Highly profitable enterprises in Belarus forced to share profits

Category status:
April 22, 2016 19:00

In November – December 2014, 11 highly profitable enterprises in Belarus will transfer part of their profits (totalling BYR 677 billion) to the National Development Fund.

Belaruskali will pay the largest share - more than BYR 442 billion, thus partially compensating for the losses from the abolition of the potash export duty. Financial health and investment activity of enterprises subject to the regulation will reduce. State control over the activities of non-state economic sector will increase in order to replenish the state budget. In addition, the state might strengthen liability of enterprises and citizens for various violations in the economic sphere. Non-core governmental programmes might not receive full funding in order to implement budgetary savings.

Similar articles

Minsk attempts to make up for image losses from military exercises by opening to Western values
October 02, 2017 11:49
Image: Catholic.by

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.

Recent trends