ECONOMY



National Bank CEO: Belarus’ enterprises don’t have significant problems in conducting cross-border payments

... very difficult challenge for our economy, since there have indeed been ...

28.03.2024
Belarus , Kallaur , National Bank , economy , cross-border payments

Kallaur: pace of bank lending to economy outpaces GDP growth

... the normal functioning of our economy, Chairman of the National Bank ... for further lending to the economy,” explained Pavel Kallaur. “We have ... is very important, because the economy needs long-term resources used ... pace of lending to the economy, “Last year, both enterprises and ... in banks’ demands on the economy was 19 percent (I’m ... pace of lending to the economy is outpacing GDP growth, indicating ... we should not allow the economy to become unbalanced at the ...

28.03.2024
Kallaur , Belarus , economy , National Bank

National Bank CEO: Belarus’ enterprises adapted to external shocks over past three years

... the most difficult ones, the economy will work, and the only ...

28.03.2024
kallaur , economy

Expert on collective West’s economic narrow-mindedness

... against the stability of the economy, the finances of the national ... sanctions could be on our economy.” However, it didn’t work ... the country’s leadership, “The economy mobilised its efforts, began to ...

27.03.2024
Avdonin , economy , West , Europe

Moving along the steady growth trajectory

... trends prevail in the Belarusian economy ALEKSANDR KULEVSKY Last October, ... appointment of Yuri Chebotar as Economy Minister, on January 4th, ... forecasts of skeptics, the domestic economy continues to develop dynamically. ... plan. First Deputy Minister of Economy Andrei Kartun ALEKSANDR KULEVSKY “ ... noted First Deputy Minister of Economy Andrei Kartun. “Two drivers ... the First Deputy Minister of Economy pointed out. External contour As ... According to the Ministry of Economy, sales to Asian countries, ...

27.03.2024
Belarus , economy , growth , GDP , Kartun

Expert: new global financial architecture will be formed regardless of US economic problems

Many parties in the world are tired of the long-term Western hegemony: the sanctions policy, the organisation of barriers to energy supplies, and the destruction of existing logistics routes. The countries of the ‘golden billion’ now face high inflation, a decline in industry and investment, a decrease in the standard of living of their population, and an increase in social tension. In recent times, the US Dollar has experienced a serious blow: an increasing number of countries are switching to ...

14.03.2024
dollar , economy , Kovalev , opinion

The South Pole of attraction

... existing crisis in the global economy by increased military spending ... . Nevertheless, such a war economy allows supporting GDP growth only ... 10 world’s fastest growing economies last year, according to TradingEconomics ... country considering its export-oriented economy. With the assistance of our ... material export model of African economies makes them extremely dependent on ... development of new sectors of economy and the implementation of ... promising driver of the global economy. Yet, only those countries ...

12.03.2024
Belarus , Africa , co-operation , economy , geopolitics

Powerful forward movement

Safety, eco-friendliness, innovation, design aesthetics — what other aspects BELAZ focuses on The road in the automotive industry of this technologically advanced and powerful auto giant, which can be compared to the symbol of Belarus — the bison, was not always so smooth. The company experienced ups and downs. Still, even in the difficult 1990s, thanks to the President’s support and talent of the plant’s leadership, BELAZ not only did not sink into oblivion, but even entered a new stage. It ...

12.03.2024
BELAZ , economy , industry , quality , development

Opinion: Belarus moving towards export diversification

Western sanctions against Belarus and Russia, including secondary restrictions imposed against a number of Central Asian countries, cause certain tensions in the multilateral interaction of the EAEU. Director of the Centre for European Integration, political scientist Yuri Shevtsov shared his opinion whether this affects the process of economic integration of the ‘five’ states. “Of course, it affects because the collective West – represented by the European Union – squeezed Belarus out of a very ...

06.03.2024
Belarus , economy , export

MAZ is building a new bus factory

Minsk Automobile Plant (MAZ) is entering a new stage of development. It has launched the construction of a new bus factory, where passenger buses will be produced under the most advanced technologies. In the near future, residents of Belarusian and Russian cities will be able to appreciate the quality and comfort of new transport. Aleksey Vyazmitinov MAZ started the production of city buses back in 1992. For the first time in the former USSR, a passenger car was made according to a modern ...

