Unprofitable Belarusian agricultural enterprises will be entitled for tax breaks and privatisation
Before November 1st, 2016, the government will compile a list of agricultural enterprises to undergo financial recovery procedures. Otherwise, they would be unable to repay due debt independently. This measure aims to encourage ownership change at the loss-making enterprises; however, it may lead read more
Belarus cancels fuel export restrictions for drivers
The Belarusian Council of Ministers has cancelled the restrictions imposed on the export of fuel. The corresponding decree (#526 of July 1) will come into force on September 1, 2016. It has been published on the national legal portal this Thursday. read more
Belarus knocks four zeroes off rubel
Belarus knocked four zeroes off the rubel at midnight on July 1 in a third currency redenomination since August 1994. read more
Belarus set to borrow $1 billion from IMF in 2017
Belarus plans to borrow $1 billion from the International Monetary Fund (IMF) in 2017, according to a draft macroeconomic forecast drawn up by the government. read more
Labor Ministry proposes to increase dole
Belarus may increase the size of unemployment benefit up to the subsistence minimum, said head of the employment policy department of the Ministry of Labor and Social Protection of Belarus Aleh Tokun. But the increase in payments is not expected to affect all the unemployed. read more
Russian industry’s indicators reached level of 2015, but Belarusian industry is unlikely to follow
In May 2016, industrial production index in Russia grew for the first time since January 2015. Russian industry has benefited from devaluation of the Russian rouble and falling prices on raw materials and restored production volumes. As competitiveness of Russian enterprises improves, Belarusian read more |