inflation in Belarus

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...

22 May 2012

Economic Liberalisation in Belarus: Yet Again?

On 7 May Alexander Lukashenka signed Decree No. 6, a measure that could dramatically improve the business climate in Belarus. This is one of the most advanced pieces of economic legislation adopted by the current government. The decree is a...

21 October 2011

Belarusian Vice Prime Minister: The Situation In the Country Is a Shame

On Thursday Nadzeya Yermakova, chair of the Belarusian National Bank, unexpectedly admitted that the government has almost no gold or foreign currency reserves. The National Bank only has USD 1.2 billion. The rest – 3/4 of...

27 June 2011

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...