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Business Environment in Belarus 2010

Survey of Small and Medium-sized Businesses. Analytical Report

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IFC Signs Agreement with National Bank to Provide Local Currency Loans in Belarus

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Joint Stock Companies in Belarus: General Characteristics and Development Trends (2007 – 1st Quarter of 2009)

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IFC Invests in Belarusky Narodny Bank to Expand Small, Medium Business Finance

Posted on July 11th, 2010 in: News

IFC, a member of the World Bank Group, is joining the Bank of Georgia in supporting the growth strategy of Belarusky Narodny Bank, contributing to development of the banking sector and expanding access to finance for small and medium companies in Belarus.

Settlements under foreign trade contracts

Settlements under foreign trade contracts

Posted on March 11th, 2010 in: Legal Aspects, Trade

Presidential Decree N7 dated 4 January 2000 contains provisions which have a bearing on the execution of settlements under foreign trade contracts. Individual entrepreneurs and legal entities which are parties to foreign trade contracts should take account of the following mandatory requirements:

Format and terms of a foreign trade contract

Format and terms of a foreign trade contract

Posted on March 11th, 2010 in: Legal Aspects, Trade

Applicable legislation of Belarus mandates that foreign trade contracts be executed in writing. In accordance with Item 2 of Article 1116 of the Civil Code of the Republic of Belarus, a foreign trade contract concluded by a Belarusian legal entity or an individual citizen shall be made in writing regardless of the venue. If the contract is not executed in written form, it shall be declared void in line with Item 3 of Article 163 of the Civil Code.

Definition of a foreign trade contract

Definition of a foreign trade contract

Posted on March 11th, 2010 in: Legal Aspects, Trade

A foreign trade contract is a narrower notion than “an international commercial contract”. Foreign trade contracts enjoy a legal status which reflects the state’s intention to promote the involvement of individual citizens and legal entities in foreign trade and sets forth specific measures of state foreign exchange, financial and customs controls.

Addresses and telephones of Belarusian customs agencies

Posted on March 10th, 2010 in: Trade

Customs information