Describing economic changes

FOCUS ON FUNCTIONS

May (2), should (2), must (2), cannot, can

1. The Belarusian construction materials sector ___ benefit from the construction boom.

2. The two companies ___ be transformed into a single corporate entity because they operate in the same processing chain.

3. This means local authorities ___ have had all the documents approved and are now ready to draw up the lists of the companies.

4. Under the Investment Code, compensation of the value of nationalized or requisitioned property ___ be equal to the market value of the property determined under the procedure established by the President.

5. The rate of profit tax comprises 50% of the commonly applicable rate (currently 24%) and in any event ___ exceed 12%.

6. If deciding to run a business in Belarus via a representative office, one ___ take into account that any activity is always conducted by the office on behalf of the foreign company.

7. A foreign citizen ___ be appointed a Director/ member of the Board of Directors in any LLC.

8. National taxes and duties are established by law and ___ be paid through Belarus.

5. Open the brackets and use the verbs in proper passive form.

1. Within the past few years, several large-scale projects (announce) in Belarus. However, no modern logistics complexes (build).

2. Aggregate investments in the project (plan) at US$ 140 million.

3. In 2007, the largest transaction (complete) in the Belarusian Telecommunications sector.

4. 70% of GDP still (produce) by state-controlled enterprises.

5. International appraisers, especially the Dutch ABL AMRO, (engage) to evaluate NAFTA and Polymer soon.

6. In early 2008 the first list of objects offered for concession (approve) by the Belarusian Government.

7. A CJSC (not allow) to offer its stock for public subscription.

8. The rate of profit tax comprises 5%, unless more favourable conditions (set) by international agreements.

1. Study the figures in the table below. Speak about the changes in key economic indicators over the 2001-2008 period using the following phrases:

Going up	Going down	No change
to increase by …% to rise from … to … to improve rapidly to grow substantially to go up step by step to take off to shoot up	to fall steadily to drop slowly to decline gradually to go down slightly to fall off dramatically to decrease to lessen	to remain stable, to level off, to stay at the same level to continue to be to go on as

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