Belarusian government will raise retirement age and will preserve monopoly in pension sphere
President Lukashenka is preparing public opinion for significant cuts in state’s pension obligations. The decision to reduce social protection with regard to pensions was likely made before the start of the presidential campaign. The authorities have planned substantial cuts in social protection read more
Belarusians’ real income 5.7% down
The real income is the income after all the taxes and bills are paid. It corresponds to the index of the consumer prices. read more
Tobacco and fuel excise duties to rise sharply
Excise duty rates for motor fuel and for cigarettes will rise 50% — from 13% to 37%. When the head of Belarus this year warned of the imminent increase in excise duties, he promised that the money that the government will get from the tobacco price increase will be spent to the development of read more
Roman Abramovich to invest in Belarusian plant
This year a pharmaceutical factory was built in Beshankovichy which will attract investments from Lithuanian, Belarusian and Indian businessmen, as well as Abramovich. read more
Uber partners in Minsk losing licenses, planning to sue
The license of one of the transport companies, which cooperated with the Uber had its license stopped. Another similar company expected to lose its lisense soon. read more
Pension age may start being increased in Belarus on January 1, 2017
Belarus may consider the possibility of gradually increasing the pension age starting from January 1, 2017, Minister of Labour Mariana Shchotkina announced after a meeting with the President on March 10. The final decision will be made after a broad debate. read more
Inflation rate in Belarus – 4.8% since January 2016
The prices for goods and services went up by 2.9% in February 2016 in comparison with January and by 4.8% – in comparison with December 215, the National Statistic Committee reports. read more
Belavia reduces ticket prices
Belavia has reduced the prices of air travel for its passengers. It was the response to the decline in world prices for aviation fuel. read more
Facebook buys Belarusian company MSQRD
Facebook has bought the Belarusian company that made the application MSQRD. This software allows putting on masks online and making selfies and videos in them. Over 10 million people are using this application now. read more |