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Testing the Waters: High-Level EBRD Delegation Visits Belarus
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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...
18 March 2016
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Why Belarus KGB Detained the Country’s Former Top Businesman

On 11 March, the Belarusian State Security Committee (KGB) detained Yury Chyzh, one of Belarus' richest businessmen who used to be on friendly terms with President Alexander Lukashenka. The European Union once viewed him as "Lukashenka's purse" and he was...

29 February 2016
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The Moment of Truth: Digest of Belarus Economy

On 16 February 2016, President Alexander Lukashenka announced zero tolerance for structural reforms being proposed by the government. Meanwhile, since the beginning of 2015 state debt has increased by more than half and real wages in dollar equivalent have fallen...

22 February 2016
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How to Make Quick Money for the State: The Belarusian Solution

Belarus had a rough start to 2016 with the global drop in oil prices, causing instability in its currency and posing problems for its budget planning. Yet instead of focusing on the IMF recommendations, the government appears to favour...

11 February 2016
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One Step Forward, Two Steps Back: Digest of Belarus Economy

The drop in oil prices in the first two weeks of January and the resulting volatility of the Belarusian rouble have taken centre stage. The Belarusian government took some small steps towards reforms, but took no serious measures to reform...

18 January 2016
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What Is at Stake in the Small Traders Protests?

On 1 January 2016, a new edict came into force in Belarus demanding that small traders who sell imported goods must provide details of their origin. The edict was based on laws for small traders introduced by the Eurasian Customs...

13 January 2016
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Belaruskali: The Enterprise that Saved Belarus in 2015

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...

8 January 2016
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2016 Will Be Tough, Reforms or No Reforms – Digest of Belarusian Economy

After several years of slow growth, 2015 became the first year of true recession. GDP fell by 3.9 per cent in January-November; employment declined over the year. The Belarusian rouble depreciated by almost 60 per cent. Despite significant changes in...

16 December 2015
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Can Belarus Authorities Prevent the Decline of Textile Manufacturers?

On 4 December, Aliaksandr Lukashenka cancelled his visit to JSC Kamvol, a major textile manufacturer located in Minsk. The president threatened to pay an unexpected visit to this state-owned enterprise in the future and denounced its attempts to cover up...

8 December 2015
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Belarus and Zimbabwe Aim at “Mega Deals”

Belarus steps up its cooperation with Zimbabwe in sectors ranging from agriculture to mining. In mid-November, The Herald, a government-owned leading Zimbabwean daily, triumphantly reported the “nod” granted by the country’s President Robert Mugabe to a number of investment deals...