, 1 at agricultural enterprise “Snov” (Nesvizh district). The biogas complex capacity is 2 MW. Total investment amounts to 6.7 mln Euro.

A draft geothermal project is carried out in Belarus

OOP “Ilmax” operates a draft geothermal project for thermal pump implementation in Minsk region on Nesvizh central district hospital base. Project realization assumes 60 wells of less than 100 m depth drilling.

Global textile brands keen on joint projects with Belarus

Global textile brands are interested in joint projects with Belarus, the chairman of the Belarusian light industry concern Bellegprom Gennady Vyrko told reporters on 9 August.

IKEA to sponsor enterprise construction in Grodno Oblast

IKEA International Group is eager to invest ?12 million in the construction of a wood-processing enterprise in Svisloch District, Grodno Oblast.

EBRD upgrades Belarus 2011 growth forecast

In comparison with the May forecast the European Bank for Reconstruction and Development has revised upward its outlook for the Belarusian economic growth from 3% to 5%, according to the EBRD’s July press release for 29 countries with economy in transition.

Polish company may invest in sugar factory project in Belarus

Krajowa Spolka Cukrowa S.A. from Poland can become an investor in a sugar factory project in Belarus, the chairman of the Belgospishcheprom concern Ivan Danchenko told reporters.

Belarus wants to raise Azeri capital to develop logistic centers

Belarus would like to raise Azerbaijani investments to develop transport and logistic centers, announced Transport and Communications Minister of Belarus Ivan Shcherbo.

Belaruskali to go IPO

A minority stake in Belaruskali will be offered in foreign stock exchanges, First Deputy Prime Minister Vladimir Semashko told reporters.

Government to put its stake in MTS up for sale

The government’s stake in Mobile TeleSystems (MTS) is expected to go for sale this year, announced the State Property Fund of the State Property Committee.

Lithuanian businessmen to finance Belarus' renewable energy projects

Lithuanian businessmen are ready to invest in Belarus' renewable energy projects, Bronislovas Lubys, President of the Lithuanian Confederation of Industrialists, told reporters on 27 June.

Asahi Glass Compani interested in joint projects with Belarus

Japan’s Asahi Glass Compani concern is interested in joint projects in glass industry with Belarus, said the concern’s director general for CIS Vladimir Shigaev as he met with Belarus’ Prime Minister Mikhail Myasnikovich.

Belarus-China industrial park to focus on biotechnologies, engineering

The Belarus-China industrial park is expected to specialize in three main industries, namely biotechnologies, fine chemistry and engineering, Belarus’ Economy Minister Nikolai Snopkov told reporters on 28 June.

The President of Belarus suggested granting investors the right to use preferential terms given to FEZ

Belarus President Alexander Lukashenko has suggested granting investors the right to use preferential terms given to FEZ resident companies in any region of the country. The head of state made this statement as he visited Santa Bremor and Savushkin Product companies on 23 June.

Turkish Taysad eager to cooperate with Belarus

Turkish Taysad, the Association of Automotive Parts and Components Manufacturers, is interested in cooperation with Belarusian car producers, President of Taysad Association Celal Kaya said as he met with Deputy Chairman of the Mogilev Oblast Executive Committee Vladimir Kravtsov on 21 June.

Belarus invites Israeli companies to Minsk High-Tech Park

Belarus has invited Israeli companies to participate in the development of the Minsk High Tech Park, Minister of Tourism of Israel Stas Misezhnikov told reporters on 21 June.

Belarus, Italy sign agreements in science, education, culture

Belarus and Italy intend to expand relations in science and technology, education and culture. This intention is envisaged in three Belarus-Italy intergovernmental agreements concluded in Trieste on 10 June.

Investment agreement worth $1.2m signed in Postavy

An investment agreement worth $1.2 million and two cooperation agreements were signed at the forum in Postavy, was announced by the Postavy District Executive Committee.

Belarusian-Chinese industrial park near Minsk unveiled

A Belarusian-Chinese industrial park will be set up near Minsk, Prime Minister of Belarus Mikhail Myasnikovich told the press on 1 June.

Lepel Dairy Factory, Russian investor to set up joint cheese company

Lepel Dairy Factory together with a Russian investor will set up a joint enterprise to produce Cheddar cheese, announced the director of the company Alexander Mikhailovsky.

Advisory board on government programs set up in Belarus

An advisory board on government programs has been set up in Belarus in accordance with the Council of Ministers’ Resolution No. 660 of 24 May 2011, announced the press service of the Belarusian government.

Belarus, Slovenia to explore new cooperation avenues

Belarus and Slovenia are set to seek out new ways of cooperation to realize its full potential. This topic has been the focus of attention at a session of the intergovernmental Belarusian-Slovenian commission for trade, economic and sci-technical cooperation.

Belarus, Kazakhstan to implement 5-7 high-tech projects shortly

Belarus and Kazakhstan will implement 5-7 important high-tech projects in the near future, Anatoly Rusetsky, Chairman of the Presidium of the National Academy of Sciences of Belarus, said after the negotiations in Astana on 25 May

Belarus to explore Austrian experience in energy efficiency

Belarus will explore the Austrian experience in energy conservation and efficiency, the deputy chairman of the State Committee for Standardization - Director of the Energy Efficiency Department Leonid Shenets said when speaking at an international scientific conference “Alternative sources of raw materials and fuels” in Minsk.

Russia ready to buy Belarus’ interest in Beltransgaz for $2.5bn

Russia is ready to pay $2.5 billion for the Belarusian stake in the Beltransgaz Company, Belarus Premier Mikhail Myasnikovich told media on 20 May.

Polish companies interested in joint ventures in Belarus

The analysis of the development of relations between North-Western regions of Poland and Belarus proves that Poland is vigorously penetrating Belarus’ market, media learned from Consul General of Belarus to Poland Ruslan Yesin who is taking part in the Gomel Economic Forum.

Czech, Latvian investors to set up joint ventures with Vitebsk Evistor

Czech and Latvian investors are interested in cooperation with Vitebsk-based plant Evistor. The protocols of intention to set up joint companies were signed during the innovation-investment forum “Innovation Business – Investment in the Future” in Vitebsk on 20 May.

Belarus to produce Italian cheese

A plant to produce Italian cheese will be built in Belarus, Agriculture and Food Minister of Belarus Mikhail Rusyi told media on 19 May.

Ikea goes to Belarus, not Russia, to supply Russia

Belarus rarely attracts foreign capital so the ?76m that a Lithuanian company has decided to invest in a wood processing hub in the country is a very big deal.

IBRD to allocate $125m to Belarus for energy efficiency projects in 2009-2014

In 2009-2014 the International Bank for Reconstruction and Development (IBRD) will provide Belarus with $125 million in credit facilities for energy efficiency projects.

Belarus seeking investors for merchant marine development

Belarus is in talks over attracting investors from Spain and Portugal for the development of a merchant marine fleet, announced Transport and Communications Minister of Belarus Ivan Shcherbo.

Lithuanian businessmen interested in agricultural projects in Minsk Oblast

Lithuanian businessmen are interested in implementing agricultural projects in Minsk Oblast, announced Yelena Sushkevich, Deputy Chairwoman of the Economy Committee of the Minsk Oblast Executive Committee.

Belarus to build and upgrade 164 energy facilities running on local fuels by 2016

Belarus will build and modernize 164 energy facilities running on local fuels by 2016. This goal is envisaged in the National Program for the Development of Local Fuels and Renewable Energy for 2011-2015 approved by the Council of Ministers’ Resolution No 586.

Belarusbank raises loan from German banks to finance supply of equipment for Gomeldrev

Belarusbank signed a credit agreement to the tune of more than $40 million with a consortium of German banks to finance the supply of equipment for Gomeldrev.

Belarus may become logistics center of Eastern Europe

Belarus may become the logistics center of Eastern Europe, American economist, professor from San Francisco University Peter Young told the First National TV Channel on 14 May.

Investment agreement to build Zelva condensation power plant to be signed by late 2011

The investment agreement to build the Zelva condensation power plant in Grodno Oblast, will be signed by the end of 201, announced Mikhail Luzgin, Deputy Director General of the Belarusian state power engineering corporation Belenergo.

Belarus to set up new car production facility

A new car-making company will be established in Belarus, Deputy Head of the Chief Innovation and Investment Department of the Industry Ministry of Belarus Valery Fishman told reporters on 12 May.

Belarus to set up regional venture companies

In the next five years Belarus is planning to set up a modern network of regional venture capital companies and funds, the chairman of the State Committee on Science and Technology of Belarus Igor Voitov said at a press conference in Minsk.

Belarus to invite foreign investors to create center for electronics, laser technologies

Foreign investors will be invited to take part in the project to set up a center for microelectronics and laser technologies in Belarus, Chairman of the State Science and Technology Committee of Belarus Igor Voitov told media on 12 May.

Belarus to make unmanned aircraft in job lots

Belarus plans to start batch production of unmanned aircraft and export them, Sergei Rakhmanov, Deputy Chairman of the Presidium of the National Academy of Sciences of Belarus, told the press on 12 May.

