22 March 2016
The removal of sanctions against Belarus earlier this year has led to increased interest from institutional investors such as the European Bank for Reconstruction and Development (EBRD).
Alain Pilloux, Acting Vice President of this major development bank visited Belarus last week as a part of a delegation, which met with Belarusian officials, including the president, businesses,...
15 December 2015
Despite his regained ability to travel to Europe, President Alexander Lukashenka’s 'social circle' has so far remained limited to leaders of countries that have difficulties in their relations with Western democracies.
In the past month, the Belarusian president has become his country’s most diligent diplomat. He welcomed his Serbian and Azerbaijani counterparts in...
23 May 2014
The growth rate of inflation in the 1st quarter of 2014 amounted to 6.6% and made plans for reaching the official targets for annual inflation highly unlikely.
Despite this, a gradual reduction in refinancing rates with a second round of cuts has been preserved. It was also accompanied fixing the maximum rate of ruble loans at a rate of 39.4% for...
22 April 2014
Over the last two weeks Belarusian state Channel 1 has regularly covered the protests taking place in the eastern regions of Ukraine. It also commented upon the economic repercussions of the crisis for ordinary Ukrainians and an increase in living costs.
Lukashenka visited a few state enterprises. In one of them he met with happy workers who thanked him for their favourable workplace...
27 November 2013
Need For External Financing and Ambiguous Business Perspectives - November Digest of Belarus Economy
This November showed the need for foreign capital in the Belarusian economy is becoming more and more acute.
By the end of October the international reserves of Belarus decreased by $575m and amounted to $6.813bn. This number is much lower than the $8,500 predicted by the authorities in the beginning of 2013 and makes the problem of attracting capital all the more...
17 August 2013
In the last days of July, the backbone of Belarusian economy - the potash industry - suffered a severe blow dealt by its Russian partner.
The Russian company Uralkali refused to work anymore with the Belarusian Potash Company (BKK), a joint enterprise of Uralkali and Belaruskali authorised to sell their products throughout the world.
These developments have seriously weakened the...
- 19 July 2013
28 March 2013
On 13 March, Belarus hosted a high level guest – Serbian president Tomislav Nikolić. Nikolić and Serbian businessman Dragomir Karić symbolically launched a new construction project near national library. Today Serbian company Astra Investment is one of the largest investors in Belarus development sector.
Development remains one of the few industries foreigners eagerly...
27 March 2013
On 22 March Belarus state leader completed his visit to Singapore where he was trying to find new markets. He spent a week in Indonesia and Singapore, together with a delegation of 80 people.
The state of the Belarusian economy is deteriorating, relations with the West and Russia remain complicated, the death of friends like...
13 February 2013
The Belarusian government has announced its plans to modernise the national economy. However, the content of the policy package is far from clear. Given the experience accumulated by Belarus and other transition economies, there are reasons to warn about possible traps that modernization policy could set, if implemented unwisely.
The government has announced a new course for...
21 December 2012
650 thousand Chinese will be building an industrial park near Minsk and they have already obtained working visas.
Yaraslau Ramanchuk – an ex-candidate for Belarusian presidency – has received this information from his own sources of information. Gazeta.ru, major Russian online media, also mentioned a similar figure which it obtained from government...