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Georgy Grits

17.07.2017

Alexander Lukashenko's presidency: 23 years of stability in Belarus
Alexander Lukashenko's presidency: 23 years of stability in Belarus Not only enterprises are preserved in Belarus, as the President said, but new plants have been created, a nuclear power plant is being built, logistics centers and housing. Successes of Belarus in IT and high-tech areas are known. Tranquility and security are also the hallmarks of the country. The OSCE delegates who visited Minsk last week and the Russian-speaking journalists who came to Belarus this week, despite the opposite of political views and points of view, agree on the assessments of life in Belarus. Both sides are delighted.

04.06.2017

President Lukashenko sets tasks before Belarus’ oil workers One of the most important events of the week was the meeting of Alexander Lukashenko on oil processing. It is the black gold of Belarus and it must shine, it is not acceptable to turn into a loss-making sector. Belarus doesn’t stint on modernizing oil processing technologies. Nearly 3.5 billion dollars were invested into the sector in the last six years. However, it didn’t lead to the planned result.

28.04.2017

Experts on April 26 meeting of Belarusian and Ukrainian presidents
Experts on April 26 meeting of Belarusian and Ukrainian presidents Despite the difficult situation that is emerging these days in the European region, Belarus has managed not only to maintain peace and tranquility in the country, but also remain a peacemaker. We are talking about the assistance of the Belarusian state in resolving the conflict in the south-east of Ukraine. Meeting with President of Belarus Ukraine President Petro Poroshenko said: "Minsk agreements" still remain a single way to solve the Ukrainian issue.

12.03.2017

Amendments to Decree №3: who will be referred to as dependant?
Amendments to Decree №3: who will be referred to as dependant? Belarus President Alexander Lukashenko criticized the progress of the implementation of Decree №3 (Decree “On prevention of social dependency”) on March 10, 2017. Alexander Lukashenko demanded to file down the legislative machine to the last detail. Every car owner knows that a new car has to go through several stages of exploitation. First of all is test drive, when all the pluses and minuses are seen. At the moment the legislative machine is in the stage of a test drive.

26.02.2017

Belarusian authority and business find common touch points
Belarusian authority and business find common touch points A step forward. Belarusian authorities and business communities have been actively discussing the ways of business initiative liberation. Minimum control and responsible partnership. These ideas will propel Belarusian private companies to a new level of development. In turn, Belarusian authorities expect conscientious taxpaying and fair competition from businessmen.

14.02.2017

Alexander Lukashenko: Belarusian economy needs to have human face
Alexander Lukashenko: Belarusian economy needs to have human face Non-standard measures are necessary to develop the economy - such an idea was voiced at a meeting with the President on February 10. On February 9, Belarus President discussed the possible introduction of the institute of trust management with respect to companies of the republican and municipal property. If you cannot manage property during difficult times, give it to skilled professionals! Yevgeny Pustovoi has more.

08.10.2016

Alexander Lukashenko about business in Belarus: “We need to provide people with favorable conditions without excessive limitations”
Alexander Lukashenko about business in Belarus: “We need to provide people with favorable conditions without excessive limitations” Restructuring of the economy, the importance of business and cooperation with world’s powers were among the issues discussed by the President in the Oval Hall of the Government House on October 7.  Hard and important work lies ahead of the MPs of the 6th convocation. The most important topics are economy, social sphere, international cooperation and Belarusians’ well-being. The former parliamentarians hand over mandates to new MPs. There are hundreds of draft bills. The MPs of the 6th convocation have even more work ahead of them.
Support of small and medium-sized businesses is national priority, says Belarusian MP of 6th convocation
Support of small and medium-sized businesses is national priority, says Belarusian MP of 6th convocation Restructuring of the economy, the importance of business and cooperation with world’s powers were among the issues discussed by the President in the Oval Hall of the Government House on October 7. Hard and important work lies ahead of the MPs of the 6th convocation. The President underlined that at first, it is necessary to address all the issues in the Oval Hall. The most important topics are economy, social sphere, international cooperation and Belarusians’ well-being.

22.08.2016

Economist Georgy Grits on public-private partnership in Belarus
Economist Georgy Grits on public-private partnership in Belarus Last week, specialists of the Institute of Economics of the National Academy of Sciences published the results of a study of prices in major retail chains of the republic. The monitoring covered the main Belarusian market players and experts analyzed nearly 2,000 most popular products. As a result, the lowest rates were recorded in Evroopt trade network. On average, prices are 13-19% lower, with the difference with some networks reaching 22%. The lowest price excess was recorded with respect for meat and dairy products, prices for which are state-controlled.

11.04.2016

Why fast money in Belarus is no longer profitable
Why fast money in Belarus is no longer profitable Income from money in banks in developed countries is minuscule - less than 1%. However, loans are also cheap. In general, money should work in the economy. One of the ways to do it in Belarus' current situation is to borrow money from the people for a guaranteed long term. Banks offer high interest on these deposits. If people place money only for a short term, they have to pay incomes from the income.

