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Belarus Seeks Money to Serve Its Mounting External Debt
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Today a Belarusian delegation which included the Minister of Finance of Belarus Andrey Kharkavets and the Minister of Economy Mikalai Snapkou arrives for a three-day visit to Singapore and Hong Kong. They plan to arrange a road show to market...
13 August 2012
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Despite Lukashenka’s Rhethoric Belarus Officials Worry about Economic Outlook

While Alexandr Lukashenka assures Belarusians of economic stability, other high-profile officials warn of foreseeable problems in the economy. The Government and National Bank sent a joint official letter to the Anti-Crisis Fund of the Eurasian Economic Community where they painted quite a...

30 April 2012
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Belarus Economy: More Stable But Still Fragile

International agency Standard&Poors in April increased Belarus' credit rating from B- (negative) to B (stable). The agency i observed the signs of financial stabilisation in Belarus economy. Although inflation is still very high, it began to slow down, the...

7 March 2012
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How Not to Be Cheated by Belarus Authorities

The incumbent Belarusian government has a long record of deceptive behaviour in its foreign relations. Both its major trading partners – Russia and the European Union – have more than once seen official Minsk let them down on its...

7 February 2012
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Russian Subsidies Are Not Enough: Belarus Seeks a New IMF Loan

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...

9 December 2011
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Belarus the Indebted

The Belarusian government spent the whole year actively looking for money to sustain the collapsing socio-economic model. It was looked for everywhere: in the West and the East, in Europe, Asia and Latin America, at the IMF and EurAsEC....

21 October 2011
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Belarusian Vice Prime Minister: The Situation In the Country Is a Shame

On Thursday Nadzeya Yermakova, chair of the Belarusian National Bank, unexpectedly admitted that the government has almost no gold or foreign currency reserves. The National Bank only has USD 1.2 billion. The rest – 3/4 of...