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January 23 – January 29, 2017

Most layoffs in 2017 in Belarus are likely in construction and agriculture

The situation has not changed

According to the National Statistics Committee, in 2016, 107200 people were laid off, mainly in industry, construction, agriculture and retail trade. The layoffs were due to excessive employment amid production slowdown; amid decreased construction volumes, construction and installation works reduced, too; most agricultural enterprises were unprofitable in 2017 without the state support. Construction sector is likely to continue to shrink due to reduced construction plans. Several hundred agricultural enterprises will undergo financial rehabilitation or bankruptcy proceedings, which will lead to reduced employment in this sector. Unemployment benefits will be increased to meet the requirements of international lenders. The Belarusian economy is unlikely to generate numerous new jobs due to unfavourable investment environment, except, may be, the IT sector, which has a persistent labour shortage.

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