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...
07 October 2016
Speaking at the United Nations General Assembly in 2014, Belarus’s Foreign Minister, Uladzimir Makiej, criticised the imposition of “alien” political and economic models on his and other countries.
He said that weaker states were given a choice: either they accept such models, or they face “threats, sanctions, and colour revolutions.”
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...
05 August 2016
On 20 June 2016 Belarusian president Aliaksandr Lukashenka held a meeting with vice-chairman and president of the Chinese CITIC Group Corporation Wang Jiong. The meeting seems particularly significant in light of Lukashenka’s planned visit to China in September 2016.
The intentions of Belarusian authorities seem clear. The country needs foreign investments and / or loans, as long-...
05 July 2016
Paul Goble: Minsk fears that Moscow may organise hybrid war and color revolution in Belarus. 65.5% of Belarusians want changes, according to fresh IISEPS poll. BISS`s Meĺjancoŭ: Belarus-EU relations have good potential for slow sustainable development.
Disappointment: economists Siarhiej Čaly Aliaksandr Čubryk ...
18 May 2016
Western media focused heavily this month on the current state of Belarus’ economy and financial market. In addition, the anticipated removal of Canadian sanctions might serve as a stepping-stone for other Western nations to re-evaluate their current sanctions against Belarus.
In other news: the construction of a new nuclear power plant in Belarus has caused controversy across the...
04 December 2015
The economy of Belarus shows a long-term negative trend. The need for structural reforms looks obvious even within the elite, and this need for structural reforms is desired especially by international creditors. In the political and military realm, Minsk struggles with Russia's attempts to influence it.
As Alieś Aliachnovič...
27 November 2015
On 20 November 2015 Belstat, the official statistical body, released the updated macro-economic statistics. Disappointing figures on exports and manufacturing suggest that the economic downturn in Belarus continues.
However, on 11 November 2015 the National Bank of Belarus announced reforms on the deposit market. The bank tries to replenish the deposit’s term structure hoping that...
25 November 2015
Belarus's economy continues to shrink, and the government tries to sell proposed reforms for financial support from international organisations. Meanwhile, the IMF notices "considerable progress" in discussing reforms and the World Bank puts forward its vision of the reforms that are necessary to restore growth in Belarus.
Belarus continues to boost its military potential...
19 November 2015
The Belarusian leadership negotiates reform plans with the IMF mission and is ready to gradually introduce more market-oriented policies. The new denomination of the national currency will bring in new banknotes in 2016, and Belarusian coins will appear for the first time since the collapse of the USSR. Belarus needs venture funds and new legal regulation to enhance the support of startups....
- 11 November 2015
01 October 2015
On 26 September in New York, Alexander Lukashenka met with IMF chief Christine Lagarde. They discussed prospects for an IMF-supported programme.
According to the IMF statement “Lagarde welcomed some recent progress in strengthening the policy framework in Belarus, but emphasised that a more comprehensive reorientation of policies, consistently supported at the highest level, is...