Belarusian Belbiopharm aims to accomplish major investment projects

Enterprises of the Belarusian pharmaceutical concern Belbiopharm plan to accomplish 16 major investment projects in the current five-year term, Belbiopharm President Mikhail Cherepok told media on 10 May.

Belarus, China to implement new joint projects worth $1.5bn

Belarus has plans to sign agreements with China to fulfill new major joint projects estimated at $1.5 billion in 2011, Deputy Prime Minister of Belarus Anatoly Tozik said as he met with member of the Central Committee of the Communist Party of China, Communist Party Secretary of the Inner Mongolia Autonomous Region Hu Chunhua on 10 May.

Vitebsk Oblast to implement around 200 projects with Russian investors

There are plans to implement around 200 projects together with Russian investors in Vitebsk Oblast in the next two years, Chairman of the Vitebsk Oblast Executive Committee Alexander Kosinets told media on 6 May.

Druskininkai to host Belarusian-Lithuanian Economic Forum 12-13 May

The seventh Belarusian-Lithuanian Economic Forum will be held in the town of Druskininkai on 12-13 May. It will bring together over 400 representatives from the regions of Belarus and Lithuania.

Belarus gets down to $125m WB-financed energy-saving project

Belarus is about to start implementing an energy-saving project worth $125 million. The project is financed by the World Bank, Leonid Shenets, Director of the Energy Effectiveness Department of the State Standardization Committee of Belarus, told the press on 5 May.

Belarusian Industry Ministry to invite foreign companies to major investment projects

The Belarusian Industry Ministry intends to invite foreign companies to take part in realizing its major investment and innovation projects that will be accomplished in 2011-2015. The information was released by Dmitry Korchik, Head of the Central Office for Innovations and Investments of the Industry Ministry, on 5 May.

New companies with foreign shares to be set up in Belarusian farm sector

New companies with foreign shares will be set up in the agribusiness industry of Belarus, Deputy Prime Minister Valery Ivanov told reporters.

Belarus plans to reduce GDP energy intensity by 2016

By 2016 Belarus plans to reduce the GDP energy intensity to some 200-208 kg of oil equivalent per $1,000, deputy chairman of the State Committee for Standardization of Belarus and director of the energy efficiency department Leonid Shenets told reporters.

Investment in Belarus’ gas pipeline system in excess of Br1tn in 2006-2010

Investment in the gas pipeline system of Belarus made up nearly Br1.1 trillion in 2006-2010.

Belarus’ delegation in Czech Republic on a visit

The 3rd session of the Belarusian-Czech mixes commission for economic, industrial and sci-tech cooperation will take place in Prague on 5-6 May, announced the press service of the Foreign Ministry of Belarus.

Belarus, Lithuania sign memorandum of cooperation in IT

Belarus and Lithuania signed a memorandum of cooperation in information technologies, Director of the Department of Information of the Transport and Communications Ministry of Lithuania Gytis Liaugminas told the ONT TV Channel.

French company eager to cooperate with Belarus in flax industry

A big French company has put forward a proposal for Belarus to implement a joint project in flax industry, Deputy Agriculture and Food Minister of Belarus Vasily Pavlovsky told a press conference on 28 April.

India ready to invest in Belarus’ pharmaceutical industry

Indian investors are ready to finance the construction of several pharmaceutical manufactures in Belarus, announced academician of the Department of Chemistry and Earth Science of the National Academy of Sciences of Belarus, Professor Sergei Usanov.

Belarus plans to set up innovative holding companies

Belarus is planning to set up innovative holding companies in the next five years, the chairman of the State Science and Technology Committee of Belarus Igor Voitov told media in Minsk.

Grodno-based company to develop publishing software

A regional center to develop publishing platform software opened in Grodno on 25 April at premises of the manufacturing office of IntexSoft company, a resident of the High-Tech Park, IntexSoft Director Vasily Yavorchuk told media.

Finland invests 5m EURO in FEZ Grodnoinvest

A group of Finnish companies is investing in the construction of three new companies in the Grodnoinvest free economic zone (FEZ Grodnoinvest), said Deputy Head of the FEZ Administration Dmitry Rozhkov.

Italian businessmen to produce cheese in Chernobyl-hit regions

Italian investors are keen to create small businesses to manufacture and process agricultural products in the regions affected by the Chernobyl disaster, announced deputy chairman of the House of Representatives’ Permanent Commission for Education, Culture, Science and Technical Progress Alexander Shatko.

Chinese companies ready to participate in Belarus’ innovation development program

Chinese companies are ready to participate in projects of the new state innovation development program of Belarus for 2011-2015, the draft of which is being finalized now.

Finance Ministry: Investors’ interest in car assembly in Belarus will increase

The interest of investors in opening car assembly plants in Belarus will increase, the chief of the main tax policy and budget revenue department of the Finance Ministry, Dmitry Kijko, told reporters.

Belarus, Iran to step up cooperation in agribusiness

Belarus and Iran plan to step up cooperation in agribusiness, announced the press service of the Belarusian Agriculture and Food Ministry.

Belarus to set up 209 major innovative enterprises within five years

During the current five-year terms 209 major innovative enterprises will be set up in Belarus, Prime Minister of Belarus Mikhail Myasnikovich told media on 20 April as he analyzed the progress in putting together a state program for the country’s innovative development in 2011-2015.

EDB grants $63.5m to Osipovichi Carriage Works

The Eurasian Development Bank (EDB) has signed an agreement to open a $63.5 million credit line to the Osipovichi Carriage Works as part of the production project of freight railway transport, tank containers and their maintenance.

Belarus to build 385MW wind farms by 2015

In 2011-2015 Belarus plans to construct wind farms with a total electric capacity of 265-285MW, chairman of the permanent commission for economy, budget and finances of the Council of the Republic of the National Assembly of Belarus Vadim Popov said in an international conference, Securing Energy Stability of Companies and Opportunities to Use Alternative Energy Resources, in Minsk on 19 April.

Chinese investor interested in logistics center near Grodno airport

A Chinese company is interested in setting up a transportation and logistics center near the Grodno airport, said Dmitry Rozhkov, deputy head of the administration of the free economic zone Grodnoinvest.

Belarus in talks with Russia over biotechnology park

Belarus is in negotiations with Russian companies over creation of the Biograd national park of nanotechnologies, biotechnologies and pharmaceutics, head of the science and innovations department of the Economy Ministry of Belarus Dmitry Krupsky told reporters.

Major European company ready to build tire recycling plant in Belarus

Major European company Balkan Advisory Company is ready to build a plant in Belarus to process old tires, announced the press service of the State Committee for Science and Technology of Belarus.

Major Israeli investor ready to partake in Belarus’ agribusiness projects

Rafael Eitan, a major Israeli businessman, a co-owner of the Israeli company Reesimex and the Cuban company Grupo Bm, is ready to take part in agribusiness projects in Belarus. Rafael Eitan made the relevant statement for mass media before he met with Prime Minister of Belarus Mikhail Myasnikovich on 13 April.

Investors’ interest in Belarus still high

There are plans to implement investment projects worth a total of 840 million EURO in Brest Oblast in the current five-year term, Brest Oblast Governor Konstantin Sumar told media at the opening of the 4th Brest Investment Forum on 13 April.

Polish Ambassador: Grodno Oblast appeals to Polish investors

Grodno Oblast is attractive for Polish investors, Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to the Republic of Belarus Leszek Szerepka told reporters in Grodno on 8 April.

Belarus to use local fuels to generate 28-30% of energy by 2015

Local fuels will be used to generate 28-30% of the energy Belarus needs by 2015, First Vice Premier of Belarus Vladimir Semashko told a press conference on 7 April.

Dutch investor to build hotel in Minsk

Minsk City Hall has signed an investment agreement with a company, which is based in the Netherlands, to build a hotel complex in Minsk. The investments are estimated at about $60 million.

State share in Belarusian MTS up for sale

The state share in the Belarusian mobile company MTS will be available at an international tender, Vice Premier of Belarus Anatoly Kalinin told media on 8 April.

World Bank experts examine Belarusian companies to be privatized

Experts of the World Bank have visited 13 Belarusian open joint-stock companies, which are earmarked for privatization, Natalia Zhernosek, Director of the State Property Fund of the State Property Committee of Belarus, told media on 7 April.

Belarus to implement $1.77 billion worth of investment projects in 2011

Belarus is set to implement over 80 major investment projects to the tune of more than $1.77 billion in 2011. The list of the projects was adopted by Resolution No. 430 of the Council of Ministers of 4 April.

Microsoft to open office in Belarus in April

Microsoft Corporation is eager to open an office in Belarus in April, Mikhail Makhanek, representative of Microsoft in Belarus, told reporters on 5 April.

WB ready to support forestry development in Belarus

The Forestry Ministry of Belarus counts on the World Bank support within the regional program, Improving Forest Law Enforcement and Governance (FLEG) of the Eastern Member-States of the European Neighborhood Policy and Russia. The statement was made in a meeting between First Deputy Forestry Minister Fyodor Lisitsa and head of the FLEG regional program Andrew Mitchell who is in Minsk on a working visit.

Germany willing to buy carbon offsets from Belarus

Germany’s Michael Otto Foundation is ready to buy carbon offsets from Belarus worth ?3-5 million, the director of the public birds’ protection organization of Belarus Viktor Fenchuk told reporters.

