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Solid foundation for Belarusian economy growth needed this year

MINSK, 29 March (BelTA) – The administration of Grodno Oblast should promptly resolve existing problems, said President of Belarus Alexander Lukashenko as he received a working report from Grodno Oblast governor Semyon Shapiro about the social and economic development of the oblast on 29 March. The press service of the Belarusian head of state told BelTA, the event was the final working report delivered to the head of state by the heads of administrations of the regions of Belarus. Alexander Lukashenko said Semyon Shapiro has been the governor for only two years but the time is sufficient to evaluate the results. “For now the oblast does not look as good as we would like. Last year Grodno Oblast lagged behind in quantity and quality parameters of social and economic development,” said the President. In particular, the head of state pointed out Grodno Oblast has the largest finished goods inventory at industrial enterprises. “I am told some enterprises have indulged in messing with reports to cover up problems with sales, worsening their financial status,” said Alexander Lukashenko. Therefore, net losses of Grodno Oblast enterprises multiplied several times over last year. Besides, Grodno Oblast has the largest sums of outstanding debts to banks. The main debtors are the organizations directly run by the local authorities. The region’s sales of cattle and poultry for slaughter have also worsened. “To make it worse, last year’s problems continue into this year. You are once again among leaders in the finished goods inventory of industrial enterprises, you are one of those lagging behind in agricultural output and merchandise export. These problems must be solved. It will be very difficult to go for parliamentary elections with these problems,” said the President. “It is vital for us to create a solid foundation for accelerating economic growth and implementing the five-year program,” stressed Alexander Lukashenko.
| 05.09.2014
GOMEL, 4 September (BelTA) – The commercial extraction of oil from tight reservoirs at horizontal well No. 310g of the Rechitsa deposit has begun for the first time in the history of the Belarusian oil industry, the press service of the Belarusian industrial group Belorusneft told BelTA. The oil well uses the previously detected Petrikov-Yelets field of the Rechitsa deposit. For a long time thi...
| 05.09.2014
GOMEL, 4 September (BelTA) – In 2014 the Belarusian industrial group Belorusneft intends to perform at least $20 million worth of oil industry services, namely operations to increase the output of hydrocarbon wells abroad. The figure will be 2.5 times larger than the one registered in 2013, BelTA learned from Belorusneft's Deputy Director General Alexander Prizentsov. In his words, the export g...
| 02.09.2014
GOMEL, 1 September (BelTA) ? The industrial group Belorusneft has signed an agreement on the geologic exploration and development of an oil block in Ecuador, the company?s press service told BelTA. The agreement stipulates technical and economic conditions for the exploration and development of block No. 28. The agreement was signed in late August by representatives of the alliance that...
| 16.07.2014
GOMEL 15 July (BelTA) – A thermal gas impact technology will be assimilated as part of the Belarusian-Russian innovative project Visha-Termogaz to increase the effectiveness of the extraction of residual difficult oil by 37 percentage points, BelTA learned from Vladimir Goshkis, Chief Engineer of the Belarusian industrial group Belorusneft, on 15 July. Vladimir Goshkis took part in the ceremony...
| 15.07.2014
MINSK, 15 July (BelTA) – OAO Gomselmash will be transformed into a holding company incorporating five other enterprises, BelTA learnt from the press service of the Belarusian government. The decision was formalized by Resolution No.670 signed by the Council of Ministers on 11 July 2014. The new holding company will consist of OAO Gomselmash and five other enterprises, including Gomel Foundry...
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