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Topic: Economics

23.01.2015

Dollar exchange rate firmed at Br14 910 12

12:10, Economics

Dollar exchange rate firmed at Br14 910

On January 23 dollar exchange rate rose by Br20 or 0.1 per cent and fixed at Br14910.

22.01.2015

Lukashenka bans raising salaries 102

16:11, Economics

Lukashenka bans raising salaries

The dictator met with the new prime minister and, in fact, forbade companies to raise salaries in the country despite a 40% devaluation of the Belarusian ruble.

Loans return, but interest rates double  ? 19

9:34, Economics

Loans return, but interest rates double

Debtors will have to overpay a half of the sum they borrow from a bank.

21.01.2015

Barys Zhaliba: Dollars exchange rate to reach Br18,000 20,000  ? 71

18:21, Economics

Barys Zhaliba: Dollars exchange rate to reach Br18,000  20,000

The exchange rate of the ruble is to continue falling in the coming days.

Die Welt: Belarus in trouble due to Russian crisis 16

14:00, Economics

Die Welt: Belarus in trouble due to Russian crisis

Dependence on Moscow is the Achilles heel of the Belarusian economy.

Colliers: Belarusian ruble is not suitable for real estate market 5

12:17, Economics

Colliers: Belarusian ruble is not suitable for real estate market

Utilization rates in Belarusian rubles significantly complicate, if not stultify financial modeling in relation to real estate projects.

Dollar and euro continue to grow 18

11:46, Economics

Dollar and euro continue to grow

On January 21 U.S. dollar rate increased by Br80 or 0.5% and fixed at Br14910.

20.01.2015

Photo fact: 2 dollars in Belarus  ? photos 45

17:00, Economics

Photo fact: 2 dollars in Belarus

Some Belarusians are jesting about the current developments in the National Bank.

Imported products disappear from shops  ? photos 65

13:35, Economics

Imported products disappear from shops

Belarusians had better forget about persimmon, mandarins and salmon.

Leanid Zlotnikau: Authorities turn the economy into chaos by restraining price rise 38

8:25, Economics

Leanid Zlotnikau: Authorities turn the economy into chaos by restraining price rise

Officials can't stop doing stupid things, and we are those who pay for it all.

19.01.2015

Oil prices slide below $50 again 2

9:29, Economics

Oil prices slide below $50 again

After struggling back up to $50 a barrel in recent days, oil prices dropped again on Monday against market expectations of worsened Chinese economic indicators.

16.01.2015

Lukashenka offers to write Belarusian PayPal 26

14:02, Economics

Lukashenka offers to write Belarusian PayPal

The dictator gave advice to the National Bank of the Republic of Belarus.

Lukashenka demands to increase confidence in Belarusian ruble 63

12:08, Economics

Lukashenka demands to increase confidence in  Belarusian ruble

The dictator wants the National Bank to take measures to decrease the inflation rate and increase people's confidence in the national currency.

Rosselkhoznadzor: Belarus continues smuggling products 3

8:07, Economics

Rosselkhoznadzor: Belarus continues smuggling products

Belarus continues bringing sanctioned goods into Russia.

15.01.2015

Lukashenka allowed Trade Ministry to increase some prices in hand-operated mode 30

17:40, Economics

Lukashenka allowed Trade Ministry to increase some prices in hand-operated mode

Today, after meetings with representatives of business, the dictator allowed the Trade Ministry of Belarus to increase prices for some groups of goods.

Leanid Zaika: Now we have fantastic prices 34

14:10, Economics

Leanid Zaika: Now we have fantastic prices

In the nearest future prices in Belarus are to go up by 30%.

Oil prices fall again rapidly after brief rally 3

12:31, Economics

Oil prices fall again rapidly after brief rally

Oil prices have resumed their downward tendency after growing on Wednesday - the same day they hit a fresh, six-year low, according to Reuters.

Dollar costs Br18,500 on black market  ? 44

12:09, Economics

Dollar costs Br18,500 on black market

The fall of the Belarusian ruble, which has been continuing since the end of last year, has failed to increase the amount of foreign cash in exchange offices.

Exchange dollar rate reached Br150 million excluding denominations 12

11:46, Economics

Exchange dollar rate reached Br150 million excluding denominations

On January 15 the official dollar exchange rate reached Br15.010, which is a new historic maximum.

14.01.2015

Losses of Belarusian enterprises reached 13 bn rubles 10

17:23, Economics

Losses of Belarusian enterprises reached 13 bn rubles

On the results of the work in January November 2014, 1116 economic entities were called loss-making in Belarus.

Single tax for entrepreneurs and individuals in Minsk to increase by 15% 14

14:19, Economics

Single tax for entrepreneurs and individuals in Minsk to increase by 15%

Tax rate increase depends on the activity, but the average rate fixed at 15%.

Stanislau Bahdankevich: National Bank to be blamed for lack of foreign cash in exchange offices

14:08, Economics

Stanislau Bahdankevich: National Bank to be blamed for lack of foreign cash in exchange offices

The lack of foreign currency in exchange offices provokes distrust of both the government and the national currency.

Banks sell dollar for Br15,310  ? photos 118

13:38, Economics

Banks sell dollar for Br15,310

Belarusian banks raised the exchange rate in currency exchange offices following the growth of the official exchange rate.

