Privatisation in Belarus: current situation and prospects for the future

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Background  

Launched in autumn 1993 with the goal to reduce  the share of the state sector in GDP by two  thirds, privatisation in Belarus was delayed in  comparison to neighbouring countries. Aliaksandr  Lukashenka became president a year later  and succeeded in radically slowing down, and  almost completely terminating privatisation by  1998. Later, privatisation was targeted and GDP  in the private sector grew slowly, reaching 30 per  cent in 2012.  

The Belarusian economy boomed in 2000s, the  boom was based on processing industries, thanks  to the rapid rise in the price of Russian energy  sources. As a result, there was a dramatic growth  in the negative credit balance deficit of current  account operations, which rose to 15 per cent of  GDP in 2010. To finance the deficit, the government  borrowed extensively, with external debt exceeding  40 per cent of GDP and reaching the average  level of other Eastern European countries.  

However, even such uneasy conditions did not  encourage the government to choose privatisation  as a priority in resource mobilisation. Between  2008 and 2012, gains from privatisation  amounted to just about 4 billion USD, well below  the 10.5 billion growth of foreign national debt in  the same period.  

Mars & Hephaestus: The Return of History

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Mars & Hephaestus: The Return of History

Today we need more than morality. We need hypermorality, i.e., the Nietzschean ethics of difficult times. When one defends one’s people, i.e., one’s own children, one defends the essential. Then one follows the rule of Agamemnon and Leonidas but also of Charles Martel: what prevails is the law of the sword, whose bronze or steel reflects the glare of the sun. The tree, the rocket, the sword: three vertical symbols thrust from the ground towards the light, from the Earth to the Sun, animated by sap, fire, and blood.

The Idea of Empire

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Alain de Benoist The Idea of Empire

Europe was the place where two great models of polity, of political unity, were elaborated, developed and clashed: the nation, preceded by the monarchy, and the empire. The last emperor of the Latin West, Romulus Augustus, was deposed in 475. Only the Eastern empire remained. But alter the Western empire was dismantled, a new unitary consciousness seems to have arisen. In 795, Pope Leon III started to date his encyclicals based on the reign of Charles, king of the Franks and patrician of the Romans, rather than on the reign of the emperor of Constantinople.

Alexander Sinkevich. Economic survival. Belarusian experience.

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Скандынаўскі брактэат

Global economic crisis is not over yet. Each day brings us a share of unsettling news – from Greece, Portugal, USA… Economic earthquake is shaking Belarus even more than other countries. It is obvious that the existing economic model is not capable of adequately addressing new challenges.

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