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Topic: Economics

2.09.2008

Total breakdown in government âàæíàÿ íîâîñòü? 29

10:45, — Economics

Total breakdown in government

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.

28.08.2008

Lukashenka to control statistics 14

11:57, — Economics

Lukashenka to control statistics

The Ministry of Statistics and Analysis has been formed into a National Statistics Committee, subject to Lukashenka.

26.08.2008

Prakapovich: “We planted a time-delay bomb for the country” 18

12:57, — Economics

Prakapovich: “We planted a time-delay bomb for the country”

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

Projects on energy efficiency failed: “Neither Chinese nor Iranians came”

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 âàæíàÿ íîâîñòü? 21

12:26, — Economics

Government waiting for disaster: Gazprom “ate” budget surplus

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.

1.08.2008

Belarusian vice premier threatens to cancel gas contract with Russia âàæíàÿ íîâîñòü? 47

12:10, — Economics

Belarusian vice premier threatens to cancel gas contract with Russia

Belarus insists on signing an additional contract to gas pricing “in the connection with essential change of circumstances”.

30.07.2008

Bargain sale goes on: BeST bought by Turks (updated) âàæíàÿ íîâîñòü? 16

2:40, — Economics

Bargain sale goes on: BeST bought by Turks (updated)

Turkey's mobile phone company Turkcell signed an agreement to acquire a 80 per cent stake in Belarusian mobile operator BeST.

27.07.2008

Government getting ready for the worst: gas to cost USD 200 âàæíàÿ íîâîñòü? 34

15:58, — Economics

Government getting ready for the worst: gas to cost USD 200

Gazprom has broken Belarusian negotiators. The responsible bodies have been instructed to prepare the so called pessimistic forecast for 2009.

24.07.2008

Gazprom to decide in October what to do with Belarus 1

16:53, — Economics

Gazprom to decide in October what to do with Belarus

Decision on cooperation with Ukraine and Belarus will be taken at a session of the board of directors in October.

23.07.2008

Petrol prise raised for third time during summer 11

10:53, — Economics

Petrol prise raised for third time during summer

Belneftekhim concern has increased petrol and diesel fuel retail prices at the inner market by 5 per cent.

22.07.2008

Authorities to sell Druzhba pipeline 4

13:11, — Economics

Authorities to sell Druzhba pipeline

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

Disastrous lack of money

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.

16.07.2008

No money to pay for gas? (Video) âàæíàÿ íîâîñòü? 25

19:40, — Economics

No money to pay for gas? (Video)

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.

7.07.2008

Minus 400 million dollars more. Foreign trade balance sliding down 15

9:11, — Economics

Minus 400 million dollars more. Foreign trade balance sliding down

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.

2.07.2008

Russian gas prices can increase in third quarter of 2008 âàæíàÿ íîâîñòü?

9:18, — Economics

Russian gas prices can increase in third quarter of 2008

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.

27.06.2008

Belarusian authorities didn’t pay for Russian gas âàæíàÿ íîâîñòü? 18

8:40, — Economics

Belarusian authorities didn’t pay for Russian gas

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.

26.06.2008

Authorities not ready to pay USD 200 for Russian gas âàæíàÿ íîâîñòü? 15

14:16, — Economics

Authorities not ready to pay USD 200 for Russian gas

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.

24.06.2008

Russian oil price for Belarusian enterprises risen by $100 âàæíàÿ íîâîñòü?

11:18, — Economics

Russian oil price for Belarusian enterprises risen by $100

The cost of oil imported from Russia has risen for Belarus by almost $100 per ton in June as compared to the previous month.

20.06.2008

Belarus’ foreign debt nears critical line 13

17:23, — Economics

Belarus’ foreign debt nears critical line

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 âàæíàÿ íîâîñòü? 51

12:15, — Economics

Large numbers of Belarusians go abroad for work

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

Mikhail Kavalyou: «Hushed creeping Russian privatisation is to be carried out in Belarus very quickly”

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.

19.06.2008

Vice Prime Minister Kabyakou: Prices for Russian gas are to grow

9:30, — Economics

Vice Prime Minister Kabyakou: Prices for Russian gas are to grow

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

400 dollars for gas from next year

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.

18.06.2008

Belarusian style of privatization: state property only for “pocket” firms âàæíàÿ íîâîñòü? 4

15:42, — Economics

Belarusian style of privatization: state property only for “pocket” firms

One of the richest Belarusian enterprises, oil company Univest-M, continues to acquire more assets in Belarus.

11.06.2008

Wages should coincide with European prices 16

16:45, — Economics

Wages should coincide with European prices

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.

10.06.2008

Statement of Russian Ambassador Fear Belarusian Officials

13:32, — Economics

Statement of Russian Ambassador Fear Belarusian Officials

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.

9.06.2008

Russia’s ambassador: Belarus to pay 400 dollars for gas by 2011. 14

13:21, — Economics

Russia’s ambassador: Belarus to pay 400 dollars for gas by 2011.

Aleksandr Surikov, Russia’s ambassador to Belarus, has said today gas prices for Belarus can exceed 200 dollars in 2009.

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