15 January 2013
Belarus will need to pay over $3 billion this year to serve its mounting external debt. This payment is more than twice than in 2012.
In the absence of significant foreign investments and additional Russian subsidies, Belarusian authorities may have to privatise more state...
12 January 2013
About a thousand Belarusains received an unusual anonymous SMS text on 4 January.
According to the message the National Bank of Belarus had secretly decided to devalue the national currency by more than 60%. It was predicted that the new exchange rates were to appear immediately after the Orthodox Christmas celebrations – on 8 January.
Belarusian KGB immediately started to...
27 December 2012
The currency crisis of 2011 has revealed the limits of the Belarusian economic model. On the one hand, it became obvious even to the most conservative government officials that changes in economic policy are required.
On the other hand, the resurgence of oil exports in the first half of 2012 allowed the government to avoid necessary reforms. The economy finishes this year with a low...
21 December 2012
650 thousand Chinese will be building an industrial park near Minsk and they have already obtained working visas.
Yaraslau Ramanchuk – an ex-candidate for Belarusian presidency – has received this information from his own sources of information. Gazeta.ru, major Russian online media, also mentioned a similar figure which it obtained from government...
18 December 2012
On December 19 summits of the CSTO, the Eurasian Economic Community and the Customs Union will take place in Moscow. The agreement on oil supplies in 2013 is expected to be concluded during negotiations in Moscow between Lukashenko and Putin at the end of December 2012.
During last months of this year tension grows in relations between Lukashenka's...
14 December 2012
On 22 November, Alexander Lukashenka met with Putin`s protégé and head of the Gazprom directive board Alexey Miller.
During the meeting, Miller presented a program on how Gazprom will develop the Belarusian gas infrastructure and make new investments into the economy.
Gazprom has become a pioneer of the grand Russian business which has great influence...
12 December 2012
The Belarusian government is becoming increasingly dysfunctional. It finds it more and more difficult to perform its daily tasks without resorting to administrative force.
This is the major implication of the unprecedented decree that Alexander Lukashenka signed on 7 December.
The world media have already interpreted the decree as legally introducing serfdom in Belarus. It ties...
27 November 2012
Today a Belarusian delegation which included the Minister of Finance of Belarus Andrey Kharkavets and the Minister of Economy Mikalai Snapkou arrives for a three-day visit to Singapore and Hong Kong. They plan to arrange a road show to market the new Eurobonds issue of Belarus. They need to issue more bonds to service the growing national debt.
In 2013-2014 the amounts that Belarus...
23 November 2012
In the recently released state budget of Belarus for 2013, support of science features among the top priorities. This could signify a change of policy because for years state financing of science has been unacceptably low.
Even with the increase in subsidies, achievement of ambitious goals in the innovation sphere has looked quite problematic. For instance, in 2011 one goal was to...
16 November 2012
Alexander Lukashenka announced a re-orientation of Belarusian export cargo streams from Latvian and Lithuanian ports to Russian ports. The announcement came on 9 November at a meeting with the Governor of Russia's Leningrad region.
Belarusian authorities have started a new round of geopolitical games between the East and the West. On the one hand, Belarus is showing...
15 November 2012
Today the Belarus Investment Forum opens in Minsk. In recent years, Belarus has significantly improved its ranking in the Doing Business Report of the World Bank Group. This year it climbed two places, and on two parameters even made it into top 10.
Yet state plans to attract foreign investments fail year after year. Perhaps some in the ruling elite understand that the stronger the...
13 November 2012
The Centre for Analytical Initiatives of the Liberal Club in Minsk has recently presented the second edition of its research project - Index of Economic Adequacy of Belarus.
The researchers found that the vast majority of Belarusian politicians (both pro-government and opposition) do not have...