Depending on world potash prices Belarusian potash producer could add capacity
Belaruskali plans to increase its production capacity for potash fertilizers to 15.9 million tons by 2025. At the moment, its production capacity is 12.9 million tons. Production volumes would depend on concluded contracts, so as warehouse stocks are minimal. In H2 2017, potash production is likely to decrease, entailing a decrease in the growth rates of the chemical industry. Lowered export duties on potash fertilizers unlikely to boost the company’s profits and enhance investment due to higher transportation costs. Due to low demand for potash from customers, potash prices are unlikely to grow at a faster pace. In addition, new players are expected to enter the potash market. Taking into account the planned construction of a potash plant by Slavkali and enhanced competition on the fertilizer market, Belaruskali production plans are likely to be adjusted downward to ensure higher prices on foreign markets.
The Belarusian authorities regard the Catholic conference as yet another international event to promote Minsk as a global negotiating platform. Minsk’s proposal to organise a meeting between the Roman-Catholic Church and the Russian Orthodox Church is rather an image-making undertaking than a serious intention. However, the authorities could somewhat extend the opportunities for the Roman-Catholic Church in Belarus due to developing contacts with the Catholic world.
Minsk is attempting to lay out a mosaic from various international religious, political and sportive events to shape a positive image of Belarus for promoting the Helsinki 2.0 idea.
Belarus’ invitation to the head of the Holy See for a meeting with the Patriarch of the Russian Orthodox Church should be regarded as a continuation of her foreign policy efforts in shaping Minsk’s peacekeeping image and enhancing Belarus’ international weight. The Belarusian authorities are aware that their initiative is unlikely to find supporters among the leadership of the Russian Orthodox Church in Moscow. In Russia, isolationist sentiments prevail.
In addition, for domestic audiences, the authorities make up for the lack of tangible economic growth with demonstrations of growth in Minsk’s authority at international level through providing a platform for religious, sportive and other dialogues.