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...
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...
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...
The European Humanities University (EHU) was forced into exile in 2004 when the Belarusian authorities withdrew its licence. This followed the EHU’s refusal to acquiesce to government pressure to change its leadership. The exiled University found its new home...
The German-Belarusian trade balance reached an all-time high in 2012. However, many German experts regret that it stays far below its full potential - primarily because of bad image of Belarus as well as unfavourable investment conditions. German institutions...
According to the latest data provided by the Belarusian Statistics Committee, the goods turnover between Belarus and the EU has fallen by 26% this year. The loss primarily results from Belarusian scheme of selling oil disguised as solvents, which Russia stopped back in 2012. Today, the Belarusian economy suffers...
Despite the united efforts of the government and the National Bank, the economy is growing very slowly. Belarus remains an economic wonderland.But if several years ago the growth rates were miraculous, today the miracle is the absence of growth under the...
On 23 April 2013 Belarus witnessed a terrible death. 25-year old Yulia Kubareva passed away after undergoing an unfortunate nose reconstruction surgery at Ecomedservice — one of the largest private medical centres in Belarus. By now, almost every Belarusian knows about the accident, and...
At the end of April, the 6th Belarus Fashion Week took place in Minsk. It may come as a surprise that there is a fashion industry in Belarus, and in fact, this is one of the good news from...
On 25 April 2013 Tatsiana Matoryna, Director of the Brest Stocking Plant — one of the largest apparel industry companies in the former Soviet Union— blamed sharp decreases in the plant’s sales on Belarus’ economic integration with Russia and...
This April economic growth in Belarus was nearly at the level of last year's, which still remains significantly below the official forecast. The financial sector showed certain stability but the situation with attracting foreign capital and the nation's privatisation prospects...
On 17 April 2013 Standard and Poor's upgraded its outlook on Belarus sovereign rating from stable to positive. According to the agency, strengthening economic stability was brought on by tightened monetary and fiscal policies. The beneficial change means more than a...
On 12 April Alexander Lukashenka made his final decision on the public administration reform that he declared last year. He signed Decree No. 168 that aims to optimise the state apparatus and reduce the number of civil servants. The reform did not...
Amidst the snowy spring of 2013, the National Bank of Belarus finally gave up on its attempts to maintain macroeconomic stability and turned its attention to the real sector. The National Bank began carrying out a policy of providing...
