MINSK, 23 August (BelTA) – There is every ground to believe that the inflation in Belarus will stay under 12% in 2016, Belarus' Prime Minister Andrei Kobyakov told media after he presented his report to the Belarusian head of state on 23 August, BelTA has learned.
“We have already announced that, unfortunately, only one out of seven parameters, outlined by the head of state, was met. This one, however, is an important one. It is the inflation rate. We are already back to the normal operation and believe that the inflation will not exceed 12% by the end of the year,” Andrei Kobyakov said.
According to the Prime Minister, deflation was registered in the first half of August, which was related to seasonal factor among other things.
As for other parameters, Andrei Kobyakov stressed that the majority of them saw improvement. “We are gradually moving towards the economic recovery,” noted Andrei Kobyakov.
The President was briefed on the situation on foreign markets, the import-export proportion and the country's balance of payment. The meeting highlighted the issues related to the operation of problem state enterprises, and the implementation of measures to reduce cross-subsidizing in the housing and utilities sector.
Chairman of the Board of the National Bank Pavel Kallaur reported to the head of state on the situation in the banking sector and on the currency market.
