- 16 May 2014
08 May 2014
At the end of March, Aleksander Lukashenka gathered the management of Belarus' scientific institutions and top government officials to discuss the problems of Belarusian science.
The meeting revealed that much of what the National Academy of Sciences brands as its cutting-edge achievements are simply revamped successful projects from Soviet times and have no breakthrough...
29 April 2014
This April the National Bank decided to its reduce refinancing rate, which has remained unchanged for the past 10-months. This measure is, to some degree, a helping hand for the real sector that is facing significant difficulties at present. However, despite their best intentions, this move may actually lead to serious imbalances...
11 April 2014
In the near future Minsk and Beijing plan to sign the main contract for the China-Belarus Industrial Park. Once a project that used to hold great promise, now appears to be a failure.
Lately, Belarusian-Chinese relations have gone through a number of stumbling blocks, including the delay of the industrial park near Minsk and a manufacturing plant...
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