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Individual heat meters may become obligatory in Belarus Belarus is looking for new approaches to financing the heating modernization of the housing stock. Today, virtually all housing facilities are privately owned by citizens. The modernization improves the consumer quality of housing and increases its market value. A mechanism is being worked out to determine the state involvement in financing this process. The Belarusian Ministry of Housing and Communal Services also intends to oblige consumers...

Belarus' gold and foreign exchange reserves exceeded $7.2 billion The Belarusian economy holds a course for growth. The GDP will grow following the results of the year. The optimistic forecast was voiced by Deputy Prime Minister Vladimir Semashko. Industrial output in the country has increased by 6.1% since the beginning of the year....

President approves draft decree «On development of entrepreneurship» The draft decree «On the Development of Entrepreneurship» was submitted to the President of Belarus for consideration. The key document on liberalization in the economy was presented the day before to Alexander Lukashenko by First Deputy Prime Minister Vasily Matyushevsky. The business environment will pass through fundamental changes. The state will be less get involved in the work of private entrepreneurs, ...

Minsk and Grozny plan to intensify industrial cooperation Minsk and Grozny are planning to step up industrial cooperation. A delegation from the Chechen Republic headed by Ramzan Kadyrov is on a visit to Belarus. The parties intend to discuss the issues of deliveries to Chechnia of Belarusian cargo, passenger and agricultural machinery, as well as food products. The agenda includes meetings with the leadership of our country, bilateral cooperation in general, and the involvement of Belarusian specialists...

... machine-builders explore African market This year, the Belarusian machine-building enterprises increased their export by one third. This has been the best dynamics in the branch over the recent years. Not only general volumes have grown, but also the economy of the economy of the deals. The profitability of the machine-building enterprises over the past half a year has made 9.5% (with the planned 4%). The ministry of industry sees the strategic task in diversification of exports. In particular, this ...

National bank not ruling out possible further reduction of refinancing rate The prices in Belarus till the end of 2017 shall grow within forecast limits – it is 6-7%. The record low inflation gives the National bank reasons to drive at further reduction of the refinancing rate. Deputy chairperson of the Board of the National bank Sergey Kalechitz does not rule out reduction of the key rate as early as this year. Yet the pace of reduction will be not as quick as it used to be. Over the current year...

Council on entrepreneurship development to submit legislative proposals to Council of Ministers directly President of Belarus supported the government's proposal on liberation of business initiative. Novelties regarding craftspeople and agrotourism were discussed at a meeting with the Head of state. The list of types of cottage industry is to be maximally expanded. The owners of facilities for agricultural tourism will get a right to render several additional services – such as to hold wedding...

«Green» capacity in Novogrudok region is 18 MW The most powerful windmill in Belarus started operating in the Novogrudok region. A wind power plant with a capacity of 3.3 megawatts was built by one of the joint Belarusian-Polish companies. The green investment project was also supported by the Belarusian and Danish colleagues. Today, "green energy" is a promising direction in Belarus. Only in Novogrudok district the total «green» capacity is already 18 megawatts, and by 2020 this figure...

President points out importance of organizing retail trade in rural areas and small towns Belarus President Alexander Lukashenko met with Chairman of the Board of OOO Tabak Invest Pavel Topuzidis to discuss the development of the retail store network in Belarus. The project «The Store Next Door» was presented to the head of state. It provides for the construction of retail facilities in the country, including both small shops and large trade centers. Now the construction of a unique complex is...

Pensions of servicemen to grow in Belarus In Belarus, the incomes of state employees will grow. Tariff rate of the first category increased from 31 to 33 rubles. This fact directly affects the calculation of wages. It will increase by 6 and a half percent. The sizes of the differentiated surcharges will not change. It’s noteworthy that today in Belarus there are more than 850 thousand budget employees. Last time the first-rate tariff increased in January. By the way, from this day on, the pensions...