On August 1, President Alexander Lukashenko met with Prime Minister Mikhail Myasnikovich to receive his report.

The President and the Premier discussed, among other things, the upcoming meeting involving members of the Government and the Board of the National Bank scheduled for the second half of August. This meeting is expected to consider some urgent economic issues and take important decisions to determine the nation's foreign currency policy and economic policy this year as a whole, as well as identify the objectives for the year 2012. It is planned to take some crucial decisions that would largely shape the economic strategy of the Belarusian State.

The second question that the President and the Premier discussed during their meeting on August 1 was household income and inflation. In this situation, the Head of State said, it is necessary to take action to make sure that monopolists behave in a proper way and do not aggravate the economic situation. Social guarantees must be observed in this situation, particularly those with regard to socially sensitive categories of the population, above all low-income citizens and families and children.

During their meeting, the President and the Premier also discussed the agenda of the upcoming meeting of the Council of Ministers of the Belarus-Russia Union State which will take place in Moscow on August 15. Among the matters to be discussed in Moscow there are collaboration between the two countries in science and technology, Union State budget and harmonization of the processes within the Union State and the Single Economic Space of the EurAsEC, and some other matters. The President gave some specific orders concerning the upcoming meeting in Moscow.