01 November 2016
The autumn of 2016 has seen many plans to boost investment in Belarus.
On 17 September Minsk hosted the first Belarus-Oman business forum, while on 29-30 September the Belarusian capital hosted the Belarusian Forum: "Broadening Horizons. Investment. Finance. Development". Moreover, autumn has become a traditional season for hosting the German-Belarusian "Minsk Forum....
01 August 2016
Since the Russian-Ukrainian conflict began, the Kremlin has persistently tried to expand its control over Belarus, a process that has had quite the opposite effect as Belarusian government policy became more independent in 2014-2015.
There has always existed a paradox in the simultaneous contingence and estrangement in Belarusian-Russian relations.
Estrangement looks the stronger...
19 August 2015
On 28 July Belarus received a long-awaited loan from the Russian government worth $760 million. This was just in time to transfer the funds to the pockets of other borrowers - on the same day Belarus was due to pay $1 billion to the 5-years Eurobonds’ holders.
However, initially, it aimed at the repayment and servicing of Belarus’ debts to Russia and the Eurasian Fund for...
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 ...
04 September 2013
- 13 November 2012
28 August 2012
This August is remarkable because of a number of new appointments of top officials in Belarus.
The most notable changes include yesterday's appointment of the new head of the Presidential Administration Andrey Kabyakou, new foreign minister Uladzimir Makey and new presidential aide on economic affairs Piotr Prakapovich.
These officials have significant powers to shape...
22 May 2012
On 7 May Alexander Lukashenka signed Decree No. 6, a measure that could dramatically improve the business climate in Belarus. This is one of the most advanced pieces of economic legislation adopted by the current government.
The decree is a reaction to the challenges of the Eurasian economic integration project with Russia and Kazakhstan and aims to boost the attractiveness of...
17 April 2012
The Belarusian Statistics Agency reported about a fantastic growth of exports in January-February 2012. Compared to the same period last year, the country’s exports grew by impressive 62,5%.
The official propaganda trumpeted that Belarus has successfully overcome all the economic troubles that hit the country in 2011.
However, the reality looks less euphoric. The...
16 March 2012
Belarusian government recently reaffirmed its desire to become a top-30 nation in the World Bank’s Doing Business Report. To assess how well local authorities across the country pursue this goal a number of Belarusian organisations organised a special competition – “The Best Town/District and Oblast for Doing Business in Belarus”.
07 March 2012
The incumbent Belarusian government has a long record of deceptive behaviour in its foreign relations. Both its major trading partners – Russia and the European Union – have more than once seen official Minsk let them down on its commitments and promises. These promises included political liberalisation, introduction of single currency with Russia, recognition of Abkhasia and South...
27 February 2012
On 21 February 2012 Belarusian finance minister Andrei Kharkovec announced Belarus' plan to restore its positions in international ratings which suffered following the recent economic crisis. The state news agency Belta also announced that the main Chinese rating agency Dagong will give Belarus a sovereign credit rating in the near future. Authorities hope to use it in order to...