MOSCOW, 22 February (BelTA) – The construction of a big logistics center for Belarusian goods will start at the border of Novgorod and Leningrad Oblasts of the Russian Federation in March, said First Vice Governor of Novgorod Oblast Alexander Gabitov, BelTA learnt from the press service of the oblast administration. According to Alexander Gabitov, a large trading show of Belarusian products will be held from 31 March till 1 April and this event will make a basis for the development of the...

MINSK, 21 February (BelTA) – The International Monetary Fund (IMF) Review Mission will work in Minsk from 22 February till 6 March, BelTA learnt from the IMF Resident Representative Office in Belarus. Traditional annual mission will work in accordance with the fourth article of the IMF charter. “The mission will review the economic policy of Belarus for the preceding year and changes in the economic situation in the country. We will also discuss the economic policy for the current year...

MINSK, 20 February (BelTA) – President of the Republic of Belarus Alexander Lukashenko has called on foreign ambassadors to be unbiased and objective to Belarus. The President made this statement as he received the credentials of the nine foreign ambassadors on 20 February, BelTA has learnt. “I do not doubt that you will be able to see our country in an unbiased and objective way and to realize that Belarus is not only a reliable and predictable partner, but also a true friend ready to...

MINSK, 20 February (BelTA) – If necessary, Belarus can retaliate against sanctions of the European Union. President of Belarus Alexander Lukashenko made the statement as he accepted credentials from ambassadors of nine nations on 20 February, BelTA has learned. “You must understand we choose to tolerate the sanctions you are waving before us for now. But once you cross the line, we will retaliate,” said the President. “We are in the center of Europe. 100 million tonnes of freight is...

MINSK, 14 February (BelTA) – In January 2012 the gross domestic product of Belarus increased by 3.6% in comparable prices as against January 2011 to a total of Br34.327 trillion, BelTA learnt from the National Statistics Committee. In accordance with the socio-economic development forecast for 2012, the GDP growth is expected to make up 5-5.5% as against 2011. In January 2012 the industrial production went up by 6.6% to a total of Br48.471 trillion (the annual forecast is 6-7%). The share...

MINSK, 7 February (BelTA) – According to preliminary data Belarus’ gold and foreign exchange reserves in IMF terms stood at $7,968.2 million as of 1 February 2012, up $52.3 million from the beginning of the year, BelTA learned from the Information Office the National Bank of the Republic of Belarus. In national terms the gold and foreign exchange reserves amounted to $9,493.5 million, up $106.3 million in January 2012. The increase has been facilitated by the higher price for gold on...