Belarusian economy to see two-year GDP decline

July 26, 2016 0:50

According to the IMF forecast, if current economic reforms continue and the situation on external markets improves, Belarusian economy may resume growth only by 2018 and in 2016 it will shrink by 3% and in 2017 - by 0.5%. The key risk factors for the Belarusian economy include the low level of reserves, increased levels of public debt and deteriorated financial health of enterprises. The Belarusian government is likely to fulfil the IMF recommendations partially - further cut the share of state subsidies for household utility costs and attempt to sell some state assets, which will require the transition to international accounting standards. The state will not give up on performance plans for enterprises, but may narrow tasks substantially. If the state introduces additional measures to ensure Belarus’ financial stability, the IMF is likely to start negotiations for a new loan in late 2016 - early 2017.

Similar articles

Death penalty discussion in Belarus: yet not ready for either abolition or moratorium
September 18, 2017 10:43
Фота носіць ілюстрацыйны характар. Источник: Читать далее:

The Belarusian authorities have launched a discussion on the moratorium or abolition of the death penalty under the pressure of Belarusian human rights activists and international community. Apparently, the authorities are interested in monitoring public sentiments and response to the possible abolition of the capital punishment. The introduction of a moratorium on the death penalty would depend on the dynamics in Belarusian-European relations, efforts of the civil society organisations and Western capitals.

In Grodno last week, the possibility of abolishing the death penalty in Belarus or introducing a moratorium was discussed.

The Belarusian authorities are likely to continue to support the death penalty in Belarus. During his rule, President Lukashenka pardoned only one person, and courts sentenced to death more than 400 people since the early 1990s. Over the past year, Belarusian courts sentenced to death several persons and one person was executed.

There are no recent independent polls about people’s attitude about the death penalty in Belarus. Apparently, this issue is not a priority for the population. In many ways, public opinion about the abolition of the death penalty would depend on the tone of the state-owned media reports.

That said, the Belarusian Orthodox Church and the Roman-Catholic Church stand for the abolition of the capital punishment, however their efforts in this regard only limit to public statements about their stance. Simultaneously, the authorities could have influenced public opinion about the death penalty through a focused media campaign in the state media. As they did, for example, with the nuclear power plant construction in Astravets. Initially unpopular project of the NPP construction was broadly promoted in the state media, and eventually, according to independent pollsters, was accepted by most population.