The National Bank of Belarus has brought specifications into the regulations related to the order of defining the foreign currency risks. Here, as the information department of the National Bank told BelTA, the specialists used the provisions of the new Basel II agreement. According to the National Bank such an approach is based on the comprehensive assessment of risks related to banking guarantees and liabilities relating to provision of resources and the risks of clients failing to meet...

On November 10 president of Belarus met with prime minister Sergei Sidorskiy to receive his report, BelTA was informed in the presidential press service. The prime minister informed Alexander Lukashenko about the results of socio-economic development of the republic for 10 months of the current year. On the whole the economy is developing actively and efficiently. GDP grew by 8,6 per cent against 2004. It enables the government to pay pensions in full and to give all social guarantees to...

The Belarusian economy is now on the rise, Alexander Lukashenko has stated during today’s sitting at the Belarusian Metallurgical Works /BMZ/. According to the head of state, the dynamical development of the Belarusian economy and society can be proved by retooling of production capacities and ongoing construction of several objects. Over the last 5 years the country has had an opportunity to modernize companies of quite a few ministries and state agencies from petrochemistry,...

Not only were the targets for 2001-2005 met, they were surpassed, Alexander Lukashenko declared when delivering a speech at a sitting on the draft forecast of the socio-economic development, budget and main guidelines of the monetary and credit policy of the country for 2006. Over the five years the industrial production grew by 50 per cent while the forecast was 28-32 per cent, investments to the fixed capital – by 77 per cent (forecast – 60-70 per cent), real incomes – by 76 per...

In January-September 2005 the GDP production in Belarus made 108,5 per cent against the same period of 2004. In line with the forecast the GDP growth should make 108,5-110 per cent in 2005, BelTA was informed in the ministry of statistics and analysis. For the 9 months of the current year the industrial output increased by 9,7 per cent (the target for 2005 – 8-9,5 per cent). Consumer goods production grew by 11 per cent (9,5-11 per cent). At the same time production of foodstuffs grew...

Next year Belarus will pay off the foreign debts for the energy carries, first deputy prime minister of Belarus Vladimir Semashko told at the opening ceremony of the 10th Belarusian energetic and ecologic congress in Minsk. He noted that in line with the earlier agreed schedule of debts payments Belarus have to pay off about USD 3 million a month to Russian Gazprom. ‘We will keep to the schedule,’ the vice premier said. In his words, by the end of next year the country ‘will fully...

Belarusian president Alexander Lukashenko has stated that the Belarusian defense capacity is growing steadily and the Armed Forces are developing in all fields. At today’s Security Council meeting the head of state stressed that the country’s leadership rejected the mechanical reduction of the military in the 1990s launching a comprehensive qualitative modernization of the Armed Forces instead.  At the same time the president stated that alertness checks and verifications of...

Issues on the forthcoming meeting between the presidents of Belarus and Ukraine were discussed today in Kiev. As BelTA has been informed in the foreign ministry of this republic, in the course of the talks between foreign minister of Belarus Sergei Martynov and his Ukrainian counterpart Boris Tarasiuk the sides agreed that in the near future (at the end of September – in early October) prime minister of Ukraine Yuri Ekhanurov will pay a visit to Belarus to prepare a meeting between two...

The foreign trade of Gomel oblast in January-July 2005 jumped 22.5 per cent on a year before to USD 2,92 billion, BelTA was informed in the department for foreign economic ties of the Gomel oblast executive committee. At the same time the exports grew by 40.2 per cent to USD 2,06 billion, import amounted to USD 860 million or 94 per cent to the level of January-July 2004. Hence the foreign trade surplus amounted to USD 1,2 billion. Over the last 10 years Gomel oblast exports have...

President of Belarus considers that a sitting of the Supreme State Council of the Union State due in November will “become a milestone in accelerating unification of the two states”, the head of the Belarusian state said during a meeting with chairman of the government of the Russian Federation Mikhail Fradkov. The meeting took place before the opening of the first Belarusian-Russian economic forum in Minsk. As Alexander Lukashenko stressed “we have agreed with president of Russia...