Agency for Investments and Privatization de facto operational in Belarus

The Investments and Privatization Agency is de facto operational in Belarus, Belarusian Economy Minister Nikolai Snopkov told media on 31 March.

Share of high-tech products in Belarus’ exports to rise six times in five years

The share of high-tech products in Belarus’ exports is expected to increase six times at the minimum in the current five-year period, Economy Minister of Belarus Nikolai Snopkov told reporters on 31 March.

Belarus tightens fiscal and monetary policies

The Belarusian government and the National Bank are taking economic policy measures to curb the domestic aggregate demand and ensure the balanced development of the economy. The National Bank has tightened the monetary management policy by using the available means, announced representatives of the Belarusian Finance Ministry.

More efforts to attract investments to Belarus

More efforts will be put into improving the investment climate and the investment attractiveness of Belarus. The topic was discussed at a regular session of the workgroup tasked with forming a favorable investment image of the country abroad on 30 March.

Strabag ready to construct mining and processing enterprise at Sitnitsa deposit

The Austrian concern Strabag is ready to partake in the construction of a mining and processing enterprise at the Sitnitsa deposit of building stone in Belarus, Deputy Natural Resources and Environment Minister Anatoly Lis told media on 30 March

Belarus to inject $500,000 in tourism industry in 2011

Belarus is set to invest Br1.5 billion in the promotion of tourism industry in 2011. This is stipulated by the state tourism promotion program for 2011-2015 adopted by the Council of Ministers

Gomel Oblast may look for new investor for cement plant project

Gomel Oblast is considering attracting a new investor for the investment project to develop Podkamenie and Shirokoye chalk deposits and build a cement plant with the engineering, transport and social infrastructure, announced the chairman of the Gomel Oblast Executive Committee Vladimir Dvornik

World Bank experts to visit Belarusian companies on 2011-2013 privatization list

A team of World Bank experts will visit the Belarusian enterprises, which are supposed to be privatized in 2011-2013, announced the press service of the State Property Committee of Belarus after top executives of the committee met with World Bank experts earlier on 24 March.

Belarus approves privatization plans for 2011-2013

Belarus has approved the privatization plan of enterprises owned by the Republic of Belarus, and the plan to transform the republican unitary enterprises into joint stock companies in 2011-2013.

Belgospischeprom, German Uniferm sign investment contract to build yeast factory

The Belarusian state food industry concern Belgospischeprom and the German company Uniferm have signed an investment contract to build a yeast factory in Slutsk District.

Over 800 dairies to be built in Belarus in 2011-2015

Belarus plans to build 875 dairies and implement upgrade projects at more than 1350 national dairies in 2011-2015.

Russian investors to build logistics terminal in Verkhnedvinsk District

Russian investors have plans to construct a logistics terminal in Verkhnedvinsk District, on the border between Belarus and Latvia, announced Deputy Vitebsk Oblast Governor Oleg Matskevich.

Belarus may earn on seed export

Belarus may make money on the export of seeds, Prime Minister of Belarus Mikhail Myasnikovich said as he visited the Natalyevsk Company during his working trip to Cherven District on 19 March.

Number of primary accounting documents to drop in Belarus

The number of types of primary accounting documents used by Belarusian businesses for economic operations will be drastically reduced, said representatives of the Belarusian Finance Ministry as they commented on the Belarus president decree “Peculiarities of using primary accounting documents” of 15 March 2011.

Belarus plans to raise $9mn from GEF for new environmental projects

Belarus expects to raise about $9 million from the Global Environment Facility (GEF) for new environmental projects, said Alexander Rachevsky, the chief of the international cooperation department of the Ministry of Natural Resources and Environment.

Poland invited to construct sugar mill in Mogilev Oblast

Mogilev Oblast invites Polish investors to partake in the construction of a sugar mill near Bobruisk, Chairman of the Economy Committee of the Oblast Executive Committee Nikolai Dudinsky said in a meeting between the local authorities and Polish journalists on 18 March.

Foreign companies show interest in Belarus’ mining projects

Foreign companies are showing keen interest in the mineral deposit development projects of Belarus, Vladimir Tsalko, Minister of Natural Resources and Environmental Protection.

Minsk Oblast eager to cooperate with Poland

Minsk Oblast is interested in cooperating with Poland in vegetable processing and fish farming, said Minsk Oblast Governor Boris Batura as he met with Polish journalists.

Belarus announces tenders for development of brown coal deposits

Belarus has announced open international tenders to find investors for development of brown coal deposits in Brinevo, Zhitkovichi and Tonezh.

Eco Clean Energy to build waste recycling plant in Minsk

Eco Clean Energy (Czech Republic) is set to build a waste recycling facility with plasma reactor in Minsk. Minsk Mayor Nikolai Ladutko and chairman of the supervisory board of the Czech company Vaclav Aubrecht signed the relevant investment agreement at the Minsk City Hall on 16 March.

New confectionary company to be built in Belarus

A new confectionary will be built in Belarus, Chairman of the Belgospishcheprom Concern Ivan Danchenko told reporters in Minsk on 16 March. The progress made by the concern in reaching foreign trade surplus as well as its investment attraction policy were considered at a session of the Council of Ministers Presidium.

Sberbank ready for more projects in Belarus

Sberbank of Russia is ready to implement another set of big projects in Belarus, Chairman of the Board of Sberbank of Russia German Gref told reporters on 10 of March.

Belarus announces tender for development of Sitnitsa deposit of building stone

Belarus has announced an open international tender to select an investor for the project to develop the Sitnitsa deposit of building stone and construct a mining and processing enterprise, announced the Ministry of Natural Resources and Environmental Protection.

Belarus in talks with Belgium, France, Japan over flax processing

Belarus is in talks with companies from Belgium, France and Japan over creation of joint enterprises to process flax rotted straw and flax fibers, Minister of Agriculture and Food of Belarus Mikhail Rusyi said at a session of the CIS Intergovernmental Council for Agriculture.

Belarus eases price control from 1 March

The law on price liberalization takes effect in Belarus on 1 March. Corresponding decree No 72 “On the issues of regulating prices (tariffs) in the Republic of Belarus” was signed by Belarus President Alexander Lukashenko on 25 February.

Decree No 75 provides additional opportunities for regions to raise foreign investment

Decree No 75 “On external borrowings of local government and self-government bodies” provides additional opportunities for the regions to raise foreign investment, announced the deputy chief of the financial department of the Minsk City Hall Nikolai Dubovik.

Belarus to reduce share of dominant energy supplier to 70% in 2015

Belarus will be working to diversify supplies of oil, natural gas, electricity and coal, and reduce the share of the dominant energy supplier in the gross energy consumption to 70-71% by 2015. This target is spelled out in the government’s plan of action for 2011-2015.

Belarus, Turkey set up joint business association

Belarusian and Turkish businessmen have set up an association for joint business development. The presentation of the Belarusian-Turkish association BETID, which was attended by Ambassador Extraordinary and Plenipotentiary of Turkey to Belarus Veka Inal, took place in Minsk on 25 February.

Around 30 Belarusian companies may go public in 2011-2015

About 30 Belarusian companies may go public in the next five years, the executive director of the Russian Interfax Business Service Mikhail Matovnikov said during the first Belarusian IR-Forum.

Belarus to put over $8.6bn in energy conservation in 2011-2015

The total financing of the Belarusian national program on energy conservation and the use of local energy resources in 2011-2015 will exceed $8.6 billion, First Deputy Director of the Department for Energy Efficiency of the State Standardization Committee Viktor Akushko said at the international seminar on renewable energy development in Minsk on 22 February.

Implementation of tax-free system is to increase the number of tourists in Belarus

According to the representatives of the Ministry of Trade, the implementation of system of returning the value added tax (tax-free) on the goods acquired by foreign citizens will increase the number of tourists visiting Belarus, retail turnover, foreign currency inflows and contribute to a better image of the state.

First Belarusian IR forum will be held on 25 February in Minsk

The event is aimed at increasing investment attractiveness of the Belarusian enterprises. “The world’s leading international consultants and investors interested in investing in the Belarusian economy will share their experience and give recommendations to improve the investment attractiveness of the Belarusian companies", - the experts said.

Belarus set to raise $6.4b worth of FDI in 2011

According to Deputy Prime Minister of Belarus Sergei Rumas, Belarus is determined to raise $6.4 billion worth of foreign direct investments in 2011.

Belarus drafts decree on liberalization of price formation

According to Deputy Economy Minister of Belarus Andrei Tur, a new decree on liberalization of price formation has been drafted in Belarus.

Antitrust authority to be set up in Belarus

An antitrust authority will be set up in Belarus, Deputy Prime Minister of Belarus Sergei Rumas said at the House of Representatives on 16 February.

Latvia ready to build up economic cooperation with Belarus

Latvia is interested in boosting economic cooperation with Belarus and is ready to undertake necessary efforts, Ambassador of Latvia to Belarus Mihails Popkovs said at the Minsk-Riga investment forum.

Deutsche Bank sees good cooperation opportunities in Belarus

Deutsche Bank sees good opportunities for developing cooperation with Belarus in investment banking, chairman of the board at Deutsche Bank Joerg Bongartz told reporters on 10 February.

