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BUSINESS AND ECONOMY
Belarus Leading Among CIS Member-States on Industrial Output Growth
For the 10 months of 2004 Belarus is a leading country among CIS states in industrial output growth, the Statistics Committee of the Commonwealth of Independent States stated.
The industrial output in Belarus in January-October 2004 made 16,1% compared with the same period of 2003, in Tajikistan, 15,2%, in Ukraine, 13,6%, in Kazakhstan, 10%, in
Kyrgyzstan, 7,1%, in Moldova, 6,3%, in Russia, 6,2%, in Azerbaijan, 5,5%, in Georgia, 4,6%, and in Armenia, 1,5%.
World Bank Experts Arrive in Minsk to Prepare Country Economic Memorandum
A group of the World Bank experts arrived in Minsk to work out the Country Economic Memorandum
(CEM). The experts plan to stay in Belarus till December 18. The presentation of the CEM results is scheduled for 2005.
The group will pay special attention to the examination of the economic growth in Belarus and its stability. Experts will be analyzing such factors as macroeconomic policy and risks, results, stimuli and the competitive ability of the Belarusian industry, development of the medium and small business, environment for entrepreneurship development in the country, finances and resources in Belarus economy, foreign trade, competitive ability and integration in the global and regional context and industrial issues (energy, agriculture, and banking activity).
CEM is one of the core diagnostic reports of the Bank, undertaken in every country-member of the Bank on a relatively regular basis (once in 3-4 years).
The last CEM for Belarus was prepared in 1996. A new CEM is envisaged under the recent Country Assistance Strategy and aimed at deepening and widening of the understanding of the Belarusian economy, including the sources of its better-than-expected performance in recent years, expectations for the future under various scenarios, and the relative costs and benefits of future reform strategies.
Working in close interaction with the Belarus Government and the National Bank, the CEM will aim to clarify the options currently open to Belarus in the economic sphere.
By 2010 Bank System of Belarus to Meet All Requirements of European Union
By 2010 the bank system of Belarus will meet all requirements of the European Union. This is the main goal of the conception of the bank system development of Belarus for 2001-2010. On December 1 Chairman of the board of the National Bank of Belarus Piotr Prokopovich informed President Alexander Lukashenko about the course of the implementation of provisions of this program.
According to Piotr Prokopovich, all forecast indices on increasing the resource base of the bank system and volumes of crediting the real sector of economy were fulfilled.
Belarus Unemployment Rate Down To 2% by the End of the Year
Belarusian unemployment rate is to go down to 2% of the economically active population by January 1, 2005 from 2.1% as of November 1, 2004, Belarusian Labor and Social Protection Minister Antonina Morova stated.
As of early 2004 the unemployment rate was at 3.1% of the economically active population. According to the Statistics Ministry, the number of officially registered jobless people in Belarus decreased by 32.9% in January-October to 91,300 as of November 1.
Currently Belarusian labor force is estimated at 4.3 million people, or 43.9% of Belarus total population. |