Belarusian security forces attempt to restore confidence ratings and prevent reshuffles

December 05, 2016 9:24

Interior Minister Ihar Shunevich in the "Close-up" TV programme commented on the deadly accident, which happened through the fault of a drunken Baranovichi traffic police chief. The minister attempted to play down multiple reports of abuse by the law enforcement, to politicise the conflict between society and the police and to emphasise his role in preserving the socio-political stability in Belarus. Amid dwindling state resources and stepped-up competition for budgetary support, media reports about violations in the law enforcement system have multiplied. Minister Shunevich is frequently confronted with the information pressure from the media on the law enforcement agencies. That said, retaining high confidence of the population in the law enforcement system and other public institutions is crucial for the Belarusian authorities.

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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.