Opinions & Interviews

BARANOVICHI, 27 August (BelTA) – The situation in Belarus will begin to improve in 2016, Belarus President Alexander Lukashenko said when talking to employees of Baranovichi Cotton Production Association, BelTA has learned.

"I am sure we will start getting out of this situation next year, although the economic meltdown in Belarus was not as bad as in other countries,” said Alexander Lukashenko. He noted that the country is having problems but not a crisis.

"Our closest partner, Kazakhstan, has devalued its currency for the third time in the past two years. And this is the country that is sitting on mineral resources. You also see what is happening in Russia: over the past two years the currency has weakened badly and it would seem it would continue falling. Fortunately some stabilization has started,” said the head of state.

In his words, today the countries are concerned more about “staying afloat keeping their manufacturing facilities working during this period.”

Alexander Lukashenko is confident that the current problems will be settled, “such situation will not last forever.”