20.04.2021, 14:11
The economist explained how the state-owned enterprises of Belarus are threatened by the US sanctions.
Renewal of US sanctions against the Belarusian petrochemical industry may affect the desire of companies from other countries to cooperate with state-owned enterprises of Belarus.
Aleh Mazol, a researcher at the BEROC Center for Economic Research, said this in a comment to belsat.eu.
The expert noted that the sanctions, firstly, will complicate the work of Belarusian companies in the US market, and, secondly, they will become a signal for other counterparties who would like to cooperate with these enterprises.
“Since the sanctions are imposed by the United States itself, they can impose bans on transactions with the dollar and so on. This creates a signal for other companies that would like to work with Belarusian enterprises. And this is the main blow. Not that they will be banned from working in the American market, although this will significantly affec
1.02.2021, 12:11
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The problems in the economy may lead to a default of the banking system of Belarus.
The situation in the real sector of the economy is sad. The business activity indicators have decreased: according to the latest published data (for eleven months), compared to 2019, there was a decline in GDP (-0.9 %) and the passenger and freight turnover (-33.1 and -6.2 %). The wholesale turnover fell by 5.0%, investment in fixed assets decreased by 4.3%. The only indicator of business activity that showed a positive trend was the increase in retail turnover (2.0%), the Belarusians and the Market website reports. As a consequence, the financial results of the real economy worsened: net profit of organizations decreased by 58.8%, while the number of unprofitable organizations increased by 26.8%. The amount of net losses of unprofitable organizations reached 6.4 billion rubles - an increase of 6.3 times! At the same time, according to official data, there is no growth in