Другие материалы рубрики «English»
- Karatkevich asks election authorities to invalidate vote results
Tatsyana Karatkevich on Wednesday formally requested the central election commission to invalidate the results of Belarus' October 6-11 presidential election.
- EU foreign ministers agree to suspend sanctions against Belarus
At their meeting in Luxembourg on Monday, the European Union’s foreign ministers agreed to provisionally suspend the bloc’s restrictive measures against the Belarusian authorities.
- Five-year social and economic development to be adopted at All-Belarusian People’s Assembly
- Lukashenka said to have won with 83.49 percent
- Lukashenka warns of crackdown on further unsanctioned opposition protests
- Karatkevich votes for herself
- Lukashenka promises no shift in economic policy
- Rescuers stage massive exercise at sports center in Minsk
- Revelers in Minsk celebrate end of Butter Week
- Leaders of France, Germany, Russia, Ukraine arrive in Minsk for summit on Ukraine crisis
- United Kingdom’s Visa Application Center in Minsk moves into permanent office
- Minsk residents paying tribute to victims of Charlie Hebdo massacre in Paris
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