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Does Belarus Have High Social Capital? Understanding the Legatum Prosperity Index
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Belarus ranks 53rd out of 142 countries in prosperity, ahead of Russia and EU member states Greece and Romania. The rankings stem from the Legatum Institute, a private think tank based in London. According to the ranking Belarus scores...
12 November 2014
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Poland, Belarus and Ukraine To Revive the Baltic – Black Sea Water Route

Belarus and Ukraine are currently studying the economic feasibility of reviving the E40 waterway which goes along the Vistula and Dnieper rivers. It will connect the Baltic and Black Seas and make inland shipping cheaper and more environmentally friendly. On...

3 November 2014
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Why Belarus Outranks CIS states on Human Development Index

Belarus ranks 53rd out of 187 countries in the 2014 Human Development Index (HDI). That places it ahead of fellow post-Soviet states Russia (57th), Kazakhstan (70th), and Ukraine (83rd). To measure development, HDI underscores the importance of “people and their...

29 October 2014
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Belarus May Introduce Forced Labour to Fight Sponging

On 20 October the government announced a plan to introduce punishment for sponging ('tuneyadstvo’). It was practiced in Soviet times and it may return to Belarus again. About 10% of population able to work do not pay taxes although...

24 October 2014
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The Unwanted Economic Union in Exchange for Money – Digest of the Belarusian Economy

The main economic events for October in Belarus revolve around Russia: the ratification of the Eurasian Economic Union, the continued fighting over the re-export of banned European foodstuffs to Russia, and, finally, an argument over Russia’s oil tax manoeuvre. Russia’s...

26 September 2014
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Belarus Smuggles EU Food to Russia Despite Sanctions

On 19 September Russian Agricultural Control announced that Russia can restrict the imports of fish and dairy from a number of Belarusian companies. These companies allegedly violate the sanctions regime by re-exporting EU products under fake labels. Since the very...

25 September 2014
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Outlook for Inflation Improves, Reserves and Income Grow – Belarus Economy Digest

Price increases for regulated goods and services, as well as the abolition of price regulations on meat had a stimulating effect on inflation in Belarus. In the first half of 2014 a gradual reduction of Belarus' foreign currency reserves occurred...

8 September 2014
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Tanks and Tractors: Belarus’ New Deals in the Developing World

On Sunday, Foreign Minister Uladzimir Makei headed to South Africa and Nigeria for a round of meetings. After losing its partners in the Middle East and at the time when relations with Latin America are stagnating, Belarus is seeking new...

2 September 2014
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Belarus – an Outsourcing Haven?

High-tech outsourcing is one of the most dominant trends in today’s economy, but few would associate it with Belarus, better known for its heavy machinery exports than IT experts. This appears to finally be changing. RnR Market Research projects...

19 August 2014
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Belarus Hopes To Cash In On Russian Sanctions

Earlier this month, Russia introduced a full embargo on imports of meat, fish, dairy, fruit and vegetables from the European Union (EU), United States, Australia, Canada and Norway. Moscow sought to retaliate for the sanctions imposed by the West following...

24 July 2014
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Foreign Exchange Reserves Increase, New Regulation of Microloans – Belarus Economy Digest

For the first time over the last six months, in June Belarus saw an increase in its foreign exchange reserves. This growth was due to the issuance of a bridge loan by Russian VTB Bank. At the same time, the overall...

9 July 2014
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Foreign Investment in Belarus: Mission Possible

Last week, the Ministry of Transport of Belarus and the Belavia national air carrier revealed that they have been negotiating with Boeing. Minsk is proposing to Boeing that it participates in the reconstruction of the Minsk aircraft repair plant and...

2 July 2014
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Output Grows, but Inflation Hurting Macroeconomic Stability – Digest of Belarusian Economy

The economy of Belarus is showing signs of rising levels of output with most industries increasing their overall output figures throughout May. At the same time foreign and domestic investment demand are exhibiting signs of recovery. However, this recovery...

25 June 2014
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Belarus Strengthens its Bargaining Position in the Eurasian Economic Union

Lukashenka's administration believes that Belarus' participation in the Eurasian Economic Union (EaEU) does not restrict its ability to balance its interests between Russia and the West. Despite Russia's position, Belarus continues to participate in the Eastern Partnership. Belarus has even recognised the...

24 June 2014
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Will Russia Buy Up Belarus’ Defence and Oil Industries in 2014?

At a press conference on 11 June, Russian ambassador to Belarus, Aleksandr Surikov, announced that Russia had agreed with Belarus to acquire three Belarusian military and high-tech large-scale industrial complexes. Belarus has always been very reluctant to sell of its state property for various reasons,...