English language version Russian language version

Belarus EU Press Review: March/2012

Belarus-EU Press ReviewfDI optimistic about Belarus’ prospects to raise foreign investment

The Financial Times published a report on business dong conditions in Belarus which offers an optimistic prognosis about Belarus’ prospects of attracting potential investors. 

Belarusian central bank reduces world’s highest rate to 36%

Belarus cut its benchmark refinancing rate, the world’s highest, for the third time this year as inflation slows following last year’s balance-of- payments crisis.

Belavia: Russia trying to oust competitor from the Belarusian market

Deputy Director General of Belavia Igor Cherginets regards the situation around Minsk-Moscow air service as a war for market share between Russian airlines and the National airline Belavia.

EU countries agreed to expand sanctions against Belarus

The EU countries have reached an agreement on the issue of enlarging the EU sanctions against Belarus. According to the European diplomats, 29 private companies, as well as 12 individuals were added in the EU updated blacklist at a meeting in Brussels on March 23.

Fitch affirms seven Belarusian banks; outlook negative

Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDRs) of seven Belarusian banks. Belarusbank (BBK), Belinvestbank (BIB), BPS-Sberbank (BPS), Belgazprombank (BGPB), Belvnesheconombank (BVEB) and VTB Bank (Belarus) CJSC (VTBB) have been affirmed at 'B-' with a Negative Outlook and CJSC BTA Bank (Belarus) at 'CCC'.

S&P reports on six CIS sovereigns in the post-soviet era

Twenty years since the collapse of the Soviet Union, the path of transition of Commonwealth of Independent States (CIS) sovereigns has influenced Standard & Poor's Ratings Services' view of their creditworthiness.

IBRD to implement 6 energy projects in Belarus

Six new investment projects in the energy sector will be implemented in Belarus in cooperation with the International Bank for Reconstruction and Development (IBRD). The initiatives will make part of the list of the projects financed via external loans attracted under the guarantees of the Belarusian government.

WB to discuss joint energy efficient projects in Belarus

Experts of the World Bank will discuss joint energy-efficient projects while in Belarus on a working visit from 12-16 March.

Deutsche Bank, BNP Paribas, RBS asked to reconsider Belarus exit

Belarus wants to lure back Deutsche Bank AG (DBK), BNP Paribas SA (BNP) and Royal Bank of Scotland after the lenders halted work in the former Soviet republic as western governments tightened economic sanctions.

Belarus preparing Financial Program for 2013-2015

Preparation of draft guidelines for fiscal and tax policy for 2013 and the medium-term financial program for 2013-2015 has been launched in Belarus. In this regard, an interdepartmental working group, headed by Deputy Prime Minister Sergei Rumas, has been formed.

IMF mission led by Chris Jarvis assess Belarus' efforts to overcome the financial crisis

The economic policy of Belarus on overcoming the consequences of the financial crisis prompted appraisal the IMF mission, which came to Belarus on February 22. After 2 weeks of through examinations, numerous consultations and meetings with economic authorities the policy of Belarus the mission made a special statement appraising the reduction the refinancing rate and curbing foreign misbalance.

Belarus ranks 61st in developing e-government

United Nations Department of Economic and Social Affairs published the statistical book "e-government. Review 2012," reflecting the progress of states in creation of electronic government. Belarus has improved its position by three points, ranking 61st place out of 193 countries.

Positive Engagement

Article by James Wilson, Director of the Belarus EU Business Council, in « The Parliament » magazine, issue 343, 20.02.2012

Europe knows little about doing business conditions in Belarus

The European business community is poorly-informed about how attractive the doing business conditions in Belarus are, British businessman Simon Hume-Kendall presenting Environova Consulting Ltd. told BelTA.

Official Documents, Statements and Press-Releases