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Belarusian Officials Criticise Eurasian Integration
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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...
4 November 2013
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KEF Forum Brings Together Officials and Independent Experts to Discuss Belarus Economy

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...

24 October 2013
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The Plan to Save the Economy: October Digest of Belarusian Economy

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...

14 October 2013
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Can Belarus Benefit from its Brain Drain?

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...

2 October 2013
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Shadow Economy Threatens the Future of Belarus

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...

26 September 2013
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Stabilisation of Inflation and the Potassium Conflict – Digest of Belarus Economy

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...

19 September 2013
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IMF Loans: The Money We Do Not Need?

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....

31 August 2013
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Belaruskali v Uralkali: Between Politics and Criminality

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...

30 August 2013
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External and Domestic Shocks – Digest of Belarusian Economy

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...

26 August 2013
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Business and Politics in Belarus: Better not to Mix

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...

20 August 2013
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Belaruskali: A Victim of the Latest Russia-Belarus Economic War?

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...

9 August 2013
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Belarusian Foreign Policy: Between Tehran and Tel-Aviv

Belarusians have a special attitude towards Israel. In the only world's country where Yiddish was ever a state language, almost every family – even of non-Jewish origin – has either relatives, friends or acquaintances there. It is...

29 July 2013
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Belarusian Economy in Summer: Threats for Doing Business

Events that unfolded in June brought about new challenges for the development of the business environment in Belarus. Possible changes to the law on privatisation will impact the attractiveness of state assets and raise concerns regarding the level of property...

8 July 2013
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Eurasian Economic Community: Belarus May Be Getting a Raw Deal

Recently, an association of SMEs in Belarus declared a one-day symbolic strike. They responded to what they view as the stifling business climate established as a result of Beluras' integration project with the Moscow-led Eurasian Economic Community.Other factors also indicate...

3 July 2013
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Belarusian Economy: New Threats to Macroeconomic Stability

In the first half of 2013, a deteriorating external environment became the core reason for a downturn in GDP growth. Despite the government implemented expansionary policy to spur growth in the GDP, the domestic demand could not fully compensate...