Belarus is simplifying the conditions of setting up private unitary companies by sole traders. President of Belarus signed relevant decrees No 496 and 497 on October 15, BelTA learnt from the presidential press service. As part of a non-monetary contribution to an authorized charter of a private unitary company a sole trader can contribute the goods which had been imported to the country ahead of the day of state registration of a unitary company, without having to go through customs...

Belarus is simplifying the conditions of setting up private unitary companies by sole traders. President of Belarus signed relevant decrees No 496 and 497 on October 15, BelTA learnt from the presidential press service. As part of a non-monetary contribution to an authorized charter of a private unitary company a sole trader can contribute the goods which had been imported to the country ahead of the day of state registration of a unitary company, without having to go through customs...

A draft decree “On some measures of state security” has been submitted for consideration of President of Belarus Alexander Lukashenko, BelTA learnt in the presidential press service. The President instructed to draft the decree when signing the law “On social benefits, rights and guarantees” in action. Since the law abolishes some social benefits the President ordered the Government to develop a draft decree on targeted social assistance listing the eligibility criteria, the order...

In the near future Belarus will not change its policy aimed at strengthening union relations with Russia, even if another president is elected, Belarusian leader Alexander Lukashenko said on October 12 at a press conference for representatives of the Russian regional mass media. “We will pursue the same policy even if someone else from the present-day group of Belarus’ top officials is elected Head of State,” said Alexander Lukashenko. “It is highly unlikely that a representative of...

There is no alternative to building a domestic nuclear power plant in order to ensure the energy security of Belarus. The statement was made by President of Belarus Alexander Lukashenko at a government session dedicated to preparations for building the nuclear power plant on October 11. The head of state remarked, the decision to build the Belarusian nuclear station had been driven not by political ambitions, but by the need to ensure the country’s energy security while reserves of natural...

The National Bank of the Republic of Belarus sees no problems with the Belarusian banks getting external funds to give loans to individuals. The statement was made by Deputy Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Nikolai Luzgin on October 10. In his words, the gap between the build-up of bank resources used for loans and the actual lending has been decreasing lately, which means that the demand of natural persons for loans is growing faster than their...

In January-September 2007, Belarusian banks issued Br4.8 trillion in investment loans, Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Piotr Prokopovich informed President of Belarus Alexander Lukashenko on October 9. The press service of the President of Belarus told BelTA, Alexander Lukashenko had been informed about the fulfilment of the Major National Monetary Management Guidelines over the first nine months of the year. Over the period the Belarusian...

Belarus is engaged in negotiations with Gazprom about the gas prices in 2008, Deputy Energy Minister of Belarus Mikhail Mikhadiuk told reporters on October 9. We are negotiating the gas prices with Gazprom, he said. Mikhail Mikhadiuk believes that the issue will be settled in time. The volumes of gas supplies in 2008 to Belarus will be specified as well.

The Customs Union of the Eurasian Economic Community /EurAsEC/ will be formed by 2011, Belarus’ Vice Minister Andrei Kobyakov said after the EurAsEC summit in Dushanbe. According to him, in line with the plan of actions aimed at forming the EurAsEC Customs Union all the actions are to be fulfilled in 2007-2010. “And in 2010 – at the beginning of 2011 we will complete forming the EurAsEC Customs Union,” Andrei Kobyakov underlined. The adoption of a package of documents at the...

The women’s team of Belarus won the bronze medal of the European basketball championships which finished October 7 in Italy. In the bronze-medal match Belarus beat Latvia 72:63 (16:17, 16:7, 23:13, 17:26). The most valuable players in the Belarusian team were Anastasia Veremeenko (15 [points), Tatiana Troina (13 points) and Natalia Trofimova (12 points). This is the first time Belarus has medaled at the European championships and advanced into the qualifying tournament ahead of the Olympic...