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Lukashenka to Cut A Quater of Belarusian Bureaucrats
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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...

15 January 2013
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How to Make Belarusian Privatisation More Sensible

Belarus will need to pay over $3 billion this year to serve its mounting external debt. This payment is more than twice than in 2012. In the absence of significant foreign investments and additional Russian subsidies, Belarusian authorities may have...

12 January 2013
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SMS Devaluation

About a thousand Belarusains received an unusual anonymous SMS text on 4 January. According to the message the National Bank of Belarus had secretly decided to devalue the national currency by more than 60%. It was predicted that the new...

27 December 2012
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Belarus Economy in 2012: Low Growth and Fragile Stability

The currency crisis of 2011 has revealed the limits of the Belarusian economic model. On the one hand, it became obvious even to the most conservative government officials that changes in economic policy are required. On the other hand, the...

21 December 2012
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Chinese Enclave in the Heart of Belarus?

650 thousand Chinese will be building an industrial park near Minsk and they have already obtained working visas.  Yaraslau Ramanchuk – an ex-candidate for Belarusian presidency – has received this information from his own sources of information. Gazeta.ru, major Russian online media, also mentioned...

18 December 2012
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Belarus – Russia: Negotiations on Oil Donations

On December 19 summits of the CSTO, the Eurasian Economic Community and the Customs Union will take place in Moscow. The agreement on oil supplies in 2013 is expected to be concluded during negotiations in Moscow between Lukashenko and Putin at the end of...

14 December 2012
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Russian Monologue on Modernisation

On 22 November, Alexander Lukashenka met with Putin`s protégé and head of the Gazprom directive board Alexey Miller. During the meeting, Miller presented a program on how Gazprom will develop the Belarusian gas infrastructure and make new investments into the economy. Gazprom...

12 December 2012
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The New Serfdom in Belarus

The Belarusian government is becoming increasingly dysfunctional. It finds it more and more difficult to perform its daily tasks without resorting to administrative force. This is the major implication of the unprecedented decree that Alexander Lukashenka signed on 7 December. The...