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New Policies on Deposits, Waiting for Foreign Money – Digest of Belarus Economy
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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...

30 August 2013
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External and Domestic Shocks – Digest of Belarusian Economy

In July, GDP growth somehow gained momentum, but was still very modest and difficult to place confidence in. Shrinking external demand is one of the core problems for the national economy, although the authorities attempt to compensate these losses...

9 May 2013
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Young Fashion Labels from Belarus – a New Export Hit?

At the end of April, the 6th Belarus Fashion Week took place in Minsk. It may come as a surprise that there is a fashion industry in Belarus, and in fact, this is one of the good news from...

13 December 2012
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Why Belarusians Refuse to Work in Agriculture

Post-Soviet mass discourse often portrays Belarus as a country of villagers. A big deal of that comes from the image of president Lukashenka himself. He has been director of a farm in Eastern Belarus before going into high politics and is famous for...

7 August 2012
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Belarusian Solvents: A Tricky Path to Economic Growth

Despite the proclaimed common Russia-Belarus way to prosperity within the Customs Union, neither country is ready to sacrifice individual economic interests for this cooperation.  On 24 July Russia stopped railway deliveries of straight-run gasoline – the main raw material...

17 April 2012
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Belarus’ Magic Oil Economy

The Belarusian Statistics Agency reported about a fantastic growth of exports in January-February 2012. Compared to the same period last year, the country’s exports grew by impressive 62,5%. The official propaganda trumpeted that Belarus has successfully overcome all the economic troubles...

29 December 2011
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2011: Year Under The Sign Of Crackdown

The year of 2011 was in many respects a unique year for Belarus. Unlike a regular year, it started not on 1 January but rather on 19 December of the previous year. On that day the presidential election took...

1 November 2011
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Belarus and China in the Love Triangle: Who is the Third Party?

Recently, Belarus was frequented by Chinese matchmakers. To have a look at the bride with his own eyes, last month the president of Belarus went on a date with his new beloved in her own territory. In the middle...

27 June 2011
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Five Most Absurd Solutions to Combat Crisis in Belarus

Reading Belarusian news these days feels like opening a German newspaper on April fool’s Day. Some of the news just cannot be true - they must be jokes.  But, up to now, not a single of that news has...