Financial situation at Belaruskali to improve thanks to reduced export duties on potash fertilizers

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October 31, 2016 11:28

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.

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October 02, 2017 12:08
Image: BRSM.BY

President Lukashenka continues to rotate staff and rejuvenate heads of departments and universities following new appointments in regional administrations. Apparently, new Information Minister Karliukevich could somewhat relax the state policy towards the independent media and introduce technological solutions for retaining control over Belarus’ information space. New rectors could strengthen the trend for soft Belarusization in the regions and tighten the disciplinary and ideological control over the student movement in the capital.

President Lukashenka has appointed new ministers of culture and information, the new rector of the Belarusian State University and heads of three universities, assistants in the Minsk and Vitebsk regions.

The new Information Minister Karliukevich is likely to avoid controversial initiatives similar to those former Minister Ananich was famous for, however, certainly within his capacities. Nevertheless, the appointment of Belarusian-speaking writer Karliukevich could be regarded as the state’s cautious attempt to relax environment in the media field and ensure the sovereignty of national media.

The Belarusian leadership has consolidated the trend for mild Belarusization by appointing a young historian and a ‘reasonable nationalist’, Duk as the rector at the Kuleshov State University in Mogilev. Meanwhile, while choosing the head of the Belarusian State University, the president apparently had in mind the strengthening of the ideological loyalty among the teaching staff and students at the main university in order to keep the youth movement at bay. Previously, Korol was the rector of the Kupala State University in Grodno, where he held purges among the disloyal teaching staff.

The trend for the renewal of mid-ranking executives and their rejuvenation has confirmed. The age of the Culture Minister and three new rectors varies from 39 to 44 years old.