BELARUS NEWS AND ANALYSIS

DATE:

05/12/2009

President of Belarus shakes up leadership

Posted By REUTERS

Belarussian President Alexander Lukashenko yesterday sacked the economy, trade and tax ministers in the biggest government reshuffle in years as he seeks to overturn economic stagnation.

Belarus's economy is heavily dependent on subsidies from neighbouring Russia. It has been hit hard by the recession alongside its bigger neighbour.

Its exports were halved this year as demand and prices for Belarussian machinery and chemical and agricultural products plummeted. Gross domestic product fell 1% in the first 10 months of 2009 after years of growth.

Source:

http://www.theobserver.ca/ArticleDisplay.aspx?e=2208339


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