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Other news section «Economy»

Despite the demonstrated attempts, the official Minsk is likely to refrain from structural reforms
Despite the demonstrated attempts, the official Minsk is likely to refrain from structural reforms
The Belarusian authorities think they have achieved their goal and made the IMF representatives believe they are ready for structural reforms.  17.11.2015 | 10:05
Lithuanian Prime Minister swore off to buy electricity from Astravets nuclear power plant
Lithuanian Prime Minister swore off to buy electricity from Astravets nuclear power plant
Lithuania is not planning to buy electricity from Astravets nuclear power plant that is being constructed close to Belarus-Lithuania border in the future.  15.11.2015 | 12:18
Lukashenka signed a Decree that orders to tax interest rates on short-term deposits
Lukashenka signed a Decree that orders to tax interest rates on short-term deposits
Banks will make the necessary charges. Foreign currency deposits will be taxed in rubles  15.11.2015 | 10:53
Vadzim Iosub: Usual denomination puts an end to the era of poor monetary and credit policy
Vadzim Iosub: Usual denomination puts an end to the era of poor monetary and credit policy
A consensus appeared: reforms should happen and will happen – there is no alternative to them.  09.11.2015 | 08:27
Third IMF Mission is expected to pay a visit to Minsk
Third IMF Mission is expected to pay a visit to Minsk
An International Monetary Fund (IMF) staff team will visit Belarus on 9-19 November.  05.11.2015 | 08:34
Belarus to introduce denomination and new currency from July 1 next year (photo)
Belarus to introduce denomination and new currency from July 1 next year (photo)
On November 4 Lukashenka signed decree No. 450 “Concerning the redenomination of the official currency of the Republic of Belarus”.  05.11.2015 | 07:57
Stanislau Bahdankevich: It isn’t normal when all economic profit is only covering losses
Stanislau Bahdankevich: It isn’t normal when all economic profit is only covering losses
The World Bank’s evaluation of Belarus’ way out from the economic crisis is relatively positive. But only if the structural reforms are organized, which Belarusan authorities still cannot decide on.  04.11.2015 | 09:26
Head of World Bank in Belarus: Without deep reforms recession can be deeper,longer and repeat itself
Head of World Bank in Belarus: Without deep reforms recession can be deeper,longer and repeat itself
Shared sense of responsibility and support for reforms by each member of the society are often determining factors for successful outcome, claims Young Chul Kim, World Bank Country Manager in Belarus.  04.11.2015 | 08:23
Leu Marholin: All talks about the “inner resources” of economy are cunning
Leu Marholin: All talks about the “inner resources” of economy are cunning
Starting from the times when Russian economy has collapsed, all Belarusan inner resources could be considered wasted.  28.10.2015 | 10:02
BEROC: In the last month before president elections Belarusian economy continues to disappoint
BEROC: In the last month before president elections Belarusian economy continues to disappoint
Although decline in GDP has slowed, the -3.5% growth has failed to impress. The Belarusian ruble continues to depreciate as oil prices plunge, writes Kateryna Bornukova.  05.10.2015 | 09:52
Belarus finally reforms its economy; however, the reforms are rudimentary and slow
Belarus finally reforms its economy; however, the reforms are rudimentary and slow
On 26 September in New York, Alexander Lukashenka met with IMF chief Christine Lagarde. They discussed prospects for an IMF-supported programme, informs Ales Alachnovich.  02.10.2015 | 10:17
Belarusian regime
Belarusian regime's administrative tools remains helpless against the economy's dollarization
In 2009 National Bank devalued Belarusan ruble by 20%; within a few months in 2011 it devaluated by almost 3 times; in 2014 National Bank introduced a 30% temporary tax on purchasing foreign currency.  29.09.2015 | 11:10
Belarusan authorities will publish a five-year program of structural reforms in October
Belarusan authorities will publish a five-year program of structural reforms in October
Taras Nadolny, First Deputy Chairman of the Board of the National Bank of the Republic of Belarus has made this statement recently.  28.09.2015 | 10:19
Point of view: Beijing wants little more than potash from Belarus
Point of view: Beijing wants little more than potash from Belarus
The entire modern history of Belarus is linked with the People's Republic of China, writes Siarhei Bohdan.  24.09.2015 | 09:15
Wider variety of cheaper goods of better quality make Belarusans do shopping abroad
Wider variety of cheaper goods of better quality make Belarusans do shopping abroad
Belarusians will prefer to shop abroad as long as the Belarusian authorities sustain the old ineffective economic system, which produces many uncompetitive and unwanted goods, writes Ales Alachnovich.  11.09.2015 | 10:54
Barys Zhaliba: Abandoning dollar as suggested by Putin means giving up our economy to Moscow
Barys Zhaliba: Abandoning dollar as suggested by Putin means giving up our economy to Moscow
According to the economist, the suggestion to proceed to the payment in national currencies within the CIS “bears obvious traces of the Russian ruble”.  11.09.2015 | 09:16
Stanislau Bahdankevich: creeping devaluation is coming
Stanislau Bahdankevich: creeping devaluation is coming
The former chairman of the National Bank comments on the prospects of the domestic currency.  05.09.2015 | 08:07
How Belarusan businessmen move to Lithuania
How Belarusan businessmen move to Lithuania
The current unpredictable economic situation in Belarus, Russia and Ukraine forces businessmen to seek a safe haven for their money and ideas in the West.  03.09.2015 | 09:38
National Bank explained why Belarusan ruble is falling
National Bank explained why Belarusan ruble is falling
Ruble that is setting up records of fall almost each day became a hero of the official comment the National Bank made “due to active discussion of the current situation on foreign exchange market".  21.08.2015 | 11:13
A story of Belarus and Russian food embargo: Commercial success
A story of Belarus and Russian food embargo: Commercial success
What really stands behind this Belarusian commercial success: the hard work of domestic producers or the inventiveness of local smugglers? Igar Gubarevich is trying to find it out.  21.08.2015 | 08:36
Vadzim Iosub: Belarusan ruble will continue falling; without loans we will live for six months more
Vadzim Iosub: Belarusan ruble will continue falling; without loans we will live for six months more
The situation isn’t hopeless now; however, without attracting foreign loans relative calmness in the Belarusan economy will end when 2016 starts.  20.08.2015 | 08:48
Despite the popular myth, Belarusian agriculture is the least effective sector of the economy
Despite the popular myth, Belarusian agriculture is the least effective sector of the economy
It still resembles the USSR era, with Soviet-style collective farms still dominating the market and barely operating without state subsidies, writes Ales Alachnovich.  18.08.2015 | 12:53
EDB head: Belarus won’t do without the structural reform of economy – oil is of no use anymore
EDB head: Belarus won’t do without the structural reform of economy – oil is of no use anymore
The question about $3 billion for Belarus is left open, and the situation for oil-dependent economies of Russia and Belarus is “extremely tough”, assumes Dmitry Pankin.  15.08.2015 | 08:52
Why are Belarusian economic forecasts constantly inaccurate?
Why are Belarusian economic forecasts constantly inaccurate?
According to the official Social and Economic Development Programme 2011-2015 GDP was supposed to increase by 62-68% by the end of 2015. In reality, the growth is likely to hit around 6%.  11.08.2015 | 10:48
Belarus and WTO: A long story of unfulfilled promises
Belarus and WTO: A long story of unfulfilled promises
In 2014 the Russian government decreed it would spend $0.6m on initiatives supporting Belarus’ accession to the WTO, writes Ales Alachnovich.  30.07.2015 | 10:36
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