Loading...
RSS
Belarus high tech travel to Belarus West 2017 Belarus defence
Why Support Belarus Digest?
PDFPrint
Remember reforms and forget about oil – digest of the Belarusian economy
Remember reforms and forget about oil – digest of the Belarusian economy
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...
3 January 2017
cover.png
Under pressure from Eurasian Economic Integration – digest of the Belarusian economy

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...

23 September 2016
makei_and_obama.png
Towards a new agenda for the West and Belarus

The results of the parliamentary elections on 11 September surprised many in Belarus. Few believed that Lukashenka’s regime would allow independent deputies in parliament, but these elections have shown that the Belarusian authorities are at least willing to appear...

8 August 2016
cover.png
The Midterm Exam for the Economy: Digest of Belarus Economy

On 19 July 2016 the National Statistic Committee of Belarus (Belstat) has announced the macroeconomic results of the first half of the year. The figures disappoint – economic growth still in the red zone. Moreover, the Eurasian Development Bank has...

30 May 2016
cover.png
The Costs of the Economic Downturn – Digest of Belarus Economy

On 6 May 2016 the Chairman of the Board of the National Bank of Belarus (NBB) Pavel Kallaur disclosed the long-suspected information about problems in the banking system. Two weeks later, the Prime Minister Andrei Kobyakov has called for market-based...

3 May 2016
cover1.png
The Long Road to Liberalization: Digest of Belarus Economy

On 29 March 2016 Prime Minister Andrei Kobyakov proclaimed the government's intention to speed up the long-awaited process of joining the WTO. Moreover, after renegotiating different scenarios for pension reform in Belarus, the authorities have agreed to an increase in...

27 April 2016
screen_shot_2016-04-28_at_08.48.13.png
Freedom House: Belarus Shows Minor Improvements in Transition

This month Freedom House published Nations in Transitions report on Belarus authored by the Editor-in-Chief of Belarus Digest​ Yaraslau Kryvoi. According to methodology, country experts prepare reports while Freedom House has a final say on the ratings. Most of...

31 March 2016
cover.png
Waiting for a Miracle: Digest of Belarus Economy

On 28 March 2016 the Council of the Eurasian Fund for Stabilisation and Development (EFSD) approved the provision of a new loan to Belarus. In the meantime, the export and real estate market established new numbers of their record fall,...

29 February 2016
cover.png
The Moment of Truth: Digest of Belarus Economy

On 16 February 2016, President Alexander Lukashenka announced zero tolerance for structural reforms being proposed by the government. Meanwhile, since the beginning of 2015 state debt has increased by more than half and real wages in dollar equivalent have fallen...

11 February 2016
nafta_rbcru.jpeg
One Step Forward, Two Steps Back: Digest of Belarus Economy

The drop in oil prices in the first two weeks of January and the resulting volatility of the Belarusian rouble have taken centre stage. The Belarusian government took some small steps towards reforms, but took no serious measures to reform...

9 February 2016
nomenklatura.jpg
Who Blocks Economic Reforms in Belarus

No economic reforms will be carried out in Belarus, Alexander Lukashenka announced in his 26 January address to the government. This was the fourth time since the October 2015 presidential election that the President confirm his desire to keep the...

27 November 2015
image.png
New Policies on Deposits, Waiting for Foreign Money – Digest of Belarus Economy

On 20 November 2015 Belstat, the official statistical body, released the updated macro-economic statistics. Disappointing figures on exports and manufacturing suggest that the economic downturn in Belarus continues. However, on 11 November 2015 the National Bank of Belarus announced reforms...

15 September 2015
lukashenka_construction.jpg
Looking Back at Lukashenka’s Fourth Term

On 11 September candidates for Belarusian president officially started their campaigns. From the previous presidential campaign slogan “For independent, strong and prosperous Belarus”, Lukashenka left only “independent”. In order to buy voters in 2010, Lukashenka embarked on excessive wage growth...

29 July 2015
belstat.png
Creeping Signs of the Approaching Crisis – Belarus Economy Digest

The first half of the year has shown clear evidence that the Belarusian economy needs better incentives to revive its industrial strengths. In July the authorities announced their plans to provide financial assistance to several "giants" of industry. However, this...

30 June 2015
screen_shot_2015-06-29_at_08.48.33.png
Collapsing Economy Weighs on the Authorities – Digest of Belarusian Economy

A labour strike at a major state-owned plant in June suggests that the current economic crisis will present serious political challenges to Belarus. Despite it being an election year, wages and pensions are not growing – a rare occurrence. Yet,...