MINSK, Oct 17 (Reuters) –
The International Monetary Fund on Monday stressed the need to
restrain wage growth in Belarus and said the leadership of
President Alexander Lukashenko would have to show clear
commitment to reform if it hoped to secure new IMF credit.
The ex-Soviet republic is in the grip of a severe financial
crisis which has drained its foreign currency reserves, forced a
65 percent devaluation in the national currency and pushed
inflation up to 75 percent in the year to date.
MINSK (Reuters) – A Belarus opposition leader says the country’s plight is so grave that protests against President Alexander Lukashenko will spread to his core supporters in factories and small and medium-sized business by the end of the year.
Vladimir Neklyayev, one of the few opposition leaders at liberty since a police crackdown on anti-Lukashenko protests after elections last December, foresees an autumn of discontent as the financial crisis begins to bite.
MINSK, June 30 (Reuters) – Crisis-hit Belarus vowed on
Thursday to eliminate the black currency market by the end of
this year after patching up its current account with loans and
privatisation receipts .
Among the assets that the former Soviet republic plans to
sell is its main cash cow, potash miner Belaruskali, as well as
truck maker BelAZ, First Deputy Prime Minister Vladimir Semashko
YEKATERINBURG, Russia/MINSK, June 29 (Reuters) – Belarusian
Potash Company, the agent for Uralkali and
Belaruskali, has sold potash to two Chinese fertiliser importers
at prices $70 a tonne higher than in the first half.
The contract, for 500,000 tonnes and an option for 200,000
tonnes, priced the deliveries at $470 on a cost-and-freight
MINSK (Reuters) – Belarus riot police detained scores of demonstrators at a protest rally against President Alexander Lukashenko in the centre of the capital Minsk on Wednesday night.
A Reuters reporter at the scene in the city centre said Belarussian special forces had rounded up dozens of people and put them into police buses.
MINSK, June 17 (Reuters) – Belarussian President Alexander
Lukashenko promised on Friday to resolve a deepening financial
crisis within several months but announced no concrete steps and
said the country needed to be ready for a “catastrophe”.
In a marathon five-hour news conference, the authoritarian
leader shifted tack repeatedly, varying defiance in the face of
criticism from the West with offers of diplomatic concessions in
exchange for much-needed loans.
MINSK, June 14 (Reuters) – China boosted its presence in the
ex-Soviet bloc’s commodities sector on Tuesday by lending over
$1 billion to Belarus just a day after signing two large deals
in Kazakhstan, another former Soviet republic.
A bulk of funds provided to Belarus will be used to build a
cellulose plant which may then export its produce to China, the
Belarussian government said, while Monday’s Kazakh deals
included a loan to a major copper producer.
MINSK, June 10 (Reuters) – Russian potash miner Uralkali
said it is considering doing a deal with the state-owned
Belarussian fertiliser firm Belaruskali, which has been valued
by Belarus president Alexander Lukashenko at $30 billion.
Uralkali said in a statement it was “considering entering
into a transaction with Belaruskali”, and may lend its trading
partner $1 billion as part of any deal.
MINSK, June 8 (Reuters) – Belarussian President Alexander
Lukashenko, responding to rare public protests, on Wednesday
slashed a big rise in fuel prices announced only the previous
Mounting discontent over soaring consumer prices against the
backdrop of a currency crisis is putting political pressure on
authoritarian Lukashenko who has run the country since 1994,
maintaining a Soviet-style government-dominated economy.
MINSK, May 27 (Reuters) – President Alexander Lukashenko
warned key creditor Russia on Friday that Belarus would not sell
off state assets cheaply to secure an emergency loan, and said
Russian media should be expelled for sowing “hysteria” about his
The comments could jeopardise Minsk’s plans to secure $3
billion from a Russian-led bailout fund next week and deepen a
currency crisis that threatens to overwhelm the former Soviet
republic, which also faced a fresh debt rating setback.