Dollar in Minsk trades at more than Br15 000 148

12:16, Economics

Dollar in Minsk trades at more than Br15 000

On Wednesday the Belarusian ruble had a downturn.

The Times: Oil prices to fall to $20 32

11:35, Economics

The Times: Oil prices to fall to $20

Oil prices can hit a 20-year low.

Prices in Belarus equal those in belligerent Donbas region 26

10:08, Economics

Prices in Belarus equal those in belligerent Donbas region

It is January and the idiocy is getting stronger.

World Bank downgrades forecast for Russian economy

7:57, Economics

World Bank downgrades forecast for Russian economy

The World Bank has downgraded its outlook on the dynamics of Russia's GDP in 2015 due to the continued fall in oil prices.

13.01.2015

Exports of Belarusian goods to Russia reduced by $1 bn 2

15:12, Economics

Exports of Belarusian goods to Russia reduced by $1 bn

Exports of the top ten Belarusian goods to Russia in January November 2014, as compared to the same period of 2013, have decreased by billions of dollars.

Russia can leave Belarus without oil duties

13:35, Economics

Russia can leave Belarus without oil duties

Belarus's opportunity to keep export duties on oil products in the country's budget in 2016 will be a subject of negotiations.

Brent falls to $45.26 19

10:49, Economics

Brent falls to $45.26

Brent crude price has hit a new 5.5-year low.

Belarus continues importing banned goods to Russia 12

8:37, Economics

Belarus continues importing banned goods to Russia

Russia is concerned about deliveries of banned products from Belarus.

Gasoline prices increase by 4.7 per cent  ? 151

8:01, Economics

Gasoline prices increase by 4.7 per cent

Belneftekhim announced about the first price increase of automobile fuel in 2015.

12.01.2015

Belarusian authorities getting ready for large-scale sale 23

18:20, Economics

Belarusian authorities getting ready for large-scale sale

The State Property Committee has put 57 state-owned enterprises with the total cost of $850 mln on the plan of privatization for the year 2015.

Banks stop issuing home loans  ? 74

14:26, Economics

Banks stop issuing home loans

Belarus's biggest banks suspended issuing home loans.

National Bank claims to limit granting of credits for salaries 24

13:49, Economics

National Bank claims to limit granting of credits for salaries

The National Bank of the Republic of Belarus recommended commercial banks to limit granting of credits to state-owned enterprises to pay out salaries.

Brent falls below $49  ? 18

12:04, Economics

Brent falls below $49

Brent crude has hit a 6-year low on the ICE Futures Exchange.

Dollar grows by Br250 30

11:57, Economics

Dollar grows by Br250

The dollar continues to grow on the Belarusian Currency and Stock Exchange from Br14,060 to Br14,310.

Russian rubles fall continues as oil price forecasts downgraded 8

10:26, Economics

Russian rubles fall continues as oil price forecasts downgraded

Russias ruble currency continued its fall on Monday in the wake of new forecasts of the future price of oil dropping to $40 per barrel.

10.01.2015

Bloomberg: Belarusian ruble experienced the largest downturn since 1998

14:38, Economics

Bloomberg: Belarusian ruble experienced the largest downturn since 1998

Bloomberg recognized Belarusian ruble's devaluation.

9.01.2015

Banks sell only foreign currency they buy from customers  ? 80

18:23, Economics

Banks sell only foreign currency they buy from customers

Minsk currency exchange offices sell only dollars and Russia rubles they purchase from people.

Leanid Zaika: Prices to grow 30% at the beginning and then higher

15:36, Economics

Leanid Zaika: Prices to grow 30% at the beginning and then higher

The single rate of the Belarusian ruble has been established. What will happen to prices after the Ministry of Trade forbade to raise them until February 1?

Currency deficit in Minsk, Brest and Hrodna 115

14:35, Economics

Currency deficit in Minsk, Brest and Hrodna

People have taking queues for several hours already.

Belarusian ruble devaluation to cause price hike  ? 16

7:51, Economics

Belarusian ruble devaluation to cause price hike

Prices of imported goods will grow 25%.

8.01.2015

The National Bank devaluates ruble  ? 92

14:34, Economics

The National Bank devaluates ruble

The authorities abandon the administrative exchange rate formation.

Demand for foreign currency exceeds supply fourfold on currency exchange 7

14:05, Economics

Demand for foreign currency exceeds supply fourfold on currency exchange

Demand for dollars was over $52 million, while supply was only $12 million.

Russia "turns back" another 17 tons of Belarusian meat 31

12:59, Economics

Russia "turns back" another 17 tons of Belarusian meat

On January 7 at the station of veterinary, phytosanitary and related control "Krasnaya Gorka" ("Red Hill") the imported 17 tons of poultry meat production, produced at OAO Agrokombinat "Skidelsky", Belarus, were forbidden in Russia.

Dollar costs Br13,760, euro Br16,240 56

11:56, Economics

Dollar costs Br13,760, euro  Br16,240

The single exchange rate of the Belarusian ruble against the dollar and the euro has been established.

Expert forecasts: Dollar to cost from 17.500 to 30,000 rubles  ? 61

8:24, Economics

Expert forecasts: Dollar to cost from 17.500 to 30,000 rubles

The fall of the Belarusian ruble is inevitable.

7.01.2015

Pyramid scheme game  ? 115

9:07, Economics

Pyramid scheme game

Belarusians to face a hard time.





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