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The autumn of liberalisation – digest of the Belarusian economy
On 26 September 2017, Belarusian officials declared plans for the liberalisation of the economy by developing a new decree on freeing up Belarusian entrepreneurship. Moreover, on 28 September, the First Deputy Prime Minister of Belarus Vasily Matyushevsky announced the...
7 September 2017
State debt and weak trade policy test Belarus recovery – digest of the Belarusian economy

On 5 September 2017, Belarusian president Alexander Lukashenka once again declared the need to accelerate the government’s efforts to improve legislation concerning economic embezzlement and other abuses that are slowing down the economic development of the country. Meanwhile, export...

5 June 2017
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The end of a long-lasting recession? – Digest of the Belarusian economy

On 17 May 2017, Belstat, Belarus's official statistical body, announced that Belarus's economy is growing for the second straight month. Thus, on 24 May, Deputy Prime Minister Vladimir Semashka declared new investment plans for the industrial sector assuming further economic...

2 November 2016
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Autumn of tough economic decisions – digest of the Belarusian economy

On 17 October 2016, new macroeconomic data from Belstat, Belarus's national statistical committee, indicated that this year's economic decline seems to have finally halted. The GDP stopped falling and foreign trade saw a slight revival. However, on 21 September the...

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...

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...

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,...

1 February 2016
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Belarus Struggles to Reduce Energy Dependence on Russia

At the end of 2015 Belarus published a new energy security concept according to which it remains a country with a critical level of energy dependence. 90 per cent of Belarusian energy imports come from a single supplier – Russia....

27 November 2015
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New Policies on Deposits, Waiting for Foreign Money – Digest of Belarus Economy

On 20 November 2015 Belstat, the official statistical body, released the updated macro-economic statistics. Disappointing figures on exports and manufacturing suggest that the economic downturn in Belarus continues. However, on 11 November 2015 the National Bank of Belarus announced reforms...

23 November 2015
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The Way They Do Reforms in Belarus: Actions, Framework, and Foreign Partners

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...

26 February 2015
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The New Economics without Oil – Belarus Economy Digest

Belarus is reeling from the effects of the wobbling oil price and Western-imposed sanctions on Russia. The economy is now paying for the absence of liberal reforms through a decrease in manufacturing, the depreciation of the national currency and the...

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...

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...

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...