07.04.2016

All-Belarusian People's Assembly may be held within month
All-Belarusian People's Assembly may be held within month Belarus began preparing for the most important political event of the year - Belarusian People's Assembly. It will be the fifth such event in the recent history of the country. The main goal of the event is to refine the state policy for the coming years.  This important platform of ​​democracy will bring together representatives of all branches of government, industry and business, science, health and culture. The details of the upcoming People's Assembly were discussed by the Government on 6 April.

21.01.2016

Belarus government, National Bank publish set of measures to address 2016 socio-economic development
Belarus government, National Bank publish set of measures to address 2016 socio-economic development The Government and the National Bank published a set of measures to address the socio-economic development of Belarus in 2016, including reduction in the cost of housing services and the offering of shares of Belarusian enterprises in global stock markets. In foreign trade among the main priorities is the diversification of export and increasing supplies to far-reaching countries. Investment activity and the development of joint projects is of particular importance.

20.12.2015

National Bank of Belarus
Belarus' monetary policy guidelines 2016 The Belarus President has approved the main directions of the monetary policy of Belarus for 2016. The corresponding decree was signed by the Head of State on 18 December. The main goal is to reduce inflation to 12%. Belarus will conduct a flexible exchange rate policy, which means dynamism of the exchange rate on the basis of supply and demand in the foreign exchange market.

06.12.2015

Are IMF's loan requirements to Belarus sensible?
Are IMF's loan requirements to Belarus sensible? President Lukashenko constantly orders to look for new markets in new regions of the world. Not only for milk products. Belarus does have some potential here. This is confirmed by the conclusions of experts of all kinds and ratings. At times, these ratings due to some tasks. The Belarus President this week held a meeting in Minsk to discuss the possible IMF loan.

14.09.2015

Boost to Belarusian potash industry: Russia building new processing complex near Starobin potassium salt deposit
Boost to Belarus' potash industry: Russia building new processing complex near Starobin potassium salt deposit Belarus launches a large-scale project. A mining and processing complex will be erected near the Starobin potassium salt deposit. On September 11, there was launched the construction of the company that is expected to further strengthen the positions of Belarus in the global potash market. Last Friday, the Belarus President laid a capsule at the site of the future plant and talked with locals.

25.08.2015

Alexander Lukashenko: Debureaucratization is the right way but don't forget about limits
Alexander Lukashenko: Debureaucratization is the right way but don't forget about limits Belarus will make serious changes to simplify procedures for obtaining licenses. This became known after the meeting hosted by the President. The Government proposes to adjust the legislation. Innovations will affect the duration of the permits and the number of documents one will need to obtain a license.

14.08.2015

Financial analyst: Higher volatility will help remove speculators
Financial analyst: Higher volatility will help remove speculators The Russian ruble has renewed historical minimum. The devaluation of the yuan has been lasting for a few days. The euro is also falling. In recent years, the global financial market has been experiencing a wave of change. Judging by newspaper headlines, not always for the better. 

08.06.2015

Pranab Mukherjee and Alexander Lukashenko meeting in Minsk
Where does Minsk-New Dehli roadmap lead? Belarus is becoming attractive to the largest countries of the world. In less than six months of 2015, Minsk was visited by the firsts persons of France, Germany, Russia, Ukraine, China, and India.  The last two countries are the most populous in the world. In total, India and China make up a third of the world's population (if not more). In relations with such countries, both economy and politics are equally important.

10.05.2015

Xi Jinping, Chinese President
Reasons for Xi Jinping's visit to Belarus. Analysis by TV program "Picture of the World with Yuri Koziyatko" China's President Xi Jinping was one of the first persons to shake hands with the newly elected Kazakh President Nazarbayev. The leader of China arrived in Kazakhstan on a visit last week and then went to Moscow, where he is now. And his next leg of the trip will be Minsk. The visit of the President of the People's Republic of China is very important for Belarus. And for China, of course. Not long ago, the leader of China made a great tour of Europe.

17.03.2015

Alexander Lukashenko meeting with representatives of self-employed businessmen community
Self-employed businessmen in Belarus allowed to sell goods without certificates until January 1, 2016 On March 17, the head of state visited the shopping and entertainment center Expobel. Here Alexander Lukashenko personally talked with self-employed businessmen. Issues of regulation and development of certain types of businesses were later discussed at the meeting. The meeting brought together government officials, representatives of small and medium-sized businesses and entrepreneurial unions. All opinions were heard. Following the meeting, a compromise was reached.

11.02.2015

Belarus' government
Belarus' government approves national strategy for sustainable socio-economic development up to 2030 The Belarus' government has approved the national strategy for sustainable socio-economic development until 2030. The document should help Belarus reach an ambitious goal - to enter the top 40 list of states with high human development.  In Brest, money is received from... garbage. This plant is the only company in the country that turns organic waste into heat and income.