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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
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
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
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
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
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
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
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
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
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...

29 February 2016
The Moment of Truth: Digest of Belarus Economy

On 16 February 2016, President Alexander Lukashenka announced zero tolerance for structural reforms being proposed by the government. Meanwhile, since the beginning of 2015 state debt has increased by more than half and real wages in dollar equivalent have fallen...

22 February 2016
How to Make Quick Money for the State: The Belarusian Solution

Belarus had a rough start to 2016 with the global drop in oil prices, causing instability in its currency and posing problems for its budget planning. Yet instead of focusing on the IMF recommendations, the government appears to favour...

11 February 2016
One Step Forward, Two Steps Back: Digest of Belarus Economy

The drop in oil prices in the first two weeks of January and the resulting volatility of the Belarusian rouble have taken centre stage. The Belarusian government took some small steps towards reforms, but took no serious measures to reform...

18 January 2016
What Is at Stake in the Small Traders Protests?

On 1 January 2016, a new edict came into force in Belarus demanding that small traders who sell imported goods must provide details of their origin. The edict was based on laws for small traders introduced by the Eurasian Customs...

13 January 2016
Belaruskali: The Enterprise that Saved Belarus in 2015

Belaruskali, the world's second-largest producer of potash​, fared much better in 2015 than the Belarusian economy as a whole. In spite of weak commodity markets, the state-owned company's annual export revenues are likely to be roughly the same as in...