Другие материалы рубрики «English»
- Bruce Bucknell. Remember Crimea
A year ago, the Kremlin helped stage an illegal and illegitimate “referendum” in Crimea that culminated in Russia annexing Crimea from Ukraine...
- High-ranking EU official meets with Belarusian civil society activists
Helga Schmid, deputy secretary general at the European External Action Service, met with representatives of Belarus’ civil society in Minsk.
- Zyanon Paznyak calls for preventing pro-Putin bikers from riding through Belarus on controversial road trip
- Biathlon Youth and Junior World Championships draw to close near Minsk
- US State Department’s envoy to visit Belarus this week
- Lukashenka meets with EEAS deputy secretary general
- EU foreign ministers, Brussels officials expected to visit Minsk soon
- 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
- Minsk adorned by New Year illumination
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