Другие материалы рубрики «English»
- Stake in Hrodna Azot attracts no bids
The government has failed to find a buyer for a stake in state-owned chemical company Hrodna Azot through a bidding contest.
- Rights defender Bandarenka denies hooliganism charge during trial
Prominent human rights defender Andrey Bandarenka on Tuesday admitted hitting two women during a drunken fight but said that he had been acting in self-defense.
- Opposition activist Dabratvor sentenced to 14 days in jail for allegedly uttering obscenities
- Retail sales of vodka reported down 6.5 percent in first half of 2014
- Belarus said to have paid almost $1.8 billion in export duties on petroleum products to Russia in first half of 2014
- EU urged to impose visa bans on three local government officials in Mahilyow region
- Former Foreign Minister Latypaw joins supervisory board of Alfa Bank
- Vintage motorcycles on show near Minsk
- German MP says that she is in favor of cooperation with Belarus but will not forget about political prisoners
- Slavyanski Bazar festival ends with gala concert in Vitsyebsk
- German embassy donates humanitarian aid to orphanage in Minsk
- Children lay flowers at monument to Yanka Kupala on his 132nd birth anniversary
World Bank expects Belarus` economic situation to improve
The World Bank expects that the economic situation in Belarus will improve, but the government should carry out further reforms to ensure this, Martin Raiser, the WB`s Kyiv-based director for Ukraine, Belarus and Moldova, told reporters in Minsk on Friday.
Belarus has been experiencing hard times in the last six months, and it needs serious measures to get out of the crisis, including those aimed at cubing domestic demand, said Mr. Raiser.
The measures would hit the population’s pockets, but consistent efforts on the part of the authorities to stabilize the situation by pursuing sustainable monetary, budgetary and foreign exchange policies would make it possible for people to see better prospects, he said.
Additional consistent steps by the government will send an important signal to both the population and investors, said the WB expert.
He emphasized the need for Belarus to improve the investment environment to ensure that private businesses could play a role as a driving force behind economic growth.
People should see that they are moving toward a brighter future, not back into the past, to cope easier with existing difficulties, added Mr. Raiser. //BelaPAN