On 1 February Belarus will raise tariffs for the transit of Russian oil via pipelines crossing its territory by 6.7 per cent. Transit constitutes an important source of revenue for the country, while control of pipeline routes also gives...
Belarusian President Alexander Lukashenka calls the Belarus-Russia border ‘the strangest border in Europe.’ Belarus’s relations with the USA demonstrate incremental improvement. The Belarusian Central Electoral Commission reports on the candidates for the 2018 local elections. Central Asian merchants illegally...
On 16 August, at a conference on transportation in Northwest Russia, Russian president Vladimir Putin demanded that Belarus stop exporting its oil products through Latvian and Lithuanian ports. Instead, Moscow wants Belarus to reroute through Russia’s Baltic ports. This...
On 1 June 2017, Belarusian President Alexander Lukashenka announced that the oil refining industry was experiencing substantial problems. Meanwhile, the economy is still showing signs of recovery, growing three months in a row. This will encourage the government to make...
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...
On 4 May 2017 Belarusian president Alexander Lukashenka declared that Belarus plans to gain approximately $50bn in exports off goods produced in the Great Stone industrial park. Meanwhile, on 3 April 2017, Moscow and Minsk resolved all their disputes in...
On 3 April, Belarusian president Alexander Lukashenka succeeded in securing concessions from Vladimir Putin following a year-long oil and gas dispute between the two countries. In order to reach a deal, Minsk put the idea of buying oil from...
On 3 January 2017, The Eurasian Development Bank announced that Belarus is the only economy among CIS countries with a forecasted GDP decline in 2017. Meantime, the biggest problem of 2016 remains unresolved – on 28 January 2017, the Deputy...
As of 26 December 2016, the oil and gas dispute between Belarus and Russia remains unresolved. Moreover, Russia persistently rejects any tradeoffs: this deprives Belarus of a substantial part its foreign exchange earnings from petroleum product sales, thus aggravating the...
On 26 November Belarusian Deputy Prime Minister Vladimir Semashko announced that the recession in the Belarusian manufacturing sector has ended. However, Belarusian banks strongly disagree with this statement. They yearn for more financially stable corporate borrowers, especially in the industrial...
On 31 October, several years after imports of non-Russian oil into Belarus ceased, the first cargo train carrying Azerbaijani oil reached a refinery in the Belarusian city of Mazyr. Although the Belarusian government has so far imported only a limited...
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...
Belarus establishes closer political and economic links with Asian countries hoping to boost exports. Lukashenka urges CSTO members to elaborate a new development strategy and attain recognition from global players. The Belarusian Parliament ratifies the Convention on the Rights of...
Belarus and China sign contracts totaling $20 million. The authorities build a large solar power station on land contaminated by the Chernobyl catastrophe. Aliaksandr Lukashenka participates in the CIS Summit for the first time since 2011. A delegation of the...
