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Can new companies replace state giants in Belarus?
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Deputy Prime Minister Uladzimir Syamashka recently announced that full-cycle car production is to start in Belarus this month; this will be a first for the country. So far, only Chinese-designed cars have been assembled in Belarus. Meanwhile, the holding...
5 June 2017
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The end of a long-lasting recession? – Digest of the Belarusian economy

On 17 May 2017, Belstat, Belarus's official statistical body, announced that Belarus's economy is growing for the second straight month. Thus, on 24 May, Deputy Prime Minister Vladimir Semashka declared new investment plans for the industrial sector assuming further economic...

1 June 2017
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Is the IT sector Belarus’s most successful industry?

On 24 May, Usievalad Jančeŭski, the Head of Belarus’s High Technologies Park (HTP), and Pierre-Dimitri Gore-Coty, Head of the EMEA region at Uber, agreed to an R&D centre for Uber in HTP for driverless vehicles. Uber’s decision to cooperate...

5 May 2017
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Privatization: one step forward, two steps back – digest of the Belarus economy

On 4 May 2017 Belarusian president Alexander Lukashenka declared that Belarus plans to gain approximately $50bn in exports off goods produced in the Great Stone industrial park. Meanwhile, on 3 April 2017, Moscow and Minsk resolved all their disputes in...

26 April 2017
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Minsk wants China’s help countering Russian and Western pressure

Next month, Belarusian leader Alexander Lukashenka will head for China. While he remains isolated in the West, this will be his tenth visit to Beijing. Addressing the Belarusian parliament on 21 April, Lukashenka gave much attention to Belarusian-Chinese relations...

19 April 2017
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Belarus – Turkmenistan: the end of a success story?

On 30-31 March, talks were held in Ashgabat between Turkmen president Gurbanguly Berdimuhamedov and his Belarusian counterpart Alexander Lukashenka. The launch of the $1bn Garlyk potash fertiliser plant which Belarus built in the country differentiated this encounter from other such...

6 April 2017
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Belarus’s plan to import Iranian and Azerbaijani oil: how serious is Minsk?

On 3 April, Belarusian president Alexander Lukashenka succeeded in securing concessions from Vladimir Putin following a year-long oil and gas dispute between the two countries. In order to reach a deal, Minsk put the idea of buying oil from...

4 April 2017
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Macroeconomic stabilization on shaky ground – digest of the Belarusian economy

On 3 April 2017, Economy Minister Vladimir Zinovsky​ announced a negative forecast for first quarter GDP growth in Belarus. This comes despite an increase in industrial output and exports at the end of March. In this context, on 6 March...

28 February 2017
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Consumption in stand-by mode, investments and trade – digest of the Belarusian economy

On 20 February 2017, Belstat, Belarus's official statistical agency, announced that the GDP has once again dropped by 0.5 per cent in January compared with the same month in 2016. However, on 21 February 2017, Prime Minister of Belarus Alexey...

3 February 2017
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Surviving year two of recession – digest of the Belarusian economy

On 3 January 2017, The Eurasian Development Bank​ announced that Belarus is the only economy among CIS countries with a forecasted GDP decline in 2017. Meantime, the biggest problem of 2016 remains unresolved – on 28 January 2017, the Deputy...

30 January 2017
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Belarus pursues ‘social parasites’ at home and abroad

Since late 2016, Belarusian tax authorities have started sending out notifications to all unemployed Belarusians forcing them to reimburse the government for 'state expenditures.' In other words, the Belarusian state automatically assumes that all people not reported as working are...

27 January 2017
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What’s behind Lukashenka’s visit to Egypt and Sudan

On 15 January Belarusian president Aliaksandr Lukashenka set off for official visits to Egypt and Sudan, where he conducted negotiations with the leaders of the two countries. Belarus is trying to broaden its economic relations with developing countries. However, its...

13 January 2017
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Does Belarus stand a chance in a new oil war with Russia?

The year 2016 left Belarus with a serious economic problem: its unresolved dispute with Russia over energy. On 9 January 2017, the Russian daily Kommersant revealed that Moscow will reduce oil supplies to Belarus from 4.5 to 4m tonnes in...

9 January 2017
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Investing in Belarus: a story of Lithuanian businessmen

While the governments of Belarus and Lithuania continue to clash over the construction of the Astraviec nuclear power plant, Lithuanian investors in Belarus are continuing to operate normally. Lithuanian businessmen became the largest Western investors in Belarus, adding more...

3 January 2017
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Under pressure from Eurasian Economic Integration – digest of the Belarusian economy

As of 26 December 2016, the oil and gas dispute between Belarus and Russia remains unresolved. Moreover, Russia persistently rejects any tradeoffs: this deprives Belarus of a substantial part its foreign exchange earnings from petroleum product sales, thus aggravating the...