No new taxes in Belarus

“No new taxes will be introduced in Belarus,” – announced the Minister of Finance Andrei Kharkovets on the board meeting.

Ministry of Finance to Reduce Income Tax Rates by 2-4%

According to the Minister of Finance, the income tax rate can be reduced by 2-4% in Belarus from 2012. Andrei Kharkovets also does not exclude that income tax rate can be lowered to 18% in the event of the Belarusian economy's positive results and high growth rates.

No taxes on investments and innovations in Belarus starting from 2012

Starting from 2012 investment and innovation in Belarus may not be taxed, Finance Minister of Belarus Andrei Kharkovets said at a session of the ministry.

Belarus to announce tenders to develop brown coal, iron ore and oil shale deposits in March

In March 2011 Belarus will announce open international tenders for selection of investors for the development of brown coal, iron ore and oil shale deposits, announced the spokesperson for the Ministry of Natural Resources and Environmental Protection Yelena Peniaz.

Belarus and Italy discuss joint projects in road construction

The Ministry of Transport and Communications of Belarus has invited Italian companies and banks to participate in road construction and maintenance projects.

Belarus to ease terms of leasing mineral deposits to investors

Belarus is going to improve laws regulating the development of mineral deposits by investors in the near term, announced the Minister of Natural Resources and Environmental Protection Vladimir Tsalko.

Shares of 244 Belarus’ companies to go on sale in 2011-2013

Shares of 244 joint stock companies will be put on sale in Belarus in 2011-2013, announced the State Property Committee.

Innovation and investment bank might be set up in Belarus

The State Committee for Science and Technology initiates the establishment of an innovation and investment bank in Belarus, Chairman of the committee Igor Voitov said at the session of the Presidium of the Council of Ministers of Belarus on 1 February.

Belarus to offer most favorable terms for businessmen and investors

The Government of Belarus is determined to offer entrepreneurs and investors the most favorable terms of doing business, Deputy Prime Minister of Belarus Sergei Rumas said at a session of the Council of Ministers to discuss the draft program of the government’s action plan for 2011-2015 on 1 February.

Belarus to develop competitive financial market

Belarus has plans to develop a competitive financial market capable of meeting the needs of the domestic economy in investment resources, Deputy Prime Minister Sergei Rumas said at the Council of Ministers’ session.

EBRD notes progress in cooperation with Belarus

The European Bank for Reconstruction and Development (EBRD) notes progress in the cooperation with Belarus, Paul-Henri Forestier, EBRD Regional Director for the Caucasus, Moldova and Belarus said as he met with Belarus’ Prime Minister Mikhail Myasnikovich on 31 January.

Belarus accedes to WCO Kyoto Convention

Belarus has acceded to the International Convention on the Simplification and Harmonization of Customs Procedures (revised Kyoto Convention) of the World Customs Organization, announced the press service of the State Customs Committee.

Belarus’ manufacturers of innovative products to get additional benefits

There are plans to provide additional benefits to Belarus’ manufacturers of innovative products, Igor Voitov, Chairman of the State Science and Technology Committee (SSTC), said at a press conference on 24 January.

The first venture projects are determined in Belarus

The State Science and Technology Committee (SSTC) jointly with interested government agencies and departments determined the first projects to be implemented in Belarus with the use of venture funding mechanisms. This was announced on 25 January at a press conference by the chairman of the Committee Igor Voitov.

German investors to launch new bioenergy project in Belarus

The German Fund of Michael Succow is going to launch a bioenergy project in Belarus, announced the press service of the State Science and Technology Committee (SSTC).

Belarus completed the placement of Eurobonds in the value of $ 800 million

The Republic of Belarus has completed placement of Eurobonds in the value of $800 million with a coupon rate of 8.95% and mature date in 2018.

2.5 million euros is planned to attract for creation of joint venture PAGET on timber harvesting in 2011

The Belarusian-Polish venture PAGET on the harvesting of timber in the Vitebsk oblast plans to attract 2.5 million euros by 2011. This was announced on November 19 by the Minister of Forestry Mikhail Amelyanovich.

Venture Fund will be created in Belarus

Management Company “Zubr Capital” operating in Belarus with private equity funds, will create a fund of venture investments. It was announced on 18th of January. by the chairman of the board of directors of the holding "Atlant-M" Oleg Husaenov.

Polotsk is to participate in the new EU project on sustainable energy development

International conference launching the European Union project "SURE: Sustainable energy development in the European Neighbourhood on the way to the" Covenant of Mayors "opens on the 18th of January in Polotsk.

Internet casinos may be set up in Belarus

Legal regulation and introduction of new technologies in the area of gambling business with regard to the organization of gambling in the Internet will be considered at the final stage of the execution of the gambling business development concept in Belarus

Belarus ranks third in GDP growth among the CIS countries

Belarus ranks third in GDP growth among the CIS countries, following Turkmenistan and Uzbekistan as the World Bank analysis report says. The GDP growth in those countries reached 11.7%, 8% and 7%, respectively. According to the World Bank forecast for Belarus to preserve high growth rates among CIS countries at the 8.3% level in 2011-2012.

Belarus has adopted a law on renewable energy sources

The law regulates the state control of the use of renewable energy sources, consolidates the authority of the ministries and other executive and administrative bodies, and determines the rights and obligations of energy producers and the public power supply companies.

Belarus’ international reserve assets will increase in 2011

The international reserve assets growth target will be met in 2011, Piotr Prokopovich, Сhairman of the Board of the National Bank of Belarus, said as he reported to President of Belarus Alexander Lukashenko.

Braslav District to build yacht club, alpine ski track by 2015

Braslav Town Hall proposed to include more than ten investment projects in the Braslav District development program, announced Deputy Chairman of the Braslav Town Hall Valentina Vysotskaya.

New rules of timber trading on domestic market approved

New rules of timber trading on the domestic market have been approved in Belarus. They broaden the rights of producers and consumers of timber products according to the decree of the President Alexander Lukashenko signed on the 1st of January, 2011.

Directive No 4 creates favorable conditions for business

Directive No 4 “On the Development of Entrepreneurship Initiative and Stimulating Business Activity in the Republic of Belarus” is aimed at developing more favorable conditions for business activity, told director of the Brest Oblast Small Business Support Center Vladimir Mazalov.

EBRD opens $10m credit line for Belvnesheconombank to support small business

The European Bank for Reconstruction and Development (EBRD) has opened a $10m credit line for Belvnesheconombank for five years to provide credit support to small and medium-sized businesses.

Belarus’ HTP registers six new resident companies

Belarus’ High-Tech Park (HTP) has registered six new resident companies, was announced by the HTP administration.

EBRD to continue cooperation with Belarus

The EBRD confirms further cooperation with Belarus, announced chief of the EBRD Office in Belarus Valdas Vitkauskas.

Belarus floats RUB7bn worth of government bonds in Russia

Belarus has floated two-year government bonds worth RUB7 billion on the Russian market, reported the Finance Ministry of Belarus.

India invited into Belarus energy projects

Belarus invites India to partake in the upgrading of its energy system, Prime Minister of Belarus Sergei Sidorsky said as he met with Ambassador Extraordinary and Plenipotentiary of India to Belarus Ramesh Chander in Minsk on 22 December. Ramesh Chander completes his ambassador’s mission in Belarus.

Belarus to set up telecommunications satellite consortium

Belarus plans to create a consortium for developing a telecommunications satellite technology, Chairman of the Presidium of the National Academy of Sciences of Belarus Mikhail Myasnikovich told media on 19 December.

Belarusian leasing stock is likely to be created in 2011

Belarus intends to create a leasing stock in 2011. Experts suppose this will liberalize the market by allowing lessors to operate more transparently and setting them free from haunting lessees’ thresholds.

Belarus to float government bonds in Russia on 23 December

The Finance Ministry of Belarus will start floating government bonds on the Russian market on 23 December.

USA analysts praise Belarus’ IT industry

Representatives of top USA analytical centers highly appreciated the advance of the Belarusian IT industry, announced representatives of the High-Tech Park administration.

Belarusbank plans to float $500m of Eurobonds in 2011

Belarusbank plans to float $500 million worth of Eurobonds with the maturity period of three years in 2011, announced Deputy Chairman of the Board of Belarusbank Gennady Gospodarik.

Belarus mulls over biograd project

A project to create a biograd for the production of pharmaceuticals can be implemented in Belarus, Prime Minister of Belarus Sergei Sidorsky said when visiting the Minskintercaps company.

Belarus’ pharmaceutics to get $1bn in investment in 2011-2015

Belarus’ pharmaceutical industry will get $1 billion worth of investments in 2011-2015, Prime Minister of Belarus Sergei Sidorsky said when visiting the Minskintercaps company.

Minskintercaps, Slovak Vita Pharma to implement $46mn project

Belarusian Minskintercaps and the Slovak company Vita Pharma have launched a $46 million project to produce pharmaceuticals, announced Business Development Director of Vita Pharma Nikolai Zemskov.

Belarus, Lithuania to carry out 20 joint projects within two years

The two parties reached an agreement on this issue during the session of the Commission for Scientific and Technical Cooperation, which was held in Minsk on 9-10 December.



