Belaruskali: the enterprise that saved Belarus in 2015
Belaruskali, the world's second-largest producer of potash, fared much better in 2015 than the Belarusian economy as a whole. read more
Belarusian ruble devaluation reaches 13.6% in 2016
The Belarusian rouble devalued by 13.6% in the first 22 days of 2016. The dollar exchange rate was 18 569 roubles a dollar on December 31 2015 and is 21 095 now. read more
Ministries of Belarus, Lithuania sign two-year tourism cooperation agreement
The Ministry of Sports and Tourism of Belarus and Lithuania’s Economy Ministry have signed a program of cooperation in the area of tourism for 2016 and 2017. read more
Vadzim Iosub: No instant impoverishment - we will be stepping into this state steadily and smoothly
The current economic situation is “freshly challenging” for reforming the Belarusan model; however, the problem is that the authorities “do not give active response to these stimuli”. read more
Belarus raises transit tariffs for Russian crude oil
The tariffs for transportation of crude oil via Belarus-owned pipelines will grow by 10.4%, according to the Economy Ministry's Resolution No 2 published on January 22 on the National Legal Internet Portal. read more
Market vendors in Brest give authorities ultimatum
Market vendors in Brest will reopen their stalls only after Alyaksandr Lukashenka’s edict that bans the sale of goods without accompanying documents is abolished, stallholder Larysa Bytsko told BelaPAN after a meeting between a group of vendors and a local government official on Wednesday. read more
Currency market situation in Belarus is threatening banking system stability
In December 2015, the outflow of foreign currency and ruble household deposits from the Belarusian banking system persisted due to reduced interest rates. The state lacks funds to compensate for the deposits loss and if situation deteriorates rapidly, it may restrict citizen’s access to their read more
Belarusian ruble plunges
On Thursday January 21, Belarus' National Bank set new exchange rates, following the trading at Belarusian Stock and Currency Exchange. US dollar grew as much as Br1103 up to 21 564. Euro gained Br1388 climbing at 23 779. Russian ruble grew from 256.97 up to 260.24 Belarusian rubles. read more |