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MPs will continue boosting Belarus’ international image The Belarusian government forecasts the GDP growth at 1.1% in 2018, First Vice Premier Vasily Matyushevsky said when speaking at the joint session of the Belarusian parliament. According to him, the government is currently working on the forecast of the country's socio-economic development in 2018 and on the fundamental parameters by 2020. Today the sixth-convocation House of Representatives completes its second session. The MPs will continue...

Belarus leading among IAEA member states in terms of number of agency’s missions conducted and requested The "green economy" and nuclear energy development within the BRICS and the CIS are on agenda of the St. Petersburg International Economic Forum. For the first time, Belarus has presented its exposition at the large-scale forum that features twelve thousand ...

... National Bank of the Republic of Belarus (NBRB) continues to gradually decrease the refinancing rate. On 14 June it will be reduced from 14% to 13% per annum. The decisions on the interest rate policy have been prompted by positive trends in the national economy, the improved resilience of the economy to external factors, and the stronger stability of the money and credit sphere. Inflation in Belarus keeps slowing down faster than expected. The favorable situation on the currency and deposit markets continues....

Ministry of Economy: each region to decide on promising growth areas Liberating local initiatives and providing an opportunity for the regions to choose their path of development themselves: the Ministry of Economy has launched a concept according to which each ...

The Development Bank expects profits from the Belarusian wood processing industry this year Belarus President Alexander Lukashenko met with Chairman of the Board of the Development Bank of the Republic of Belarus Sergei Rumas to discuss a wide range of economic issues. The president was informed about the operation of the Development Bank in 2016 and Q1 2017, the state of affairs in affiliated companies. Sergei Rumas told the president that the preparation of the five-year wood processing development...

Public discussions on the simplification of opening and doing business procedures are held in Belarus The discussion on documents on business stimulation continues in Belarus. Normative and legal acts will be developed to reduce inspections of respectable business entities. Practice has shown that there is too much attention from the controllers. Every eighth Belarusian businessman was inspected by sanitary, fire and other services. Public discussions on the documents will be held within a month...

Government to delivers report to President on trends and state of affairs in Belarus’ economy based on Q1 2017 data Trends and the state of affairs in the Belarusian economy will be discussed when the government delivers an extended report to the head of state. Preparations for the event were discussed during the meeting hosted by Belarus ...

Women’s labor is prohibited in 181 instances of especially hazardous and dangerous work conditions To save the lives and health of women in Belarus, their labor is prohibited in 181 instances of especially hazardous and dangerous work conditions. The corresponding list is smaller than the previous edition. It decreased by 71 positions, which contributes not only to the increase in women's employment opportunities, but also an increase in their salaries. The Ministry of Labor and Social Protection...

Belarus to adopt over 20 economic laws and 50 decrees by the end of 2020 Belarus is to adopt more than 20 economic laws and 50 decrees by the end of 2020. Representatives of the Ministry of Economy and MPs discussed amendments to laws and regulations in order to improve the business climate of Belarus. Business, investments, and the real economy need legislative support. The main objective is the fulfillment of the tasks of the Programme ...

According to World Bank estimates Belarusian economy to grow by 1.3% in 2018 The World Bank improved the forecast for the Belarusian economy. According to the report of "Global Economic Prospects" in 2018, our economy will grow by 1.3%; earlier half a percent was predicted. Forecasts ...