Currently, Belarus is compiling an analytical and standard presentation of the balance of payments. The difference between them is that the balance of payments is derived in the analytical presentation, showing the dependence of the country’s economy on the outside world. The balance can be positive, which indicates that the country is a creditor of […]
Tag: Payment
Sources of statistics of the balance of payments of the Republic of Belarus
According to the instructions of the Government of the Republic of Belarus, the reporting balance of payments is compiled by the National Bank on the basis of data on the trade balance and other foreign trade flows (services, humanitarian aid, direct investment in commodity form, etc.) formed by the Ministry of Statistics together with the […]
Enterprise Lifecycle
The laws of dialectics indicate that everything that arises and arises in the future develops, transforms and dies. This also applies to such a category as an enterprise. An enterprise established for an indefinite period can function indefinitely. This period (life cycle) can be divided into certain stages: creation, development, reorganization, restructuring, bankruptcy, reorganization, and […]
Dispute Resolution or Arbitration
This section of the contract establishes the procedure for resolving disputes that may arise between the parties and cannot be resolved through negotiations. Most contracts provide for the settlement of the dispute by arbitration or so-called arbitration. Under arbitrationA (arbitral) court is a court elected by the parties to resolve a dispute between them. Unlike […]