community phone. is also suiting up to a billion dollars from the international norm tree farm. mr misty could reach and welcome to spotlight hello. i mean the purpose of your current is it to moscow is to take part in this business forum which you poor on the customs union and the common economic space. you can see the seeking of economic integration of the three states. stan and russia you said recently but one of the. if it's a customs union in the coming economic space this means that many factories should go beyond conventional cooperation with and integrate their companies to manufacture new products. what is this statement backed by any specific proposals from delhi reuss that let you are planning to put forward.

the business well you know usually economic factors that force politicians to make certain decisions. such as decisions on integration. but in our case it's my subversive the business as though it was we have politicians creating the framework for the businesses to work can't. miss this business also and this is why we need this time we agreed to have this meeting this form together with business community i mean that's because we don't want to just talk about a common economic space and a business so set some objectives that are at the level of governments only but the more you know what we would like to hear what the businessmen who are three countries have to say. the most so i think we need this harmony in the world into our investor to combine business initiatives. the one hand in government proposals

on the other in a harmonious way and the governments of course should do their part and create favorable conditions for our business when. the was going for those loaded with the . deliberate a. month ago there was president and then a look at. their thirty's are prepared to shut off international trade in case the economic situation. can set in quote if it comes to disaster if you shut down the border in consumer goods when you go out and quote i talked to some people from belarus today and in the tell me that this is already happening and that lots of domestically produced goods are now on sale in bellerose. would you explain how this kind of policy agrees with the commitments miller was has assumed as a member of the euro of the coming economic space as well as its obligations to europe. and. i think your cool thing

bill a russian president out of context and six i believe we are beyond the point of no return in terms of the integration process. i mean you can back out of it we need to go on. and our relations including trade least on mutual respect and those we haven't been violated in you are all. we have fair competition and we have views of all the three states especially russian gets over there could be a little for sale in our markets. for our trade with other countries. we did introduce some restrictions due to a serious price. and by the way e.u. neighbors very grateful for that it's a name yet if published because this kind of detroit is that when people but them bring duce across the border in try. there are cars that it has

a negative effect on a regular tree. and they only need to do is just follow the rules. we are not keeping anybody away from our market you know we are not giving any one advantage is so over others. but if we work within the green means that we have sawing to the put that would be to come including all the measures that we are taking on the consumer market. the russians as far as i know leave russia to be the main reason behind bill reese current economic troubles. as we know the prices have increased two fold people can buy foreign currency and so forth as a russian while i feel quite hurt to hear that people of a brotherly nation in russia for their hardships what is this opinion really out there in to what extent is moscow to blame. well i don't want to pass judgment or make accusations. or but that the prices for goods

imported from russia are going up much faster than the prices for goods we exported to russia is a fact. and it's not like the prices have gone up by ten or twenty percent for they have doubled and tripled. let's take gas prices for example they have gone up by four hundred fifty percent over the past five years. the belorussian export prices have only grown by twenty five to thirty percent over the same period. immediately below or four for our treaty with russia to balance out that we need to step up our export volumes. and i admit that some of it is our full movies and we see that the capacity of the russian market is he's just knowledge is the common market over the three countries the capacity allows us to ramp up exports. but in order for that to happen. in companies

the businessmen should work harder and promote supports. a moment will encourage other business men to play a more apt rule in the privatisation process and dollars but i have to say that there is a lot of talk on a subject but we don't see any progress and we don't seem practical solutions in the book on issues to deal with this shit but i think the worst thing that can happen is if this integration takes place on paper on the boy and the beaumarchais that we need russian companies to participate in the privatization process in belarus. we are really opening up our economy. with and we will create favorable conditions for our partners from the customs union first and foremost that the people were truth but notice the mortals when you speak about privatization you use

the future tense start on a large scale no less with. you it's already under way in the end it's a proceeding at a good pace. in their furniture industry for example we have sold almost all our furniture factories by now though no one fortunately none of the buyers were russian businessmen are also. on and a number of other western companies are actively building new production facilities and. i think russian businesses should help with that. though unless for the metal industry we do have something offers from russian companies dear but we also have a lot of offers coming in from western europe. or so i think it's time for us to move on and proceed from a sassing and considering the situation to taking some practical steps. but at the moment our evaluation commissions are working on two projects must come on.

they're good and microelectronics we would like to have them all cop aeration with a russian businessman in this area. we have a fairly strong microelectronics industry. in the past well most of its products were used in the defense industry but it's there in the below and i think in the future pay more attention to the needs of war defense industry because there can be no innovation without a strong defense industry. and you would get the what's one more as we see says. the prime minister. spoke like it will be back shortly after the break so stay with us. first cream removal cold clear cut. second

explosives are used to blast a baby girl in the fear that. hurt the remainder by machinery. finally the unborn good soil is deposited in vallecito. on a. welcome to the what makes a big splash in the world of heights questions in advance science into products they don't understand. is he's got he followed russian invaders to egypt meters and brought it and their big breakthrough back. spotlight on story on technology update here on c.n.n. we've got the future covered.

