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The economy of Belarus is an upper-middle income mixed economy. [2] As a post-Soviet transition economy , Belarus rejected most privatisation efforts in favour of retaining centralised political and economic controls by the state. [ 19 ]
The Belarusian economic miracle [a] was a period of significant economic growth, urbanisation, and social change in Belarus during the late 20th century and early 21st century. Beginning under Kirill Mazurov, the Belarusian economy began a process of industrialisation which greatly accelerated under Pyotr Masherov.
Belarus inherited the well-developed military industry from the Soviet era. According to the Stockholm International Peace Research Institute, Belarus was the twentieth largest exporter of major arms in a 5-year period of 2014–2018; its main clients were Vietnam, Sudan and Myanmar. [57] Russia is another key client for the MAZ and MZKT plants ...
LISBON (Reuters) -The European Union will look at hitting Belarus's big potash exports as well as its oil and financial sectors with new sanctions, as punishment for forcing down a Ryanair flight ...
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The Ministry of Economy was created by the resolution of the Council of Ministers of the Republic of Belarus on March 14, 1994, on the basis of the State Committee of the Republic of Belarus for Economics and Planning of the former Byelorussian Soviet Socialist Republic.
The combination of these domestic economic pressures and the international challenges in Syria, Georgia, and Belarus are reminiscent of another era all too familiar to those in the Kremlin. It was ...
The Soviet Union made Russia's economy priority before rebuilding Belarus. Under the leadership of Lukashenko, the economy of Belarus had problems with balance of payments and foreign exchange reserves. In 1998 Belarus entered a crisis, with the ruble value halved and food rationing imposed by the government. [3]