Belarus’s leading supermarket chain Eurotorg Holding reports strong results 2018, mulls second attempt at an IPO in 2019

Ben Aris in Berlin February 13, 2019

​The largest food retailer in Belarus, Eurotorg (aka Euroopt) released its unaudited operating results for the last quarter of 2018 and full year ended 31 December 2018 and is mulling a second attempt at an IPO in 2019, according to bne sources

Belarus’s foreign trade flourishing

Ben Aris in Berlin February 11, 2019

Foods was the country’s leading export product in 2018, up 5.3% y/y to $5.23bn, but exports of tanks, tractors and software are all growing. Trade figures are expected to rise again in 2019.

Belarus' gold and foreign currency reserves totalled $7,017.7mn as of 1 February 2019

bne IntelliNews February 11, 2019

Belarus' gold and foreign currency reserves totalled $7,017.7mn as of 1 February 2019, if calculated in accordance with methods of the International Monetary Fund, according to the preliminary data from the National Bank of the Republic of Belarus

HEATMAP: Russia and Ukraine battle it out for title of most corrupt country in Europe

Ben Aris in Berlin January 30, 2019

Russia recaptured the dubious title of “most corrupt country in Eastern Europe” after it slipped three places in this year’s Transparency International Corruption Perceptions index, falling to 138th place out of 180 countries.

Belarus reports 3% y/y GDP growth in 2018

bne IntelliNews January 21, 2019

Belarus' GDP grew by 3% year-on-year in 2018, according to the national statistics agency Belstat.

Belarus faces economic crisis if Minsk fails to secure energy deal with Russia, IMF says

bne IntelliNews January 21, 2019

Battered Belarus is heading for a new economic crisis unless Minsk manages to secure full compensation from Russia for losses triggered by the latter’s new energy taxation system.

Russia's Gutseriev family opens cryptocurrency exchange in Belarus

bne IntelliNews January 18, 2019

Larnabel Ventures, controlled by Said Gutseriev, the son of Russia's oligarch Mikhail Gutseriev, has launched Belarus' first regulated full-featured trade platform for tokenized exchange assets.