Foreign investors are waiting. The Ministry of Finance promises to liberalize the insurance market

The Ministry of Finance has prepared a number of amendments to the legislation that regulates the Belarusian insurance market. As expected, the amendments will come into force this year. This was said by the Head of the Main Department of Insurance Supervision of the Ministry of Finance Sergei Osenko at the press conference on 29 March 2017.

Category: Market news

Allowance for unemployed is proposed to be increased before the introduction of unemployment insurance

It is proposed to increase the allowance for unemployed before the introduction of unemployment insurance in the Republic of Belarus. This was said by the Belarusian First Deputy Labor and Social Protection Minister Andrei Lobovich. “We propose that at the first stage, before the launch of unemployment insurance system, the allowance for unemployed should be increased up to 100% of the living wage budget in respect of dismissed due to the reduction of number or staff of employees, up to 50% of the living wage budget in respect of dismissed due to valid reasons,” Andrei Lobovich noted. The respective draft decree was developed by the Ministry of Labor and Social Protection, supported by the Ministry of Economy and the Ministry of Finance.

Category: Market news

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