The two parties reached an agreement on this issue during the session of the Commission for Scientific and Technical Cooperation, which was held in Minsk on 9-10 December.

Belarusian and Lithuanian scientists are going to carry out joint research aimed at the development of technologies for energy sector, agriculture, building and architecture, ecology and environmental protection. Special priority will be given to such fields as medicine, biotechnologies and energy efficiency. They are of special importance for Belarus as the country plans to raise the level of the technological paradigms in these industries within five years.

According to Yuri Lukashevich, Belarus and Lithuania will provide proportionate financing of joint projects. “According to preliminary agreements, Br200 million would be funneled into the projects, however, these are not final numbers. If the involvement of scientists from both countries grows, more investments will be attracted as well,” Yuri Lukashevich stressed.

Yuri Lukashevich also said that the sessions of the Belarusian-Lithuanian Commission for Scientific and Technical Cooperation are held in compliance with the agreement on scientific cooperation, which was signed in 2008.

Belarusian scientific institutions are promoting partnership with scientific centers in many countries of the world such as Russia, Ukraine, Kazakhstan, England, France, Austria, Germany, India, China, Cuba, Poland, etc. For instance, the National Academy of Sciences has carried out research under agreements and contracts with the development centers in 79 countries of Europe, Asia, Australia, Africa, South and North America.

According to www.belta.by

International experts assessing Belarus’ IP strategy

A team of experts of the World Intellectual Property Organization has arrived in Minsk to assess the draft national intellectual property strategy of Belarus for 2011-2020, told reporters head of the information and methodology department of the National Center for Intellectual Property Valentin Rachkovsky.

Belcoopsoyuz to become supplier for SOK/Inex Partners

The Finnish company SOK/Inex Partners got interested in Belarusian food and suggested to Belcoopsoyuz to become its supplier. The agreement was reached during the talks involving Sergei Sidko, the Chairman of the Board of Belcoopsoyuz, and Hannu Pellinen, Sourcing Director at SOK/Inex Partners.

Belarus to hold tender to choose partner for satellite project

Belarus is likely to hold a tender to choose a partner for a communications satellite project, Minister of Communications Nikolai Pantelei told reporters.

Investments in Belarus’ GDP to reach 37% by late 2015

The share of investments in Belarus’ Gross Domestic Product should reach 37% by the end of 2015, said Vice Premier of Belarus Andrei Kobyakov at a panel session of the Fourth All-Belarus People’s Congress on 6 December.

Belarus may float bonds in Russia in 2010

Belarus does not rule our a possibility of floating government bonds on the Russian market in 2010, told Deputy Prime Minister of Belarus Andrei Kobyakov.

Belarus’ business operation terms improving, UK Ambassador says

Representatives of British business circles that operate in Belarus believe that business operation terms are improving, workforce in Belarus is highly qualified, said Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland to Belarus Rosemary Thomas. The Ambassador was in Grodno on a visit on 3 December.

Grodno region to receive 3.5m Euro within Poland-Belarus-Ukraine program

Nearly 3.5 million Euro will be allocated to Grodno region for the implementation of the projects within the Poland-Belarus-Ukraine technical assistance program, Consul General of Belarus to Bialystok Alexander Berebenya told a press conference in the Grodno region executive committee on 2 December.

No major Belarusian enterprises slated for privatization in 2011-2013

There are no major enterprises in the draft privatization plan for 2011-2013, said Chairman of the State Property Committee of Belarus Georgy Kuznetsov during a hotline session held on 2 December.

Belarus’ gold and foreign currency reserves hit historic high

According to preliminary data in January-November 2010 Belarus’ gold and foreign currency reserves amounted to an equivalent of $6,807.9 million. Calculated using national terms, the figure is the highest one on record.

Belarus' investment climate praised as favorable

Belarus has developed a favorable investment climate, AgriGo Director General Anatoly Mindel said in a ceremony to commission a broiler chickens unit at the Agrokombinat Dzerzhinsky which was built with the use of technology by Israel’s AgriGo company.

Belarus ready to develop all-round cooperation with Hungary

Belarus is ready to cooperate with Hungary in all areas of the economy, told Deputy Foreign Minister of Belarus Valery Voronetsky.

Task group on cooperation with BASF set up in Belarus

A ministerial task group on cooperation with the BASF concern has been set up in Belarus following Premier’s instruction No 148p of 25 November 2010, BelTA learnt from the Council of Ministers’ Office. The group is headed by First Deputy Prime Minister of Belarus Vladimir Semashko.

Belarus’ economy needs brand new technologies

Belarusian economy needs conceptually new technologies, Chairman of the Presidium of the National Academy of Sciences of Belarus (NASB), Mikhail Myasnikovich, told reporters commenting on the draft program on social and economic development of Belarus in 2011-2015.

Belarus to implement eight major investment projects in woodworking industry

Eight major investment projects in the Belarusian woodworking industry are supposed to be implemented in 2011-2015, said Prime Minister of Belarus Sergei Sidorsky as he met with personnel of the Belarusian woodworking company Ivatsevichdrev on 26 November.

Free alienation of shares to accelerate privatization in Belarus

The removal of restrictions on the alienation of shares of joint-stock companies from 1 January 2011 will be able to accelerate privatization in Belarus. The statement was made by Chairman of the State Property Committee of Belarus Georgy Kuznetsov at the online conference “Privatization in Belarus: attracting investments and using state property effectively” on 26 November.

EnterInvest at European Finance Week in Frankfurt-am-Maine

Investment Company EnterInvest took part in a range of events, organized within the European Financial Week in Frankfurt-am-Maine from 15 till 20 November.

New preferences for investors can be enforced through amendments to Decree No 10

Decree No 10 “On additional terms for investment activities in the Republic of Belarus” dated 6 August 2009 may be supplemented by new incentives for investors, the chief of the general directorate of law making activities in economy and ecology of the Justice Ministry of Belarus, Sergei Zadiran, told reporters.

Belarus to get $6.4-6.5bn in net FDI in 2011

In 2011 Belarus is set to attract between $6.4 billion to $6.5 billion of foreign direct investment on a net basis. The target is envisaged in presidential decree No 596 “On the most important targets of the social and economic development forecast of the Republic of Belarus for 2011”, told Deputy Economy Minister Dmitry Golukhov

Germany eager to partake in creating new industrial park in Belarus

Germany is interested in taking part in the creation of a new industrial park in Belarus, Sergei Rakhmanov, Deputy Chairman of the Presidium of the National Academy of Sciences of Belarus, told media after the Belarus Investment Forum in Germany on 24 November.

Belarusian parliament ratifies agreement with Nordic Investment Bank

The House of Representatives of the National Assembly of Belarus ratified an agreement with Nordic Investment Bank on 24 November.

Gomel region may set up industrial park for Chinese investments

An industrial park to develop Chinese high-tech manufactures can be set up in Gomel region. The region’s authorities have been authorized to choose a site for its construction, Prime Minister of Belarus Sergei Sidorsky said in the meeting of the oblast delegates for the Fourth All-Belarus People’s Congress on 23 November.

Belarus to adopt privatization plan in 2010

The privatization plan for 2011-2013 will be adopted in Belarus this year, representative of the State Property Fund of the State Property Committee Anna Korniyevich stated in a meeting with the heads and representatives of the trading and economic services of the foreign institutions accredited in Belarus on 24 November.

Belarus’ first venture projects estimated at $3-5 million each

The amount of financing of the first venture projects in Belarus will range from $3 million to $5 million each, Igor Voitov, Chairman of the State Committee for Science and Technology, told reporters.

Belarus Investment Forum in Germany arouses big interest among foreign partners

Belarus Investment Forum in Frankfurt am Main has caught the interest of foreign investors, Foreign Minister of Belarus Sergei Martynov said in an interview to Belarus TV.

Austrian Trust Fund to allocate grant to Belarus to support privatization

The Trust Fund of the Ministry of Finance of Austria intends to allocate a grant to Belarus to support privatization in the country. This topic was discussed at a meeting between specialists of the State Property Committee and the World Bank.

Belarus signs about 20 investment agreements worth $2.7bn in Germany

About 20 investment agreements worth $2.7 billion were signed at the Belarusian Investment Forum in Frankfurt am Main, Prime Minister of Belarus Sergei Sidorsky told reporters.

Sberbank to set up FDI Fund for Belarus

Sberbank of Russia has plans to set up a foreign direct investment fund (FDI Fund) for Belarus, Chairman of the Board of BPS-Bank Vasily Matyushevsky told reporters on 19 November.

Italy to develop industrial district in Brest

Many Italian businessmen state their readiness to partake in the project on developing an Italian industrial district in Brest, Ambassador Extraordinary and Plenipotentiary of Italy to Belarus Arnaldo Abeti told a press conference on 18 November.

Chinese, U.S. venture business interested in Belarus innovation projects

Venture business of the United States and China are interested in Belarusian innovation projects, Director of the Belarusian Innovation Fund Anatoly Grishanovich told media on 18 November.

Belarus, WB sign $150m agreement

A $150 million agreement between the Republic of Belarus and the World Bank was signed in Minsk on November 19.

