This November showed the need for foreign capital in the Belarusian economy is becoming more and more acute. By the end of October the international reserves of Belarus decreased by $575m and amounted to $6.813bn. This number is much lower than the $8,500 predicted...
On 8 November, in a repeat of his 2012 visit, Alexander Lukashenka sent waves through the headlines in all Belarusian media during a visit to a state-owned woodworking manufacturer Barysaudreu in Barysau, a town 60 km from Minsk. The two...
Slow economic growth, inefficient capital accumulation and the steady outflow of its labour force from Belarus became the hottest topics at the Kastrychnicki Economic Forum (KEF) held on 5 November in Minsk. For many years authorities responded to the criticism toward the Belarusian economic model...
On 31 October Belarusian Deputy Prime Minister Uladzimir Siamashka, while speaking in parliament, claimed that Belarus was suffering losses due to systemic exemptions in the Russian-dominated Customs Treaty and Common Economic Space. These losses might increase - in January Russia is introducing a...
On 5 November experts on the Belarusian economy and government officials will take a closer look at the challenges the Belarusian economy faces at the October Economic Forum (KEF) in Minsk. Hotel Europa will host a one day conference 'New...
On the 10 October 2013 the government and the National Bank of Belarus issued a plan for structural reforms of the Belarusian economy aimed to increase its competitiveness. Faced with major threats to its macroeconomic stability and the unfortunate timing of the...
Although Belarusians have enjoyed the same rights in hiring, pay and social benefits as Russian citizens since 1996, migration from Belarus to Russia more than tripled since 2010. According to the traditional view on high-skilled migration or brain drain, the home...
Last month the Deputy Ministry of Labour and Social Protection of Belarus confirmed that the government wants to introduce a new tax on unemployed people. The state wants to get money from economically active people without official jobs who benefit from free or subsidised services...
In August and September, the general public's attention was focused on the dispute between Belaruskali and Uralkali, the world's two largest producers of potash fertilisers. The conflict between two economic entities created additional difficulties for the Belarusian potash industry, as well as...
A controversial event took place next to the International Monetary Fund (IMF) office in the middle of the summer in Washington, DC.Dozens of Belarusians stretched eye-catching posters encouraging the IMF to assist Belarus....
On Monday, Belarusian authorities arrested the general director of Russian potash company Uralkali. Vladislav Baumgertner, who came to Minsk to negotiate with Prime Minster Mikhail Myasnikovich.About a month ago, Uralkali stopped cooperation with...
In July, GDP growth somehow gained momentum, but was still very modest and difficult to place confidence in. Shrinking external demand is one of the core problems for the national economy, although the authorities attempt to compensate these losses...
Chief Executive of OAO Uralkali Vladislav Baumgertner, a Russian national, was detained in Belarus today on an abuse of office charge as chairman of Belarusian Potash Co (BPC). The charge may lead to up to ten years in prison with...
On 19 August, CEO of Belaruskali, the valuable Belarusian company, Valery Kiryjenka held a press conference on the situation in the global potash market. Kiryjenka criticised Uralkali and hinted that Uralkali keeps trying to make...
