Business community pressured to abolish higher tariffs on acquiring and collecting commission
On October 30th, 2014, the National Bank reversed the decision on minimum fees for collection services and acquiring.
It was abolished due to negative reactions in the business community to the higher costs of these services for the enterprises, which could entail the closure or suspension of activities for many trade organisations. The National Bank will continue implementing measures that seek to increase the share of non-cash payments in the total settlements in the economy, including physical persons and legal entities. Physical persons may be forced to make more non-cash payments, while enterprises might be pressured to pay workers’ salaries to bank accounts.
According to Belstat, in August 7,600 people were dismissed, including 4,800 civil servants. Dismissals of civil servants were due to the optimisation in the public administration by up to 30%. Some civil servants would retain their job however would lose the status of a civil servant. Vacancies on the labour market are likely to reduce in number, thanks to the optimisation, the state administration would increase wages for public servants. The payroll fund for retained employees is likely to increase and some former state employees are likely to get jobs in affiliated organizations. The optimisation of the state apparatus should complete by January 1st, 2018, and some former civil servants are likely to join the ranks of the unemployed.