Belarus EU Press Review: March/2012
The Financial Times published a report on business dong conditions in Belarus which offers an optimistic prognosis about Belarus’ prospects of attracting potential investors.
Belarus cut its benchmark refinancing rate, the world’s highest, for the third time this year as inflation slows following last year’s balance-of- payments crisis.
Deputy Director General of Belavia Igor Cherginets regards the situation around Minsk-Moscow air service as a war for market share between Russian airlines and the National airline Belavia.
The EU countries have reached an agreement on the issue of enlarging the EU sanctions against Belarus. According to the European diplomats, 29 private companies, as well as 12 individuals were added in the EU updated blacklist at a meeting in Brussels on March 23.
Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDRs) of seven Belarusian banks. Belarusbank (BBK), Belinvestbank (BIB), BPS-Sberbank (BPS), Belgazprombank (BGPB), Belvnesheconombank (BVEB) and VTB Bank (Belarus) CJSC (VTBB) have been affirmed at 'B-' with a Negative Outlook and CJSC BTA Bank (Belarus) at 'CCC'.
Twenty years since the collapse of the Soviet Union, the path of transition of Commonwealth of Independent States (CIS) sovereigns has influenced Standard & Poor's Ratings Services' view of their creditworthiness.
Six new investment projects in the energy sector will be implemented in Belarus in cooperation with the International Bank for Reconstruction and Development (IBRD). The initiatives will make part of the list of the projects financed via external loans attracted under the guarantees of the Belarusian government.
Experts of the World Bank will discuss joint energy-efficient projects while in Belarus on a working visit from 12-16 March.
Belarus wants to lure back Deutsche Bank AG (DBK), BNP Paribas SA (BNP) and Royal Bank of Scotland after the lenders halted work in the former Soviet republic as western governments tightened economic sanctions.
Preparation of draft guidelines for fiscal and tax policy for 2013 and the medium-term financial program for 2013-2015 has been launched in Belarus. In this regard, an interdepartmental working group, headed by Deputy Prime Minister Sergei Rumas, has been formed.
The economic policy of Belarus on overcoming the consequences of the financial crisis prompted appraisal the IMF mission, which came to Belarus on February 22. After 2 weeks of through examinations, numerous consultations and meetings with economic authorities the policy of Belarus the mission made a special statement appraising the reduction the refinancing rate and curbing foreign misbalance.
United Nations Department of Economic and Social Affairs published the statistical book "e-government. Review 2012," reflecting the progress of states in creation of electronic government. Belarus has improved its position by three points, ranking 61st place out of 193 countries.
Article by James Wilson, Director of the Belarus EU Business Council, in « The Parliament » magazine, issue 343, 20.02.2012
The European business community is poorly-informed about how attractive the doing business conditions in Belarus are, British businessman Simon Hume-Kendall presenting Environova Consulting Ltd. told BelTA.
Official Documents, Statements and Press-Releases
- 21st Meeting of the Committee on Foreign Trade Regulation to take place in Moscow
- European Commission appoints new Head of Representation in Brussels
- European Commission publishes service procurement notice for Eastern Partnership countries
- Coalition for EU-Belarus Visa-Free Movement asks LT Foreign Minister to make further steps to promote easer travelling
- Joint statement of the Governments of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation
- Notice for the attention of the persons and entities to which the restrictive measures provided for in Council Decision 2010/639/CFSP, as implemented by Council Implementing Decision 2012/171/CFSP, and in Council Regulation (EC) No 765/2006, as implemented by Council Implementing Regulation (EU) No 265/2012 concerning restrictive measures against Belarus apply (2012/C 88/07)
- Council Implementing Regulation (EU) No 265/2012 of 23 March 2012 implementing Article 8a (1) of Regulation (EC) No 765/2006 concerning restrictive measures in respect of Belarus
- Statement by the MFA Press-Secretary on the Decision of the EU Council Taken on March 23, 2012