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Latest articles from Belarus

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Belarus’s modernisation push moves up a gear

December 2, 2019

With its infrastructure being overhauled, a renewed focus on SME lending and mobile banking taking off, Belarus appears to be on an upward spiral. 

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Pavel Kallaur: insulating Belarus from external shocks

October 1, 2019

The chairman of the board at the National Bank of the Republic of Belarus talks about addressing the country’s vulnerability to trade tensions and the fluctuations of the Russian ruble.

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How has Belarus become a beacon of stability?

February 1, 2019

Belarus’s economy is in good shape, but concerns linger over the high level of non-performing loans and the dominant role of the state in the banking sector. Michael Imeson reports.

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Belarus inches toward economic recovery

November 1, 2017

Belarus is gradually coming out of recession though its public sector reforms are too slow for some. This, combined with high dollarisation, could restrict its growth, writes Stefanie Linhardt.

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Belarus banks teeter on the brink of change

November 1, 2017

High NPL levels, an economy in need of de-dollarisation and the prominence of state-owned institutions are behind moves to consolidate and improve Belarus's banking sector. However, as Stefanie Linhardt reports, the pace of change is not as fast as some had hoped.

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Belarusian banks seek SME and de-dollarisation salvation

November 2, 2015

Belarus has been hit hard by falling oil prices, its heavy dependence on Russian exports and the devaluation of the rouble, which has led to a contraction of the economy. But banks are looking to SME financing – as well as a spell of de-dollarisation – to get the country back on a sound financial footing.

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Belarus deputy economy minister seeks investment to counter external woes

November 2, 2015

Belarus’s first deputy minister of the economy, Alexander Zaborovskiy, explains how a flexible exchange rate scheme and a more attractive investment environment can help the country survive knock-on effects of the economic difficulties facing neighbouring Russia and Ukraine.

Austrian banks’ profits in CEE hit all-time low

May 22, 2015
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For years, Austrian lenders Erste Bank and Raiffeisen Bank have enjoyed strong profits at their central and eastern European operations, but with growth in these economies slowing, more recent results suggest that they may need to rethink their strategies in the region.  

Belarus central bank chairman seeks more stable times

April 27, 2015

The chairman of the board of the National Bank of Belarus, Pavel Kallaur, tells Courtney Fingar about his plans to stabilise the country's currency, as well as keep inflation under control while bringing down interest rates.

Jumping ship: the decreasing value of the rouble has caused some domestic savers to convert their assets into foreign currency

Belarus banks hit more turbulence

October 1, 2013

With inflation still high following a financial crisis in 2011, there are growing signs that Belarusian banks may need to brace for a further round of currency depreciation and asset quality deterioration.

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