Some Belarusian industries will suffer losses in 2015

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April 22, 2016 19:37

In January-September 2015, 9 of 16 industries were unprofitable. Due to foreign currency differences in September 2015, industries were able to reduce losses by circa BYR 7.6 trillion. However, this will not prevent a further deterioration in the financial health of the majority of industrial enterprises. In order to facilitate their situation, machine-building and iron and steel enterprises will require assistance in repaying their loans. Even with such assistance, these enterprises will increase arrears in payments for raw materials, extend settlement terms, and increase part-time employment. Garment and furniture industry require reduction of wages in order to be able to compete with Russian producers on the domestic and foreign markets.


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Minsk strengthens ties with Russian regional elites
October 02, 2017 12:22

President Lukashenka has met with the head of Chechnya Ramzan Kadyrov, who visited Minsk and the Minsk Automobile Plant. Minsk has always sought to have independent links with Russian regional elites, partially, to compensate for the Kremlin's diminishing interest in Belarus. In recent years, Belarus’ contacts with the Russian regions have been extremely intense. However, with some leaders of Russian regions, primarily heads of large republics, communication was more difficult to build. As many analysts in Minsk suggested, Minsk could regard contacts between President Lukashenka and the head of Chechnya as an additional communication channel for relieving tension in relations with the Kremlin. However, most likely, a trusting relationship with Kadyrov is a value for Minsk as such, provided Kadyrov’s broad business and political interests, and a high degree of autonomy for the Chechen leader from the Kremlin.

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