07 February 2012
Later this month Belarusian authorities plan to negotiate with the IMF a new $3.8bn loan to refinance its existing debt to the organization. With generous subsidies from Russia, the government managed to stabilize the situation in the Belarusian economy after the 2010 crisis, but this had harsh consequences for public welfare.
Nowadays Belarus is preparing for September 2012...
03 February 2012
Although prices in Belarus are as high as in any European country, salaries are very low. The average monthly income is around USD 200, but people still manage to buy food, flats and smart phones. How is it possible to make ends meet with such a low income?
According to the State Statistics Committee Belstat, between January and October 2011 the average monthly salary in...
14 October 2011
Unable to deal with the economic crisis by economic means and fearing a revolution, Belarusian ruler Alyaksandr Lukashenka strengthens the KGB.
Last Thursday the Belarusian rouble fell sharply against the US dollar. Now the rate is 9,000 Belarusian rubles for one dollar. In September, the rate was less than 8,000 rubles. The new fall clearly breached Lukashenka'...
01 June 2011
The currency exchange crisis persists in Belarus while the government is looking for ways to tackle it at a minimal political cost. Russia has declined to grant Belarus the much awaited loan of 1 bn. USD.
The last hope is a loan from Stabilizing Fund of the Eurasian Economic Community, where Russia has a decisive voice. And Russia almost literary declared – if you want...
29 May 2011
The unprecedentedly brutal court sentences against democratic activists who protested the falsification of elections in December have two goals. It is widely believed that these people will be used as hostages used for future trade with the West. However, it is also an attempt to decapitate the whole infrastructure of the Belarusian opposition. Through incarcerating key figures and...