- 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...
- 22 February 2016
11 February 2016
The drop in oil prices in the first two weeks of January and the resulting volatility of the Belarusian rouble have taken centre stage.
The Belarusian government took some small steps towards reforms, but took no serious measures to reform the state-owned sector of the economy.
Instead, it continued to pump money into inefficient enterprises to keep them afloat. Meanwhile, trust...
18 January 2016
On 1 January 2016, a new edict came into force in Belarus demanding that small traders who sell imported goods must provide details of their origin.
The edict was based on laws for small traders introduced by the Eurasian Customs Union that came into effect in January 2013. As a result, most outlets selling light industrial goods have closed.
The traders held an “anti-...
13 January 2016
Belaruskali, the world's second-largest producer of potash, fared much better in 2015 than the Belarusian economy as a whole.
In spite of weak commodity markets, the state-owned company's annual export revenues are likely to be roughly the same as in 2014. Were it not for Belaruskali, the recent slump in the Belarusian economy would be even worse.