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What Policy Can The Belarusian Economy Sustain?
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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...
24 January 2014
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What to Expect in 2014? – Digest of Belarus Economy

The year 2013 will probably go into the economic history of Belarus as a year when even the government officials acknowledged that the economy was stagnating, and there were no prospects for any quick economic growth in the years to come. The...

30 December 2013
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Economic Growth Slows but Prices Rise – December Digest of Belarusian Economy

Over the recent months the rate of economic growth in Belarus has been gradually declining. For eleven months the GDP grew only by 0.9%. A decline in industrial production had a detrimental effect on economic growth. Despite the decrease in...

27 November 2013
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Need For External Financing and Ambiguous Business Perspectives – November Digest of Belarus Economy

This November showed the need for foreign capital in the Belarusian economy is becoming more and more acute. By the end of October the international reserves of Belarus decreased by $575m and amounted to $6.813bn. This number is much lower than the $8,500 predicted...

14 November 2013
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Kastrychnicki Economic Forum: Why the Belarusian Economy Stagnates

Slow economic growth, inefficient capital accumulation and the steady outflow of its labour force from Belarus became the hottest topics at the Kastrychnicki Economic Forum (KEF) held on 5 November in Minsk.  For many years authorities responded to the criticism toward the Belarusian economic model...

4 November 2013
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KEF Forum Brings Together Officials and Independent Experts to Discuss Belarus Economy

On 5 November experts on the Belarusian economy and government officials will take a closer look at the challenges the Belarusian economy faces at the October Economic Forum (KEF) in Minsk. Hotel Europa will host a one day conference 'New...

26 September 2013
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Stabilisation of Inflation and the Potassium Conflict – Digest of Belarus Economy

In August and September, the general public's attention was focused on the dispute between Belaruskali and Uralkali, the world's two largest producers of potash fertilisers. The conflict between two economic entities created additional difficulties for the Belarusian potash industry, as well as...

8 April 2013
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Belarusian Economy in March: Warming Up

Amidst the snowy spring of 2013, the National Bank of Belarus finally gave up on its attempts to maintain macroeconomic stability and turned its attention to the real sector.   The National Bank began carrying out a policy of providing...

13 February 2013
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Lessons from the 2011 Belarusian Devaluation

Belarusians in their modern history saw two major economic crises. The first followed the collapse of the Soviet Union in early 1990s and the second was in 2011 when many thought the Belarusian economy would crumble. The 2011 currency crisis and inflation dramatically changed well-being of Belarusians. Consumer...

12 January 2013
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SMS Devaluation

About a thousand Belarusains received an unusual anonymous SMS text on 4 January. According to the message the National Bank of Belarus had secretly decided to devalue the national currency by more than 60%. It was predicted that the new...

27 December 2012
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Belarus Economy in 2012: Low Growth and Fragile Stability

The currency crisis of 2011 has revealed the limits of the Belarusian economic model. On the one hand, it became obvious even to the most conservative government officials that changes in economic policy are required. On the other hand, the...

27 November 2012
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Belarus Seeks Money to Serve Its Mounting External Debt

Today a Belarusian delegation which included the Minister of Finance of Belarus Andrey Kharkavets and the Minister of Economy Mikalai Snapkou arrives for a three-day visit to Singapore and Hong Kong. They plan to arrange a road show to market...

31 December 2011
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Top Ten Stories on Belarus Digest in 2011

Belarus Digest compiled a list of most read articles in 2011 and wishes you a Happy New Year!  1. Cheap Booze For The People Of Belarus. As the economic crisis deepens prices on nearly all products rise sharply in Belarus with...

14 May 2011
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Will Inflation Deal the Final Blow to Current Government?

Yesterday the National Bank of Belarus allowed private banks to increase foreign currency exchange rates. Previously, all banks were limited by a very low ceiling. Now officially banks received full freedom to establish the rate. However, various sources suggest...