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Venezuela's GDP will decline by 12% in 2017, and inflation will reach almost 653% by the end of the current year, and in 2018 it will exceed 2300%, according to the report of the International Monetary Fund (IMF). "The deepening political crisis in Venezuela is a serious impediment to economic activity, which is projected to contract by more than 1......

Saudi Arabia is set to drastically cut oil supplies next month. This is reported by Bloomberg with reference to the message of the Ministry of Energy of the kingdom. The decision to drastically cut oil exports came after the recent visit of King Salman bin Abdulaziz Al Saud to Moscow, where he met with Russian President Vladimir Putin. State oil monopoly Saudi Aramco will cut oil exports by 56.......

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 ...

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...

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%, ...

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...

The crisis in Russia is over! Our economy is growing! For the past month, officials have been repeating these words like a mantra. And, apparently, in order to inspire confidence in the people, they are bombarded with data on GDP. The other day, Rosstat reassured that in the first quarter of 2017, in annual terms, the Russian economy, according to preliminary estimates, grew by ......

The Russian Ministry of Energy is preparing proposals providing for more favorable conditions for oil products from Belarus, and we are talking about tariffs for both Russian Railways and ports. Deputy Energy Minister Kirill Molodtsov told reporters about this on the sidelines of a press conference dedicated to the St. Petersburg Gas Forum, TASS reports. “We will create conditions for them not to ...