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26 Dec 2014

Lukashenko: Belarus’ economy gets back to normal

MINSK, 26 December (BelTA) – Belarusian President Alexander Lukashenko has stated that Belarus’ economy got back on track. The President made this statement at a session to discuss topical economic development issues on 26 December, BelTA has learned.

“The time when we are holding this session is not that dramatic. More than that, we can say that the issues that were so acute a week ago are being successfully resolved,” the head of state said.

The President noted that individual groups of managers and executives did not welcome the decisions adopted recently. “This is natural: some do not like the increased cost of foreign currency. Some do not like that we took price formation under control. Some do not like that we support domestic producers. “However, domestic producers do not always realize it. We will come to grips with the executives in the near term. I guess very many of them have been holding their positions too long. This can be rectified,” the Belarusian leader said.

“One should understand that we chose the lesser evil. While dealing with the issues, we outlined the number one task that should be addressed first and foremost – the stability on the currency market,” Alexander Lukashenko said.

“We are fully aware that the decisions we have adopted have certain consequences, including negative ones. The most important thing now is economic growth. Economy should work. Everything should be done so that labor collectives keep working, because they are our people – Belarusians. This people should go to work before the holidays and after them, they should work and get their salaries. This is the logic,” the President said.

The head of state underlined that top on the agenda today is dealing with the consequences of the decisions made. “The negative consequences should be eliminated; the positive trends should be maintained. I have told our government about it every day before this session,” Alexander Lukashenko said.

He demanded that the government should present a report about what had been done over the past week to stabilize the economic situation in the country and address the current tasks. He also demanded that the National Bank should inform about the efforts to strengthen the monetary system. The President emphasized that he meant the monetary system in general, not just the situation in currency exchange offices and on the currency exchange.

The State Control Committee will present their findings on the efficiency of payments with Russia and suggestions to streamline the payment system. The governors and the Minsk Mayor are to present a report on the situation in the regions taking into consideration the recent steps undertaken by the government and the National Bank.

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