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Belarus Government to Establish Serfdom in Agriculture?
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On 27 May Lukashenka announced several radical initiatives that would virtually introduce serfdom into the nation's state-run farms. Two weeks later it remains unclear how serious Lukashenka was but the authorities like to resort to drastic administrative policies to regulate the economy.   In 2012, the government introduced...
6 June 2014
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Eurasian Integration: Does Lukashenka Have a Choice?

Aliaksandr Lukashenka expressed his resentment over exemptions and restrictions in the Eurasian Economic Union treaty during a meeting with a chairman of the upper chamber of the Russian parliament on 5 May. However, Lukashenka had effectively no other choice as to agree on the...

30 May 2014
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Study Abroad for Belarusians: a One-Way Ticket?

Students across the world dream about studying abroad, and Belarusians are no exception. The Europe Day Education Fair, organised by the EU Delegation in Minsk on 22 May, gathered a large enthusiastic crowd. The fair attracted so much attention in part because international education remains...

23 May 2014
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A New Loan from Russia – A Temporary Lifejacket

The growth rate of inflation in the 1st quarter of 2014 amounted to 6.6% and made plans for reaching the official targets for annual inflation highly unlikely. Despite this, a gradual reduction in refinancing rates with a second round of cuts has been preserved. It was...

16 May 2014
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Belarusian Economic Reforms: An Irresolvable Paradox

Aliaksandr Lukashenka returned from Moscow with victorious news ahead of V-Day. He convinced his Russian counterpart Vladimir Putin to issue a new $1.5-2b loan and to agree on a stage-by-stage reduction of oil export duties...

8 May 2014
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Belarusian Science: Gerontocratic, Isolated, and Unproductive

At the end of March, Aleksander Lukashenka gathered the management of Belarus' scientific institutions and top government officials to discuss the problems of Belarusian science. The meeting revealed that much of what the National Academy of Sciences brands as its...

29 April 2014
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National Bank Reduces Refinancing Rate – Belarus Economy Digest

This April the National Bank decided to its reduce refinancing rate, which has remained unchanged for the past 10-months. This measure is, to some degree, a helping hand for the real sector that is facing significant difficulties at present. However, despite...

11 April 2014
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Belarusian-Chinese Relations: From Great Promise to Failure

In the near future Minsk and Beijing plan to sign the main contract for the China-Belarus Industrial Park. Once a project that used to hold great promise, now appears to be a failure. Lately, Belarusian-Chinese relations have gone through...

1 April 2014
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External Environment Poses New Risks for the Belarusian Economy

Economic performance during first two months of 2014 has been rather disappointing. First, almost all industries reduced their output which led to a decline in GDP by 1.6% year-on-year in January-February.  Second, Belarus has faced new challenges on foreign markets, which are a consequence of capital...

27 March 2014
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What Policy Can The Belarusian Economy Sustain?

The official forecasts for socio-economic development in 2014 is as conservative as it has ever been: the projected GDP growth is only 3.3%. International organisations and independent forecasters are even less optimistic.  The economic authorities' plans for...

19 March 2014
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Why Lukashenka Wants to Make Friends with the New Ukrainian Government

On 12 March at a meeting of the Security Council of Belarus, Lukashenka confirmed that Belarus would maintain contact with the new Ukrainian government. He emphasised the close economic ties between Belarus and Ukraine and gave guarantees to Ukrainian business that their fruitful relationship would continue unscathed. Belarus' large stake in trade...

3 March 2014
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Labour Market in Belarus: the Demand for Workers is Increasing

A recently published report by the HeadHunter recruiting agency and TUT.by portal shows that the labour market in Belarus is starting to recover. Increasing demand for skilled wokers in the entire country has stopped the stream of labour...

26 February 2014
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Kiryl Rudy Wants To Attract Emigrants Back to Belarus

On 5 February, Lukashenka’s economic advisor Kiryl Rudy published his ideas in the National Strategy of Sustainable Social and Economic Development until the year 2030. A young economist with an academic background and experience working in China is supposed to transmit the Chinese...

25 February 2014
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Strict Monetary Policy to Solve Economic Problems – Belarus Economy Digest

According to official forecasts, an improved climate for foreign trade and accelerated economic growth await Belarus in 2014. The growth of the country's negative trade balance in 2013 created additional pressure on the foreign exchange market and the dynamics of its foreign reserves. Improving...

18 February 2014
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Belarus and Customs Union: From Subject to Object of Integration

Beginning 1 July 2014, Belarusian authorities will forbid companies to produce, import or sell synthetic underwear. New regulations came from the Customs Union and show how Russia forces its partners to adopt Russia's own rules of the game. Belarus is stuck in the middle of the...