Refinancing rate in Belarus down to 38% p.a.
MINSK, 1 March (BelTA) - The National Bank of the Republic of Belarus (NBRB) cuts the refinancing rate to 38% per annum, BelTA learnt from the bank’s information department.
“Taking into account the recent tendencies in the national economy, its financial sector and future projections, the NBRB Board has taken a decision to decrease the refinancing rate to 38% per annum on 1 March 2012,” the bank informed.
According to the NBRB, tightening of the monetary policy last year including by increasing the interest rates helped stabilize the situation in the country and create conditions for macroeconomic recovery. As a result, inflation has considerably slowed down in the recent months.
The present upward trend in fixed-time household deposits points to an improving saving process in the economy and higher trust to the banking system, the bank stressed. Positive changes are seen in the foreign trade as well.
To keep monetary stability in the country the central bank intends to continue flexible interest rate policies, take a timely response to the changing situation in the foreign trade, the real sector of the economy and financial markets.
The company ships diesel fuel along the Pripyat River and the Dnepr River to Ukrainian customers.
GOMEL, 9 April (BelTA) – Gomselmash has plans to set up a trading house in Ukraine, BelTA learnt from head of the company’s marketing center Dmitry Mulyar.
The decision was made at a session of the board of directors of Gomselmash. The new company will be called Trading House Gomselmash-Ukraine and will be located in Kyiv. The session approved the articles of incorporation and the amount of th...
MINSK, 8 April (BelTA) – The Belarusian company OAO Mozyr Oil Refinery intends to increase the yield of light oil products up to 72%. The information was released by the company’s Deputy Director General for Raw Materials and Sales Vitaly Pavlov on 8 April at the international conference scheduled to take place in Minsk on 7-8 April to discuss oil processing and the export of oil products, BelTA h...
MINSK, 4 April (BelTA) – As much as $1.7 billion will be invested in the modernization of Mozyr Oil Refinery, BelTA learned from Vladimir Sizov, Acting Deputy Chairman of the Board of the Belarusian petrochemical concern Belneftekhim, on 7 April. The information was released at the conference scheduled to take place in Minsk on 7-8 April to discuss oil processing and the export of Belarusian oil p...
GOMEL, 24 March (BelTA) – OAO Belarusian Steel Works (BMZ trademark), the managing company of Belarusian Metallurgical Company and the German bank AKA-Ausfuhrkreditgesellschaft mbH (Frankfurt am Main, Germany) have signed a long-term agreement. In line with the agreement the German bank will lend €9 million to BMZ for implementing an environmental project, the company’s press service told BelTA.
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