The representatives of the Bank were impressed with the results of EBRD-Belarus joint projects.
We believe there is room for expanding our activity in the country even in the conditions of the calibrated strategic approach”, said EBRD Director for Ireland, Denmark, Kosovo and Lithuania Sean Donlon at the meeting of Belarusan Premier Mihail Miasnikovich.
The EBRD official noted that “the bank representatives were impressed with the results of the joint projects”. He added that the EBRD delegation had come to Belarus to hear out Belarus' proposals and consider them at the meeting of the bank's Board of Directors scheduled for next week, BELTA informs.
Mihail Miasnikovich stressed that the total volume of lending is not small but could have been bigger. Thus, according to him, the number of projects has reduced and the sum of loans has become more modest. “I believe that the reason is in the calibrated approach used by the bank, which hampers our cooperation,” the Belarusan head of state said. The Premier expressed hope that his opinion would be heard and taken into account by the EBRD.
Belarusan PM also noted that Belarus sat at the headwaters of the foundation of the European Bank for Reconstruction and Development and became one of its first members. The bank has implemented a number of big projects in Belarus, including in road construction, communications and energy.
Speaking about the relevant structural reforms in Belarus, Mihail Miasnikovich noted that the government has been gradually implementing them jointly with the National Bank. “I assume that the resources of the bank could be a good help in the implementation of these processes,” the Prime Minister said.
EBRD is a big investor in Belarus. As of 1 September 2014, the bank allocated over €1.5 billion under 66 projects. Of them €883 million have been invested in the last five years.
The delegation of the EBRD Board of Directors is in Belarus on a five-day visit which started on 22 September. The visit will cover several Belarusan cities, including Smorgon, Fanipol, Baranovichi and Minsk.
The Belarusian government has invited the European Bank for Reconstruction and Development (EBRD) to prepare five large state-owned companies for privatization.
Officially, the unemployment in our country is reducing – if judging by the number of registrations at the labor exchange; however, the number of jobs doesn’t increase in the economy.
Recently Belarus State Military Industrial Committee announced that in the first half of 2016 its enterprises earned a net profit of $80m, thus over-fulfilling the assigned export plans by a quarter.
Poor economic conditions in the countryside, restrictions, unfair competition, inefficiency of state-owned agricultural enterprises also contribute to this ‘success story’, writes Aliaksandr Filipau.
On 20 June Lukashenka met with vice-chair and president of the Chinese CITIC Group Corporation Wang Jiong; it seems especially important in light of Lukashenka’s planned visit to China in September.
All the conditions for everyone to be able to earn a decent salary have been enabled in Belarus, however, it is necessary to make some effort to get the money, assumes the president.
Belarus is losing currency earnings – in the 6 months of 2016 the country earned 3 billion less than in the same period in 2015. Instead of removing the causes of the flop the state relies on magic.
He said Belarus would likely face economic tightening not only as a result of the coronavirus pandemic but also a Russian trade oil crisis that worsened this past winter.
In his report, philosopher Gintautas Mažeikis discusses several concepts that have been a part of the European social and philosophical thought for quite a time.
It is impossible to change life in cities just in three years (the timeline of the “Agenda 50” campaign implementation). But changing the structure of relationships in local communities is possible.