19 April 2017
On 30-31 March, talks were held in Ashgabat between Turkmen president Gurbanguly Berdimuhamedov and his Belarusian counterpart Alexander Lukashenka.
The launch of the $1bn Garlyk potash fertiliser plant which Belarus built in the country differentiated this encounter from other such annual meetings between Turkmenistan and Belaurs.
The economic cooperation and training of Turkmen...
08 July 2016
June 2016 became a breakthrough month for the potash industry in Belarus. The state-owned company “Belaruskali” managed to sign two long-awaited contracts with two major potash consumers – India and Bangladesh.
However, the main news came from China: on June 17 Belarus received a $1,4bn loan from the China Development Bank for construction of a new mining and...
13 January 2016
Belaruskali, the world's second-largest producer of potash, fared much better in 2015 than the Belarusian economy as a whole.
In spite of weak commodity markets, the state-owned company's annual export revenues are likely to be roughly the same as in 2014. Were it not for Belaruskali, the recent slump in the Belarusian economy would be even worse.
09 October 2013
A conflict between Belarusian authorities and Russian potash giant Uralkali, by all assessments, comes to its conclusion.
Uralkali CEO Vladislav Baumgartner left his KGB-prison cell for house arrest in a hidden apartment. At the same time, a major owner and shareholder of Uralkali, the latter-day foe of Alexander Lukahenka, Suleiman Kerimov, negotiates the sale of his shares...
30 August 2013
In July, GDP growth somehow gained momentum, but was still very modest and difficult to place confidence in. Shrinking external demand is one of the core problems for the national economy, although the authorities attempt to compensate these losses of output through stimulating domestic demand.
But this mixture of policies is becoming more and more dangerous, as it leads to a rapidly...