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Business News

Monday, 08 February 2010

In 2010 Belarus, Ukraine set to reach pre-crisis level of trade

In 2010 Belarus and Ukraine are set to reach the pre-crisis level of trade turnover, which stood at $5 billion, Ambassador Extraordinary and Plenipotentiary of Belarus to Ukraine Valentin Velichko reported.

For the past several years trade and economic cooperation between the two countries has been vibrant. Starting from 2003 the trade increased several times reaching almost $5 billion in 2008. Yet, last year the financial crisis affected the mutual trade, the diplomat said.

Despite all the difficulties Belarus and Ukraine managed to preserve contacts at the previous level. The manufacturing facilities remain competitive and operate successfully. Some of them have started settling the payments in national currencies. As a result, the Belarusian-Ukrainian trade reached almost $3 billion in 2009, with Belarus’ surplus reaching $403.7 million.

Valentin Velichko believes that the work of the permanent intergovernmental Belarus-Ukraine commission is one of the efficient forms to promote the bilateral trade and economic cooperation in various sectors including energy, industry, agriculture, etc.

The regional and border cooperation, joint companies play an important role in the Belarusian-Ukrainian relations. Seven more joint ventures were set up last year alone. Facilities were opened in Kyiv, Nikolayev and Kherson to assemble Belarusian tractors and other agricultural equipment. The dairy industry where Ukraine plans to use the Belarusian primary products is another promising area of the bilateral cooperation, Valentin Velichko said.

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