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GDP in Belarus Grows by 10.8% in
January-September
For the 9 months of 2004 the Gross Domestic Product in
Belarus made 110,8%, the Statistics and Analysis Ministry stated.
According to the Ministry, for the 9 months of 2004 the
Industrial output reached 34.341trln rubles what is 15,7% more than last
year's corresponding period. The growth of consumer goods' production
reached 13.6%.
For the 8 months of 2004 the profitability of sales made
16.1%. The GDP power consuming reduced by 7.9% at this period.
Belarusian Government Approves
Pharmaceutical Industry Development Policy
The Belarusian Government approved the pharmaceutical
industry development concept until 2010.
"The concept aims at meeting requirements of medical
companies and Belarusians regarding effective, safe and qualitative
medicines that are on the list of key drugs," the official statement said.
Belarusian pharmaceutical industry is to increase its annual
medicines output to U.S. $130 million by 2010. It is also planned to extend
the range of drugs produced to 700 articles from 470 ones in 2004. The
concept envisages the production of at least 60% of all medicines than are
on the key drug list.
The government charged the companies to increase supplies to
the domestic market to $80 million by 2010 from $35 million in 2004.
Belarus Develops Energy Security
Concept
The National Academy of Sciences (NAS) and specialists of
relevant ministries prepared a draft concept of Belarusian Energy Security.
The concept aims at increasing the share of local and
alternative fuels in Belarusian fuel balance to 25-30% to cut energy
imports. Currently natural gas (imported from Russia) accounts for 93% of
electric power and heat generated in Belarus.
Belarusian key local fuels are coal, peat, wood and water
resources.
The construction of three units of nuclear power plant with a
total capacity of 2 million kilowatt might allow generating electric power
for U.S. $0.0185 per kilowatt-hours. However, Belarus does not consider
building a nuclear power facility.
Minsk Administration Opens Tender to
Build Five-Star "Evropa Hotel"
The Minsk City Administration opened a tender to construct a
five-star "Evropa Hotel".
Bids are accepted until the end of October. Both residents
and non-residents may participate. The financial estimate of the hotel will
be ready by May 2005. The architectural design is now being drafted by
Triple creative workshop. The design documentation of the project costs an
estimated 260 million Belarusian rubles.
The construction of the hotel is to be completed in late
2006.
Minsk Tractor Plant Increases Output
in January-September
Minsk Tractor Plant (MTZ) boosted tractor output by 31.4% to
26,294 tractors in January-September 2004. The production volumes also
increased by 30% to BYR 638.5 billion. The economic growth was provided by
the extended product range and higher demand for Belarusian tractors abroad.
MTZ sells over 80% of its output.
Currently the plant produces 34 basic tractor models varying
from compact tractors to most powerful. This year the company continues
designing a 350 hp basic tractor as well as a family of compact tractors
Belarus-422 and Belarus-622 with 58 hp engines.
Minsk Tractor Plant is one of the world and the former USSR
largest tractor producers, offering a range of 20-280 hp tractors. The
company sells around 80% of the make abroad, with Russia sharing 30% of the
foreign trade. Last year the company assembled 26,877 tractors.
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