Belarus and Russia Report Strong Economic Growth in 2024

Economic Growth in Belarus and Russia: Union State Reports Positive Results The Union State of Belarus and Russia announced positive economic growth in 2024. The economy expanded by 4%, exceeding expectations. Capital investments in Belarus saw an impressive 8% increase, demonstrating confidence in the country's economic future. Mutual trade within the agribusiness sector also flourished, with a remarkable 15% growth. This highlights the success of joint initiatives in this key sector. "The strong performance in key economic indicators reflects the positive trajectory of the Union State," stated an unnamed official from the Belarusian Ministry of Economy. Furthermore, over 95% of financial transactions between Belarus and Russia are now conducted in national currencies, reducing reliance on foreign exchange and strengthening economic ties. This economic progress showcases the potential for continued growth and cooperation between Belarus and Russia, fostering stability and prosperity within the Union State.