Revival of Uralkali and Belaruskali cartel not yet possible
The Belarusian authorities announced the possibility of further cooperation with Uralkali, but only on the previous terms. However, the Russian party requires a majority stake in the future trader and its location outside the jurisdiction of Belarus, which will not be accepted by the Belarusian party. Differences in opinions prevent rapprochement, and until the redistribution of the potash market enters the final stage, only informal cooperation between the Belarusian and Russian producers is possible.
The Labour and the Tax Ministries are considering the possibility to include persons engaged in some economic activity without forming a legal entity in the social security system. When the decree No 337 comes into effect, the number of private entrepreneurs is likely to reduce due to the possibility of reducing the tax burden when switching to a tax payment as an individual. 95% of self-employed, including PE, pay insurance premiums on the basis of the minimum wage. The number of self-employed citizens is expected to increase, the number of insurance contributions to the pension system from PE will decrease, the number of citizens who will pay a fee to finance government spending will decrease by several tens. Self-employed citizens have the alternative not to pay social security fees and save resources for future pensions, which, given the gradual restriction by the state of pension requirements could be a more long-sighted option.