Belarus
Belarus reports 0.9% y/y industrial growth in January-March
The stagnation in Belarus’s industry continued in March as the country put in the third month in a row of 0.9% industrial production growth.
_2_8_1555510718.png)
Belarus reports 1.1% y/y GDP growth in January-March
The Belarusian economy grew by 1.1% year-on-year in January-March following a 0.8% y/y growth in January-February, according to national statistics agency Belstat.
All but three Moldova-based airlines banned from operating in the EU
Carriers added EU safety blacklist as they fail to meet international safety standards, due to a lack of safety oversight by the Moldovan civil aviation authority.
Russian children's store Detsky Mir puts in robust 1Q19 trading results, launches in Minsk
Real incomes in Russia may be stagnating but people are still spending on their kids and most of Detsky Mir's gains came from increasing customer numbers.
Belarus threatens to suspend Russia's oil transit to Europe amid snowballing energy conflict with Moscow
Belarusian authoritarian President Aleksandr Lukashenko has ordered his government to suspend Russia's oil transit to Europe saying the pipelines running through his country to Europe are “in need of repairs.”
Belarus reports 0.4% m/m inflation in March
Consumer prices in Belarus grew by 0.4% month-on-month (consumer prices rose by 2.2% YTD) in March, according to the nation's statistics service Belstat. Annual inflation fell to 5.8% in March from 6.2% a month earlier.
Russia’s leading children’s store Detsky Mir plans to open 30-50 stores in Belarus in the next 3-4 years
Russia’s biggest children store has decided it's time to move into the market of its smaller neighbour where as a middle class emerges the leading retail companies – both domestic and regional – are expanding.
_2_7_1554875435.png)
IMF almost halves Belarus GDP growth forecast for 2019
The International Monetary Fund (IMF) has revised downward its forecasts for the economic growth in Belarus in 2019 from 3.1% year-on-year to 1.8% y/y, according to the multinational lender's World Economic Outlook published on April 9.
World Bank warns about recession in Belarus if Minsk fails to secure energy deal with Russia
The World Bank has revised downward its forecasts for the economic growth in Belarus in 2019-2021 amid growing worries about possible crisis if Minsk fails to secure full compensation from Russia for losses triggered by the latter’s new energy taxati
_2_6_1554479703.png)
Belarus foreign reserves increased by 2.1% m/m in March
The foreign exchange reserves of Belarus increased by $150.5mn, or 2.1% month-on-month, to $7.2bn in March following a 1.1% m/m growth in February, the National Bank of Belarus (NBB) said in a statement on April 5.
Belarus fails to secure natural gas deal with Russia so far
Belarus is worried about the lack of progress at the bilateral talks with Russia on the price of gas to be imported by Belarus after 2019, according to the nation's recently appointed ambassador to Russia Vladimir Semashko.