05.03.2024
MAZ , economy , electric , bus , factory

Rogozhnik: Industry Ministry to focus on African and Asian markets

Diversification of export supplies is currently the main task facing the Industry Ministry – as noted by Belarus’ Industry Minister Aleksandr Rogozhnik “Last year we did well both in terms of production volumes and exports. At the same time, deliveries to Russia accounted for more than 90 percent of total exports. Over the last three years, we have expanded exports for almost all groups of goods. However, diversification is the main task set nowadays by both the President and the Government. We’ ...

01.03.2024
Belarus , Industry Ministry , economy , Rogozhnik

The welfare matrix

... measures aimed to support the economy, normalise the situation on the ... . The logic is simple — stable economy and positive dynamics ensure higher ... Living Standards Forecasts at the Economy Research Institute of the Ministry ... of Economy. “In addition, the salary level ... . DIRECT SPEECH Deputy Minister of Economy Andrei Kartun, “The implementation of ... average. Salary growth in the economy is planned to be at ...

21.02.2024
belarus , economy , welfare , household , income

They make it hot

How the businesslike character of Belarusian metallurgists is tempered In order to maintain a strong position in the market, the management and employees of the Belarusian Steel Works (BMZ trademark) needed to show an iron character. Due to sanctions, including personal ones, BMZ — the Management Company of the BMC Holding, is prohibited not only from exporting steel products to the EU, but also from using the transit corridor through these countries. The plant accepted the challenge and began ...

13.02.2024
economy , production , BMZ , metallurgists

Bloomberg: Germany losing its status as industrial superpower

... country to ruin. Earlier, German Economy Minister and Vice Chancellor Robert ... also admitted that the German economy is losing competitiveness due to ...

12.02.2024
Germany , economy

N. Korea ends economic liaisons with South

The Supreme People's Assembly of the DPRK voted to cancel all agreements with South Korea on the development of economic co-operation amidst the ongoing deterioration of relations between the two states, Reuters reports Photo: www.reuters.com The assembly, which makes official decisions of the ruling Workers' Party of Korea, also voted to repeal the laws governing economic ties with Seoul, including a special document on the work of the tourist project on Mount Kumgang. "The tours to the ...

09.02.2024
south korea , North Korea , economy , co-operation

A sign of strength and health

... Institute of the Ministry of Economy, Candidate of Economic Sciences, Associate ... through Ukraine, but through the economy, through us.” At a meeting ... the coordinated development of the economy in the interests of man ... material. Recently, the Ministry of Economy summed up the results of ... expectations. In general, the Belarusian economy has demonstrated a high degree ... the prospects for the global economy. Nevertheless, the West’s focus ...

06.02.2024
economy , society , development , NSDS

Media: German exports fell more than expected in December

... was difficult for the German economy, with exports dropping, farmers organising ...

06.02.2024
Germany , economy , exports

Expert: Union State programmes gave powerful stimulus to the development of Belarus’ economy

... Union State programmes, the Belarusian economy began to develop more actively ... the development of the Belarusian economy. I won’t give specific ... the active development of the economies of Russia and Belarus is ... Union State construction and the economy of our states in every ...

06.02.2024
Yelfimov , Union State , Belarus , Russia , economy

Belarus’ Economy Minister on the development concept of Belarusian economy

The Belarusian economy must develop at a pace ... than the world economy – as noted by Belarus’ Economy Minister in his ... year, the Head of the Economy Ministry noted, “We proceed from ... the concept that our economy should develop at a faster ... pace than the world economy.” According to Yuri Chebotar, the ... Belarusian economy has become as adaptive as ... experience of previous years,” the Economy Minister underlined. Yuri Chebotar noted ...

06.02.2024
Belarus , chebotar , economy

India’s Finance Ministry forecasts its national economy to annually grow by 7%

... the coming years, India's economy is expected to grow by ... Finance Ministry in its Indian Economy – A Review report and made ... to become the third-largest economy in the world, with a ... of the domestic demand, the economy has achieved growth rates of ... to become a $7 trillion economy in the next six to ...

05.02.2024
india , economy

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