Belarusian Monthly Economic Review, No.12(15), December 2003 (PDF/73Kb) [05/12/2003]
OSCE expressed concerns about the content of the draft law on mass media.
Growth rates of some economic indicators do not fit the prices growth.
A new presidential decree creates obstacles for restructuring and privatization of enterprises.
Budget law for 2004 drafted by the government seems to be unrealistic.
Increase of cash supply and demand for foreign currency can lead to higher inflation.
More government interference to banking activities.
Belarusian Monthly Economic Review, No.11(14), November 2003 (PDF/73Kb) [04/11/2003]
Belarus demanded compensation from Russia for potential losses caused by the introduction of a single currency.
The growth of real wages slowed down.
The price for Russian gas imported into Belarus has not been agreed upon yet.
The control over imports of some goods is likely to be tightened in 2004. Import restrictions might be introduced.
The foreign currency share in the money supply grew.
New National standards for financial accounting have been adopted.
Belarusian Monthly Economic Review, No.10(13), October 2003 (PDF/95Kb) [05/10/2003]
Belarus demanded compensation from Russia for potential losses caused by the introduction of a single currency.
Introduction of Russian ruble in non-cash payments in Belarus has been put off again.
Profitability of enterprises continues to fall and share of loss making enterprises is growing.
Russia plans to stop selling gas to Belarus at Russian domestic prices since 2004.
In 2004 deterioration of situation in foreign trade is quite possible.
Poor financial performance of enterprises led to difficulties with budget execution.
The existing limit of 25% on foreign ownership of total assets of the banking system is likely to be abolished.
Belarusian Monthly Economic Review, No.9(12), September 2003 (PDF/96Kb) [05/09/2003]
Introduction of Russian ruble is likely to be postponed.
GDP growth slowed down due to decline in agriculture.
Trade markups for dairy products were administratively lowered.
Merchandise trade deficit with Russia grew substantially.
Budget expenditures on agriculture grew significantly.
The NBB required banks to lower credit interest rates.
Belarusian Monthly Economic Review, No.8(11), August 2003 (PDF/104Kb) [05/08/2003]
The President dismissed several high-ranking officials.
GDP grew by 5.1% despite an increase in the number of loss making enterprises.
List of business activities subject to licensing was cut down.
Average import prices grew faster than average export prices.
In 2003, money supply growth will exceed target.
NBB oblige banks to reduce the share of bad loans in their credit portfolios.
Belarusian Monthly Economic Review, No.7(10), July 2003 (PDF/90Kb) [05/07/2003]
Introduction of non-cash Russian ruble is delayed.
GDP and industrial production growth slowed down.
Term of circulation of the privatization vouchers “Imushchestvo” has been prolonged till December 31.
Merchandise trade deficit grew by 90% yoy.
Ruble deposits of population grew by 30.6% in real terms.
Credits for accrued payroll debt service grow.
Belarusian Monthly Economic Review, No.6(9), June 2003 (PDF/102Kb) [05/06/2003]
OSCE expresses concern about the situation with freedom of the press in Belarus.
In most regions of Belarus the share of loss making enterprises exceeds 50%.
Not a single application has been submitted to investment auctions on selling Belarusian petrochemical enterprises.
Merchandise trade deficit went up by 40%.
Demand of commercial banks for government securities increased.
Bodies of power order 13.4% of all loans given by commercial banks.
Belarusian Monthly Economic Review, No.5(8), May 2003 (PDF/79Kb) [05/05/2003]
Belarus advocates that central banks within the Russian-Belarusian currency union are given equal status.
More than a half of Belarusian enterprises are loss making.
Trade deficit grew in trade with Russia while trade surplus was achieved with the rest of the world.
Reduction of general government expenditures was made to pay off government’s debts.
Commercial banks exceeded the annual norm of buying government bonds.
Sanctions against several banks for breaking the norm on own capital.
Belarusian Monthly Economic Review, No.4(7), April 2003 (PDF/88Kb) [04/04/2003]
National strike of entrepreneurs was held.
Stocks of industrial goods are growing.
Lukashenko urged not to hurry up with sales of oil and chemical enterprises.
Prices of oil and oil products determine the results of the trade balance.
Ruble deposits became more profitable.
Banks gave loans to cover wage debts of enterprises.
Belarusian Monthly Economic Review, No.3(6), March 2003 (PDF/82Kb) [05/03/2003]
President Lukashenko puts the blame for inflation on the Government.
In spite of GDP growth the share of loss making enterprises increased.
Number of subsidized enterprises increases.
In 2002 trade deficit increased by 24.6%.
In January fiscal revenues and expenditures were very low.
The NBB sold foreign currency.
Belarusian Monthly Economic Review, No.2(5), February 2003 (PDF/83Kb) [04/02/2003]
Introduction of the Russian ruble in Belarus is postponed until 2005.
Industrial and agricultural production in 2002 is lower than projected.
The state assumes control over critical imports.
Trade deficit with Russia exceeded USD 1.5 bn in Jan-Nov 2002.
Fiscal deficit in 2002 is lower than planned.
The NBB continues credit expansion.
Belarusian Monthly Economic Review, No.1(4), January 2003 (PDF/91Kb) [06/01/2003]
Russia offers Belarus acceleration of the process of switching to the Russian ruble.
Unemployment rate increased by 0.6 percentage points.
Belarus sold its share in Slavneft.
Trade balance deficit grew significantly.
In December the 2002 budget was revised twice.
Net foreign assets (NFA) of the NBB went down to USD 192.5 m.
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