Search

New regulations to affect High-Tech Park, banking sector, and other industries Digital Economy Development Ordinance enters into force in Belarus. The document has been developed in accordance with the request of the Head of the High-Tech Park Administration in cooperation with the IT-community, leading law and consulting firms in Belarus, as well as foreign experts. The decree brings our legislation closer to the English law. Foreign HTP employees are granted visa-free entry and stay. The range...

Belarus has developed accounting and reporting standards for tokens Tokens in Belarus are now part of the accounting statements. The day before the entry into force of Decree No. 8, the Ministry of Finance published the national accounting standard for the position «Digital Signs». Not only their standards have been defined, but approaches to the evaluation of tokens have been approved, as well as information to be disclosed in the notes to the organization's accountability for working with these...

Experts note strengthening of Belarusian economy The international rating agency Moody's has improved the outlook for Belarus' sovereign rating by approving it at the «B3» level, stable. It was primarily the strengthening of the economy of Belarus that has contributed to the improvement of the rating. Such a change in the forecast reflects the country's better position on external liquidity, as well as a reduction in the current account deficit. The agency also improved the forecast ...

President expected to partake in meeting How did the economy work in 2017 and what are the challenges for achieving sustainable growth in the future? Today at the Council of Ministers a large report of the government, the National Bank and the regions will be held. It is planned that the head of state will take part in the meeting. Statistics on the results of last year is known – the economic growth is slightly more than two percent. Inflation did not exceed 5%. Today the parties will discuss...

Socio-economic development of the region was in the spotlight Belarus President went on a working trip to Slutsk District, Minsk Region. The President noted that the future of small settlements lies in the creation of processing enterprises. During the conversation with the region's leadership several topics were discussed: the salary of teachers (it’s planned to be doubled in the coming years), export of Belarusian sugar to the Chinese market, and the Year of Small Motherland, during which everyone...

Recommendation include step-by-step guide for starting business The new rules make it easier to launch a business. The Ministry of anti-monopoly regulations and trade prepared recommendations for local authorities and entrepreneurs. It is a step-by-step guide for those who want to start a business in trade, community nutrition, utility services. The recommendations will be posted at the sites of local executive committees. They are also responsible for the observation of the rules. First reports...

Reconstruction of bridge across Pripyat in Zhitkovichi district included in investment program for 2018 The state investment program for this year was approved by the President of Belarus. It includes 101 objects. The funds will be concentrated on facilities put into operation in 2018, and on rolling objects with a high degree of construction readiness. It is expected that 36 objects will be commissioned. In particular, the construction of a kindergarten, a secondary school, as well as a children's...

Rating takes into account improvement in terms of trade, state budget and prospects for economic growth The world-famous financial agency Fitch upgraded the credit rating of Belarus to «B» with a «stable» outlook. The Fitch experts came to this conclusion by analyzing the results of the Belarusian economy and the positive trends in its development. As a key factor, Fitch emphasizes the reduction of refinancing risks due, among other things, to the growth of gold and foreign exchange reserves. Another...

The criteria for applying the simplified taxation system have been increased by 20% President of Belarus signs decree «On taxation».The document does not provide for adjustments to the Tax Code. This is the continuation of last year's initiatives to support the business initiative in the country. Therefore, the document states the tax rates, as well as deductions and benefits on income tax. Before September 1 the government will prepare comprehensive adjustments to the Tax Code with their entry...

In 2018 global economy to operate at full throttle for the 1st time after global financial crisis Belarus will continue its upward economic trend. The World Bank has published the January 2018 issue of the Global Economic Prospects. According to the source, the Belarusian economy will grow by 2.1% in 2018. In 2019 and 2020 Belarus’ GDP will keep growing. In 2018 economic growth in Europe and Central Asia will reach about 3%. This year the global economy is expected to operate at full throttle for...