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What Policy Can The Belarusian Economy Sustain?
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The official forecasts for socio-economic development in 2014 is as conservative as it has ever been: the projected GDP growth is only 3.3%. International organisations and independent forecasters are even less optimistic.  The economic authorities' plans for...
19 March 2014
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Why Lukashenka Wants to Make Friends with the New Ukrainian Government

On 12 March at a meeting of the Security Council of Belarus, Lukashenka confirmed that Belarus would maintain contact with the new Ukrainian government. He emphasised the close economic ties between Belarus and Ukraine and gave guarantees to Ukrainian business that their fruitful relationship would continue unscathed. Belarus' large stake in trade...

3 March 2014
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Labour Market in Belarus: the Demand for Workers is Increasing

A recently published report by the HeadHunter recruiting agency and TUT.by portal shows that the labour market in Belarus is starting to recover. Increasing demand for skilled wokers in the entire country has stopped the stream of labour...

26 February 2014
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Kiryl Rudy Wants To Attract Emigrants Back to Belarus

On 5 February, Lukashenka’s economic advisor Kiryl Rudy published his ideas in the National Strategy of Sustainable Social and Economic Development until the year 2030. A young economist with an academic background and experience working in China is supposed to transmit the Chinese...

25 February 2014
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Strict Monetary Policy to Solve Economic Problems – Belarus Economy Digest

According to official forecasts, an improved climate for foreign trade and accelerated economic growth await Belarus in 2014. The growth of the country's negative trade balance in 2013 created additional pressure on the foreign exchange market and the dynamics of its foreign reserves. Improving...

18 February 2014
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Belarus and Customs Union: From Subject to Object of Integration

Beginning 1 July 2014, Belarusian authorities will forbid companies to produce, import or sell synthetic underwear. New regulations came from the Customs Union and show how Russia forces its partners to adopt Russia's own rules of the game. Belarus is stuck in the middle of the...

29 January 2014
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What do Belarus Businesses Think? – Online Broadcast

Belarus Digest will broadcast live open panel discussion in series “What Do Belarusians Think?” organised by the Eastern Europe Studies Centre (EESC, Lithuania) and the Belarus Research Council (BRC). The broadcast will start on 31 January at 2 pm...

24 January 2014
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What to Expect in 2014? – Digest of Belarus Economy

The year 2013 will probably go into the economic history of Belarus as a year when even the government officials acknowledged that the economy was stagnating, and there were no prospects for any quick economic growth in the years to come. The...

22 January 2014
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Viber, World of Tanks, EPAM – Belarusian IT Companies Conquer the World

The Belarusian game World of Tanks has become one of the most profitable in the world, earning $372m in 2013. The game, with 60 million users, is only one instance that shows how Belarusian IT business is achieving considerable...

20 January 2014
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Belarus and Russia: Stagnating Together?

Earlier this year, Belarusian media published an interview with Belarusian oligarch Iuryi Chyzh. The businessman predicts problems with the Russian economy, supports the diversification of Belarusian enterprises and states that Russia is grabbing the biggest piece of the...

9 January 2014
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Belarus On the Russian Energy Needle

This year, Russia agreed to supply Belarus with discounted oil only for the next six months, rather than for the whole year. The size and conditions for further shipments will depend on Belarus’ participation in specific integration projects and the sale of several companies to Russia....

6 January 2014
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Modernisation in Belarus: the Process is More Important than the Result?

On 20 December, Deputy Prime Minister Piotr Prakapovich announced the need to accelerate the modernisation of Belarus.  According to him, it was necessary to carry out not only its technical modernisation, but also its economic modernisation, including improving public administration system.  But...

30 December 2013
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Economic Growth Slows but Prices Rise – December Digest of Belarusian Economy

Over the recent months the rate of economic growth in Belarus has been gradually declining. For eleven months the GDP grew only by 0.9%. A decline in industrial production had a detrimental effect on economic growth. Despite the decrease in...

23 December 2013
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Russia Wants Belarusian Enterprises Instead of Promises

On 13 December, Russian Prime Minister Dmitry Medvedev proclaimed that Russia and Belarus may introduce a single currency. Various officials from both countries have regularly proclaimed such intentions since 1993. There has been no result to these back and forth in the past...

12 December 2013
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An IT Solution to Belarusian Economic Malaise

The Belarusian IT industry has had a highly successful year. In 2013, the sector achieved a breakthrough in cooperation with public educational establishments. The IT companies hosted 7 new branches of technical universities, while the decision to found an...