July 20, 2004

Edict of the President of the Republic of Belarus of July 9, 2004 No. 320 brings in alterations and amendments to the Regulations on Procedure and Terms for Obligatory Insurance of Civil Liability to Owners of Vehicles approved by the Edict of the President of February 19, 1999 No. 100. According to the changes the special permits (licenses) to carry out the insurance activity may be issued to the insurance organizations that are state-owned legal persons or in the authorized funds of which there are more than 50% belonging to the Republic of Belarus, local administrations or to other state-owned legal persons.

Decision of the Council of Ministers of the Republic of Belarus of July 8, 2004 No. 836, in particular, brings in alterations and amendments to the Decisions of the Council of Ministers of the Republic of Belarus of April 8, 2002 No. 440 and February 19, 2003 No. 208 concerning importing and turnover of beer from the countries of the Customs Union. Among other changes, the Decision establishes that storage and transporting of beer on the territory of the republic at the amount exceeding 50 liters is carried out only when there are documents confirming the legality of its possession.

Decision of the Ministry of Economy of the Republic of Belarus of June 28, 2004 No. 159 approves the Instructions on Assessment and Procedure of Sale of an Enterprise and Other Property of a Debtor Being in the Process of Economic Insolvency (Bankruptcy). The Instructions determines the order of holding and methods of assessment of enterprises, assets, some kinds of property and property rights belonging to a debtor as well as the procedure of sale of the mentioned property. According to the decision assessment may be carried out in any stage of the bankruptcy case. The right to assessment belongs to temporal (anti-crisis) manager if he/she represents a legal person dealing with assessments and is an appraiser having the experience of assessment not less than 2 years, or to assessment organization.

Law of the Republic of Belarus of July 5, 2004 No. 302-Z brings in alterations and amendments to the Law of the Republic of Belarus On Quality and Safety of Food Raw Materials and Food Products for Human Life and Health and gives, in particular, the definition of food products as products in natural or reprocessed form consumed for nourishment including production of childrens feeding and diet products, non-alcohol drinks, chewing gum as well as alcohol products and beer. Besides, the Law was amended with article 11 Requirements to Provide Quality and Safety of Food Raw Materials, Food Products and Biologically Active Food Supplements.

Decision of the Council of Ministers and the National Bank of the Republic of Belarus of July 13, 2004 No. 856/9 brings is alterations and amendment to the Decision of January 9, 2002 No. 18/1 On Reception of Cash Money at Sale of Goods (Works, Services) and on Some Questions of Use of Cash Adding Machines and Special Computer Systems. According to changes, in particular, the Decision lists the cases when legal persons and individual entrepreneurs have the right to accept cash without using any cash adding machines and (or) special computer systems.