World Bank: Belarus' GDP to start growing in 2017
The Belarusian Gross Domestic Product will start growing in 2017, the World Bank experts think. They are predicting a decrease by 0.5% this year. The Belarusian GPD will start growing by 1% a year in 2017 and 2018, BELTA reports. read more
Some 1,500 market vendors gather in Minsk to discuss tough new rules
Some 1,500 market vendors gathered at the conference hall of Hotel Belarus in Minsk on Monday for a forum that focused on the ban on the sale of goods without accompanying documents that took effect on January 1. read more
Lithuania urges neighbors not to acquire energy from nuke plants in Belarus, Russia
Lithuania’s Energy Minister tried to talk neighboring countries out of purchasing energy from nuclear power stations that are being constructed in the Belarusian town of Astravets and Russia’s Kaliningrad region. read more
IMF warns Minsk against wage targets
The Belarusian government should not set wage targets, International Monetary Fund (IMF) experts say in an analytical paper exploring the causes of recent currency crises in Belarus. read more
Belarus Labor Ministry: The retirement age won’t be raised in 2016
Belarusans shouldn’t expect the raise of the retirement age in 2016, stated the representative of the Belarusan Labor and Social Protection Ministry, at the press conference on 4 January. read more
Cheap European goods from Ukraine to not reach Belarus
Since January 1, the European goods have been exempt from Ukrainian duties and, respectively, are cheaper for Ukrainian consumers. In 2011, an agreement on free trade zone was signed by the CIS member states. Accordingly, European goods imported through Ukraine may soon also appear on the read more
Belarus to reduce energy import by almost 11% in 2016
Belarus will reduce the import of energy by almost 11% in 2016. The import from Russia will total 2.5 billion kwh, the press service of the Ministry of Energy reports. It totaled 2.8 billion kwh last year. read more
Trade ministry denies non-food products market collapse in Belarus
The Belarus Ministry of Trade denies a collapse in the country's non-food products market. This was recently announced by the Perspective, a national public association of self-employed small-size entrepreneurs, reporting on the 90% of shopping centers and markets stopping their operations on read more
Belarus’ economic performance in 2015 depends on oil prices
The Belarusian government has envisaged economic growth in 2016 at 0.3%, based on the annual oil price of USD 50 per barrel on average. Due to slumped oil prices in late 2014 and early 2015, the economic forecast for 2015 was not met. If oil prices remain at USD 40 per barrel, the 2016 forecast read more
Kazakhstan blacklists Belarusian products
Some Belarusian manufacturers ignore the Kazakh language, or do not observe microbiological standards of the Customs Union. read more |