Wage cuts and lay offs are unlikely to improve financial performance of Belarusian industry

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April 22, 2016 19:44

According to the National Statistics Committee, in January 2016, industry’s net loss totalled BYR 15.5 billion, regardless of wage cuts to USD 328 and more lay-offs than hires by 2 787 people. The main reason for the losses was revaluation of foreign currency loans amid a decline in production volumes. Given the continued negative trend in the industry, further lay offs are on the way, more employees will work only a part-time, wages will fall below USD 300 and unprofitable enterprises will grow in number. Soon more than 40% of large and medium-sized enterprises may become unprofitable due to currency exchange differences, which will restrict their access to loans and deteriorate the situation with payments in the economy.

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President ensures continuity of state administration with young middle-level personnel
October 02, 2017 12:08
Image: BRSM.BY

President Lukashenka continues to rotate staff and rejuvenate heads of departments and universities following new appointments in regional administrations. Apparently, new Information Minister Karliukevich could somewhat relax the state policy towards the independent media and introduce technological solutions for retaining control over Belarus’ information space. New rectors could strengthen the trend for soft Belarusization in the regions and tighten the disciplinary and ideological control over the student movement in the capital.

President Lukashenka has appointed new ministers of culture and information, the new rector of the Belarusian State University and heads of three universities, assistants in the Minsk and Vitebsk regions.

The new Information Minister Karliukevich is likely to avoid controversial initiatives similar to those former Minister Ananich was famous for, however, certainly within his capacities. Nevertheless, the appointment of Belarusian-speaking writer Karliukevich could be regarded as the state’s cautious attempt to relax environment in the media field and ensure the sovereignty of national media.

The Belarusian leadership has consolidated the trend for mild Belarusization by appointing a young historian and a ‘reasonable nationalist’, Duk as the rector at the Kuleshov State University in Mogilev. Meanwhile, while choosing the head of the Belarusian State University, the president apparently had in mind the strengthening of the ideological loyalty among the teaching staff and students at the main university in order to keep the youth movement at bay. Previously, Korol was the rector of the Kupala State University in Grodno, where he held purges among the disloyal teaching staff.

The trend for the renewal of mid-ranking executives and their rejuvenation has confirmed. The age of the Culture Minister and three new rectors varies from 39 to 44 years old.