Financial health of Belarusian enterprises continues to deteriorate
Belarusian economy in January-February 2015 made a net profit of BYR 2.8 trillion, which is 45% less compared with 2014. In January 2015, economic losses were record low – BYR 42.9 trillion, however the situation somewhat improved next month thanks to tax loss carryforwards as of January 2015. This measure cannot entirely prevent deterioration financial health of enterprises in 2015. Poor financial health, in turn, may lead to a reduction in investment activity, except those subsidised from the state budget, and further lay-offs. Sale of state-owned enterprises or their IPOs on international markets are unlikely due to a significant distortion of their financial picture. Most industries are unprofitable, which may increase the number of bankruptcies among state enterprises in 2015.
During searches of social and "green" activists and anarchists, law enforcement has seized computers, mobile phones and publications. The authorities have also exerted additional pressure on supporters of unauthorized street protests and independent lawyers, who represented defendants in the White Legion case. The security services have stepped up the persecution of opponents before the street protests announced by the opposition. Apparently, the Belarusian authorities aspire that participants in street protests would reduce in number and that the low interest of the population to socio-political agenda before the local election campaign would retain.