Prospects of Belarusian IPO at Frankfurt Stock Exchange under discussion

Prospects of an initial public offering of Belarusian securities at the Frankfurt Stock Exchange were discussed in Germany on 16 November, announced representatives of the State Property Committee of Belarus.

IMF: Belarus remains solvent

Belarus remains a solvent country, head of the IMF mission in Belarus Chris Jarvis told reporters. “I am absolutely sure that Belarus is a solvent country. The level of your external debt remains low compared with other European emerging economies,” Chris Jarvis said.

HTP proceeds from sale of computer software up 40% in January-September 2010

In January-September 2010 the High-Tech Park’s proceeds from the sale of software were up 40% over the same period in 2009.

National Exhibition Center project to be presented at Investment Forum in Germany

The Minsk City Council will present an investment project on the construction of the National Exhibition Center with relevant infrastructure and shopping malls in the Minsk suburban area of Shchemyslitsa of at the Belarus Investment Forum in Frankfurt am Main on 17 November.

Lukashenko to discuss National Agency for Investment and Privatization

President of Belarus Alexander Lukashenko will hold a meeting to discuss the issues regarding the establishment and activities of the National Agency for Investment and Privatization.

Venture investors association set up in Belarus

A non-governmental organization, “The BAVIN business angels and venture investors association”, has been registered in Minsk.

Belarus up 29 points on Legatum Prosperity Index

Belarus rose 29 points to 54th position on Legatum Prosperity Index which ranks prosperity across 110 nations (in 2009 Belarus was 85th.

Belarus may build waste incinerators

Waste incinerators will be built in Belarus, Sergei Kuzmenkov, Head of the Waste Treatment Office of the Belarusian Natural Resources and Environmental Protection Ministry, told a press conference on 10 November.

EC allocates 10 mln Euro to help Belarus enhance its energy sector

The European Commission has allocated ?10 million worth of financial assistance to help Belarus make its energy sector more efficient.



The European Commission has allocated €10 million worth of financial assistance to help Belarus make its energy sector more efficient.

Funding will be allocated to support energy-saving technologies in the sectors of consumer goods and industrial products in Belarus. The financial assistance will also be used to improve relevant laboratories and standardization programs in energy efficiency.

The program also provides for a series of pilot projects, and regional information campaigns to raise public awareness about the main problems of the energy sector.

Funding is provided through the European Neighborhood and Partnership Instrument. Except Belarus, the program brings together 16 countries – EU partners bordering the EU to the east and south.

According to www.belta.by

Belarus to present logistic projects at investment forum in Germany

Belarus will present 8 construction projects of future transport and logistic centers at the investment forum in Frankfurt am Main, Head of the Office for Strategic Development, Coordination and Investments of Transport Systems of the Belarusian Transport and Communications Ministry Pavel Bozhanov announced on 9 November.

New biogas facility comes on stream in Brest

A new facility in Brest has started producing biogas from municipal waste and sewage sludge, Alexander Delesevich director general of the Brest city housing and utilities company .

Belarus-IMF cooperation prospects discussed in Minsk

Prospects of future cooperation between Belarus and the International Monetary Fund were discussed at a meeting at the Belarus President Administration on 8 November, announced representatives of the Administration.

Gomelsteklo seeks to raise FDI for two projects worth 98 mln Euro

Gomelsteklo seeks to raise foreign direct investment for two investment projects worth 98 mln Euro, First Deputy Minister of Architecture and Construction of Belarus Mikhail Abramchuk told reporters.

Belarusian agriculture called the most promising investment area

Agriculture and food industry of Belarus provoke the deepest interest among foreign investors, chief specialist in M&A and Investment Banking at Alfa-Bank Belarus Oleg Andreev told at a press conference in Minsk on November 8.

Standard & Poor’s assigns B+ credit rating to Belarus’ future Eurobond issue

Standard & Poor’s Ratings Services has assigned its “B+” long-term senior unsecured debt rating to the proposed US dollar notes that will be issued by the Republic of Belarus.

EDB to allocate Belarus $2bn in loans to finance power engineering projects

The Eurasian Development Bank (EDB) plans to allocate up to $2 billion in loans to finance development projects in the Belarusian power engineering industry, chairman of the board of the EDB Igor Finogenov announced on November 3.

Belarus takes the 68th position in the 7th annual report "Doing Business 2011".

The World Bank has published the 7th annual report "Doing Business 2011". According to a study, Belarus has won the 68th position out of 183 countries and has lost four positions this year.

British Blackfish Capital Management Ltd ready to finance Belarusian IT projects

A British investment group Blackfish Capital Management Limited is interested in financing the Belarusian IT projects, announced in the High-Tech Park Administration.

Commerzbank AG: Belarus can improve its Doing Business rating

Belarus has every chance to improve its Doing Business rating, Commerzbank AG representative Per Fischer said at the Minsk Forum on 4 November.

Iran’s Kayson to invest 250 mln Euro in new hotel and business center in Minsk

The Kayson company from Iran will invest 250 Euro million in the construction of a Magnit multifunctional hotel and business center in Minsk. The investment agreement was signed in the Minsk City Hall on November 2.

IMF mission starts working in Belarus

An IMF mission has started working in Belarus on 3 November, announced IMF Office in Belarus.

Easier land allocation for tourism investors in Belarus

There are plans to stop using auctions to allocate land for building tourism infrastructure in Belarus. The option is laid down by the draft decree, which is aimed at developing Belarus’ tourism services export, announced Andrei Martynov, Deputy Director of the Tourism Department of the Belarusian Sports and Tourism Ministry.

Serbia keen on cooperation with Belarus in construction, transport, tourism

Serbia is interested in extending cooperation with Belarus in construction, transport and tourism, said Director of the Serbian Chamber of Commerce Milos Jelic at the 4th session of the business council of the Belarusian Chamber of Commerce and Industry (BCCI) and the Serbian Chamber of Commerce on 2 November.

German businessmen interested in Belarusian alternative energy sources

German businessmen are interested in investing in the development of alternative power engineering in Belarus, said head of a delegation of German businessmen and deputy head of the Eastern Europe Department of Germany’s Federal Ministry of Economics and Technology Wolfgang Gerstmann as he met with the Mogilev Region Vice-Governor Vladimir Kravtsov.

Belneftekhim to present three projects in Frankfurt am Main

The Belneftekhim petrochemical concern plans to attract foreign direct investment in the projects of Grodno Azot, the Mogilev Artificial Fiber Plant, Rechitsa Textile, deputy head of the department for promising development and investment of the Belneftekhim Concern Dmitry Avrach said during a video briefing in Minsk on 1 November.

Belarus to present over 100 projects in Frankfurt am Main

Belarus will present more than 100 projects at the investment forum in Frankfurt am Main. All in all, around 170 projects were considered in the course of preparations for the forum, Igor Kamalov, deputy director of the National Investment Agency, told reporters.

Minsk region to present projects worth over $100 mln at investment forum in Germany

Minsk region will present two investment projects at the Belarus Investment Forum in Frankfurt am Main, Germany. The projects provide for building a transportation and logistics center and a milk whey processing factory, Deputy Chairman of the Minsk Oblast Executive Committee Alexander Yermak told media on 28 October.

Franck Muller takes over Minsk Watch Plant

Switzerland’s Franck Muller has bought out the shares of the Minsk Watch Plant, Chief of the General Directorate for Innovations and Investments of the Industry Minister Dmitry Korchik told reporters on 27 October.

The Ministry of Forestry companies plan to attract more than $200 million of investments in the next five years

Enterprises of the Ministry of Forestry plan to attract more than $200 million of investments in 2011-2015 announced October, 26 Deputy Minister of Forestry Alexander Korbut.

Belarusian Finance Ministry to issue $1bn worth of eurobonds in Q4 2010-2011

The Belarusian government has tasked the Finance Ministry with issuing up to $1 billion worth of long-term public bonds in Q4 2010-2011 abroad, with the maturity period of at least five years, told representatives of the Council of Ministers Office.

Minsk plans to launch construction of waste recycling plant in 2011

Construction of a waste recycling plant is planned to be launched in Minsk in H2 2011, Nikolai Dremchuk, director general of the Public Utilities Company of the Minsk City Hall, told a session in the mayor’s office.

Austria’s Kronospan ready to implement woodworking project in Grodno region

Austria’s Kronospan Holdings Ltd. is ready to implement a woodworking project in Grodno region. This issue was discussed during a meeting between Belarusian Prime Minister Sergei Sidorsky and representatives of the company.

Production of biodiesel fuel in Belarus up 67.2% in January-September

In January -September Belarus produced 608,900 tonnes of biodiesel fuel, up 67.2% from the same period of 2009 announced National Statistics Committee.

China to build high-speed tramline, waste treatment plant in Belarus

Chinese companies are ready to build up a high-speed tramline and a waste treatment plant in Minsk Oblast. These including some other investment projects were discussed in a meeting with the representatives of the China National Technical Import&Export Corporation (CNTIC) in the Minsk region executive committee on 22 October.

Number of administrative procedures for small business in Belarus will fall by more than 7 times

Number of administrative procedures for small business in Belarus will fall by more than 7 times - up to 700-720 from more than 5,5 thousand of the procedures that existed two years ago. This was announced on October 20, Deputy Economy Minister of Belarus Andrei Tur.

