Belarus

Belarus' export of computer services up 21% in 1H19

bne IntelliNews August 9, 2019

Belarus' export of computer services, telecommunication services and information services rose by 21% in the first half of 2019

Belarus foreign reserves increased by 4.1% m/m in July

bne IntelliNews August 8, 2019

The foreign exchange reserves of Belarus increased by $337mn, or 4.1% month-on-month, to $8.63bn in July following a 2.5% m/m growth in June, the National Bank of Belarus (NBB) said in a statement on August 7,

Belarus central bank to cut key rate to 9.5%

bne IntelliNews August 8, 2019

The National Bank of Belarus (NBB) is going to cut on August 14 its refinancing rate from the current level of 10% per annum to 9.5% per annum, the central bank said in a statement on August 7.

Belarus government forecasts 2.5% y/y GDP growth in 2020 despite looming crisis

bne IntelliNews July 31, 2019

The Belarusian government forecasts a 2.5% year-on-year growth of the nation's GDP in 2020, the Prime Minister Sergei Rumas said on July 30.

COMMENT: Southeast Europe the growth star in CEE banking, but the profit pool is elsewhere

Gunter Deuber of Raiffeisen Research in Vienna July 16, 2019

The core message for bankers and investors active in the CEE region should be: close to old records, potential for more but watch out for late cycle phenomena.

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