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Autumn of tough economic decisions – digest of the Belarusian economy
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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...
8 August 2016
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The Midterm Exam for the Economy: Digest of Belarus Economy

On 19 July 2016 the National Statistic Committee of Belarus (Belstat) has announced the macroeconomic results of the first half of the year. The figures disappoint – economic growth still in the red zone. Moreover, the Eurasian Development Bank has...

4 July 2016
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The Heavy Price of Belarusian Agriculture

Belarus is one of the world's top 10 butter producing countries. However, such an achievement comes at a price - every year the agricultural sector in Belarus requires at least $750m on average in government subsidies. This is more than...

3 May 2016
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The Long Road to Liberalization: Digest of Belarus Economy

On 29 March 2016 Prime Minister Andrei Kobyakov proclaimed the government's intention to speed up the long-awaited process of joining the WTO. Moreover, after renegotiating different scenarios for pension reform in Belarus, the authorities have agreed to an increase in...

22 March 2016
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Testing the Waters: High-Level EBRD Delegation Visits Belarus

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...

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...

19 February 2016
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Anti-Reform Camp Wins, Analytical Papers – Ostrogorski Centre Digest

In February Ostrogorski Centre (OC) analysts commented on the lifting of EU sanctions, Belarus' new military doctrine and the economic challenges the Belarusian government is facing amid the deepest crisis since 1990s. As the repercussions of the continuing economic crisis...

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...

5 February 2016
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Belarus – No Longer a Heaven for Mothers?

On 13 January 2016, Kiryl Rudy, an economic adviser to the Belarusian president and a representative of a young cohort of a pro-reform current within the Belarusian political milieu, suggested a decrease in the duration of maternity leave. Currently...