National Bank of Belarus - Annual Report 2004

According to the National Bank of the Republic of Belarus's Annual Report 2004, the economic situation in 2004, on the whole, was characterised by a deceleration of inflationary and devaluation processes and higher rates of GDP growth.

The production of goods and services in most industries, investment in fixed capital, and foreign trade also characterised the year. Based on the results of performance in 2004, the Republic of Belarus joined the group of countries with a high pace of economic

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