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Chronicle of crisis

The global financial crisis will have a more serious impact on Belarus than on other countries. The crisis is knocking out the crutches ineffective “Belarusian model” has been holding on. The bottom, our economy will be falling down to, may be deeper than in other countries if the economy isn’t liberalized, famous Belarusian economist Leanid Zlotnikau said.



16.03.2010

Lukashenka’s economy is bankrupt âàæíàÿ íîâîñòü? 20

8:40, — Economics

Lukashenka’s economy is bankrupt

The gross external debt has reached 22 billion, with Belarus’s stability boundary being 19 billion, economists say.

12.03.2010

National Bank of Belarus hasn’t stuck to its word to IMF 9

14:04, — Economics

National Bank of Belarus hasn’t stuck to its word to IMF

The National Bank of Belarus increased the number of sponsored agricultural enterprises from 11 to 14, thus violating the promise to the International Monetary Fund.

Bahdankevich: Banking system may collapse at any moment âàæíàÿ íîâîñòü? 33

10:13, — Economics

Bahdankevich:  Banking system may collapse at any moment

The former chief banker of Belarus criticised the credit policy conducted by the National Bank.

9.03.2010

Bahdankevich: if Belarus decides to abandon national currency, it should choose euro âàæíàÿ íîâîñòü? 23

15:14, — Economics

Bahdankevich: if Belarus decides to abandon national currency, it should choose euro

The former head of the National Bank is sure that Belarus should orient on the West, not on the East in prospect.

22.02.2010

Mass dismissals prepared at MAZ plant âàæíàÿ íîâîñòü? 65

9:33, — Economics

Mass dismissals prepared at MAZ plant

5,000 persons can be dismissed from Minsk Automobile Plant (MAZ).

11.02.2010

Belarusian enrteprises work for warehoused: view from space (Photo, video) âàæíàÿ íîâîñòü? 47

9:45, — Economics

Belarusian enrteprises work for warehoused: view from space (Photo, video)

Warehouses of Minsk Tractor Plant filled by hundreds or even thousands of unsold tractors

10.02.2010

Belarus’s GDP in dollars dropped by 19% âàæíàÿ íîâîñòü? 25

16:44, Zmitser Bandarenka — Economics

Belarus’s GDP in dollars dropped by 19%

The authorities hide catastrophic decline in economy behind trillions of Belarusian rubles.

4.02.2010

Government budget lacks 200bn rubles in January âàæíàÿ íîâîñòü? 24

12:18, — Economics

Government budget lacks 200bn rubles in January

The Ministry of Finance of Belarus has founded missing of large tax revenues in January.

29.01.2010

Mocking “minimum” âàæíàÿ íîâîñòü? 64

13:47, — society

Mocking “minimum”

The Ministry of Labour and Social Protection of Belarus issued a regulation establishing sizes of minimum consumer budget in average prices of December 2009.

26.01.2010

Demands for foreign currency far exceeds supply âàæíàÿ íîâîñòü? 65

12:50, — Economics

Demands for foreign currency far exceeds supply

Demand for foreign currency far exceeds supply at the Belarusian Currency and Stock Exchange that is similar to the situation a year ago. Moreover, on January 26, the dollar repeated the record of last July.

21.01.2010

Belarus called “economically not free” 8

11:32, — Economics

Belarus called “economically not free”

Belarus took 150th position in the annual Index of Economic Freedom, released by The Heritage Foundation.

19.01.2010

Belarus’s foreign trade volumes show drastic decrease âàæíàÿ íîâîñòü?

17:04, — Economics

Belarus’s foreign trade volumes show drastic decrease

The volume of Belarus’s foreign trade with several countries significantly decreased in January–November 2009.

Belarusian journalists instructed to write “correct” articles about crisis 3

11:34, — Politics

Belarusian journalists instructed to write “correct” articles about crisis

Belynichy district executive committee is alarmed by the independent newspaper “Pahodnya” writes about problems with wage payments.

13.01.2010

Zalesski: “Regime fights with adverse balance with the help of mantras and magic words” 7

10:51, — Economics

Zalesski: “Regime fights with adverse balance with the help of mantras and magic words”

Independent economists do not believe in forecasts of the government that adverse balance of foreign trade would be reduced, and say that it is to grow.

5.01.2010

Conflict with Russia as a way of obtaining credits âàæíàÿ íîâîñòü? 15

13:07, — Politics

Conflict with Russia as a way of obtaining credits

Alyaksandr Lukashenka has signed a number of laws on ratification of agreements in the framework of the Customs Union, despite of the “oil war” with Russia.

