The US administration and authoritarian Belarus, headed by Alexander Lukashenko, Europe's longest-ruling head of state, have agreed to "prepared to exchange ambassadors as the next step in normalising our relationship"
Russia and its neighbouring post-Soviet republic Belarus have inked a roadmap with the aim to form "an economic confederacy" by 2022, the Kommersant business daily reported on September 16.
Negotiations between Belarus and Russia on deeper economic integration are nearing completion, and the potential for surprises – such as a political or currency union – is expected to diminish.
The foreign exchange reserves of Belarus increased by $263mn, or 3% month-on-month, to $8.89bn in August following a 5.1% m/m growth in July, according to the National Bank of Belarus (NBB).
Eurotorg has set up as a modern organised retail supermarket chain to capitalise on the growth of the retail business in Belarus, which is seeing the emergence of a middle class that is driving retail development.