New Europe News: The European News Source
New Europe News: The European News Source.
- President amnesties some categories of offenders
Belarus authoritarian President Alexander Lukashenko has ordered an amnesty for some categories of offenders the national legal Internet portal said. Such categories include minors pregnant women; women and single men having children aged under 18; men aged over 60 and... - Lukashenko deems EU terms for dialogue unacceptable
The European Union does not want to conduct a normal dialogue with Belarus Belarusian President Alexander Lukashenko said. If the European Union has enough courage we shall be seated at one table and talk in order to draw nearer. We... - Military industry modernisation planned
Belarus own military industry will be the main source of modernisation of the countrys armaments though some of its weapons will be purchased abroad President Alexander Lukashenko said on November 27. The defence capability of the country is an extremely... - Mobilkom Austria group wraps up Velcom acquisition
Mobilkom Austria Group has finalised its acquisition of a controlling stake in Belarusian cellular provider VELCOM the general director of Telekom Austria Group Boris Nemsic said at a press conference in Minsk on November 20. The acquisition of the second... - Lukashenko invites foreign investors
Belarus authoritarian President Alexander Lukashenko has invited foreign investors to participate in national priority level socialeconomic projects. We receive many interesting proposals from foreign investors. But priority is given to those who offer the maximum of the investors potential in... - Minsk demands unfreezing of Belneftekhim assets
Belarus has demanded that the United States immediately unfreeze Belneftekhim assets. The US government froze the assets earlier last week. US Ambassador in Minsk Karen Stuart was summoned to the Belarusian Foreign Ministry on November 15 Interfax quoted ministry spokesman... - GDP grows 8.3% in 10 months
Belarussian GDP grew 8.3 percent in January-October in comparison with the same period of 2006 the ministry of statistics and analysis said in a statement. Belarusian GDP is forecast to grow eight-nine percent in 2007. The countrys total industrial production... - Lukashenko slams govt for poor socioeconomic policy
Belarusian President Alexander Lukashenko is unhappy with his governments performance. Six of the 19 basic projected parameters for 2007 were missed in the first nine months. I think the government as a whole and its finance and law enforcement blocs... - Commerzbank KfW to hold stakes in microfinance bank
Germanys Commerzbank and Kreditanstalt fuer Wiederaufbau KfW will hold stakes in a microfinance bank in Belarus being founded on the initiative of the European Bank for Reconstruction and Development EBRD and the International Finance Corporation IFC a source in financial... - Opposition rallies are held in Minsk again
Activists of Belarusian opposition held an unauthorised protest action in downtown Minsk recently. Several dozens of opposition activists including leader of the United Civil Party Anatoly Lebedko deputy chairman of the Belarusian Peoples Front Viktor Ivashkevich and deputy chairman of... - Subsidies for refineries temporary measure
Compensating Belarusian oil refineries for the export duties paid on Russian crude oil is a temporary measure. We introduced compensatory duties on oil to stimulate oil deliveries 110-130 percent. We believe that will energise give-and-take refining but it is a... - Russia may consider building 2nd strand of Yamal pipeline
Russian gas giant Gazprom may propose the construction of a second stretch of the Yamal gas pipeline to run through Poland at the Yamal pipeline operator EuRoPol Gazs shareholders meeting scheduled for November Polish daily Gazeta Wyborcza wrote on October... - Gold forex reserves grow 80% in January-September
Belarus gold and foreign exchange reserves in the IMF definition grew 55.8 percent in the first nine months of 2007 to USD 2.155 billion as of October 1 the National Bank reported. The reserves grew 17.3 percent in September after... - EU UN want to cooperate with border guards
The European Commission and the UN want to cooperate with the Belarusian Border Guard Committee Kori Udovicki an aide to the UN secretary general said in Smorgon on October 8. Under the approved programmes the European Commission and the UN... - Belarus to import 21 bcm of gas in 2008
Belarus and Russia have agreed on the sale of 21.6 billion cubic metres of natural gas in 2008 Belarusian Energy Minister Alexander Ozerets told a Cabinet meeting in Minsk on October 16. In the first quarter 6.5 billion cubic metres... - Midea Group to hold talks on JV with Horizont
Chinas Midea Group will hold talks with Belarussian electronics manufacturer Horizont on the creation of a joint venture in Minsk between October 18-24 Horizont told Interfax on October 18. The two companies said earlier that they were setting up a... - Gold forex reserves grow 80% in January-September
Belarus gold and foreign exchange reserves in the IMF definition grew 55.8 percent in the first nine months of 2007 to USD 2.155 billion as of October 1 the National Bank reported. The reserves grew 17.3 percent in September after... - Tekhnosila aims for sales of USD 2.2 bln in 2008
Tekhnosila a major consumer electronics retailer expects revenue to grow to USD 2.2 billion in 2008 company president and co-owner Vyacheslav Zaitsev said at a press conference on recently. The chains turnover is expected to grow 69 percent to USD... - EU UN want to cooperate with border guards
The European Commission and the UN want to cooperate with the Belarusian Border Guard Committee Kori Udovicki an aide to the UN secretary general said in Smorgon on October 8. Under the approved programmes the European Commission and the UN... - Belarus denies plans to devalue currency
The head of Belarus central bank dismissed on October 2 allegations that the Belarusian ruble may be devalued soon and said the Belarusian currency is stable and will remain so until the end of the year because the country has... - Parliament elects new speaker of lower house
The House of Representatives at the Belarusian National Assembly elected Vadim Popov as its new speaker on October 2. Popovs nomination was supported by 94 parliamentarians and opposed by 13. The votes were cast by secret ballot. Five parliament members... - Belarus wants to open European commission office
Belarusian Foreign Minister Sergei Martynov has confirmed his countrys readiness to open an office of the European Commission in Minsk. No we are not giving this up. It is question of going through general government procedures today he told journalists... - Foreign investment in banks reaches 109 million Euro
Foreign investment in Belarussian banks totalled 109 million Euro as of September 1 Deputy Director of regulation at the National Bank of Belarus Alexander Galov said at a meeting of the CIS Financial and Banking Council in Minsk. The share... - Rosbank to raise credit limit for clients to USD 1 bln
Rosbank will increase its lending limit for Belarussian corporate clients by a third in the next three to four months from USD 750 million to USD one billion or more the Russian banks CEO Alexander Popov said recently. He also... - IMF expects slower GDP growth higher inflation in 2008
The IMF expects slower GDP growth and higher inflation in the mid-term in Belarus. An IMF report on Belarus outlined several scenarios that reflect the dependence of the economy on various economic policies amid higher fuel prices. Under the most... - Minsk Tehran ink Jofeir field oil contract
Belarussian and Iranian o