08 August 2016
On 19 July 2016 the National Statistic Committee of Belarus (Belstat) has announced the macroeconomic results of the first half of the year. The figures disappoint – economic growth still in the red zone.
Moreover, the Eurasian Development Bank has warned that the Republican budget requires additional cuts in order to sustain the acceptable level of state debt.
08 July 2016
June 2016 became a breakthrough month for the potash industry in Belarus. The state-owned company “Belaruskali” managed to sign two long-awaited contracts with two major potash consumers – India and Bangladesh.
However, the main news came from China: on June 17 Belarus received a $1,4bn loan from the China Development Bank for construction of a new mining and...
04 July 2016
Belarus is one of the world's top 10 butter producing countries.
However, such an achievement comes at a price - every year the agricultural sector in Belarus requires at least $750m on average in government subsidies. This is more than the Belarusian army, police force, health care sector and education budgets all together, according to the Polskie Radio
Today, even in...
29 June 2016
On 3 June 2016 President Alexander Lukashenka decided to strengthen the country's antimonopoly regulation by reforming the Ministry of Trade of Belarus.
Meantime, state-owned enterprises (SOEs) are gradually losing their strength and are praying for more changes in their public administration.
Finally, оn 22 June 2016 the fifth All-Belarusian National Assembly revealed the...
- 13 June 2016
30 May 2016
On 6 May 2016 the Chairman of the Board of the National Bank of Belarus (NBB) Pavel Kallaur disclosed the long-suspected information about problems in the banking system.
Two weeks later, the Prime Minister Andrei Kobyakov has called for market-based instruments in order to cure sinking state-owned enterprises (SOEs).
And оn 22 May 2016 the Minister of Finance Vladimir Amarin has...
03 May 2016
On 29 March 2016 Prime Minister Andrei Kobyakov proclaimed the government's intention to speed up the long-awaited process of joining the WTO.
Moreover, after renegotiating different scenarios for pension reform in Belarus, the authorities have agreed to an increase in the retirement age for men and women.
Meanwhile, оn 21 April 2016 President Alexander Lukashenka announced...
05 April 2016
On 23 March Evgenia Shipova, official representative of Uber Technologies in the CIS region, announced that Minsk was developing faster than in any other city in Europe, Africa or the Middle East. Within four months, 80,000 city residents used this online taxi service.
Feeling threatened by the competition, regular taxi drivers have requested that the government investigate Uber...
31 March 2016
On 28 March 2016 the Council of the Eurasian Fund for Stabilisation and Development (EFSD) approved the provision of a new loan to Belarus.
In the meantime, the export and real estate market established new numbers of their record fall, questioning the limits of slowdown in Belarus.
In such a situation the government tries to secure state financial support – President...
22 March 2016
The removal of sanctions against Belarus earlier this year has led to increased interest from institutional investors such as the European Bank for Reconstruction and Development (EBRD).
Alain Pilloux, Acting Vice President of this major development bank visited Belarus last week as a part of a delegation, which met with Belarusian officials, including the president, businesses,...
18 March 2016
On 11 March, the Belarusian State Security Committee (KGB) detained Yury Chyzh, one of Belarus' richest businessmen who used to be on friendly terms with President Alexander Lukashenka.
The European Union once viewed him as "Lukashenka's purse" and he was on the EU sanctions list until recently, seeming to be "untouchable".
29 February 2016
On 16 February 2016, President Alexander Lukashenka announced zero tolerance for structural reforms being proposed by the government.
Meanwhile, since the beginning of 2015 state debt has increased by more than half and real wages in dollar equivalent have fallen to a ten year low.
Belarus's government is still trying to find a simple way out of the crisis by releasing new...