Другие материалы рубрики «English»
- Lukashenka said to have agreed to abolition of government monopoly on imports of alcohol, cigarettes
According to the source, authorities have drafted a bill of amendments to the law governing the manufacture and sale of alcoholic beverages…
- Zmitser Dashkevich notified that police supervision over him may be extended and tightened
“I have to report to the Pershamayski district police station in Minsk on the first, third and fourth Thursday of each month…”
- Police turn out at Belarus Free Theater’s show in Minsk
- Belarusian rockers Lyapis Trubetskoi play during pro-EU protest in Kyiv
- Russian embassy warns against drawing conclusions in Uralkali case based on Belarusian media reports
- Almost 100 members of Belarusian Popular Front set to run in local elections
- Belarusian Popular Front blames government for little Eastern Partnership progress
- Hotel, restaurant prices will be "reasonable" during world hockey championship, official says
- Opposition activist Parfyankow sentenced to one year in prison
- Fire damages Grand Choral Synagogue of Hrodna
- Belarus remains at bottom of Eastern Partnership media freedom list, expert says
- Awards ceremony at Listapad International Film Festival
Devaluation of national currency is blessing for export-oriented economy, Lukashenka says
The devaluation of the national currency is a blessing for an export-oriented economy, Alyaksandr Lukashenka said at a news conference that he held in the National Library in Minsk on Friday.
Devaluation is a "difficult thing," and this is clear from the current situation in the country, the Belarusian leader noted. "However, any process has two sides," he said. "The devaluation of the national currency also has the other side. It is a blessing for an export-oriented economy. And today export-oriented enterprises have decent money."
The rubel was devalued for the first time in 2009 because Belarus needed a loan from the International Monetary Fund, Mr. Lukashenka said. "But we didn't eat through that money then and took advantage of the situation," he said. "But we found ourselves in such a situation again amid rising prices of energy resources because the gold and foreign exchange reserves are insufficient."
It is now necessary to take advantage of the devaluation and invest foreign currency proceeds in modernization and measures to improve the quality of products, Mr. Lukashenka said.
"Yes, unfortunately, we have already twice resorted to this unpopular measure," he said. "But we haven't perished, have we? We lived decently after that devaluation and will live decently after this one. But there will no longer be such a scale in housing construction and agriculture. Nor do we need it or would have it if we needed it. We won't have such a scale any more, we'll have a more careful policy." //BelaPAN