economy

In the last months Ukraine has significantly increased its importance in the European part of the CIS. The new president Viktor Yanukovych enjoys a honeymoon with Russia: Ukrainian-Russian cooperation has started booming after previous president Viktor Yushchenko had left office. Ukraine and Russia have agreed on lower gas prices for Ukraine...

Looking for subtext in yesterday’s meeting between Ukrainian President Viktor Yanukovych and Belarusian President Alyaksandr Lukashenka in Minsk is all the more tempting because Lukashenka had urged not to look for one. Among other things, the two leaders discussed steps Belarus has to take to join the Council of Europe and the need for opening European markets. Yanukovich said Ukraine...

On 26 April 1986, a human error and the Soviet equipment caused the Chernobyl disaster - the largest technological catastrophe ever. For many days Soviet authorities attempted to conceal the scale of the disaster. The Soviet Union admitted that an accident...

Below is an overview of position of Belarus in various international rankings. The overview suggests that although human potential of the country is relatively good, the country has serious problems with freedom. As a result, the realization of this potential is blocked.

Freedom Freedom House measures freedom in its annual publication "Freedom in the World 2009...

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A bit of sensational news came today in the morning: starting May, Belarus will daily buy 80,000 barrels of oil from Venezuela. According to media reports, this number is comparable to the current amount of agreed duty free Russian oil supplies (6.3m tons per...

Several observers say that the introduction of a common currency should be the next step of the integration of Belarus, Kazakhstan and Russia. The three countries have recently created a customs union and it is logical to assume that the integration will continue. However, there are reasons for being sceptical about it. Russian officials have been feeding the world -- and in first place the...

  According to the deal, Russia will deliver 6.3 million tons of oil to Belarus duty free this year. This is exactly the amount Moscow had promised at the beginning of negotiations. Russia agreed that Belarus will raise oil transit costs by about 11 percent.

It turned out, that despite announcements of Belneftekhim to the contrary, the Russian side indeed suspended supplying oil to...