Belarusians' real disposable money income up 8.1% y/y in 10M18 as middle class expands

bne IntelliNews December 18, 2018

With more money in their pockets, a Belarusian middle class is emerging which is in turn driving strong growth in retail.

Belarus' GDP up 3.2% y/y in 11M18

bne IntelliNews December 18, 2018

According to the first assessment, the country's GDP in money terms totalled BNY111bn in January-November.

Belarus-Russia energy dispute snowballs

bne IntelliNews December 17, 2018

Russia has refused to discuss with a high-level delegation from Minsk possible ways of compensating Belarus for its multi-billion losses from the so-called 'tax manoeuvre' in the Russian oil sector that will effectively cut energy subsidies to Belaru

Belarus foreign reserves increase by 4.7% m/m in November

bne IntelliNews December 10, 2018

The foreign exchange reserves of Belarus increased by $3326mn, or 4.7% month-on-month, to $7.440bn in November following a 2.6% m/m increase in October, the National Bank of Belarus (NBB) said in a statement on December 7.

COMMENT: The state is back in the banking business in Central and Eastern Europe

Gunter Deuber of Raiffeisen Research in Vienna December 10, 2018

For a few years now, foreign banks have been constantly losing market share in many of the larger Central-, Southeastern and Eastern European markets, but there is a shift in the game as state banks are proudly increasing their share in many markets

IMF warns Belarus to get a 'Plan B' ready in case energy talks with Russia fail

bne IntelliNews November 29, 2018

In such an event, oil refining activity would be reduced, dampening export revenue and growth, according to the multinational lender.