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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.



24.03.2011

«Business New Europe»: Belarus devaluation a step closer âàæíàÿ íîâîñòü? 55

3:18, Tim Gosling, «Business New Europe» — Economics

«Business New Europe»: Belarus devaluation a step closer

Belarus is teetering ever closer to running out of foreign currency reserves as the current account deficit balloons, with analysts saying that the rapidly deteriorating economic situation makes a currency devaluation increasingly likely.

16.02.2011

Mass reduction at MAZ: 4.5 thousand workers laid off âàæíàÿ íîâîñòü? 101

12:46, — Politics

Mass reduction at MAZ: 4.5 thousand workers laid off

“MAZ is on verge of bankruptcy,” Belarus high authorities acknowledge.

8.02.2011

Belarus’s gold and foreign currency reserves down 13.7% in past month 37

1:15, — Economics

Belarus’s gold and foreign currency reserves down 13.7% in past month

Gold and foreign currency reserves of Belarus fell by 13.7% only in the past month.

16.12.2010

Russian Prime Minister added up losses due to gas deliveries to Belarus 18

15:26, — Economics

Russian Prime Minister added up losses due to gas deliveries to Belarus

Every year Russia receives $3 billion less than it is due because of duty-free gas deliveries to Belarus.

15.12.2010

Belarus external debt increases as a snowball 12

17:25, — Economics

Belarus external debt increases as a snowball

Belarus gross external debt as of October 1, 2010 amounted to $25 593,3 billion.

13.12.2010

Belarus asks Iran to support the ruble 16

11:13, — Economics

Belarus asks Iran to support the ruble

Decrease in currency reserves of Belarus can make devaluation of Belarusian ruble inevitable, analysts believe.

10.12.2010

Trade unions demand annulment of “Belaruskali” privatization 13

13:43, — Economics

Trade unions demand annulment of “Belaruskali” privatization

Funding of one of the leading enterprises in the country was arranged with violations of the Constitution and the Civil Code.

9.12.2010

100 per cent of duty put on oil products for Belarus, gas rises in price âàæíàÿ íîâîñòü? 153

16:37, — Economics

100 per cent of duty put on oil products for Belarus, gas rises in price

Belarus will pay 100% of export duties for oil products after ratification of documents on the Single Economic State.

8.12.2010

Zlotnikau: Belarus needs to borrow $1 billion a month 10

9:01, — Economics

Zlotnikau: Belarus needs to borrow $1 billion a month

And if the sources of external borrowings run low, Belarus living standards will decrease immediately.

3.12.2010

Moody’s: Bank system in Belarus can collapse any time âàæíàÿ íîâîñòü? 17

10:09, — Economics

Moody’s: Bank system in Belarus can collapse any time

Belarusian bank system gives independent experts rise to concern.

1.12.2010

Record growth in negative balance of foreign goods trade âàæíàÿ íîâîñòü? 30

12:04, — Economics

Record growth in negative balance of foreign goods trade

According to the results of the past 10 months, foreign goods trade negative balance reached $6932,5 mln.

26.11.2010

Belarus and Latvia have a row over oil âàæíàÿ íîâîñòü? 20

10:23, — Economics

Belarus and Latvia have a row over oil

Belneftekhim accused LatRosTrans of economic damage caused by oil discharge from the northern branch of “Druzhba” pipeline.

24.11.2010

Belarusians were driven into the debt trap: everyone owes about $ 2,5 thousand âàæíàÿ íîâîñòü? 31

9:50, — Economics

Belarusians were driven into the debt trap: everyone owes about $ 2,5 thousand

The debt of Belarus has grown by more than 10 times less than for 10 years.

19.11.2010

Belarus rolling down in debt pit 9

12:24, — Economics

Belarus rolling down in debt pit

The credit debt of industrial enterprises grew by one third.

18.11.2010

Dollar already costs 3100 rubles in Belarusian exchange offices âàæíàÿ íîâîñòü? 27

14:59, — Economics

Dollar already costs 3100 rubles in Belarusian exchange offices

The selling rate of cash U.S. dollar has significantly increased in bank currency exchange offices.

