Current Account

For practical and analytical purposes, the most important part of the balance of payments is the current account balance. The current account balance is a key concept of the international economy, showing, on the one hand, the result of the country’s interaction with the rest of the world over a certain period of time, and […]

Commercial efficiency

Commercial efficiency is determined by the ratio of costs and benefits that provide the required rate of return. Commercial efficiency can be calculated both for the project as a whole and for its individual participants. The enlarged algorithm for assessing commercial efficiency includes the following procedures: calculation of the flow and balance of real money […]

General demographic situation in the world

In the last fifty years, the world’s population has been growing at an ever-increasing rate. So, if in 1750 the world’s population was about 0.5 billion people, then in 100 years it doubled, in another 100 years it increased by 2.5 times, and by 2050, if the emerging trends continue, it will grow more than […]

Open account payments. Bank transfer

The procedure for making settlements for imported and exported goods (services) is regulated by the legislation of the Republic of Belarus, and is also subject to international rules for documenting and paying for payment documents. All settlements related to the export and import of goods and services are carried out through authorized banks. Payment of […]