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Belarus Exports to the EU Sharply Decline
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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...
23 May 2013
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Belarusian Economy in May: Are We in Recession Yet?

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...

16 May 2013
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Ecomedservice: War Against Private Health Care in Belarus?

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...

9 May 2013
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Young Fashion Labels from Belarus – a New Export Hit?

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...

6 May 2013
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Painful Lessons of Eurasian Integration

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...

30 April 2013
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Belarusian Economy in April: GDP Growth, Privatisation and Monetary Policy

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...

24 April 2013
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Who Invests In Belarus?

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...

16 April 2013
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Lukashenka to Cut A Quater of Belarusian Bureaucrats

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...

8 April 2013
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Belarusian Economy in March: Warming Up

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...

21 March 2013
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Why Belarus Needs To Reform Its Bureaucracy

Belarus is awaiting reforms to the public administration system, ordered by Alexander Lukashenka last year. It looks like the president’s main motive is to save money. Considerations of efficiency come second. However, the existing system of public administration cannot...

18 February 2013
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Belarus Sends Confusing Messages to Investors

Last year net foreign direct investments into the real sector of Belarusian economy dropped by 75 per cent compared to 2011, according to recently release figures of the Belarusian Statistics Committee. The pretext for sentimental patriots to moan is another reason...

13 February 2013
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Modernization Traps for Belarus

The Belarusian government has announced its plans to modernise the national economy. However, the content of the policy package is far from clear. Given the experience accumulated by Belarus and other transition economies, there are reasons to warn about...

13 February 2013
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Lessons from the 2011 Belarusian Devaluation

Belarusians in their modern history saw two major economic crises. The first followed the collapse of the Soviet Union in early 1990s and the second was in 2011 when many thought the Belarusian economy would crumble. The 2011 currency crisis and inflation dramatically changed well-being of Belarusians. Consumer...

12 February 2013
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Belarus’ Model of Economic Development May Fail to Pass the ‘Endurance Test’

The Belarusian authorities count on the country's economic growth without taking into account dangerous trends in the demographic situation and its consequences for the labour market. These conclusions appear in a study made by economists of the IPM Research...

4 February 2013
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The Belarus Privatisation Model

Each time the Belarusian economy hits a bump experts start to predict a forthcoming full-scale privatisation in Belarus. The logic is simple: when the level of subsidies from Russia diminishes and...