Belarusian Monthly Economic Review, No.12(39), December 2005 (PDF/61Kb) [10/12/2005]
The EU and the USA opposed the Belarusian proposal to begin drafting a final WTO accession document.
The Belarusian government plans to clear all debts between enterprises.
The Jan-Sep merchandize trade balance was close to zero.
The Central Budget for 2005 was revised, increasing its revenues and expenditures.
Transferable deposits of the legal entities have increased.
The benefits for banks-residents of Free Economic Zones were abolished.

Belarusian Monthly Economic Review, No.11(38), November 2005 (PDF/59Kb) [07/11/2005]
The draft of the Constitutional Act of the Union of Belarus and Russia received preliminary approval.
Services contributed most to GDP growth in the third quarter of 2005.
The state became the sole owner of Beltransgaz.
Local governments have fiscal surpluses as a consequence of the new VAT distribution mechanism.
The NBB financed the government.
More state interference in investment crediting.

Belarusian Monthly Economic Review, No.10(37), October 2005 (PDF/60Kb) [07/10/2005]
The fuel sector growth has slowed.
Russia carries out a compensation investigation on sugar imports from Belarus.
Lower growth rate of oil imports from Russia.
The VAT revenue distribution mechanism was changed.
The NBB’s net foreign assets decreased.
Negotiations took place on possible selling authorized banks to foreign investors.

Belarusian Monthly Economic Review, No.9(36), September 2005 (PDF/59Kb) [07/09/2005]
Belarus signed the Kyoto Protocol.
Wages grew faster than labor productivity.
Belarus adopted the Concept of Energy Security.
The export of ferrous metals fell by 7.4% yoy in the 2nd quarter of the 2005.
Government deposits in the NBB decreased.
The legal requirement to provide collateral by guarantor for loans was abolished.

Belarusian Monthly Economic Review, No.8(35), August 2005 (PDF/59Kb) [07/08/2005]
The GDP growth decelerated.
A number of private medical centers had their licenses revoked.
Deliveries of mineral products to non-CIS countries provided 77% of the export growth for Jan-May.
The NBB increased the money supply.
The NBB established a temporary administration for "Djem Bank".

Belarusian Monthly Economic Review, No.7(34), July 2005 (PDF/57Kb) [07/07/2005]
The slowdown of economic growth continues.
The regulations surrounding the activities of individual entrepreneurs are getting tighter.
The share of Belarusian exports to non-CIS countries rose to 58.1%.
The general government faced a fiscal deficit in April.
The NBB increased its foreign currency purchases on the domestic currency market.
Minskkomplexbank was merged with Belarusbank.

Belarusian Monthly Economic Review, No.6(33), June 2005 (PDF) [07/06/2005]
Oil delivery from Kazakhstan will be possible only upon reaching an agreement with Russia.
Household consumption and investment remain the main factors of economic growth.
Golden share has been introduced at the private enterprise.
Belarus shifted from the second to the sixth place in the list of Russia’s main trading partners.
Redistribution of VAT revenues between Central and local budgets took place.
The interest rate spread between financial tools in Belarusian ruble and hard currency got smaller.

Belarusian Monthly Economic Review, No.5(32), May 2005 (PDF/61Kb) [07/05/2005]
The Russian ruble will not be introduced in Belarus on January 1, 2006.
The wage growth rate was twice as high as the growth rate of labor productivity for Jan-Feb.
The 2006 price of Russian gas for Belarus might stay at the 2005 level.
The Jan-Feb merchandise trade surplus resulted from export growth to countries outside the CIS.
Stabilization of the VAT payment situation led to higher tax revenues.
Lending to individual entrepreneurs will be simplified.

Belarusian Monthly Economic Review, No.4(31), April 2005 (PDF/63Kb) [07/04/2005]
The president issued an edict supporting entrepreneurship.
The output growth in export oriented sectors slowed down.
A license has been issued to the first state mobile phone operator.
The merchandize trade balance reached a surplus of USD 125.5 m in January.
The VAT revenues increased considerably in February.
Net purchases of hard currency by the NBB amounted to USD 196.3 m in February.

Belarusian Monthly Economic Review, No.3(30), March 2005 (PDF/63Kb) [07/03/2005]
Individual entrepreneurs protest against new VAT regime in trade with Russia.
Industrial output growth slowed down in January and inventories increased.
In December imports grew in anticipation of the new regime of VAT payment.
According to preliminary data, the consolidated budget was executed with a surplus in 2004.
Money supply decreased by 10.1% in January.
Belarusbank resumed giving loans in hard currency to households.

Belarusian Monthly Economic Review, No.2(29), February 2005 (PDF/63Kb) [07/02/2005]
According to official statistics, the real GDP grew by 11% in 2004.
When Belarus will get its credit rating is still uncertain.
The program on energy security was drafted.
The government is considering taking measures to reduce imports.
Deposit interest rates have increased.
The banks' statutory funds were increased at the expense of centralized sources.

Belarusian Monthly Economic Review, No.1(28), January 2005 (PDF/89Kb) [07/01/2005]
Each Single Economic Space country will determine its own conditions for WTO accession.
The solvency of agricultural enterprises remains low despite higher profits.
A gas contract with Russia has been signed.
The EU increased its textile import quotas for Belarus.
Belarus and Russia switched to the new regime of VAT payment based on the country of destination.
Interest rates increased on the credit and deposit markets.
Belagroprombank increased its statutory fund.

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