The international rating agency Standard & Poor's raised the long-term sovereign credit rating of Belarus for liabilities in foreign and national currencies to the level of "B" and maintained a stable outlook. The short-term foreign and local currency rating was affirmed at 'B'. This is stated in the message of the agency. S&P said Belarus' GDP growth and the provision of external financing contri...
The Rosselkhoznadzor notes the excess of the volume of supplies of tomatoes from Belarus compared to the planned one by 2.3 thousand tons. At the same time, as the department points out, the fact that Belarus itself has begun to buy more tomatoes from Turkey is alarming. According to the press service of the Russian department, this issue was discussed with the director of the Main State Inspector...
In November, the Belarusian-Venezuelan commission will determine a specific action plan for cooperation between the countries, but "we need to start working now." President of Belarus Alexander Lukashenko stated this today at talks with President of Venezuela Nicolas Maduro in an expanded format. The President of Belarus noted that “we don’t need to start anything from scratch, we need to continue...
In two years, the trade turnover between Belarus and Venezuela has decreased by 50 times. According to official statistics, in 2014 we traded with the Bolivarian Republic for $99.7 million. In 2016, this figure fell to $2 million, and Venezuela did not supply anything to Belarus at all. Last year, Belarus stopped trading potash fertilizers, internal combustion engines, lifts and loaders, road and ...
In August, JSC Russian Railways presented a project of a high-speed railway (HSR) "Eurasia", which should connect China with Western Europe through Russia and Belarus. Minsk has so far refrained from detailed comments on this matter. Either they don't see a subject for discussion yet, or they are afraid of the cost of the Belarusian section of the highway. Cost - $ 118 billion, speed - 25......
Belarus plans to supply 10,000 tons of dry milk to Venezuela. This was announced by Ambassador Extraordinary and Plenipotentiary of Belarus to Venezuela Oleg Paferov. "We are going to supply milk powder , we are concluding a contract for 10 thousand tons. This is a rather big amount," Oleg Paferov said. According to the diplomat, the Belarusian side is ready to export the declared volume of produc...
An updated decree on parasitism is under consideration by the President - and has not yet been signed. FINANCE.TUT.BY learned from the participants of the interdepartmental working group how the project was discussed, what changes they proposed and how (with a high degree of probability) the updated decree might look like. Since March, officials have been working on an updated version of the docum...
The National Bank of Belarus released its September Economic Outlook, with economic sentiment indices for each of the four economic activities surveyed: industry, construction, trade and transport. The composite index of economic sentiment, calculated on the basis of optimism in industry, construction, trade and transport, was at the level of 2.6% in September against 4.5% in August, 4.3% in July ...
The average salary of Belarusians has been growing for the fifth month in a row. In August, average earnings increased across the country by almost 17 rubles. However, wages did not increase in all areas last month. In August, the average wages of both wage leaders and outsiders “shrank”. Thus, specialists who are engaged in information technologies and activities in the field of information servi...
First Deputy Chairman of the Board of the National Bank Taras Nadolny spoke about the results of stress tests conducted in Belarusian banks. “Today, we cannot say that the stress test results are worse than last year. At the same time, there are questions about the quality of the portfolio of banks and problem debt, which practically does not decrease,” he said. According to Nadolny, as of Septemb...
The IMF does not intend to resume negotiations with Lukashenka. The mission of the International Monetary Fund will work in Minsk from October 26 to November 10. As First Deputy Finance Minister of Belarus Maxim Yermolovich reported earlier , negotiations on a new program with the IMF have been suspended for the time being. What will the next visit of the IMF mission to Belarus give, the publicati...
The total value of all bitcoins today exceeds $64 billion. This amount is more than the market capitalization of the Russian energy giant Gazprom. Against the background of the rapid growth of the bitcoin rate (and an equally rapid fall), disputes do not stop: bitcoin is the currency of the future or a soap bubble that is about to burst. FINANCE.TUT.BY, together with experts, figured out the futur...
Belarus accumulated almost 70% of the direct investments of Russian residents attracted to the countries of the former USSR (with the exception of the Baltic States) and ranked first in terms of their volume. Of the total amount of $499 million that was invested by Russian companies in the region in the first quarter of this year, Belarusian recipients accounted for $346 million, the Central Bank ...
Since the beginning of the year, the external public debt of Belarus has grown by 14.7%, or $2 billion, taking into account exchange rate differences , to $ 15.7 billion as of September 1, the Ministry of Finance reports. The entire public debt of Belarus as of September 1, 2017 amounted to 39.6 billion rubles, having increased by 2.7 billion rubles, or 7.2%, compared to the beginning of the year....
The National Bank does not share the fears of some banks regarding a possible outflow of capital from the country, Deputy Chairman of the Board of the National Bank Dmitry Kalechits told reporters today on the sidelines of the Belarusian Investment Forum. “We are constantly monitoring the situation on the deposit market, it is quite stable. Of course, the attraction of ruble deposits is no longer ...