Belarus ready to cut transit of electricity to Lithuania and Kaliningrad âàæíàÿ íîâîñòü? 11

8:56, — Economics

Belarus ready to cut transit of electricity to Lithuania and Kaliningrad

Belenergo is not satisfied with Russia’s intention to hold talks only after January 10.

4.01.2010

Belarusian businessmen do not believe in “liberalization” of economy 12

12:57, — Economics

Belarusian businessmen do not believe in “liberalization” of economy

Representatives of the Belarusian business are convinced that the authorities will give more promises but won’t change their attitude towards businessmen in 2010.

Belarusians reduced to indigence and do not trust government âàæíàÿ íîâîñòü? 37

12:35, — Economics

Belarusians reduced to indigence and do not trust government

The economic crisis has become problem number one for most Belarusians. Mistrust to authorities is growing.

Reuters: Russia halts oil flow to Belarus

11:27, — Economics

Reuters: Russia halts oil flow to Belarus

Russia has halted supplies to Belarusian refineries after negotiations on oil export to Belarus, Reuters reports.

30.12.2009

Only Ethiopian birr is weaker than Belarusian ruble (Diagram) 19

11:29, — Economics

Only Ethiopian birr is weaker than Belarusian ruble (Diagram)

Over the year 2009 Belarusian ruble was devaluated against US dollar at almost 30% and become weaker in relation to many currencies.

29.12.2009

Every Belarusian owes $2000 âàæíàÿ íîâîñòü? 42

11:12, — Economics

Every Belarusian owes $2000

The general foreign debt of Belarus is to rise beyond 21 billion by the end of the year 2009.

Andrei Sannikov: “Bankruptcy of the regime became especially evident amid crisis” 12

10:09, — Politics

Andrei Sannikov: “Bankruptcy of the regime became especially evident amid crisis”

The authorities are working out a new national security system. The opposition thinks the securities measures are measures to protect the current regime.

28.12.2009

Russia delivers ultimatum on oil âàæíàÿ íîâîñòü? 54

14:01, — Politics

Russia delivers ultimatum on oil

The Russian first vice premier warned the Belarusian authorities the country must pay for oil on European prices, if a contract with Russia is not signed until January 1.

Business: Nobody knows how deep the crisis is in Belarus âàæíàÿ íîâîñòü? 23

10:26, — Economics

Business: Nobody knows how deep the crisis is in Belarus

The government hasn’t supported a number of market initiatives of the business. Businessmen state that the authorities cannot estimate the state of the economy realistically.

23.12.2009

Russia’s ambassador Surikov: “We’ll work not with opposition but with Lukashenka” 46

14:08, — Politics

Russia’s ambassador Surikov: “We’ll work not with opposition but with Lukashenka”

Russian ambassador doesn’t like the anti-dictatorial mood of the Belarusian opposition.

2010 to become most difficult for Belarusian business 16

9:33, — Economics

2010 to become most difficult for Belarusian business

Such a disappointing forecast has been made by the largest unions of businessmen of Belarus.

18.12.2009

Russia to increase gas prices for Belarus and not to allow earning on oil âàæíàÿ íîâîñòü? 22

15:05, — Economics

Russia to increase gas prices for Belarus and not to allow earning on oil

Russian vice premier Igor Sechin made a number of loud statements on Belarusian-Russian economic relations.

17.12.2009

National Bank admits: Foreign debt beats record âàæíàÿ íîâîñòü? 34

11:09, — Economics

National Bank admits: Foreign debt beats record

As of October 1, the total foreign debt of Belarus amounted to $19,298,500,000.

8.12.2009

Lukashenka’s forecast of economic development is heart attack for factory directors âàæíàÿ íîâîñòü? 48

13:19, — Economics

Lukashenka’s forecast of economic development is heart attack for factory directors

The Belarusian leader has approved economic development forecast for 2010 is growth 11-13%, but this task is impossible.

3.12.2009

Talks in Moscow collapsed: gas price to increase for Belarus âàæíàÿ íîâîñòü? 24

9:48, — Politics

Talks in Moscow collapsed: gas price to increase for Belarus

Russian monopolist Gazprom didn’t agree to preserve significant discounts for gas supplies to Belarus in 2010.

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Exchange Rates of the National Bank

Âàëþòà  19.03.10  20.03.10
EUR4 048.874 040.46
USD2 961.002 967.00
RUB101.33101.41

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