BELARUSIAN ECONOMY & TRADE

"In 2005 Belarusian industrial enterprises will increase fixed-capital investments by 17.5% to BYR 576 bln", - reported First Vice Premier of Belarus Vladimir Semashko.

Last year’s modernisation and retooling allowed industrial enterprises to increase the output by over 20% up on 2003.

Fixed-capital investments by large mechanical engineering enterprises will result in production growth at machine-tool enterprises.

Significant sums will be spent on the renovation of basic production assets of large Belarusian industrial enterprises. The Minsk Tractor Works (MTZ) plans to spend over BYR 39 bln, Minsk Automobile Plant (MAZ) – over BYR 45 bln.

24/02/2005

Belarus’ invest in fixed capital, construction up 33.1%/yr in Jan

MINSK, Feb 23 (Prime-Tass) -- Belarus’ investments in fixed capital and construction increased 33.1% on the year in January to 605.1 billion Belarusian rubles as of February 1, an official with the Statistics Ministry told Prime-Tass Wednesday.

Of this amount, state companies’ own funds including loans amounted to 295.3 billion Belarusian rubles, up 30.6% on the year in January; private companies’ funds 302.4 billion rubles, up 37.1%, and foreign companies’ funds 7.4 billion rubles, up 5.2%.

Of the total amount of investments, industrial projects accounted for 380.4 billion Belarusian rubles, up 37.7% on the year in January, while social projects reached 224.7 billion Belarusian rubles, up 24.7% on the year.

In 2004 capital investments increased 20.2% on the year to 10.244 trillion Belarusian rubles. In 2005 they are expected to increase 15.5-17.5% on the year. End (2,163 Belarusian rubles - U.S. $1)

17/02/2005

Foreign investments in Belarus up 16% on yr in 2004 at $1.5 bln

MINSK, Feb 17 (Prime-Tass) -- Foreign investments in Belarus’ economy rose 16% on the year in 2004 to U.S. $1.517 billion, the Statistics Ministry told Prime-Tass Thursday.

Of the total, direct foreign investments amounted to $859.176 million, a rise of 27.3%, while portfolio investments declined 38.6% on the year to 0.391 million. Other investments increased 4.2% to $657.813 million.

Most of the investments were attracted by independent companies, $1.014 billion, of them $701 million of direct investments.

Switzerland was the largest investor with $518 million, up 43% on the year; Russia’s investments amounted to #306.5 million, up 22.5%; and Germany’s investments were at $83.7 million, an increase of 73.3%.

Other large investors are the Netherlands with $64 million, Latvia with $39.4 million, and Cyprus with $36.7 million.

Austria’s investments fell to $64.5 million in 2004 from $112.7 million in 2003, and the Virgin Islands’ investments in Belarus declined to $33 million from $86 million.

Most of the foreign investments were in trade and public catering, $464.6 million, up 18.1% on the year; investments in industry rose 28.7% to $423.5 million, in communication increased 32.3% to $222.6 million, while foreign investments in transport declined 17%.

Net foreign investments received in 2004 amounted to $145.6 million, with direct investments accounting for $130.9 million. In 2003 Belarus received $68.4 million in foreign investments.

In 2003 foreign investments in the Belarusian economy rose 80% on the year. End

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INDUSTRIAL ENTERPRISES TO INCREASE FIXED-CAPITAL INVESTMENTS THIS YEAR

Belarus’ invest in fixed capital, construction up 33.1%/yr in Jan

Foreign investments in Belarus up 16% on yr in 2004 at $1.5 bln