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Belarusian Railway: in Transit from the Soviet Past
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A private sleeping train compartment in Belarus costs around $6 for an eight hour trip. This is around 70 times cheaper than travelling with a Western equivalent such as the American Amtrak. Contributing around 2.2% to yearly Belarusian GDP, Belarusian...
4 July 2016
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The Heavy Price of Belarusian Agriculture

Belarus is one of the world's top 10 butter producing countries. However, such an achievement comes at a price - every year the agricultural sector in Belarus requires at least $750m on average in government subsidies. This is more than...

17 November 2015
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Are Belarusian Authorities Ready For Market Reforms?

On 3-4 November three biggest Belarusian economic think-tanks organised the Kastryčnicki Ekanamičny Forum (KEF) conference in Minsk. The third annual economic conference gathered a number of high-ranking Belarusian and foreign experts, and representatives of international institutions like the IMF...

23 September 2015
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Belarusian Milk Exports: Success in the East, Failure in the West

On 17 September, Alexander Lukashenka publicly explained to Vladimir Putin the process of milk production and to Nursultan Nazarbayev the functioning of the market economy. In this way the Belarusian state leader responded to critics who have questioned the...

28 November 2014
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The New Mayor of Minsk: a New Trend in Top Level Appointments?

On 6 November, President Lukashenka appointed a new mayor to the nation's capital. The appointee Andrei Shorats (41) represents a new generation of state officials. Most of his life passed in independent Belarus. He and Andrei Shved...

24 October 2014
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The Unwanted Economic Union in Exchange for Money – Digest of the Belarusian Economy

The main economic events for October in Belarus revolve around Russia: the ratification of the Eurasian Economic Union, the continued fighting over the re-export of banned European foodstuffs to Russia, and, finally, an argument over Russia’s oil tax manoeuvre. Russia’s...

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...

29 April 2014
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National Bank Reduces Refinancing Rate – Belarus Economy Digest

This April the National Bank decided to its reduce refinancing rate, which has remained unchanged for the past 10-months. This measure is, to some degree, a helping hand for the real sector that is facing significant difficulties at present. However, despite...

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...

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...

29 July 2013
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Belarusian Economy in Summer: Threats for Doing Business

Events that unfolded in June brought about new challenges for the development of the business environment in Belarus. Possible changes to the law on privatisation will impact the attractiveness of state assets and raise concerns regarding the level of property...

30 April 2013
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Belarusian Economy in April: GDP Growth, Privatisation and Monetary Policy

This April economic growth in Belarus was nearly at the level of last year's, which still remains significantly below the official forecast. The financial sector showed certain stability but the situation with attracting foreign capital and the nation's privatisation prospects...

23 April 2013
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Lukashenka’s Annual Address: Accept Change or Remain on the Periphery of History

On 19 April Alexander Lukashenka delivered his annual address to the nation and parliament. For more than three hours he has been speaking about priorities on his current political and economic agenda and answered MPs’ questions. Economic modernization, privatisation and...

4 February 2013
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The Belarus Privatisation Model

Each time the Belarusian economy hits a bump experts start to predict a forthcoming full-scale privatisation in Belarus. The logic is simple: when the level of subsidies from Russia diminishes and...

31 August 2012
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Belarusians Do Not Want Feminism – Digest of Belarusian Analytics

Belarusian analysts discuss recent foreign policy developments, the failure of the government to attract investors and two realities created by the state and independent media in Belarus among other issues.  In Belarus neither women nor men want...