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Despite Lukashenka’s Rhethoric Belarus Officials Worry about Economic Outlook
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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...
27 June 2012
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Who Benefits From European Sanctions Against Belarus?

  This month seven more European states joined the EU sanctions against Belarus. As a result of this year's new extension of restrictive measures target not only officials and politicians but also businessmen. It means that this politicised problem involves...

28 March 2012
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Collateral Damage of the EU-Belarus Diplomatic War

The EU Council of Ministers recently introduced new restrictive measures against Belarusian businessmen and 29 companies that allegedly support the Belarusian regime. It is the first time the EU added so many Belarusian enterprises to its ban list. European...

22 September 2011
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How to Solve the Debt Servicing Problem: Proposals of the Nomenklatura and Lukashenka

In August, speaking at a meeting of the Government, Vice Prime Minister Siarhiej Rumas expressed the need to work out a strategy of repayment of the growing external debt of Belarus. According to Rumas, by the end of 2011 the...

15 September 2011
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The Russian Shoppers Are Coming

Thousands of shoppers from Russia cross the Belarusian border every day to buy large quantities of cheap Belarusian goods. Shopping in Belarus became very attractive after the Belarusian rouble lost over a half of its value in 2011.  Belarusian shops cannot...

17 August 2011
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Unwanted Privatization

Last week Russia's President Vladimir Putin reiterated that privatisation of state enterprises is a necessary precondition for further financial support. The International Monetary Fund also insists on privatization in its recommendations. But many in Belarus - both in the...

24 July 2011
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Belarus Opposition Struggles to Gain from Lukashenka’s Losses

The decline in Belarusians' income led to the corresponding reduction of Lukashenka’s rating. However, the regime's opponents' popularity did not grow significantly. The Independent Institute for Social, Economic, and Political Studies conducted a sociological survey in Belarus last month. According...

10 June 2011
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Loan from the IMF or Privatization by the Russians?

Belarus' economy needs external financing more then ever before. The government resists privatization but it will have to surrender soon, even if the International Monetary Fund decides to extend another loan.  Recently the Belarusian weekly Belorusski Rynok discussed the chances...

7 June 2011
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What Can Belarus Sell?

Russia, through the Eurasian Economic Community, has agreed to grant Belarus a USD 3bn loan, of which Belarus will only see USD 800m this month. The Belarusian government will only get the remaining amount, in two portions over...