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  Main >> Publications >> Belarusian Monthly Economic Review >> 2005  

2005

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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