Historical outlook

 Economic Policy              Investment Climate

 Foreign Trade                 Sectors of Economy

Economic & Commercial Section of the Embassy of the Republic of Belarus in the UK is ready to provide you with information on the latest developments in Belarusian economy, goods and services markets, investment opportunities, trade and investment legislation, etc.

We will search our database for you to source potential Belarusian trade partners in industries you pinpoint to us, find manufacturers of specific products you are looking for, help you get in touch with Belarusian companies.

Whether you are interested in import or export we are confident we can help you with your first step into Belarusian market.

We provide all available information free of charge and the only thing we expect in return is the success of business-to-business links between our countries.

This is our mission.

Please do not hesitate to contact us with your enquiries and questions, comments and suggestions. We would be delighted if you shared with us your experience in doing business with Belarus and expressed any concerns you might have. Your vision of Belarusian market, its opportunities, challenges and problems is very valuable to us, as it makes us more flexible and able to answer your needs the best.

Mr Andrei DASHUTIN

Counsellor

Direct: 020 7938 5988

Mr Denis MEZENKO

First Secretary

Direct: 020 7938 5986

Email: uk@belembassy.org

BELARUS: SOCIAL AND ECONOMIC DEVELOPMENT
September 2005

      Significant economic growth and its beneficial impact on the social development of the country are acknowledged by the World Bank in the Country Economic Memorandum “Belarus: Window of Opportunity to Enhance Competitiveness and Sustain Economic Growth” of 10 June 2005. The document reveals, in particular, that gains of the economic growth are widely distributed across different layers of the population. The structure of Belarusian economic growth is not typical of the transitional economies, and the Belarusian people gained more than neighbour countries’. The above conclusions impartially confirm the progressive nature of Belarusian economic development... more

SERGEI SIDORSKIY: BELARUS EXPORTS USD 50-100 MILLION WORTH OF INFORMATION PRODUCTS YEARLY
(on the information from BelTA)

Setting up of Silicone Valley’s analogue in Belarus will both promote the national science and strengthen Belarusian export of software and technologies, Prime Minister of Belarus Sergei Sidorskiy told on August 2 during the meeting dedicated to the draft decree “On park of high technologies 'Intellectual Belarus”.

According to the Prime Minister, Belarus, which is leading among other European states in the software development, has gained certain experience in stimulation of information technologies development. In particular, Belarusian State University founded a Centre of Information Technologies which proved to be effective. Thus, over the last two years, its associated members issued Br78 billion worth of information products. According to experts, annual exports of information products from Belarus range from USD 50 to USD 100 million.

BELARUSIAN STATE UNIVERSITY LAUNCHES ONLINE R & D CATALOGUE

International Science and Technology Center (ISTC) and the United Institute of Informatics Problems of the National Academy of Sciences of Belarus (UIIP NASB) organize the International Conference on Advanced Information and Telemedicine Technologies for Health – AITTH’2005, which will be held in Minsk (Belarus) on November 8-10, 2005.

Conference topics:

Participation is free of charge. Participants are provided with a package of information materials, equipment and meal.

Deadlines

New submission deadline          June 30, 2005

Acceptance notification   July 31, 2005

Click HERE to find out more

or visit the official website of the Conference at

http://www.uiip.bas-net.by/conf/aitth/main_en.htm

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PRESS RELEASE

                                                                                                                23 June 2005

The Belarusian Universal Commodity Exchange Opened

The Republic of Belarus aims to refine the domestic and foreign trade regulations and rules and develop the organized wholesale markets of commodities. To this particular end, the Belarusian Universal Commodity Exchange was set up, the founders being the Ministry of Economy, Belarusian State Concern of Material Resources “Belresursy”, Insurance Enterprise “Beleximgarant”, JSSB “Belarusbank”.

Today, the Exchange operates a wood stock section and a metal section and is set to launch sections of agricultural produce and oil products.

The first auction was held on 2 June 2005 at the wood stock section. Another auction to sell exports of pine and birch pulpwood will take place on 24 June 2005 in the Auctions Hall, 4th floor, 2 ul.Kazintsa, Minsk, Belarus.

At the same time, the Exchange is involved in preparing the first auction of the metal section which will follow shortly.

For more information about how the Exchange operates, what rules are put in place and what services are provided, log on to www.butb.bc.by

To contact the Exchange, e-mail butb@from.by or call/fax (+ 375 17) 224 19 23 (for wood stock section) or (+ 375 17) 224 20 21 (for metal section).

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SEEKING YOUR ASSISTANCE

TO CREATE NATIONAL MAMMOLOGICAL CENTRE

The Ministry of Health of the Republic of Belarus seeks assistance in creating National Mammological Centre to fight breast cancer.

Details of the project are available here.

If you are interested to participate  - contact person at the Embassy is

Alexey Shved

Tel: 020 7937 3288

Email: uk@belembassy.org

ECONOMIC AND INVESTMENT REVIEW
REPUBLIC OF BELARUS, 2005

This comprehensive document provides most up-to-date covering of all aspects of Belarusian economic development, including macroeconomic profile and indicators, monetary, budget, tax, investment, social, labour and other policies, industrial sectors profiles and other information.

The document has just been released and is available at this website.

You can view the document online or download its self-extract archive

Government Securities Market of the Republic of Belarus

In the Republic of Belarus, the most advanced and liquid segment of the securities market is the market of government securities.

The placement volumes of government loans, and the expenses on their redemption and servicing are defined in the Law on the budget of the Republic of Belarus for the coming year, outgoing from the predictive inflation rate, GDP growth, and other macroeconomic indicators… more