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10.12.2009
Higher customs duties on cars for corporations in Belarus as from 1 January
MINSK, 10 December (BelTA) – Higher customs duties on cars for juridical persons in Belarus will come into force on 1 January 2010, First Deputy Chairman of the State Customs Committee of Belarus Vladimir Goshin told media on 10 December. Belarus and Russia have unified 96% of customs tariffs. “This is why starting 1 January 2010 customs duties paid in Belarus will be virtually unchanged, except for one sensitive item – duties on cars,” remarked Vladimir Goshin. Since the unified...
04.12.2009
Increase in unified tariffs will affect only 6.7% of commodities, Andrei Kobyakov says
MINSK, 4 December (BelTA) – Tariff rates will be increased in respect of 6.7% of commodity items in the Customs Union, Vice Premier of Belarus Andrei Kobyakov said at a session of the House of Representatives of the National Assembly on 4 December. According to Andrei Kobyakov, 74.6% of commodity items will not be exposed to increase in tariff rates in Customs Union, tariffs for 18.7% of commodity items are likely to be reduced. On the whole the three countries have reached a high level...
03.12.2009
Belarus parliament to ratify Customs Union documents on 4 December
MINSK, 3 December (BelTA) – Belarusian parliamentarians intend to ratify the package of Customs Union documents on 4 December. The matter is now on the agenda of the session of the House of Representatives of the National Assembly of Belarus, the press service of the House of Representatives told BelTA. Belarus Vice Premier Andrei Kobyakov is expected to present a general overview of the ratification. The package includes 13 bills on ratifying the international treaties that make up the...
01.12.2009
Belarus’ interests in Customs Union covered
MINSK, 1 December (BelTA) – All the problem points Belarus had have been addressed during negotiations about the Customs Union, President of Belarus Alexander Lukashenko told media on 1 December. The Customs Union stands for mutual concessions, mutual support and the huge market. There is nothing to fear, said the head of state. “The creation of the united customs territory should be complete as from 1 July 2010,” reminded the President. “After that the commission we are setting up...
27.11.2009
Belarus, Russia, Kazakhstan agree on Customs Union creation terms
MINSK, 27 November (BelTA) - Belarus, Russia, and Kazakhstan have come to terms regarding the creation of the Customs Union, BelTA has learned. The supreme body of the Customs Union has just considered and approved several fundamental strategic decisions that determine prospects of the Customs Union development, President of Belarus Alexander Lukashenko told a private session of the EurAsEC Interstate Council after a meeting of the presidents of Belarus, Russia, and Kazakhstan. “During...
26.11.2009
Customs Union’s unified trade restrictions in place as from 1 January 2010
MINSK, 26 November (BelTA) – Starting 1 January 2010 Customs Union countries will introduce a unified system of restrictions in foreign trade, EurAsEC Deputy Secretary General Sergei Glazyev told media in Minsk on 26 November. “Tomorrow fateful decisions will be taken. They will enable the package of agreements on creating the Customs Union. Thus, we will launch the Customs Union,” said Sergei Glazyev. Starting 1 January 2010 Belarus, Russia, Kazakhstan will use unified customs...
25.11.2009
Next year’s exchange rate policy set for Belarusian ruble
MINSK, 25 November (BelTA) – In 2010 the Belarusian ruble will fluctuate within the plus/minus 10% band against the basket of currencies, deputy chairman of the Board of the National Bank of Belarus Nikolai Luzgin told reporters on 25 November. According to Nikolai Luzgin, this exchange rate band is envisaged in the draft monetary policy guidelines of Belarus for 2010. The document has already been submitted to the Presidential Administration. The rate of refinancing is projected at 9-12%...
24.11.2009
Belarus, Saudi Arabia to introduce reciprocal concessional taxation for economic agents
MINSK, 24 November (BelTA) – The House of Representatives is getting ready to ratify an intergovernmental convention between Belarus and Saudi Arabia on double taxation avoidance and prevention of capital and income tax evasion. The relevant bill was considered at a session of the House of Representatives’ permanent commission on international affairs and links with the CIS on 24 November. The convention envisages a system of reciprocal concessional taxation of incomes for the economic...
23.11.2009
National Bank to reduce annual refinance rate from 14% to 13.5%
MINSK, 23 November (BelTA) – The National Bank of Belarus decided to reduce the annual refinance rate by 0.5% to 13.5% since 1 December 2009 (Decree No 187 of 20 November 2009), BelTA learnt from the information administration of the National Bank. The press release of the National Bank says that such step was caused by the sustainable decrease of the inflation rate, the stable situation on the domestic currency market and a number of other positive trends in the Belarusian economy. Apart...
19.11.2009
Italy keen to invest in construction of logistic centers in Belarus
MINSK, 19 November (BelTA) – Italian companies are interested in investing in the construction of logistic centers in Belarus, President of the Italian Association of Logistics Domenico Netti said at an international seminar, Organization and Implementation of Marketing in the EU Countries, in Minsk on 19 November. According to Domenico Netti, the Customs Union formation will attract more foreign partners to Belarus. “Belarus takes a privileged position as any freight, coming from Europe...
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