- 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'...
- 06 January 2014
30 December 2013
Over the recent months the rate of economic growth in Belarus has been gradually declining. For eleven months the GDP grew only by 0.9%. A decline in industrial production had a detrimental effect on economic growth. Despite the decrease in production volumes, the level of finished goods in warehouses of enterprises remained high. Increases in retail turnover stimulated GDP growth....
23 December 2013
On 13 December, Russian Prime Minister Dmitry Medvedev proclaimed that Russia and Belarus may introduce a single currency. Various officials from both countries have regularly proclaimed such intentions since 1993.
There has been no result to these back and forth in the past two decades, yet officials apparently have more interest in the process than in outcomes....