Исследовательский Центр ИПМ
Kasrtyčnicki Ekanamičny Forum

Belarusian Monthly Economic Review, №2(125), February 2013

In January, Belarusian Potash Company – an exclusive distributor of Belaruskali and Uralkali – signed a new contract on supply of 1 m tones of potash fertilizers at a price of 400 USD/t to China. This is 70 USD/t lower than a price of a previous contract with China. In general, this event might stipulate a number of negative outcomes. First, as of now, potash fertilizers are unlikely to compensate growing trade deficit. Second, fall of prices in potash market causes decrease of market price of Belaruskali.

Other topics of the issue:

  • Real GDP fell in the fourth quarter of 2012.
  • Foreign trade deficit in November reached maximum since the beginning of the year.
  • Consolidated budget was executed with a deficit in November.
  • Changes in Banking Code: increase of credit market transparency.