Privatization

Stripped of Cash, Belarus Grants Large Concession to British Company

Yesterday the Belarusian government concluded an investment agreement with the British company GMC Global Energy plc owned by Russian oligarch Mikhail Gutseriev. Gutseriev, who fled Russia in 2007 and currently lives in the United Kingdom, has undertaken to build a major...

19 July 2011

Belarus Economy Digest: Retaining the Status Quo

The development of the crisis in Belarus has slowed down and the macroeconomic situation has been temporarily balanced. The state program of privatization struggles to achieve its goals because of the lack of buyers but the foreign trade balance...

12 July 2011

Belarus Economy: In Search of More Loans

Last week Russian Minister of Finance Kudrin warned that Russia would reconsider any further loans if Belarus government continues to preserve multiplicity of exchange rates, restrict import and delay privatization. Over the last months all...

6 July 2011

Belarusian Opposition: The Silence of The Lambs

Several months into the grave economic and social crisis the Belarusian opposition seems to be concerned only about two problems: how to achieve the release of political prisoners and how to keep their offices. The economic crisis, the impoverishment...

30 June 2011

Will Russia Provide More Loans to Lukashenka?

The Eurasian Economic Community (EurAsEC), a post-Soviet economic bloc led by Russia, agreed in May to extend a loan of USD 3 billion. According to the agreement, Belarus will receive the following funds: USD 1.24 billion in 2011, USD...

31 March 2011

Is Belarus on the Brink of Financial Collapse?

The National Bank of the Republic of Belarus has recently started devaluation of the Belarusian ruble. Foreign currency is now officially allowed to be traded at an exchange rate that is deviating as much as 10 percent from the...