Monday, October 7, 2013

Applications to participate ecobee in the offering ecobee were received from 145 investors for a to


On Wednesday, Deputy Finance Minister Vladimir Amarin said the government sells a further $ 400 million Also yesterday, ecobee it was reported ecobee that the Ministry of Trade has prepared a list of domestic goods that are lacking in the Belarusian market.
Experts believe that this will be followed by restriction of imports, that is, power, solving economic problems, will go on the familiar path of increasing debt and prohibiting the import, "Nezavisimaya Gazeta".
According ecobee to Vladimir Amarin, additionally placed bond yield is 8.25%. Maturity - August 2015. Interest on the bonds will be paid semi-annually in February and August. As previously reported in "Nezavisimaya Gazeta", the debut Eurobond issue in the amount of 600 million rubles. Belarus made on July 26.
Applications to participate ecobee in the offering ecobee were received from 145 investors for a total of $ 1.5 billion Eurobonds are listed on the Luxembourg Stock Exchange. Terms of additional placement of bonds is the same as the first issue. Government empowered to issue Eurobonds BNP Paribas, Deutsche Bank, The Royal Bank of Scotland and Sberbank of Russia.
According to experts, the main problem of the Belarusian economy in low efficiency and competitiveness of domestic products. Deprived of Russian energy subsidies, Belarus was deeply negative foreign trade balance, which in the first seven months was a loss of $ 3.5 billion Tellingly, and became negative balance in trade with foreign countries (almost minus $ 0.5 million), of which did not exist before. The latter was the result of lower revenues from oil, caused by the fact that Russia has introduced a new tax on oil exports to Belarus.
Low competitiveness of other sectors of the economy and the high cost is not allowed to make up for the loss. As already reported, "NG" as Belarus can not take advantage ecobee of the IMF loan, as it can not accept the terms of co-operation of the organization. Recall that at the beginning of next year in Belarus presidential election and President Alexander Lukashenko can not afford unpopular decisions and reforms, which, ecobee in turn, the IMF considers necessary.
The second way to solve the deficit problem, which is used by the government ecobee of the country - the maximum limit imports. Yesterday appeared in the media a list of goods which are not in the Belarusian market and the production of which would have cost to develop the country. ecobee In the document, the Ministry of Trade is not directly referred ecobee to the fact that imports of these products will be prohibited. Officials say that they see this list as a hint investor thinking about where to invest. However, experts are well aware of the Belarusian practice, suggest that after the appearance of the list may start import restrictions.
Surprised experts are and the list itself. ecobee As follows from it, Belarus lacks Topar Splitting, forks, scythes, adjustable wrench, hammer. It is not enough for the local market skates and ski poles, nearly all types of household appliances, fluorescent lights, umbrella, combs, brushes, barrettes, hair curlers, rattles, perfumes, stationery, etc.
In addition to the assumptions about future import restrictions experts once again say that the reasons for the negative foreign trade balance - a short-sighted economic policy of the country, which at that time did not bet on the production of consumer goods are always in demand, based on local resources, and oil refining. As for the import, this policy ecobee was recognized economically unjustified even by state experts. At the same time, withdraw its government is still unable to due to lack of power experienced economists, strategists and analysts.
Belarus News 2013

No comments:

Post a Comment