Topic: Economics
Total breakdown in government
29
10:45, — Economics
Minister of agriculture and provision Syamyon Shapira said at a sitting of the Presidium of the Council of Ministers of the agricultural program had been failed.
Lukashenka to control statistics
14
11:57, — Economics
The Ministry of Statistics and Analysis has been formed into a National Statistics Committee, subject to Lukashenka.
Prakapovich: “We planted a time-delay bomb for the country”
18
12:57, — Economics
Construction of dwelling houses without taking into account modern energy saving technologies “is a time-delay bomb for our state,” head of the National Bank Pyotr Prakapovich said.
Projects on energy efficiency failed: “Neither Chinese nor Iranians came”
9
12:38, — Economics
It was revealed at the session of the government that 7 from 22 big energy projects, scheduled to be put into operation in 2008, are under a threat of failing.
Government waiting for disaster: Gazprom “ate” budget surplus
21
12:26, — Economics
The latest data, published by the Ministry of Finance of Belarus, are represented by Russian “Gazeta”. Surplus of the Belarusian budget amounts to USD 1.3 billion, or 4.2% GDP, over seven months in 2008. According to the latest data of the Ministry of Finance, the surplus will reach 2.5% GDP, or USP 1.4 billion till the end of 2008.
Belarusian vice premier threatens to cancel gas contract with Russia
47
12:10, — Economics
Belarus insists on signing an additional contract to gas pricing “in the connection with essential change of circumstances”.
Bargain sale goes on: BeST bought by Turks (updated)
16
2:40, — Economics
Turkey's mobile phone company Turkcell signed an agreement to acquire a 80 per cent stake in Belarusian mobile operator BeST.
Government getting ready for the worst: gas to cost USD 200
34
15:58, — Economics
Gazprom has broken Belarusian negotiators. The responsible bodies have been instructed to prepare the so called pessimistic forecast for 2009.
Gazprom to decide in October what to do with Belarus
1
16:53, — Economics
Decision on cooperation with Ukraine and Belarus will be taken at a session of the board of directors in October.
Petrol prise raised for third time during summer
11
10:53, — Economics
Belneftekhim concern has increased petrol and diesel fuel retail prices at the inner market by 5 per cent.
Authorities to sell Druzhba pipeline
4
13:11, — Economics
The Belarusian government issued a plan of privatisation of state property for 2008-2010. Among the assets, the state is going to sell the next year, are Gomeltransneft-Druzhba pipeline and Druzhba oil transporting republican unitary enterprise in Navapolatsk.
Disastrous lack of money
13:07, — Economics
Iryna Barkouskaya, head of the department of reforming of state ownership of the Fund of State Property of the State Property Committee, said the privatisation in Belarus was caused by necessity to “animate the economy of enterprises” by means of external resources.
No money to pay for gas? (Video)
25
19:40, — Economics
Belarus doesn’t perform its obligations to pay for Russian gas. On 16 June Alexander Ananenkov, deputy head of Gazprom's Management Committee warned the Belarusian authorities on the meeting with Beltransgaz CEO Uladzimir Mayorau that Gazprom might go to court if the Belarusian side doesn’t pay the debt.
Minus 400 million dollars more. Foreign trade balance sliding down
15
9:11, — Economics
Balance of merchandise trade, remaining one of the most difficult problems of the Belarusian economy, has decreased by 400 million dollars more over the last month, and has reached minus 1.748 billion dollars for 5 months against minus 1.323 billion dollars in January-April 2008 and minus 1.488 billion dollars in January-May 2007.
Russian gas prices can increase in third quarter of 2008
9:18, — Economics
Russian gas prices have risen significantly, taking into account recent statement of new Gazprom CEO Viktor Zubkov, it is quiet possible that they will also increase for Belarus in the third quarter of the year. It seems that the Belarusian government thinks the discussion on prices for the second quarter will distract attention from the prices for the third quarter.
Belarusian authorities didn’t pay for Russian gas
18
8:40, — Economics
Belarus doesn’t fulfil its obligations upon payment for Russian gas. “Vedomosti” newspaper reports it with a reference to a source in the government and Gazprom.
Authorities not ready to pay USD 200 for Russian gas
15
14:16, — Economics
Gas prices higher than USD 140 per 1,000 cu m will influence national measures of the country, minister of economy of Belarus Mikalai Zaichanka said at a press conference in Minsk.
Russian oil price for Belarusian enterprises risen by $100
11:18, — Economics
The cost of oil imported from Russia has risen for Belarus by almost $100 per ton in June as compared to the previous month.
Belarus’ foreign debt nears critical line
13
17:23, — Economics
Belarus’ joint external debt as of April 1, 2008 was $13 bn 630 mln, and it has grown by 8% over the first quarter of this year (by $1.007 bn).
Large numbers of Belarusians go abroad for work
51
12:15, — Economics
Soon there will be no representatives of the working class left in Belarus, who are so necessary to realization of ambitious plans of the government to increase the GDP. The reason is banal: it’s the outflow of workers to the neighbouring countries where wages are higher.
Mikhail Kavalyou: «Hushed creeping Russian privatisation is to be carried out in Belarus very quickly”
15
10:13, — Economics
How Russian ruble’s strength would affect the economy of Belarus, and how the country could avoid economic takeover? According to the dean of the economy faculty of the Belarusian State University Mikhail Kavalyou, there is one way out, to stimulate influx of Western, Arabic, Chinese capitals to the country at any cost.
Vice Prime Minister Kabyakou: Prices for Russian gas are to grow
9:30, — Economics
Andrei Kabyakou, Prime Minister of Belarus, has stated that prices for Russian gas are to grow, as they are related to the cost of oil which constantly grows.
400 dollars for gas from next year
9
8:52, — Economics
Gazprom declared new gas prices for Europe: the average price can exceed USD 400 per 1,000 cu m by the end of 2008. Experts don’t exclude Gazprom will offer the same prices to Belarus and Ukraine. Experts think Russia will demand Belarus to allow Russian investors to the economy of our country in return for favourable conditions of supplies. Russian president Dmitry Medvedev will probably discuss this in Brest.
Belarusian style of privatization: state property only for “pocket” firms
4
15:42, — Economics
One of the richest Belarusian enterprises, oil company Univest-M, continues to acquire more assets in Belarus.
Wages should coincide with European prices
16
16:45, — Economics
According to the survey of the European Commission, an average wages in the European Union amounts to 20.25 euro per hour. Belarusian average wage is 1.38 euro.
Statement of Russian Ambassador Fear Belarusian Officials
13:32, — Economics
After transition to average European cost, gas costs for Belarus will be 30% lower than for neighbouring countries, Belarusian vice Prime Minister Andrei Kabyakou has stated today.
Russia’s ambassador: Belarus to pay 400 dollars for gas by 2011.
14
13:21, — Economics
Aleksandr Surikov, Russia’s ambassador to Belarus, has said today gas prices for Belarus can exceed 200 dollars in 2009.
