Kazakhstan intends to gather over 100 participating countries and over 5 million visitors during the EXPO 2017 that will take place in Astana, the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Yergali Bulegenov said. As many as 97 countries and 18 international organizations have confirmed they are going to participate in the EXPO 2017.…
The CIS financial and economic forum will take place in Minsk in October, head of the CIS election observation mission Sergei Lebedev said. “The financial and economic forum will be held as part of the meeting of the CIS Heads of Government Council in Minsk. Almost every member state expressed its readiness to take part”,…
Belarus’ move to adopt International Financial Reporting Standards (IFRS) and clarifications on January 1, 2017 will contribute to increasing the transparency of Belarus’ corporate sector for investors and creditors, Pavel Laschenko, EY Belarus Managing Partner, believes. The IFRS standards will acquire the same legal status as guidelines and provisions of the Finance Ministry of Belarus…
The government’s committee for economic, financial and legal policy has approved of a list of enterprises to be privatized in 2016-2017, among them are Turboatom, Electrotyazhmash, the United Mining and Chemical Company, the State Food and Grain Corporation, and a state stake in Zaporozhye Titanium and Magnesium Combine LLC. A respective draft resolution was approved…
In H1 2016 resident companies in Belarusian free economic zones (FEZ) secured a surplus of foreign trade in merchandise as large as $452.6 million, up by 14.6% YoY, the National Statistics Committee of Belarus reported. In H1 2016 their merchandise export reached $1,718.3 million, up by 2.1% YoY. The top exports were tires, mixed mineral…
The National Bank of Belarus and the State Control Committee have adopted a joint resolution lowering the ceiling on cashless payments subject to reporting from BYR5 million (approx. $250) to BYN300 (approx $150). The ceiling has been lowered by 70%. The document says in addition to banks, relevant cashless transactions need to be reported by…
Mogilev region of Belarus and Hunan province of China have signed a memorandum on developing friendly relations. The document was inked by Mogilev region Vice Governor Dmitry Kharitonchik and Head of the Foreign and Overseas Chinese Affairs Office of the People’s Government of Hunan province Xiao Bailing. According to Dmitry Kharitonchik, the first serious step…