FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT 2015
BELARUS
key CAPITAL MARKETS INFORMATION
Country Facts
Country
Capital
Area (km²)
Population (million)
GDP (USD billion)
Export of goods and
services to GDP
Currency
Exchange rate (1 USD)
Time zone
Calling code
Belarus
Minsk
207,600
9.48
75.9 (31.12.2014)
61%
Belarusian Ruble (BYR)
11,900
GMT+3
+375
Legal status of BCSE Open joint-stock company
Main shareholder National Bank of the Republic of Belarus
Securities market regulator Securities Department of the Ministry of Finance
Settlement depository RUE “Republican Central Securities Depository”
Other exchanges OJSC “Belarusian Universal Commodity Exchange”
key economıc data
CAPITALIZATION/GDP (%)
INFLATION (%)
5.5
REFINANCING RATE (%)
16.5
23.5
16.2
20.0
0.8
2013
2014
2013
GENERAL TAXATION RATES (%)
2013
2014
2014
BCSE TOTAL TRADING VOLUME AND BELARUSIAN GDP DYNAMICS FOR 5 YEARS, (USD MILLION)
80,000
20
18
60,000
13
55.4
53.4
70,000
40,000
30,000
50.2
43.7
50,000
29,422.8
75,921.9 60.0
63,470.9
58,799.0
55,086.5
72,808.6
36,548.3
35,156.5
50.0
48.1
25,699.3
20.0
20,000
10.0
10,000
0
VAT
Income Tax
Profit tax
(top rate)
40.0
30.0
36,520.3
2010
2011
Trading Volume
2012
GDP
2013
2014
0.0
Unit weight from GDP, % (right axis)
KEY SOLUTIONS OF THE GOVERNMENT ON THE SECURITIES
MARKET DEVELOPMENT
•
•
•
•
•
•
14
Tax liberalization for operations in bonds;
Simplification of bond issue procedure;
Introduction of “exchange-traded bonds” as a separate type of bonds;
Cancellation of the moratorium on free circulation of stocks since 2011;
Transition to exchange market circulation for all stocks of open joint-stock companies;
Municipal bond market formation
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