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The Way They Do Reforms in Belarus: Actions, Framework, and Foreign Partners
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Before the elections, many publications dealt with the subject of reform in Belarus. The analysis revolved around the post-Soviet space analysing the explicit degradation of the era of a commodity economy. This means that all these states will have...
17 November 2015
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Are Belarusian Authorities Ready For Market Reforms?

On 3-4 November three biggest Belarusian economic think-tanks organised the Kastryčnicki Ekanamičny Forum (KEF) conference in Minsk. The third annual economic conference gathered a number of high-ranking Belarusian and foreign experts, and representatives of international institutions like the IMF...

10 November 2015
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Belarusian Government: Strong on the Opposition, Weak on the Shadow Economy

The Belarusian government plans to step up its campaign against the shadow economy. In January 2016, new amendments to the Tax Code will come into force which introduce harsher punishments against illicit business. Last month, President Alexander Lukashenka demanded...

6 November 2015
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Progressing Recession Deteriorates Quality of Debts – Belarus Economy Digest

On 27 October, the Belarusian statistical office released revised GDP data. The government actually bets on a quick revival of the economy and bails-out some firms and industries through expanding its own debt. However, this in turn creates a potential...

3 November 2015
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The Ukraine Crisis Will Turn Minsk Into a Regional Airline Hub?

The suspension of air traffic between Ukraine and Russia on 25 October has created a new opportunity for Belarus. The national air carrier, Belavia​, and the national aviation authorities reacted quickly by increasing aircraft capacity on the routes between Minsk...

1 October 2015
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Belarus Finally Reforms Its Economy?

On 26 September in New York, Alexander Lukashenka met with IMF chief Christine Lagarde. They discussed prospects for an IMF-supported programme. According to the IMF statement “Lagarde welcomed some recent progress in strengthening the policy framework in Belarus, but emphasised...

30 September 2015
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Belarusian Economy A Month Before the Elections – Digest of the Belarusian Economy

In the last month before the Presidential elections, the Belarusian economy continues to disappoint. Although decline in GDP has slowed, the -3.5 per cent growth has failed to impress. The Belarusian rouble continues to depreciate as oil prices plunge. The...

28 September 2015
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Why Belarusians Stay Away from the Belarusian Rouble

On 16 September a new regulation of the National Bank of Belarus on currency transactions came into effect. It forced all consulates in Belarus to suspend their activities for a few days in order for them to invent new...

23 September 2015
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Belarusian Milk Exports: Success in the East, Failure in the West

On 17 September, Alexander Lukashenka publicly explained to Vladimir Putin the process of milk production and to Nursultan Nazarbayev the functioning of the market economy. In this way the Belarusian state leader responded to critics who have questioned the...

15 September 2015
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Looking Back at Lukashenka’s Fourth Term

On 11 September candidates for Belarusian president officially started their campaigns. From the previous presidential campaign slogan “For independent, strong and prosperous Belarus”, Lukashenka left only “independent”. In order to buy voters in 2010, Lukashenka embarked on excessive wage growth...

14 September 2015
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China as An Epic Failure of Belarusian Foreign Policy

On Friday, President Lukashenka announced that the promised Chinese loan of $7billion would help Belarus cope with the current crisis. A week before this announcement, he had gone to China for his eighth visit to Beijing. Is Belarus succeeding in...

10 September 2015
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Are Housing Utilities about to Become Market-Based?

On 14 August the Belarusian government approved a plan to increase tariffs on housing utilities to their full market cost. The state wants Belarusians to live under market conditions in five years time, which means tripling utility bills by...

8 September 2015
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The Economy Gets Used to Sustained Recession – Belarus Economy Digest

The Belarusian economy keeps on contracting: in January-July it decreased by 4 per cent. However, a number of positive trends have arisen: wages and employment are stabilising, along with improvements in current account balances. The latter might signal an imminent...

3 September 2015
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Belarusian Roads: Good Quality, Bad Service

At the end of July the Minister of Transport Anatol Sivak reported to Lukashenka on important road projects in Belarus, including a second ring road around Minsk and a road toll system. Belarusian roads have became a brand in post-Soviet...

31 August 2015
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Why Belarusians Prefer to Shop in Poland and Lithuania?

In July the Ministry of Trade announced a plan to levy a tax on online purchases in foreign shops​. Since then the state agencies have been elaborating the methods that will be used for tax collection. It could become...