01 April 2014
Economic performance during first two months of 2014 has been rather disappointing. First, almost all industries reduced their output which led to a decline in GDP by 1.6% year-on-year in January-February.
Second, Belarus has faced new challenges on foreign markets, which are a consequence of capital outflows and weakening growth in Russia.
27 March 2014
The official forecasts for socio-economic development in 2014 is as conservative as it has ever been: the projected GDP growth is only 3.3%. International organisations and independent forecasters are even less optimistic.
The economic authorities' plans for 2014 are also unusual. Less than two years before the next presidential election, the "pillars" of the...
19 March 2014
On 12 March at a meeting of the Security Council of Belarus, Lukashenka confirmed that Belarus would maintain contact with the new Ukrainian government. He emphasised the close economic ties between Belarus and Ukraine and gave guarantees to Ukrainian business that their fruitful relationship would continue unscathed.
- 03 March 2014
26 February 2014
On 5 February, Lukashenka’s economic advisor Kiryl Rudy published his ideas in the National Strategy of Sustainable Social and Economic Development until the year 2030.
A young economist with an academic background and experience working in China is supposed to transmit the Chinese experience of economic development to the gradually declining Belarusian model...
25 February 2014
According to official forecasts, an improved climate for foreign trade and accelerated economic growth await Belarus in 2014. The growth of the country's negative trade balance in 2013 created additional pressure on the foreign exchange market and the dynamics of its foreign reserves.
Improving the efficiency of the manufacturing sector remains one of the main...
18 February 2014
Beginning 1 July 2014, Belarusian authorities will forbid companies to produce, import or sell synthetic underwear.
New regulations came from the Customs Union and show how Russia forces its partners to adopt Russia's own rules of the game.
Belarus is stuck in the middle of the process of integration with Russia. If Belarus had previously...
- 29 January 2014
24 January 2014
The year 2013 will probably go into the economic history of Belarus as a year when even the government officials acknowledged that the economy was stagnating, and there were no prospects for any quick economic growth in the years to come.
The official economic forecast for 2014 contains a modest GDP growth number of 3.3% (compared with 8.5% forecast for 2013), the ...
22 January 2014
The Belarusian game World of Tanks has become one of the most profitable in the world, earning $372m in 2013. The game, with 60 million users, is only one instance that shows how Belarusian IT business is achieving considerable successes and becoming global.
Viber, the smartphone messaging and calling client, has become one of the most popular applications in the AppStore and...
- 20 January 2014
09 January 2014
This year, Russia agreed to supply Belarus with discounted oil only for the next six months, rather than for the whole year.
The size and conditions for further shipments will depend on Belarus’ participation in specific integration projects and the sale of several companies to Russia. All of this shows how the Kremlin uses Belarus'...