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Stock Market / Finance in Belarus

  • Belarus Economy Digest

    BELARUS, 2015/11/08 On October 27, the Belarusian statistical office released revised GDP data. The government actually bets on a quick revival of the economy and bails-out some firms and industries through expanding its own deficit. However, this in turn creates a potential problem of public deficit sustainability, as the perspectives for creating the effective economic activity of firms under a bail-out look doubtful. An extra troubling trend is that the increase rate of outstanding loans has been significantly higher than the expansion of firms’ economic activity​. No Recession End in Sight ​The Belarusian statistical office reported that in January-September GDP contracted by 3.7%. From the perspective of recession, this figure provides ambiguous signals. On the one hand, the deepness of the recession was less than in January-July. On the other one hand, GDP performance in September deteriorated in comparison to August.
  • Praspekt Francyska Skaryny,Main Avenue,Minsk

    BELARUS, 2013/08/31  In January-July 2013 the surplus of Belarus’ central national budget amounted to Br1.1 trillion or 0.3% of the GDP, representatives of the Belarusian Finance Ministry. Revenues of the central national budget amounted to Br61.8 trillion or 50.7% of the revised annual target. Expenses of the central national budget totaled Br60.7 trillion or 49.6% of the revised annual target. In January-July 2013 VAT proceeds amounted to Br33.2 trillion (56.1% of the revised annual target), with profit tax proceeds at Br14.6 trillion (51.3%), excise business proceeds at Br9.1 trillion (55.6%), and foreign trade proceeds at Br14.5 trillion (48.5%). Revenues of the Social Protection Fund amounted to Br43.6 trillion or 62.4% of the revised annual target. As of 1 August 2013 the sum receivable in taxes and fees stood at Br189.6 billion, Br47.6 billion up in July 2013.
  • Victory Square,Minsk

    BELARUS, 2013/08/31  As of 1 August 2013 Belarus’ public deficit totaled Br141.2 trillion, 9.7% or Br12.5 trillion up from the beginning of the year, representatives of the Belarusian Finance Ministry told BelTA. The source attributed the increase in the public deficit in 2013 primarily to the increase in the external public deficit. As of 1 August the external public deficit stood at $12.4 billion, $398.6 million or 3.3% up from the beginning of the year taking into account differences in exchange rates of the Belarusian ruble. In 2013 Belarus received $1,590.8 million, inclunding $880 million as part of the loan from the Anticrisis Fund of the Eurasian Economic Union, $351.4 million as a national export loan allocated by the Russian government for building the Belarusian nuclear power plant, $276.1 million as bank loans from China and $83.3 million as loans from the International Bank for Reconstruction and Development.
  • Belarus will not receive a new IMF loan without radical changes

    BELARUS, 2012/12/27 The IMF Executive Board took note of Belarus's interest in the new loan program, but still points the readiness of the Belarusian authorities for deep structural reforms as a condition for issuing the loan.