16.11.2010

Bahdankevich: Devaluation has already started in the country âàæíàÿ íîâîñòü? 19

9:15, — Economics

Bahdankevich: Devaluation has already started in the country

The situation in the financial market of Belarus reminds the situation before January 2, 2009.

12.11.2010

Lukashenka has warned about devaluation 66

15:15, — Economics

Lukashenka has warned about devaluation

On the eve of the devaluation in 2009, the Belarusian governor promised the same thing.

11.11.2010

Economists: Real wages in Belarus has not grown, but even decreased 14

11:02, — Economics

Economists: Real wages in Belarus has not grown, but even decreased

Even if dollar won’t grow, the real wages would come down anyway.

Ministry of Finance intends to place government bonds in Hong Kong or Singapore 11

9:49, — Economics

Ministry of Finance intends to place government bonds in Hong Kong or Singapore

The Finance Minister of Belarus Andrei Kharkavets, the Economy Minister Mikalai Snapkou, the First Deputy Head of the National Bank Yury Alymau are sent on business trips to the Asian finance centers.

9.11.2010

National Bank of Belarus started ruble weakening? 4

9:25, — Economics

National Bank of Belarus started ruble weakening?

The exchange rate of the Belarusian ruble fell last week against all main foreign currencies on the Belarusian Currency and Stock Exchange.

8.11.2010

Belarusian authorities Austrian investors caught trap in the same office in Vienna 19

12:56, — Economics

Belarusian authorities Austrian investors caught trap in the same office in Vienna

The authorities continue to “modernize” the economy actively by investments to sports and entertainment centres.

Is the National Bank of Belarus preparing denomination? âàæíàÿ íîâîñòü? 43

8:29, — Economics

Is the National Bank of Belarus preparing denomination?

Bank cashiers are complaining that one is limiting the turnover of banknotes of 10 and 20 Rubles.

5.11.2010

Too much money printed in Belarus 22

9:39, — Economics

Too much money printed in Belarus

The macroeconomic policy of Belarus has deteriorated and become an expansive one, as stated by experts at the Minsk Forum.

4.11.2010

Belarus is a global leader in tax burden 27

11:12, — Economics

Belarus is a global leader in tax burden

Belarus took the last 183 place in terms of tax burden in the research of IFC and World Bank “Doing Business-2011”.

Yuri Dankov: “Where have you been? People have gone to jail” 30

10:11, — Economics

Yuri Dankov: “Where have you been? People have gone to jail”

A well-known Belarusian businessman has told about conditions for doing business in Belarus.

2.11.2010

Waiting for devaluation: Belarusians rush to buy foreign currency âàæíàÿ íîâîñòü? 42

10:21, — Economics

Waiting for devaluation: Belarusians rush to buy foreign currency

The data for June-September demonstrate that more foreign currency has been sold to the population than bought.

“Gazprom” is getting ready for “the worst» in the relationship with Belarusian authorities âàæíàÿ íîâîñòü? 20

9:06, — Economics

“Gazprom” is getting ready for “the worst» in the relationship with Belarusian authorities

In “Gazprom” do not exclude difficulties at the negotiations on the new contract with Belarus.

1.11.2010

For 9 months Belarus has traded at minus $6 billion âàæíàÿ íîâîñòü? 25

13:40, — Economics

For 9 months Belarus has traded at minus $6 billion

Negative balance of foreign trade of commodities is growing in unprecedented tempo.

22.10.2010

Zaika: People purchase dollars to preserve their incomes âàæíàÿ íîâîñòü? 41

16:30, — Economics

Zaika: People purchase dollars to preserve their incomes

Deficit of cash currency is sharply felt in Belarusian regions.

21.10.2010

Currency panic starts in regions of Belarus 39

16:12, — Economics

Currency panic starts in regions of Belarus

It is a problem to buy dollars in bank branches in the regions. All currency is bought out immediately.

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Old site version

Exchange Rates of the National Bank

Âàëþòà  06.02.12  07.02.12
EUR11 070.0010 940.00
USD8 430.008 370.00
RUB279.00277.00


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