hyperinflation

Russian Subsidies Are Not Enough: Belarus Seeks a New IMF Loan

Later this month Belarusian authorities plan to negotiate with the IMF a new $3.8bn loan to refinance its existing debt to the organization. With generous subsidies from Russia, the government managed to stabilize the situation in the Belarusian economy...

3 February 2012

How to Survive on $200 Dollars a Month

Although prices in Belarus are as high as in any European country, salaries are very low. The average monthly income is around USD 200, but people still manage to buy food, flats and smart phones. How is it possible to...

9 December 2011

Belarus the Indebted

The Belarusian government spent the whole year actively looking for money to sustain the collapsing socio-economic model. It was looked for everywhere: in the West and the East, in Europe, Asia and Latin America, at the IMF and EurAsEC....

14 October 2011

Hit by the Crisis Lukashenka Looks for Money and Strengthens the KGB

Unable to deal with the economic crisis by economic means and fearing a revolution, Belarusian ruler Alyaksandr Lukashenka strengthens the KGB. Last Thursday the Belarusian rouble fell sharply against the US dollar. Now the rate is 9,000 Belarusian rubles for one...

1 June 2011

The Agony of the Belarusian Economy

The currency exchange crisis persists in Belarus while the government is looking for ways to tackle it at a minimal political cost. Russia has declined to grant Belarus the much awaited loan of 1 bn. USD. The last hope is...

29 May 2011

How Long Can the Belarus Ruler Last?

The unprecedentedly brutal court sentences against democratic activists who protested the falsification of elections in December have two goals. It is widely believed that these people will be used as hostages used for future trade with the West. However,...