Kazakhstan is interested in the privatization of Belarusian assets
The Sovereign Wealth Fund “Samruk-Kazyna” JSC is interested in taking part in the privatization of Belarusian enterprises. The issues of bilateral trade, economic and investment cooperation are due to be discussed within the frameworks of an official visit of Nursultan Nazarbayev, President of the Republic of Kazakhstan, to Minsk on May, 12-14.
At the meeting with Deputy Prime Minister of Belarus Sergei Rumas May 10, the Chairman of the Board of the Sovereign Wealth Fund “Samruk-Kazyna” JSC, Umirzak Shukeyev announced that Kazakhstan is interested to take part in privatization of Belarusian enterprises.
Sergei Rumas invited to consider the possibilities of bilateral cooperation in several areas, including rail and road transport, logistics, industrial cooperation, etc. In particular, Kazakhstan shows deep interest in building a modern terminal in Belarus for the handling and storage of grain before its transportation to Europe. For its part, Belarus is ready to allocate land for the construction of this terminal.
The prospects of mutual economic cooperation will be discussed during the official visit of President of the Republic of Kazakhstan Nursultan Nazarbayev to Minsk on May, 12-14.
According to the National Statistics Committee, the volume of foreign trade between Belarus and Kazakhstan in the first quarter of 2012 increased as compared to the same period the previous year by 45.7% to USD 215 million. In the first quarter of 2012, the net outflow of foreign direct investment of Kazakhstan residents from Belarus amounted to USD 8,000, as compared to a net inflow of USD 206,900 in the first quarter of 2011.
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.