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https://eng.belta.by/economics/view/minister-belarusian-economy-firmly-on-recovery-path-158495-2023/ The #Belarusian economy is firmly on the path towards recovery, Belarusian #Economy #Minister Aleksandr Chervyakov said on the air of the ONT #TV channel on 30 April, BelTA has learned. "The first quarter posted #positive dynamics. We see the #performance of the #industries. In general, the economy is showing #recovery #growth. Every month we grow by about one and a half percentage points," Aleksandr Chervyakov noted. "If we talk about March, we see the growth of 0.8%.” According to the minister, the greatest economic contributor was the #manufacturing sector. "It was mainly #mechanical #engineering, #food industry, #light industry, #electrical equipment, #microcircuits, etc. #Agriculture has also been a steady performer with the growth of 3%. These key industries have ensured the appropriate dynamics," he added. The minister also noted the good performance of the #transport industry. "Transport is a very good #indicator (and #leading indicator) of #economic #development. If #cargo #transportation increases, we understand that @production volumes increase. So do #exports," he said. Aleksandr Chervyakov recalled the task of the head of state: to make up for the losses incurred in foreign #markets due to #sanctions. "We had to quickly find new markets and redirect cargo flows there. Last year, we fulfilled this task by 85%. This year, in two months, we approached 98%, and by the end of the quarter we will fully restore the losses we incurred in foreign export markets," the minister stressed. The minister also named the main foreign markets for #Belarus. According to him, #Russia remains the key market. In two months, #sales in this key #strategic market surged by more than 1.5 times. "They grew by $1.3 billion in two months, which was very good," Aleksandr Chervyakov explained. The most important market is #China. Belarus' exports to China rose by 2.6 times. The goal is to reach $2 billion this year. "Of course, the markets of #Africa, #Latin #America, and #Asia are also important for us, but the main thing here is to ensure the #stability of transport corridors," the minister stressed. In general, according to him, the #government keeps tabs on six key parameters of economic development: #production, exports, #investments, #profitability, #pricing and #household #incomes. It is on these key parameters that the government's work is concentrated.

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https://eng.belta.by/president/view/lukashenko-explains-his-anti-market-stance-158440-2023/ Refusing to rely on pure #market approaches in the #development of the #country contrary to #world #trends was the right thing to do. #Belarus President Aleksandr #Lukashenko made the statement during a conference with #Gomel Oblast officials on 28 April, BelTA has learned. Aleksandr Lukashenko said: “No need for any control, [free] #pricing practices. Things went downhill. We are fed up with it. I've always deterred you. Contrary to world trends I was trying to deter you: calm down, keep the best practices from the #Soviet times. Although I am not enamored with the Soviet system.” The president remarked that he has been busy modernizing various systems throughout his life and while occupying various positions. He used some things and discarded other things. He even broke some things but created something new instead. Speaking about approaches based on pure market, Aleksandr Lukashenko is convinced that the idea had been prompted from the outside. He said: “Look at #Japan – 500 programs and plans are created all over the country. It is the minimum number that we know of. In other words, they rely on total planning. While we are told that Soviet planning is rubbish and the market can #regulate everything. #Americans will regulate. They have something to close holes with. If they underperform, they just #brr print more #dollars. Their domestic state #debt is close to $27 trillion. They keep printing while #inflation affects the entire #world. They live at this expense. Yes, market is beneficial for them. If they lack some fiat money, they print it and give it away.” “Back then, the moment I met with #Soros, I came to realize that we mustn't do it. And if we have to do it, we should do it calmly over years and decades. We must not do it in one go. But we were pushed so hard… If I failed to do it, the #economy was branded as a non-market one. And a non-market economy results in expensive foreign #loans and something else. And other #nations don't want to talk to you. But I clenched my teeth and survived it, too,” Aleksandr Lukashenko remarked.

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