The Belarusian economy is open and highly dependent on exports and imports

25 марта 2020
This means that we cannot stand aside from the solvency of partners, the slightest fluctuations in global financial markets. And with the collapse of oil prices, closure of borders, when sales and purchase of goods and raw materials are paused, these consequences are felt even more acute and immediately affect the work of enterprises, the public sector, and business.

According to the latest estimates of experts, global GDP growth may decline from 2.5% to 1.3%. But the social sphere will not be affected. Warm winter and last year's surplus helped to save the resources. Reserves for external loan settlements are used more actively. Belarus, as before, will pay in full on external loans without any delays. It has already paid $400 million in two months. 

The first step to support business was voiced at the State Property Committee. It is proposed to postpone the rent and a moratorium on its increase for travel agencies, hotels, health resorts, transport companies, cafes and workshops that rent state property. 

These and other proposals from business unions, ministries and agencies will be considered by the government tomorrow.