Financial situation at Belaruskali to improve thanks to reduced export duties on potash fertilizers
According to the Decree No 392 of October 25th, 2016, export duty on potash fertilizers was reduced from Euro 55 to Euro 45 per tonne. The new duty will apply from October 1st through December 31st 2016. Export duty was reduced due to a significant deterioration of the financial health at Belaruskali, the main producer of potash fertilizers in Belarus. Thanks to this measure, net profits in the chemical industry should grow, and the investment programme aiming to develop a new deposit should speed up implementation. Belaruskali may spend part of the savings on financial benefits for employees and on improving working conditions. In addition, terms of payment for deliveries and rendered services should reduce. Given full state control over the enterprise, if necessary, it could be listed among highly profitable companies in the country, which would entail additional payments to the National Development Fund by late 2016.
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.