Belarusian president promises career development to public officials to build their loyalty

February 06, 2017 13:09

President Lukashenka continues to reshuffle high-ranking officials: since 2011, he replaced two thirds of the top managers ranking deputy minister and higher. When selecting candidates for senior posts, the president goes by their loyalty, not professional merits. For instance, emergency physician Valery Malashko after a record-brief 43-day service as the Minister of Labour and Social Protection was reappointed as the Health Minister. Apparently, President Lukashenka is planning a full renewal of top-managers in the coming years by moving loyal public officials up the career ladder. Such personnel policy allows the president to ensure the loyalty of top-managers and prevent formation of strong links between officials in the upper echelons.

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Increase in terms of currency proceeds return may increase number of Belarusian exporters
June 26, 2017 11:43

According to Decree No. 221 of June 23rd, 2017, deadlines for the completion of foreign trade operations have been extended from 90 to 180 days for exports and from 60 to 90 days for imports. Delayed payments entailed a fine up to 2% of the transaction cost for each day of the delay, but could not exceed the total cost of the transaction. Most companies, when working with new counterparties, require a deferred payment for a period of three to six months. Due to the new regulation, violations are likely to reduce in number, so as the fines. Trade enterprises are likely to expand the assortment list due to the supply of new products in small lots, and the assortment list of exported Belarusian goods could expand, too. The new terms for completing foreign trade transactions would enable medium and small companies on the foreign trade market, exporters and importers are likely to grow in number and the geography of export-import operations could expand.