New rules on Belarusian deposit market will reduce people’s interest in bank deposits
Decree No 7 of November 11th, 2015, has introduced irrevocable deposits, early termination of which would be impossible without the bank’s agreement. read more
20% of Belarus state companies unprofitable
In January-September 2015, Belarus had 1,572 loss-making organizations or 19.9% of the total number of organizations. The amount of the net loss of these companies during this period amounted to 27.1 trillion rubles, which is three times more than in January-September 2014. read more
Wealth tax: banks reduce interest rates on old deposits
While the management of the National Bank explained to reporters the details of the introduction of the new Decree #7, which imposes a tax on deposits, banks added to the system new deposit products. read more
Belarusian Investment Forum opens in Istanbul
Belarusian PM Andrei Kabyakou is paying a working visit to Istanbul, Turkey. Belarus is building its relations with investors on the basis of international principles, he said during the visit. read more
New Belarusian banknotes printed in UK, coins minted in Lithuania and Slovakia
On November 10, a Euroradio journalist visited the National Bank repository to see the new Belarusian money. The banknotes that will be in circulation after the denomination on 1 July 2016, were printed in the United Kingdom. The coins were minted in Lithuania and Slovakia. The National Bank read more
Wage arrears in Belarus double one month after election
According to the data published by BelaPAN with reference to the National Statistics Committee, wage arrears in Belarus have doubled over the last month. While on October 1, arrears amounted to 27.9 billion rubles, as of November 1, they were already 52.4 billion. read more
Lukashenka: Reducing inflation rate is a priority
Alyaksandr Lukashenka has called the reduction of the inflation rate a top priority of the financial policy in 2016. He announced it at a meeting with Minister of Finance Uladzimir Amaryn on November 9. read more
National Bank does not expect higher prices due to denomination
The National Bank of Belarus does not expect a rush in exchange offices due to the the planned denomination of the Belarusian ruble. This was announced on November 5 at a press conference in Minsk by Deputy Chairman of the National Bank Dzmitry Lapko. read more |