A twofold increase in the rate of deductions to the Fund of Required Reserves (FOR) for attracted funds in foreign currency does not contribute to the acceleration of de-dollarization of the economy and reduces the effectiveness of the measures taken by the National Bank in monetary policy earlier. This is stated in a letter from the management of Belgazprombank to the Association of Belarusian Ba...
The Board of the National Bank decided to reduce the refinancing rate from 11.5% to 11% per annum from October 18, 2017, the press service of the National Bank reported. This is already the eighth rate cut this year, the first six cuts were in increments of 1 p.p. “Inflationary processes continue to slow down. In August 2......
There are many reasons for this. But one of them was clearly demonstrated to us the other day. This photo was taken at the German Aerospace Research Center. The catchphrase from The Terminator: "I'll be back!" Parliamentary elections were held in Germany on Sunday. It would seem that the parties included in the ruling coalition - the Christian Democrats and the Social Democrats - can count on the ...
Judging by the latest statistics, Belarus is gradually coming out of the crisis. According to Belstat data, the situation in the economy continues to improve. For example, in January-August 2017, the country's GDP grew by 1.6% compared to the same period last year. In addition, other important economic indicators are also encouraging: industrial output rose by 6.1%, agricultural output - by 3.6%, ...
After the death of the 94-year-old daughter of the founder of L'Oreal, Liliane Betancourt, the list of the richest women in the world has undergone significant changes. The Frenchwoman has held the top spot on the Forbes list for the past few years, but now another woman is at the top. According to Forbes, Betancourt was worth $44.6 billion. She was called the richest woman in history. At the time...
The number of Belarusians who fell below the poverty line continues to grow. According to a sample survey of households in terms of living standards, in January-June, 6% of the population were poor, Belstat reports. For comparison: for the same period last year, this figure was 5.5% of the population, and in 2......
The Federation of Trade Unions proposes to make mandatory the extension of contracts with conscientious workers or transfer them to an open-ended employment contract with all additional social guarantees preserved. This was stated by the leadership of the FPB during a working meeting with deputies of the House of Representatives and members of the Council of the Republic of the National Assembly. ...
The key document on liberalization in the Belarusian economy - the draft decree "On the Development of Entrepreneurship" - was submitted for consideration by President of Belarus Alexander Lukashenko during a working meeting with First Deputy Prime Minister Vasily Matyushevsky. “We continue to talk about documents, regulations that will contribute to the liberalization of our economy,” the head of...
This opinion was expressed by Xu Dandan, Senior Vice President of Pin DoDo, during the Russian-Chinese forum "Moscow-Beijing: trade, economic and cultural cooperation on the Silk Road." “There is indeed a very strong demand for dairy products in China, but so far we only import from Germany and other EU countries. As for Russian products, there are still very few of them on the market,” said Xu Da...
The volume of the financial market is currently several times larger than the volume of the real sector of the economy, at the end of 2011 the volume of world GDP was 62.9 trillion dollars, the volume of the world financial market was more than 250 trillion dollars, a quarter of which was in the US financial market 64, 2 trillion dollars With the development of globalization, the financial sector ...
The average salary in Belarus rose to 844.4 rubles in August, Belstat reports. Recall that it was 827.5 rubles. In terms of the weighted average dollar rate for August, the average salary was almost $435 (a month earlier - $423). Recall that in April of this year, the president said that a salary of 1,......
September 25, Minsk / Corr. BELTA/. Belarus and Chechnya have a serious potential for the development of trade cooperation and industrial cooperation, Prime Minister of Belarus Andrei Kobyakov said today during a meeting with the head of the Chechen Republic of the Russian Federation Ramzan Kadyrov, BelTA has learned. During the meeting, the parties discussed promising areas of cooperation. “First...
Scale of the disaster The Central Bank is accustomed to the official role of an excellent student. Still, he managed to realize the goal that seemed unattainable to most - he tamed inflation, lowering it below the cherished 4%. This is a showcase of the exhibition of achievements of the Russian authorities in the economy. As it turns out, with a spreading crack right in the middle. The Central Ban...
On Monday, the cost of futures for Brent crude for November 2017 delivery on the ICE exchange rose above $58 per barrel. The price of a barrel of Brent exceeded $58 for the first time since January 3, 2017. At its peak, the cost of a barrel of Brent reached $58.05, which is more than 2% higher than the previous close. “Oil prices are rising on the back of OPEC statements about following the produc...
In the first half of September, the House of Representatives of the US Congress, following the Senate, voted to raise the "debt ceiling", and President Trump, by his signature, gave this decision the force of law. World markets breathed a sigh of relief - the specter of a US government default has disappeared from the horizon. But he will be back soon, in three months. What kind of horror story is...