2016: Relaxed political monopoly amid retained micromanagement

January 03, 2017 10:41
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Most important trends in 2016:

- Political liberalisation continued after the elections, breaking political conventions

- Opposition’s attitudes evolved from non-compromising to constructive

- Conflicts built up in the nomenclature; the law enforcement enhanced involvement in the fight among nomenclature groups

- The Russo-Belarusian dispute evolved into a chronic crisis, with fewer economic benefits from cooperation with Russia

- Belarus’ relations with the West normalised

- The authorities revised ideology and media mechanisms

- Status quo in the economic policy retained with half-hearted and inconsistent decisions on economic reforms

- The national currency stabilised; loans became cheaper; amid corporate debt build-up, corporate lending and lending for housing construction reduced, and the quality of banks' assets deteriorated

- Job cuts in the economy continued, tariffs for public services went up while the state preserved its share in the GDP

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