03 January 2017
As of 26 December 2016, the oil and gas dispute between Belarus and Russia remains unresolved.
Moreover, Russia persistently rejects any tradeoffs: this deprives Belarus of a substantial part its foreign exchange earnings from petroleum product sales, thus aggravating the economic recession in Belarus.
In turn, the growth of state debt points to the formation of stable insolvency...
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...
25 March 2016
Economic difficulties push Belarusian authorities to extraordinary ways of gathering revenues. They continue arrests of top businessmen, regardless of their position in Lukashenka's apparatus, on tax evasion charges, allegedly waiting for a big payoff.
In domestic politics, the authorities try to modernise Belarus' political system and raise the role of loyal political parties...
01 February 2016
At the end of 2015 Belarus published a new energy security concept according to which it remains a country with a critical level of energy dependence.
90 per cent of Belarusian energy imports come from a single supplier – Russia. Moreover, a third of export revenue is traditionally generated by refining Russian oil.
The authorities prefer to retain the status-quo as an...
06 December 2013
While all eyes focus on Ukraine deeply stuck at crossroads choosing a proper direction, Eastern and Western donors zealously compete in Belarusian energy sector.
In early November, the World Bank offered a $90m loan for the reconstruction of several Belarusian power stations. The loan became a new vivid example of how pro-Western international organisations and truly oriental Chinese...