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is in turn driving strong growth in retail: from a contraction in most of 2015 and 2016 the sector turned around in the middle of 2017 and has been growing strongly since. This expansion fuelled a bid by the republic’s biggest supermarket chain Eurotorg (aka Euroopt) to attempt an IPO in London in the autumn of 2018 – the republic’s first corporate IPO – which ultimately failed due to poor market conditions .
Salaries accounted for 64.1% of the total money income, revenues from doing business and other gainful activities were 8%, transfers to the population (pensions, welfare benefits, scholarships, and other kinds) another 23.5%, and property income and other kinds of revenue made up 4.4%.
The real disposable money income of individuals is calculated as monetary income minus taxes, duties, and fees adjusted bearing in mind the index of consumer prices for goods and services.
4.5.2 Retail sector dynamics
In 2018 retail trade in Belarus totalled BYN44.7bn ($20.8bn), 108.4% as against 2017 in comparable prices, BelTA learned from the National Statistics Committee of Belarus. The retail turnover of trading companies, which accounted for 89.3% of the country's retail trade volume, totalled BYN39.9bn in 2018, 110.8% as against 2017 in comparable prices. In 2018 wholesale trade amounted to BNY92.3bn, 103.1% as against 2017 in comparable prices. In 2018 one-day retail trade volume per capita amounted to BYN12.9 while in 2017 the figure stood at BYN11.6. In 2018 the trade turnover of the public catering industry amounted to BYN2.4bn, 109.4% as against 2017 in comparable prices.
17 BELARUS Country Report February 2019 www.intellinews.com