Latest articles from Belarus

Austrian banks’ profits in CEE hit all-time low

May 22, 2015

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.

Belarus banking sector looks ahead with caution

Belarus banking sector looks ahead with caution

September 3, 2012

The Belarusian banking sector weathered the financial turmoil of 2011 with relative ease. However, increased competition, privatisation and a tricky economic climate means future growth will be tough.

Belarus show of resilience

Belarus's show of resilience

September 3, 2012

Despite facing crisis conditions in 2011, the Belarusian economy has proven to be remarkably robust, boasting plenty of untapped potential, and there are hopes that its privatisation process will lessen the dominance of large state-owned companies on the country's business landscape.

(From left to right) Kazakhstan’s president Nursultan Nazabayev, Russia’s then-president Dmitry Medvedev and Belarus’s president Alexander Lukashenko

Russia, Kazakhstan and Belarus open economic borders

July 2, 2012

Closer economic integration of countries in the Commonwealth of Independent States has been discussed for many years without practical progress. The launch of a Single Economic Space between Russia, Kazakhstan and Belarus may be about to change that.

Ukraine, Kazakhstan and Belarus dominate CIS banking landscape

May 4, 2011

In the past decade, foreign investment and natural resources wealth have transformed the banking landscape in the Commonwealth of Independent States (CIS). The Banker's latest ranking for the region shows which countries have benefited the most from this change.


January 2, 2006

Sergey Kostyuchenko, CEO

Overcautious approach may impede progress

November 7, 2005

President Alexander Lukashenko’s tight controls have ensured that Belarusians have not suffered in the slow transition to a market economy. But the same restrictions are curbing growth and foreign investment, as Ben Aris reports from Minsk.

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