IBRD’s annual country investment limit for Belarus up 2.5 times

The International Bank for Reconstruction and Development (IBRD) has increased its annual country investment limit for Belarus 2.5 times, Deputy Economy Minister of Belarus Dmitry Golukhov said at the third Belarusian Conference for Finance and Investment.

Fitch increases ratings for three Belarusian state banks

The international ratings agency Fitch has increased ratings for three Belarusian banks and has changed the outlook for four banks with a share of foreign capital to stable, reads a press release of Fitch Ratings.

Vitebsk Oblast to present its projects at Belarus Investment Forum in Germany

Two large projects will be presented by Vitebsk Oblast at Belarus Investment Forum in Germany, Deputy Chairman of the Economy Committee of the Vitebsk oblast executive committee Konstantin Chernyi told on a press conference on 18 October.

Belarus to Place its Bonds in the U.S. and Asia

Belarus plans to test the U.S. and Asian debt markets, as well as selling ruble-denominated bonds. "We will undoubtedly enter the Asian and the American markets," Finance Minister Andrei Kharkovets said in an interview on October 15 in Moscow, declining to comment on the timing of possible sales.

Additional preferences for investors envisaged in new edition of Investment Code

Additional preferences for investors are envisaged in the new edition of the Investment Code, Deputy Economy Minister of Belarus Vladimir Adashkevich said at the international scientific conference, Problems of Forecasting and State Regulation of Social and Economic Development.

The Statute of the International Agency of Renewable Energy was ratified

At the meeting of The House of Representatives on the 14th of October the Statute of the International Agency for renewable energy sources was ratified.

Energy cooperation between Germany and Belarus reaches a new level

Belarusian-German economic cooperation is strengthened with each passing year. However, according to participants of the IV Day of German Economy, an additional impetus has been given by the liberalization of the legislation of Belarus.

It is planned to attract at least $ 1 billion of foreign investment In Minsk economy in 2010

It is planned to attract at least $ 1 billion of foreign investment In Minsk economy in 2010, announced the Head of the Investment Committee of Minsk Executive Committee Nikolai Ahramenko.

Belarus to install over 100 biogas plants

There are plans to install over 100 biogas plants in Belarus soon, said Vitaly Kulik, First Deputy Natural Resources and Environmental Protection Minister of Belarus, at the opening of the 15th Belarusian Energy and Ecology Forum.

Belarus ready to give Chinese investors wide opportunities

Belarus is ready to provide Chinese investors with the most favorable environment, Belarus President Alexander Lukashenko told central Chinese mass media in an interview on 8 October.

Belarus and China signed $3.5 billion agreement

Belarus and China have signed three loan agreements, eight commercial contracts and two framework agreements on the implementation of bilateral projects in energy, construction, industry, road and transport infrastructure for a total of $3.5 billion. The signing ceremony was held in Beijing during the visit of the Belarusian President to China on October 11.

Foreign capital moves into regions

Number of people wishing to invest in the Belarusian economy increases, the amount of foreign and joint ventures registered in Belarus during this summer proves that fact. Foreign business started to invest not only in Minsk, but also in the other regions of the country. However, experts note that the large investment projects didn’t appear.

Minsk implementing over 50 projects with foreign investment

«Over 50 projects with more than $16 billion of foreign investment are now implemented in Minsk. The Minsk City business center is the largest of them», - said Minsk Mayor Nikolai Ladutko at an international scientific and practical conference «Resources of the large cities – resources for the socio-economic development of the district and the country» on the 7th of October.

EBRD to finance environmental projects in Belarus

«The European Bank for Reconstruction and Development (EBRD) will support environmental projects in Belarus»,- announced Alistair Clark, Corporate Director, Environment and sustainability Department, EBRD.

Belarus will soon create investment climate attractive for any investor, IFC expert says

According to the expert, the IFC has been working jointly with the government of the country for six years already to improve the business climate.

Investors are allowed to indicate in the names of legal entities its belonging to the country

As soon as regulations enter into force, legal entity can be called, for example, "a French roll," "The Turkish business association, etc.

About $850 million is planned to spend on investment in the logistics centers in Belarus

On the creation of logistics centers in Belarus is planned to spend about $ 850 million of investments. This was announced on the 6th of October at the forth plenary session of the Belarusian Transport Congress by The Minister of Transport and Communications Ivan Scherbo.

Company based in Hong Kong received a status of investment agent of the Republic of Belarus

CBT Development (Logistics) Limited Company (Hong Kong, China) received the authority to represent the interests of Belarus in attracting investment.

Belarusian Government plans to attract 6 billion dollars for the development of energy sector

The state project provides 6.03 billion dollars for the realization of state program of development of the Belarusian energy system until 2015, but new investment projects haven’t backed up with real money yet.

Belarus views energy cooperation with Germany as promising

Belarus considers energy cooperation with Germany as promising, Deputy Foreign Minister of Belarus Sergei Aleinik said in a meeting marking the 20th anniversary of the German reunification on 4 October.

IBRD $42.5m loan for rubbish recycling plant construction in Grodno

The construction of a rubbish recycling plant in Grodno will use a $42.5 million loan of the International Bank for Reconstruction and Development. It is envisaged in the international agreement that was approved by Presidential Decree No 501 on 29 September.

Belarus' first bank management fund to be opened at Belinvestbank

Belarus is going to set up its first bank management fund (BMF), according to the Information Office of the National Bank of the Republic of Belarus (NBRB).

Grodno hosting international investment forum

More than 70 investment projects in Grodno Oblast are presented at the 2nd International investment forum, Grodno At the Crossroad of Boundaries, which opened in Grodno on 30 September.

WB ready to help develop Belarusian stock market

The World Bank is ready to provide support to the Belarusian Finance Ministry for the sake of developing the domestic stock market, World Bank Country Director for Ukraine, Belarus and Moldova Martin Raiser said.

WB to allot $30m for Belarus’ energy-saving efforts

The World Bank is expected to grant an additional loan of $30 million to Belarus for the implementation of energy-saving projects, was learnt from head of the project team, Senior Energy Specialist Pekka Salminen.

Trust fund to foster privatization in Belarus

A trust fund will be set up in Belarus soon to foster privatization processes, World Bank Country Director for Ukraine, Belarus and Moldova Martin Raiser said.

WB to discuss economic situation in Belarus with local experts

WB to discuss economic situation in Belarus with local experts. World Bank, investment attraction of Belarus is continuously rising. New changes in taxation system are showing the positive changes in this question.

Unemployment at 0.8% in Belarus

As of September 1 this year the registered unemployment in Belarus remained at the level of 0.8% of the economically active population. It shows positive economic climate in the country.

Belarus Investment Forum in Germany to focus on energy, logistics

Key topics at the Belarus Investment Forum in Germany will be power engineering and logistics, Belarusian Deputy Economy Minister Andrei Tur told media on 3 September. Investment attraction of Belarus is continuously rising.

Belarus to continue improving licensing

The improvement of licensing procedures in Belarus will continue, Deputy Economy Minister Andrei Tur told media as he commented on Belarus president decree No 450 “Licensing of several types of business” on 3 September. The decree was passed on 1 September. It improves general investment attraction of the economy of Belarus.

Belarus to reduce energy consumption by 15-20% in 2011-2015

The energy consumption will be cut down by 15-20% in Belarus in 2011-2015. Investments in infrastructure, renewable energy and efficient production is going to increase to competitiveness of the Belorussian economy.

Belarus to reduce energy consumption by 15-20% in 2011-2015

Belarus remains very attractive investment direction in the region of CIS countries. Good position in Doing Business, comprehensive taxation system, investment attractive law makes the country an attractive place to invest the money.

Belarus to build 34 energy facilities with Chinese loans

Belarus plans to construct 34 energy facilities with the help of Chinese loans, according to Council of Ministers’ resolution No 1210 of 18 August 2010. It shows rising interest of foreign investors to build up a long term investment strategy in Belarus' energy sector.

Four hydropower plants to be built in Belarus in 2011-2015

In 2011-2015 Belarus plans to construct four hydropower plants with the total capacity of over 100MW. It shows the perspectives of Renewable energy investments in Belarus. Good taxation system, favorable alternative energy tariffs, secured investments - it makes favorable investments in energy sector of Belarus.

Foreign currency earnings of Belarusian companies 22% up in January-July

In January-July 2010 foreign currency earnings of Belarusian companies increased by 22% in comparison with the same period of last year to a total of $15.5 billion. Together with good positions of Belarus in Doing Business report, strong GDP growth and active policy in attraction of FDIs makes Belarus very perspective place to invest money today.

Belarus looks to build 300MW wind farms in 2011-2015

Increasing investments in Renewable Energy in Belarus.

Belarus will ensure GDP growth at 10-11%, PM Sidorsky says

GDP of Belarus to rise by 10-11% in 2010. It shows big investments potential of Belarus. Together with favorable tax system and continuously improving law system.

Minsk region executive committee signs 75 investment agreements

The Minsk oblast executive committee has signed 75 investment agreements, Chairman of the Minsk oblast executive committee Boris Batura told a press conference on 19 August.

