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...
On 29 March, President Alexander Lukashenka held a meeting dedicated to the accession of Belarus to the World Trade Organisation (WTO). Belarus has enjoyed observer status in the organisation since 1993, and every few years proclaims it will speed...
On 4 December, Aliaksandr Lukashenka cancelled his visit to JSC Kamvol, a major textile manufacturer located in Minsk. The president threatened to pay an unexpected visit to this state-owned enterprise in the future and denounced its attempts to cover up...
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...
This month, the Belarusian Ministry of Finance will issue bonds for $425.8 million to bail out Gomselmash (abbreviation for Homiel Rural Machine Building), the most important industrial holding company of the second largest city in the country. The large...
Whilst 2014 was a bad year for the Belarusian economy on the whole, it brought in plenty of profit for Belavia, Belarusian Airlines and Minsk National Airport. Without any competition from low-cost airlines, Belavia has been able to safely modernise its...
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...
Over the last two weeks Belarusian state Channel 1 has regularly covered the protests taking place in the eastern regions of Ukraine. It also commented upon the economic repercussions of the crisis for ordinary Ukrainians and an increase in...
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...
