header -->

Highly profitable enterprises will contribute to National Development Fund

Category status:
August 21, 2017 11:27

Based on performance in Q1 2017, eight highly profitable Belarusian enterprises will allocate BYN 6.3 million to the National Development Fund. The Fund was created in 2005. Annually, a number of high-profit state enterprises and enterprises with the state’s share in the shareholder equity contribute to the Fund, in addition to taxes. As of April 1st 2017, there were more than 220 enterprises in Belarus with a profitability of sales exceeding 30%. Due to the economic recovery, the list of contributors to the Fund is likely to expand and by the year-end, payments to the Fund should increase. The bulk of the funds would come from military-industrial enterprises, pipeline transport and the chemical industry. In 2017, the Fund aims to receive some BYN 120.2 million from well-performed enterprises based on their results in January-December 2017.

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