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18 Dec 2014

Lukashenko: Our top priority is economic stability

Lukashenko: Our top priority is economic stability

MINSK, 18 December (BelTA) – Economic stability is the number one priority in Belarus today, Belarusian President Alexander Lukashenko said at a session to discuss economic matters on 18 December, BelTA has learned.

The President reminded that he had already given specific instructions to top executives at a recent session to discuss topical economic issues. “To monitor the implementation of these instructions I suggest providing regular updates on progress being made. In fact, this is what we are already doing. A week has passed after that session and I want to hear how my instructions are being fulfilled, what has been made and what problems persist,” the President noted.

Alexander Lukashenko emphasized that the scope of issues is pretty big, but the current session will focus on five major areas of work. One of them is the situation in the real economic sector and efforts to prevent ungrounded price rises for goods and services on the domestic market. “The commodities you export can be sold at the highest price possible. However, prices on the domestic market are already high enough. Our people no longer take products out of the country (which is quite an indicator), but go to Russia and Ukraine to purchase goods, including Belarusian goods, and bring them back to Belarus. The government undertook the obligation to deal with the situation. I would like to hear how the issue is being addressed,” Alexander Lukashenko noted.

Top on the agenda of the session is lifting the temporary restrictions on the supplies of Belarusian foodstuffs to Russia and their transit. The participants of the session will also analyze the efficiency of food sales in Russia and efforts to increase the efficiency by cutting costs and avoiding intermediaries.

Other important objective is the expansion and diversification of export. “I would like to hear, first of all, what is being done by our Foreign Ministry. Attending the meeting are the Vice Premiers and governors; thus, I would like to know what they are doing, too. The most important thing is the economic situation,” Alexander Lukashenko said.

In his words, domestic companies are doing fine. “They can manufacture decent products at reasonable prices. The question is how to sell these products abroad. The more we sell, the more foreign currency we will have. In this case, all the talks about the currency crisis in Russia and the collapse will make no sense. Everything depends on us,” Alexander Lukashenko said. “The export is the number one priority,” the head of state emphasized. He asked how things are on this front.

Top on the agenda of the meeting was also the implementation of the major monetary guidelines by the National Bank of the Republic of Belarus.

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