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Belarus’s private sector at a crossroads
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On 7 September 2016 BEROC (Belarusian Economic Research and Outreach Center) held a seminar on private sector development in Belarus featuring presentations and debates from experts. Peter Arushanyants, Director of the Department of Entrepreneurship at the Ministry of Economy of...
30 August 2016
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Testing the Limits of Investment Crisis – Belarus Economy Digest

On 25 August 2016 the National Statistic Committee of Belarus (Belstat) publicised new macroeconomic data for July, which showed that the economy is suffering from a lack of investment flows. Meanwhile, according to the National Bank of Belarus the continuing...

15 August 2016
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Belarus Agriculture: Success Abroad, Failure at Home

On 7 August 2016 the Minister of Agriculture and Food of Belarus Leanid Zayats announced that the country received $11m per day between January and June 2016 for exporting its agricultural products; this accounted for 18 per cent of...

12 August 2016
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Is Belarus Turning away from the Socially-Oriented State Model?

On 5 August 2016, Andrei Labovich, First Deputy Minister of Labour and Social Protection of Belarus, said that the new Law on Employment would tackle the problem of the ‘professional’ unemployed. Simultaneously, in August 2016 the National Statistical Committee of...

8 August 2016
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The Midterm Exam for the Economy: Digest of Belarus Economy

On 19 July 2016 the National Statistic Committee of Belarus (Belstat) has announced the macroeconomic results of the first half of the year. The figures disappoint – economic growth still in the red zone. Moreover, the Eurasian Development Bank has...

8 July 2016
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A New Big Potash Deal between Belarus and China?

June 2016 became a breakthrough month for the potash industry in Belarus. The state-owned company “Belaruskali” managed to sign two long-awaited contracts with two major potash consumers – India and Bangladesh. However, the main news came from China: on June...

4 July 2016
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The Heavy Price of Belarusian Agriculture

Belarus is one of the world's top 10 butter producing countries. However, such an achievement comes at a price - every year the agricultural sector in Belarus requires at least $750m on average in government subsidies. This is more than...

29 June 2016
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The Plans for a Miracle: Digest of Belarus’ Economy

On 3 June 2016 President Alexander Lukashenka decided to strengthen the country's antimonopoly regulation by reforming the Ministry of Trade of Belarus. Meantime, state-owned enterprises (SOEs) are gradually losing their strength and are praying for more changes in their public...

13 June 2016
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Will Belarus Lose the Chinese Market in 2016?

On June, 9 the Council of Ministers of the Republic of Belarus appointed high-ranking officials personally responsible for implementing a number of investment projects. Prime Minister Andrej Kabiakoŭ became supervisor of the BelGee project (vehicles production). This move emphasises the...

30 May 2016
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The Costs of the Economic Downturn – Digest of Belarus Economy

On 6 May 2016 the Chairman of the Board of the National Bank of Belarus (NBB) Pavel Kallaur disclosed the long-suspected information about problems in the banking system. Two weeks later, the Prime Minister Andrei Kobyakov has called for market-based...

3 May 2016
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The Long Road to Liberalization: Digest of Belarus Economy

On 29 March 2016 Prime Minister Andrei Kobyakov proclaimed the government's intention to speed up the long-awaited process of joining the WTO. Moreover, after renegotiating different scenarios for pension reform in Belarus, the authorities have agreed to an increase in...

5 April 2016
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Can Uber Become a Success in Belarus?

On 23 March Evgenia Shipova, official representative of Uber Technologies in the CIS region, announced that Minsk was developing faster than in any other city in Europe, Africa or the Middle East. Within four months, 80,000 city residents used...

31 March 2016
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Waiting for a Miracle: Digest of Belarus Economy

On 28 March 2016 the Council of the Eurasian Fund for Stabilisation and Development (EFSD) approved the provision of a new loan to Belarus. In the meantime, the export and real estate market established new numbers of their record fall,...

22 March 2016
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Testing the Waters: High-Level EBRD Delegation Visits Belarus

The removal of sanctions against Belarus earlier this year has led to increased interest from institutional investors such as the European Bank for Reconstruction and Development (EBRD). Alain Pilloux, Acting Vice President of this major development bank visited Belarus last...

18 March 2016
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Why Belarus KGB Detained the Country’s Former Top Businesman

On 11 March, the Belarusian State Security Committee (KGB) detained Yury Chyzh, one of Belarus' richest businessmen who used to be on friendly terms with President Alexander Lukashenka. The European Union once viewed him as "Lukashenka's purse" and he was...