Past Event

The Belarusian economy: are real changes on the way?

At this event we discussed where the economy of Belarus is heading, and what this implies for the EU.

Date: March 9, 2017, 12:00 pm Topic: European Macroeconomics & Governance

SUMMARY

Belarus’ economy has survived with only limited market reforms since the end of the Soviet Union.
This was helped by injections of cash from Russia in return for strategic assets and political concessions. This model is challenged on various levels. Prices of commodities that Belarus exports have fallen, the main geographic market for manufactured goods (CIS) is in recession and the capacity of Russia to lend economic support has declined. At the same time, Belarus started serious discussions with the IMF on a program, which would involve deep structural reforms. So chances for a real economic transition in Belarus are higher than at any time in the past decade.

EVENT MATERIALS

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Presentation by Kateryna Bornukova

Presentation by Dzmitry Kruk

 

Schedule

Mar 9, 2017

12:00-12:05

Introduction

Chair: Rumen Dobrinsky, Senior Research Associate, wiiw

12:05-12:25

Presentation

Kateryna Bornukova, Academic Director, BEROC

Dzmitry Kruk, Researcher, BEROC

12:25-12:45

Comments

Robert Kirchner, Consultant, German Economic Team in Belarus

Alexander Zaborovski, Senior Adviser to the Governor, National Bank of Belarus

12:45-13:10

Panel Discussion

Chair: Georg Zachmann, Senior Fellow

Kateryna Bornukova, Academic Director, BEROC

Rumen Dobrinsky, Senior Research Associate, wiiw

Robert Kirchner, Consultant, German Economic Team in Belarus

Dzmitry Kruk, Researcher, BEROC

Alexander Zaborovski, Senior Adviser to the Governor, National Bank of Belarus

13:10-14:00

Roundtable discussion

Chair: Georg Zachmann, Senior Fellow

14:00-15:00

Lunch

15:00

End

Speakers

Kateryna Bornukova

Academic Director, BEROC

Rumen Dobrinsky

Senior Research Associate, wiiw

Robert Kirchner

Consultant, German Economic Team in Belarus

Dzmitry Kruk

Researcher, BEROC

Alexander Zaborovski

Senior Adviser to the Governor, National Bank of Belarus

Georg Zachmann

Senior Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

matilda.sevon@bruegel.org

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Parliamentary Testimony

European Parliament

Belarusian economy: an overview

Presentation at the European Parliament – Delegation for Relations with Belarus.

By: Marek Dabrowski Topic: European Parliament Date: March 10, 2016
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Blog Post

Belarus: time to reform

Belarus must speed up its transition to a market economy, in order to return to growth and to avoid a new balance of payments crisis. But such reform will face economic, social and political challenges

By: Marek Dabrowski Topic: Global Economics & Governance Date: February 1, 2016
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Policy Contribution

Belarus at a crossroads

Despite the slow pace of market reforms, the Belarusian economy recorded quite impressive growth until recently. However the Belarus growth ‘miracle’ cannot be continued, and the reforms that are needed might be difficult to implement. The potential hardship facing Belarus could be at least partly cushioned by external assistance.

By: Marek Dabrowski Topic: Global Economics & Governance Date: January 21, 2016