Belarus GDP growth expected to reach 8.3-8.5% in January-March

According to provisional estimates, in January-March 2007, Belarus’ GDP will swell by 8.3-8.5% up on the respective period of last year and will meet forecast parameters, the press service of the Belarusian president quoted prime minister Sergei Sidorskiy as reporting to Belarus president Alexander Lukashenko on April 5. In Q1 2007 the industrial output increased by 9% in comparison with January-March 2006. The performance of Belarusian food industry concern Belgospischeprom was somewhat poorer due to problems with Belarusian sugar sales. The prime minister also informed the head of state, the government and local authorities are working hard to implement the national energy saving programme. According to provisional data, in Q1 2007 the GDP energy consumption was reduced by 16-17% in comparison with January-March 2006. This high figure means all Belarusian companies are working hard to reduce energy expenditure. The return on sales amounted to 11-12% in January-March. Revenues of the state budget are replenished according to the target rates. Budget expenses are financed on time. Over the three months fixed-capital investments swelled by 25% in comparison with Q1 2006. In January-March, Belarus’ foreign trade turnover increased by 15% up on the respective period of last year. According to the prime minister, the provisional data confirm the plans to build 1 million square meters of housing in Q1 2007 will be accomplished.

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