President Xi Jinping called on Wednesday for a political settlement of the Russia-Ukraine conflict, urging relevant countries to stop their attempts to politicize the global economy and make earnest efforts to contribute to a cease-fire and peaceful resolution of the cri
2022 saw a record number of apartment sales in Minsk, with a 42% increase over 2020. One-bedroom apartments dominated, while new buildings made up only 10% of the market. Prices saw minor fluctuations, and the most expensive apartment sold for $500k. Analysts predict a stable market in 2023.
Belarus' long-term rating as a foreign currency issuer remains at 'RD' (Restricted Default), Fitch Ratings said. Fitch explains that Belarus continues to pay its USD-denominated Eurobond in the local currency, contrary to bond documentation which does not allow for settlement in alternative currencies.
Restrictions on transactions and difficulties with servicing Visa and Mastercard cards are forcing Belarusian businesses and ordinary people to look for alternative options. Chinese yuan and the UnionPay payment system are being considered as one of them.
Deputy Minister of Health Boris Androsyuk anounced: "Despite COVID19 we managed to fulfill plan on export of medical services, probably due to the policy of openness of our country. We ensured a 20% growth and export exceeded $40 million.
The new hotel opened in the center of Grodno in place of a building that was demolished 15 years ago. The owners initially planned to build a three-storey shopping and administrative center, but finally they opted for a small hotel.
Minsk and Moscow have advanced by about 30% in the implementation of the integration maps. Now special attention is focused on the following areas: the tax sphere, customs cooperation, and the formation of a unified gas market.
Against the backdrop of problems within the international arena and the ever-increasing political and economic isolation of Minsk, the role of China within Belarusian affairs continue to grow. Should we expect even more cooperation as Belarusian authorities hope?