Prices growth in Belarus: People's reaction
Price increases was one of the serious topics in the President's State of the Nation Address. The groundlessness of overcharging causes concern not only among buyers. The President is also displeased with that. Sugar prices have risen without any reasons, believes Alexander Lukashenko, and this could eventually stop domestic plants if cheaper goods from Russia pour into Belarus. The Minister of Antimonopoly Regulation and Trade was instructed to look into the issue.
Salaries in Belarus to increase by 9% in 2017
Belarus' draft budget for 2017 has been adopted. In the second reading, the absolute majority of deputies voted for the draft of the main financial document. It will retain social orientation. One-third part of the budget will be earmarked for state programs: in education - for the development of innovative approaches, while in health care focus will be made on affordability and quality.
Payroll fund will increase by 9%, while labor pensions will be increased twice.
No more utility price increases in Belarus in 2016, President Lukashenko promises
This morning, the Belarus President took part in the elections to the House of Representatives of the National Assembly. The head of state came to the polling station, located at the Belarusian State University of Physical Culture, together with his youngest son Nikolai.
The head of state was awaited here by numerous journalists. After the President voted, he stopped for a while to answer questions from the media. One of them concerned the cost of housing and communal services.
President Lukashenko promises no price growth in Belarus
The Belarus President believes that one of the main tasks for the state is to provide people with jobs. The Head of State said this communicating with Malorita residents. Another topic raised was price increases. It should not be allowed, Alexander Lukashenko is sure.
Alexander Lukashenko, Belarus President: The main thing is not to allow imbalanced prices. When there is no opportunity to raise salaries, prices must not increase either. If this is the case, this is a big drawback.
Redenomination in Minsk has not lead to price increases
The July 1 redenomination has not lead to higher prices in the Belarus capital. Labels in stores are under control.
Minsk trade services are monitoring the situation in all trade pavilions weekly.
16 officials in Minsk have been fined since the beginning of 2016 for violation of the price and antitrust laws.
Among the major violations is exceeding the maximum limit of trade margins in respect of socially important goods.
Alexander Lukashenko at Spartak factory: Belarus to finally reform entire healthcare and education system in 2016-2020
Before building plans for the future and listening to people's delegates, the Belarus President made a trip to the Gomel region. In principle, this is usual practice when the President personally gets familiar with the situation in Belarus’ regions and meets with labor collectives. This time he met with Spartak factory workers. Alexander Lukashenko wanted to see whether the life of the working class is “sweet”. And before starting the “economic locomotive” for the next five years, the President opened the Gomel-Minsk route for electric traction trains.
Redenomination in Belarus not to cause higher inflation, President Lukashenko says
On June 17, the Belarus President visited the Spartak confectionary. Here the head of state spoke about the prospects of development of the enterprise, as well as the innovations in confectionary industry.
Products under the brand name "Spartak" are exported to 25 countries. Chocolates, waffles, and biscuits made in Gomel have reached such distant countries as Singapore, South Africa and Australia. Spartak sees great prospects on the Chinese market too.
Belarus President dismisses Gaidar-style reform proposals
Alexander Lukashenko is angered by the situation with the tariffs for housing and communal services. This was the main topic of the February 22 meeting to discuss taxes and excise policy in 2016.
The meeting participants also talked about the growth of prices for food, fuel and public transportation. They also discussed issues of privatization. The President noted that the government's proposals to amend the privatization of state property system cannot be accepted.
Will financial market woes stir up prices in Belarus?
There will be no sharp rise in prices in Belarus, said the Ministry of Trade January 21 explaining that there are no apparent reasons for this: the market is supplied with enough goods and a very strong competition is between retail chains, which will guarantee absence of unreasonable price hikes.
Inflation in Belarus set to remain at 12% in 2016
Under the influence of external factors, inflation level in Belarus in 2016 should remain at the same level as in 2015 - 12%. Experts do not predict a sharp rise in prices in Belarus in 2016.
The highest growth rate in 2015 was in paid services followed by non-food products (+11.5%). Food prices are rising at roughly the same level.
Experts note that the economic situation in the country will largely depend on the situation on foreign markets. All eyes are on the cost of oil and the situation in countries that are major trading partners of Belarus.
Belarus' 2016 budget overview
The Belarusian parliament adopted the 2016 budget on December 18 evening. This year, the deputies had to take into account a lot of negative external factors.
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.
Belarus' 2016 budget to maintain socially oriented nature
The national budget for 2016 will maintain social nature. Today, November 18, Belarus' MPs began to discuss drafts of the budget law. The underlying factors in the formation of the budget are the timely repayment of external loans, the reduction of inflation and output growth.
External factors influenced the content of the main financial document of Belarus to a great extent. First of all, we are talking about oil prices.
Chief of Belarus National Bank Pavel Kallaur about exchange rates, loans and foreign exchange reserves
India! China! Russia! Small Belarus has many big friends. Belarus is affected sometimes by their great successes and big problems! For example, Belarusian money weakened after decline in oil prices and Russian ruble rate.
We will talk about the exchange rates, loans, gold reserves and financial risks of Belarus with the chairman of the National Bank. Pavel Kallaur is in the studio of Picture of the World with Yuri Koziyatko.
Yuri Koziyatko, host of "Picture of the World":
Hello, Mr Kallaur!
Belarus wants inflation at less than 10% by 2017
Belarus plans to achieve one-digit level of inflation by 2017, reads an anti-inflationary program approved by the joint decision of the Cabinet of Ministers and the National Bank of Belarus No733/17 as of 31 August 2015, BelTA learned from the press service of the Belarusian government.