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Business News

Monday, 08 February 2010

Belarus, Germany to build biogas installations, wind farms together

Belarus plans to cooperate with Germany in building biogas installations and wind farms in Belarus. The statement was made by Leonid Shenets, Director of the Energy Effectiveness Department of the State Standardization Committee of Belarus, at an expanded session of the department board.

“I think we will come to terms about signing the agreement with the German side in August and will get the money, maybe even as grants for financing the construction of several biogas installations,” said Leonid Shenets. In his words, the sides will also cooperate in wind energy area. In April an agreement on building a wind farm in Belarus is expected to be signed with a German company.

The official was generally pleased with efforts of ministries, government agencies and local authorities in Belarus to attract foreign investments for energy effectiveness projects. A project for modernizing the social sphere infrastructure in Belarus has been successfully fulfilled using a $22.6 million loan from the World Bank. Another loan of $15 million has been acquired to continue the efforts.

2010 will see the completion of the project for rehabilitating Chernobyl-affected territories (a $50 million World Bank loan). “We have been confirmed that there will be another $30 million loan for the Chernobyl project,” said Leonid Shenets. In addition, Belarus has started assimilating a $125 million World Bank loan that will be used to accomplish six energy effectiveness projects (2 as part of the Energy Ministry system and 4 as part of the housing and utilities system).

BelTA

07.09.2010 -		Finance Ministry still plans to sell Eurobond in Russia

07.09.2010 -		BCSE’s state securities trading on secondary market down 7.7%/mo in August

07.09.2010 -		NBB allows down payments under import contracts not exceeding 5,000 euros

05.09.2010 -		Belarus raises postal service tariffs 10%, telecoms service fees 7.1%

04.09.2010 -		Belarus’ Br trading on interbank loan market up 50% in August

03.09.2010 -		BCSE’s U.S. dollar ask $312.911 mln below bid in August

03.09.2010 -		State enterprises enabled to transfer part of profits to budget on quarterly basis

03.09.2010 -		Lukashenko abolishes licensing of 16 activities Jan 1, 2011

02.09.2010 -		Belarus’ internal debt up 1.2% in July ‘10 to Br8.418 tln

02.09.2010 -		Belarus’ foreign debt down 0.7% in July to $8.479 bln

02.09.2010 -		Belarus’ govt raises fixed salaries for some public sector workers 10%-25%

01.09.2010 -		Belarus’ commodity trade deficit at $4.201 bln in Jan-Jul

01.09.2010 -		Belarus’ banks cut interest rates on Br corporate loans in July to 14%

01.09.2010 -		Belarus’ population at 9,467,700 people as of Aug 1

31.08.2010 -		Belarus’ govt suggests raising compensations for low-salaried workers Sept 1

31.08.2010 -		Belarusian ruble up 1.23% against basket of currencies in Jan-Jul

31.08.2010 -		NBB sees refinancing rate between 8%, 10% in 2011

30.08.2010 -		Belarus banks’ loan portfolio up 20.1% to Br83.098 tln in Jan-Jun

30.08.2010 -		Belarus may allow entrepreneurs to hire workers other than family members

30.08.2010 -		Economy Ministry working on bill on public-private partnership