08 February 2017
Although the Belarus is struggling to deal with a dramatic economic decline, the authorities are considering hosting a large international sporting event in 2019. On 9 January, Belarus established a committee to organise the 2019 European Games.
The games, managed by the European Olympic Committee, resemble the Pan-American and Asian games. Last October, Lukashenka stated that...
02 November 2016
On 17 October 2016, new macroeconomic data from Belstat, Belarus's national statistical committee, indicated that this year's economic decline seems to have finally halted. The GDP stopped falling and foreign trade saw a slight revival.
However, on 21 September the IMF warned the Belarusian authorities about new threats to macroeconomic stability, namely the high level of bad...
03 October 2016
On 14 September 2016 First Deputy Prime Minister of Belarus Vladimir Semashka announced that negotiations on oil and gas relations between the Belarusian authorities and Russia's main economic players had failed.
Meanwhile, the oil crisis has cast further uncertainty on how long Belarus' economic recession will continue and whether the execution of the state budget for 2017 will...
30 August 2016
On 25 August 2016 the National Statistic Committee of Belarus (Belstat) publicised new macroeconomic data for July, which showed that the economy is suffering from a lack of investment flows.
Meanwhile, according to the National Bank of Belarus the continuing decline of companies' profits threatens the financial stability of the country.
Finally, the CEO of "Great Stone...
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...
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...
11 January 2016
According to Belarusian state-controlled press, 2015 was a successful year for Belarusian foreign policy, as the country strengthened its position in international affairs and relations with key western actors.
The national budget for 2016 reflects the impact of the ongoing economic crisis and will see the government support only the most vulnerable categories of society, ...
20 March 2015
On 17 March, Belarusian President Alexander Lukashenka paid a personal visit to a popular bazaar in Minsk, the capital, to resolve a conflict between the authorities and local street vendors.
Earlier this month, a new government request was issued requiring all street vendors to obtain quality certificates. That prompted the vendors to go on strike.
Although Belarusian officials...
24 December 2014
On 11 December, the Belarusian parliament took only 50 minutes to adopt its 2015 budget.
The rapid adoption of the budget highlights the parliament's puppet status - it could not even be troubled to hold even demonstrative discussions over the important document.
Although more than 80% of Belarusians believe that budget information should be easily accessible, even experts...
- 05 September 2014