Belarus: Belenergo and Czech-Belarusian Chamber of Commerce and Industry to step up cooperation

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The Belarusian national electrical company Belenergo and the Czech-Belarusian Chamber of Commerce and Industry signed a memorandum of understanding in Prague, the website of the Belarusian Energy Ministry reported. The memorandum provides for enabling conditions conducive to the development of foreign economic contacts, establishment, maintenance and development of business ties and contacts between Belenergo’s enterprises…

Belarus: industrial recession over

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Industrial recession in Belarus is over, Vice Prime Minister Vladimir Semashko said. “I am happy that we have survived through the crisis. I can see that the recession is over. Today the Industry Ministry is posting a 3% growth. We plan to reach the growth of 11.3% next year”, Vladimir Semashko noted. “The machine-building industry…

Belarus: Belarusian-made equipment absolutely competitive

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Belarusian equipment is absolutely competitive, Belarus’ Deputy Prime Minister Vladimir Semashko said. “In terms of the price-quality-maintenance ratio, our equipment is absolutely competitive”, Vladimir Semashko said. He noted that over the past seven years, Belarus had produced agricultural machinery to the tune of $23.7 billion. “Of this amount, $7.9 billion worth of equipment was produced…

Ukraine: full-featured energy market being created

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Ukrainian Prime Minister Volodymyr Groysman has said that the full-featured energy market is being created in Ukraine. “The market is competition, including competitive prices for consumers. The creation of the full-featured energy market, growth of own gas production, introduction of energy efficiency and the increase of budget revenue received from state-run companies – all these…

Belarus: ways to introduce IFRS at major state-run enterprises under consideration

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In view of recommendations of the International Monetary Fund (IMF) Belarus is considering ways to introduce the International Financial Reporting Standards (IFRS) at major state-run enterprises. The statement was made by Belarusian Deputy Finance Minister Dmitry Kiyko. The law requires a number of Belarusian enterprises to present annual consolidated reports in accordance with the International…