welcome back to spotlight. and just a reminder that my guest on the show today is. the prime minister of. the. cause which or we're talking about privatization and you told me it is well underway militarists and you expected to expand further i would like to quote a recent statement by president lukashenko he said and i quote three things are expected from villages today that we will sell our state assets for so long they will withdraw the social obligations we have before people and that will give up our sovereignty but i was going to be clear we will never do that and. any other code to these words had a broader context to them and that we see that the president is emotional and very specific as usual do you think these words mean that he doesn't want a russian investors to participate in the privatization of deliberation companies

that there should postal no i don't think so it's lower cost think what he means is that it's the privatization should be fair and transparent it doesn't you said no there was furniture industry has been sold out entirely but none of it to russians right i'll tell you honestly everybody buys. the most affordable among quality products. as well i don't see that we have completely eliminated state ownership from the french industry but will help to auction for furniture companies in a row in the end indeed the buyers are not from russia and we have sold some four or five furniture factories to probably told well a problem. we are still holding a large portfolio don't stakes in very senior streets including furniture so there is still room you're welcome have been there but almost there was but it was let's take the. chemistry accept it with a meal. planning to bring it up to date with foreign for example for oil has been

assessed in poland there and surprise part of the enough time industry grew for well over two and a half years we'd like them to finally make up their mind as we also have other offers waiting. we have certainly granted the right first bid. but our pure we will kill him with and i believe there are also vest opportunities for partnership in areas such as the defense industry microelectronics information technologies and other setters. for instance military center russia law i don't produce enough pharmaceuticals domestically and i believe it would be worthwhile if we tried to pool our resources and create an industrial joint venture which reproduced medicines rather than porting them. of course it would be impossible to manufacture it tens of thousands of brand pharmaceutical products but we could

produce most of the essentials combine effort. rather than cling to the existing production facilities or set up new transnational corporations from scritches something that we unfortunately don't have instead. of dividing and trading assets that were created a long time ago. so i think we should really start building something from scratch the. pressure of finance. is also criticized i mean you must have noticed that it's a very popular trend in russia these days. to his premier to criticize your government for its import restricting measures rigid press regulation in its money three probably. i even said. is merely suppressing the disease is letting it fester

deep down does the russian government if you think the loans that you've been promised commitments to just your economic policies is there such conditionality is this part of the work for the future that you've mentioned that of course. well as far as the current trend of criticising belarus is concerned it's a go by the billion dollar reduce we deal with their own shortcomings in the first place and try to criticize ourselves. as some people prefer to criticise others can often turn to get their own problems. and the problem i'm in no position to judge here and i believe there are plenty of sensible people including policymakers almost this year cool sort this out with the russians also like to approach themselves it's something we have in common. yes well. as for the negative developments facing our foreign exchange market they are primarily due to the fact

that our important volumes are exports by seven to eighteen billion dollars so when we say that we should live within our means this is one of the implications to us. in by the way mr bush has strongly recommended that we should team our appetites with regard to imports and it is stipulated in the loan conditions for the story and that's obviously if you're going to do that we are entitled to use monitoring instruments such as exchange rate regulation among others. therefore you are rigorously keeping in line with the course of action we have agreed upon for you know our respective commitments. in this. issue there's more criticism aimed at you that at this time coming from the world bank's country director for ukraine belarus and mildewing mr. martin advisor or so he said quote i despise the social achievements of past years but the economic model has exhausted

its possibilities so i was nativity agree with this statement said listen in would you agree that belief does need to be more up to date and should liberalize both economically and politically liberal is that say even be. no more pure of most progress than first of all we strongly adhere to our stated commitment of developing a socially responsible market economy. therefore when regulating privatization and all we're seeing it change your phone or ship but it's meaning we do seek to ensure that new owners abide by their social partnership commitments. we cannot agree to being made secondary to the objective both generating profit. more from what we need is harmonization between social and market policies or. less with the assertion that the bill aris model has exhausted itself which. i think this

statement he's neither entirely correct nor appropriate. life and poses for certain adjustments. alter indeed we need to open up our economy to a greater extent. we need to invite in more foreign investors lose the most and they actually do approach us these days we're getting numerous offers in the european and american businesses. and so even though we still don't get as much foreign direct investment in the belarus economy as we would like to see. those foreign investment you know first five months of this year he's already had over the annual investment volume of the new four thousand and ten in the. fed's therefore we are bolstering these developments. and the measures taken by the president and the government to reduce the world are the

specific aim of dead promoting and enabling environment for in the nestors. the progress so that we would have new homeowners coming to our country in the long with new technologies and new management that is slow and. slow in that you can then make huge i don't know that much about economics. but from what i read to get an impression that. unless you get the i.m.f. loan that you're hoping for will inevitably default on its foreign debt. is that correct but i would this loan really mean everything to you. first our external debt is not. in the midst of the any kind of missed can tell you that you but of course it's a good it took almost almost it's not like we are facing a crisis in the name or some sort of an insurmountable difficulty because of the foreign debt that we've accumulated over time i mean the thing you are dead amounts