Foreign investment in Belarus up 4.4% in H1

In H1 2010 foreign investment in the Belarusian economy reached $4.4 billion, up 4.4% over the same period last year, the National Statistics Committee stated.

Belarus to launch venture projects by end of 2010

Belarus plans to launch a number of venture projects by the end of 2010, Director of the Belarus Innovation Fund Anatoly Grishanovich said.

Belarus Government adopts Strategy on Energy Potential Development

Belarus Government adopts Strategy on Energy Potential Development as a step to strength investment policy.

Belarus' GDP up 7% in January-July

In January-July 2010 Belarus’ GDP was up 7% over the same period in 2009 and reached Br83.836 trillion in comparable prices, BelTA learnt from the National Statistics Committee.

NBRB’s refinancing rate down to 11% as from 18 August

The refinancing rate of the National Bank of the Republic of Belarus (NBRB) will be reduced by 0.5 percentage points to 11% per annum as from 18 August. Relevant resolution No 335 of 9 August 2010 has been passed by the NBRB management, representatives of the NBRB Information Office told.

Belarus floats another $400m worth of eurobonds

Belarus has floated another $400 million worth of eurobonds, BelTA learnt from First Deputy Finance Minister of Belarus Vladimir Amarin.

National bank's refinancing rate down to 11% as from 18 August

National Bank of the Republic of Belarus to make loans rate more favorable.

Bank for sale for 530 million Euro

National Bank of the Republic of Belarus is looking in Europe for a strategic investor for a third size state owned bank “Belinvestbank”.

Two large hi-tech parks to be set up in Belarus in 2010

Two large national sci-tech parks are to be opened in Belarus this year, Chairman of the State Science and Technology Committee of Belarus Igor Voitov said in a session of the working commission for sci-tech cooperation between Belarus and the Chinese province Shandong on 2 August.

Chinese corporation to build two traffic interchanges in Minsk

The construction of two traffic interchanges will begin in Minsk this year. The general contractor is the Chinese corporation Beijing Uni-Construction Group, BelTA learned from representatives of the state-run road construction and repairs enterprise Gorremavtodor.

Belarus to float securities on the Asian market in 2010-2011.

In late 2010 – early 2011 Belarus plans to float securities on the Asian market, Chairman of the Board of the National Bank of Belarus (NBRB) Piotr Prokopovich told media on 29 July.

Germany to host Belarusian Investment Forum 17 November 2010

The Belarusian Investment Forum will be held within the framework of the Euro Finance Week in German Frankfurt on 17 November 2010.

Belarus floats $600m worth of eurobonds

Belarus has floated $600 million worth of eurobonds, with a maturity of five years, Finance Minister of Belarus Andrei Kharkovets told media on 27 July.

Goodyear eager to buy Grodno Khimvolokno tire yarn

The US tire and rubber manufacturer Goodyear has expressed an interest in buying tire yarn from the Belarusian company Grodno Khimvolokno, BelTA learned from representatives of Belneftekhim concern.

Remondis-Minsk joint venture to start operating in September

The Remondis-Minsk joint venture will start working in September 2010, Chairman of the Minsk Committee for Natural Resources and Environmental Protection Alexander Borovikov told a press conference in Minsk on 21 July, BelTA has learnt.

Belarus’ tourism industry revenue up

Belarus has been generating more earnings from the export of tourism services, BelTA learnt from Viktor Yakovenko, director of the tourism department of the Ministry of Sport and Tourism.

Profit tax may be reduced to 20% in Belarus

The profit tax will be reduced in Belarus in the future, Dmitry Kiyko, Head of the Central Office for Tax Policy and Budget Revenues of the Belarusian Finance Ministry, told media on 21 July.

Belarus to raise a barrier to the creation of new administrative procedures.

Deputy Minister Andrei Tur promised to raise a barrier to the creation of new administrative procedures.

State administration executives will be personally responsible for the implementation of projects with China.

State administration executives will be personally responsible for the implementation of projects with China.

Belarusian banks come out of financial crisis in better shape than many foreign banks

Belarusian banks came out of the crisis in a better shape than many foreign banks, Craig Bell, IFC Resident Representative for Belarus, told reporters in Minsk.

Refinancing rate down to 11.5% 14 July

The National Bank reduces the rate of refinancing to 11.5% per annual from 14 July 2010, BelTA learnt from the information department of the National Bank of Belarus.

Belarus seeks to improve its position on WB Doing Business rankings

Belarus is working hard to improve its position on the World Bank Doing Business rankings, Economy minister Nikolai Snopokv told reporters.

Customs Union Code to take effect 6 July

The Customs Union Code will take effect in Belarus, Russia and Kazakhstan on 6 July

Prime Minister urges more investment in small-scale power generation

The work on raising investment into small-scale power generation should be stepped up, Prime Minister of Belarus Sergei Sidorsky said.

WB allocates Belarus $42.5m for solid waste management project

Belarus signed loan agreements with the World Bank in the amount of $42.5 million and with Global Environment Facility (GEF) in the amount of $5.5 million for the Integrated Solid Waste Management Project.

China may give Belarus $ 15 billion loan

China is considering to give Belarus a loan of $ 15 billion, said today Chairman of the State Control Committee Zenon Lomat, who is the co-chairman of the Belarusian part of Belarusian-Chinese commission on trade and economic cooperation at the meeting with the official delegation from Beijing, headed by mayor Guo Tszinlunom.

Minsk puts up for auction 26 building lots

According to UE ‘Minsk City Realty Center’ Minsk City Executive Committee approved the list of building lots for provision as a result of auctions. The list includes 26 lots that will be provided as a result of auctions to citizens, entrepreneurs and legal entities for the right to make a lease contract.

Belarusian Investment Forum to take place this autumn.

Belarusian Investment Forum will be held this autumn in Germany (Frankfurt-am-Main).

“Grodno Azot” issued corporate bonds

Joint-stock company "Grodno Azot" is an enterprise of petrochemical complex of the Republic of Belarus. The enterprise specialises on manufacture of liquid ammonia for technical use (976,8 thousand tons a year), nitrogen based fertilizers (urea - 785 thousand tons a year, urea-ammonium nitrate mixture - UAN - 720 thousand tons year, ammonium sulphate - 319 thousand tons a year), methanol for technical use (80 thousand tons a year), caprolactam (111,2 thousand tons a year), bio diesel fuel (200 thousand tons a year) and liquid carbon dioxide (24 thousand tons a year).

By the year 2012 In Belarus will launch about 40 biogas plants

By the year 2010 in Belarus 39 biogas plants with total capacity of 40.4 MW will be put into service. It is the main purpose of the program of the construction of power-suppliers, working on biogas, for 2010-2012, which was approved by Resolution of the Council of Ministers № 885 of June 9.

Belarus allows privatizing of “Belaruskali”

On the 10th of June The Parliament of Belarus excluded “Belaruskali”, the national manufacturer of fertilizers, from the list of enterprises not subject to privatization.

The draft law on investment funds is being prepared in Belarus

The draft law on investment funds is being prepared in Belarus, reported the director of the Department of Securities of Ministry of Economy Alexander Halperin on the 4th of June at a press conference.

“Pastavy dairy plant” seeking an investor for creation of cheese production

JSC “Pastavy dairy plant” intends to implement a large-scale project for creation a cheese production, said the company's director Ivan Yukhno.

Belarus may enter Eurobond market in a week

According to the information from news.tut.by first deputy minister of finance Vladinir Amarin said that Belarus may start selling Eurobonds in the stock markets in a week. The amount of bond floatation may reach $1bn dependent on the list of offers.

Belarus expects investment inflow from Saudi Arabia, Estonia and Ireland

The Republican Council of Belarusian National Assembly passed two intergovernmental agreements for assistance and mutual protection of investment with Saudi Arabia and Estonia.

Morgan Stanley says Euro will fall more

Analysts from Morgan Stanley marked down the forecast of Euro against dollar. They say European currency will fall in the end of the year to $1,16 from $1,24. The forecast review is associated with crisis of Greece debts that undermined investors’ faith in European Central Bank write analysts.

A representative office of the EDB (Eurasian Development Bank) can be opened in May in Minsk

In an interview to RBC daily Bank Board Chairman Igor Finogenov noted that in May the relevant documents will be signed and a representative office of the EDB will be opened in Belarus.

Competition for the creation of a monitoring center for the gaming industry is announced in Belarus

The government of Belarus is planning to create a single control system of Belarusian gambling industry. Developers and solution providers are wanted.

Company EnterInvest took part in the Belarusian-Vietnamese business forum

During the visit of the President of the Socialist Republic of Vietnam, Belarusian Chamber of Commerce organized the Belarusian-Vietnamese business forum on May 14, 2010. EnterInvest took part in this event.

China is actively investing in Belarus

A high dynamics of trade and economic relations with China has been observed recently in Belarus. Many large investment projects are being implemented nowadays by China in Belarus.

New plans of the government of the Republic of Belarus in the alternative energy

“In 3-4 years in every region of Belarus will be built a station on local fuels,” - stated the Prime Minister of Belarus Sergey Sidorsky on the opening of the Belarusian Industrial Forum.