Official Website of the Republic of Belarus
Government
Belarus Events Calendar
Belarus’ Top Tourist Sites
UNESCO World Heritage Sites in Belarus
Belarusian sanatoria and health resorts
Souvenirs from Belarus
| Home | Government | Events

Events

15 Nov 2016

PM: Belarus' economy shows signs of recovery

MINSK, 15 November (BelTA) – Belarus has been showing signs of its gradual economic recovery, Belarus Prime Minister Andrei Kobyakov said at the expanded-participation meeting of the Council of Ministers on 15 November, BelTA has learned.

“The statistics testify to a gradual economic growth. The situation in agriculture has improved, with the sector posting a 3.8% growth over the last year. Industry has been making headway, evenly approaching the level of the previous year – 98.5%. Bellegprom, Industry Ministry, Belgospishcheprom and Healthcare Ministry (pharmaceutical industry) have already exceeded the last year’s level by 0.8-6.8%. The processing industry is back on track in eight out of its 13 subsections,” Andrei Kobyakov noted.

The profitability of sales went up to 7.4%. The inflation rate stayed within the forecast, making 9.2% in January-October 2016. The foreign trade in goods and services is balanced. “In January-September 2016 the country registered a trade surplus of $391 million, or 1.1% of GDP, as against the projected 0.5% at the start of the year,” he stressed.

According to Andrei Kobyakov, the currency market has leveled off as well. In January-October 2016 net sales of foreign currency on the domestic market totaled $1.6 billion, including $325 million in October.

The Premier also took note of the recent improvements on the credit and deposit market. “In January-October 2016 fixed household deposits in the national currency ramped up by Br203 million, including Br78 million in October though the rates on such deposits are reducing,” Andrei Kobyakov said.

Archive
Su Mo Tu We Th Fr Sa
Great Patriotic War monuments in Belarus