to about maybe two or three months or export revenues at the foot of of how much is that. well our export driven years for the first five months came up to sixteen billion dollars. our dad stands at nine billion total get. over we have to pay it all at once. as our application for the i.m.f. loan is concerned that we need contact. above mentioned the figure in the well we think it should be three maybe a seven point five billion dollars. of course this is next to nothing compared to the bailouts that the international community including the i.m.f. school provides for some countries that are facing difficulties because of the crisis. and certain post-crisis develop. probably about this one

so of our problem it's just a way for us to some money for a short period in order to stabilize completely stabilize the currency for all sectors polish. already greek culture is doing well but we have enough foreign currency to take care of our production needs. we do have some difficulties providing foreign currency for a net importer of. companies that don't export and i think that only imported goods here or less. we have practically no need of intervention and with our currency exchange offices. we can work with the currency that people sell to the banks and buy from the banks. suffice it to say that over the past few months people have been selling and proximately. in an eighteen to two

hundred twenty million dollars a month but of the euro the depth of this to end. the same amount of business in the myths you know all of this is quite a substantial figure. with its population of nine and a half million people. but once you are with so we hope that within the next few months we will be able to stabilize the currency rates and meet the demands of our economic agents and the people of belarus. you've compared the loans provided for you and for simply you can trees this can pierce in a bit further. have you ever compared the current situation and believe. in greece who portugal their economic situation is extremely difficult. as. you say that the situation in believe is better or worse yet. can tell you all fish really well the situation and. those countries at least as far as i know are facing as systemic

crisis what we have it's not a crisis it's just somewhat difficult it is in certain sectors of our economy. but these difficulties don't affect the manufacturing industries or our social commitments. those areas are working towards really as they should. we have economic growth the government provides funds for all the social programs which we have a slight budget surplus. surplus not deficit. by the way those are the obligations that we assumed together with our common economic space partners to get this saloon or yeah from the. questions fond you could. just go for it my final question and another quote of yours speaking about selling the bill transit. said

a quote no problem with the well being is to have billion dollars and you can have it tomorrow if you like as if we want to deal with this they would include natural gas prices that's what we are currently working on our end quote so are you making progress in your talks with gazprom gazprom willing to budge on the issue of prices . what happens here sometimes is a sort of misinterpretation but if people think that selling the remaining fifty percent of the bill trance gas that they were you know wanted to be able to pay the russians domestic prices or at least to get is special price screen's pence in reality though this is a principled position that we have made this decision incidentally this was a russia's initiative not ours. also what we are saying is that we need a clear pricing a formula for natural gas for a longer term. how do you turn. in the process ship idiot we think that at the end of the day when we should arrive at profitability for you those days to me we

realize of course that this can't happen overnight which we all i mean both belarus and russia we all should know that the gypsy in three years all prices will be at the same level problem world and so spicy with thank you very much for being with us and just a reminder that my guest on the show today was me high yield nestle called h. the prime minister bellerive and that's it for now from all of us here spotlights will be back with more crystal comments all of what's going on. outside of russia as the lead stay in the party and take care.

in india. the move to joint the hotel rooms. the gateway hotel the grand imperial truly the toast was the. most delicious to

see don't need to go and. run to the kennel was a photo retreat. once inside the food the bodies were everywhere poor. where the life of. divers continue the task of bringing bodies of victims to the surface following sunday's sinking of the volga river cruise ship this is a former captain claims he raised the alarm years ago over the ship's condition he says the vessel was run on a shoestring budget and needed constant maintenance throughout the voyage. rupert murdoch's bid for the u.k.'s biggest satellite broadcaster b. sky b. crumbles under political pressure as the hacking scandal spreads beyond britain and senators in the us now calling for an inquiry in reports that journalists from murdoch papers tried to bribe police for information after nine eleven. more trouble for the eurozone as the irish economy slides for other e.u.

central bankers here italy and spain may be heading for their own financial abyss brussels is concerned that it won't have enough cash in its euro bailout fund to meet italian debt. sticking with financial troubles up next part one of the alone to show reports on u.s. debt issues and if washington may have to print more currency stay with us on our. for the feast we've got. the biggest issues get voice face to face with the news makers. welcome the loner show where you get the real headlines with none of the mersey come alive out of washington d.c. now and i will take a look at what ben bernanke said when testifying on the hill will there be or will

there not be a q e three that a new poll shows that opinions towards america in the arab world are lower now than they were under president george w. bush sounds like obama is really scoring up that and these days newsrooms are emptying while p.r. firms are bulking up so how could that trend change journalism as we know it we're going have all of that and more for you night for you tonight including a dose of happy hour but first let's take a look at what the mainstream media has decided to miss. well if you thought the you never had to hear about casey anthony again and boy did you think wrong turns out that she's going to be leaving jail this sunday and in anticipation for that day the mainstream media has already managed to force her back on the audience into the top of their hour newscast and already started asking all of those stupid questions that quite frankly nobody wants answered. come sunday to see but it may be a free woman but her legal troubles they're far from.