Location map
author: OCHA/ ReliefWeb

- Eastern Europe.
- Neighbors: Poland, Lithuania, Latvia, Russia, Ukraine.

- cold winters, cool and moist summers;
- transitional between continental and maritime.

Macro indicators (* 2018 estimates)
GDP*:49.15EUR billion

Currency: Ruble
Code: BYN
Since: 2016
- replaced the second Belarusian ruble (BYR)

Exchange rates at December 31st:

1 EUR = 2.4734 BYN (2018)
1 EUR = 2.3553 BYN (2017)
1 EUR = 2.0450 BYN (2016)
1 EUR = 20,300.00 BYR (2015)
1 EUR = 14,380.00 BYR (2014)
1 EUR = 13,080.00 BYR ( 2013)
1 EUR = 11,340.00 BYR (2012)
1 EUR = 10,800.00 BYR (2011)
1 EUR = 3,972.60 BYR (2010)




Belarus 1Q2019 Rankings

Belarus 1Q2019 Market Portfolio

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Latest news

STATISTICS: BELARUS, FY2018: The market grew by more than 14%

In 2018, total market GWP reached BYN 1,226.04 million (EUR 495.69 million), which is 14.57% more y-o-y, according to figures published by the Ministry of Finance of the Republic. Market growth in Euro looks much more moderate (9.10%).

EUROINS acquires ERGO subsidiaries in Czech Republic, Romania and Belarus

Bulgaria-based Euroins Insurance Group (EIG) has made a purchase agreement with Germany-based ERGO International AG for buying 4 ERGO insurance companies. EIG will take control over ERGO's life and non-life subsidiaries in Romania and Czech Republic, as well as the non-life company in Belarus.

BELARUS: GWP y-o-y growth for January-July exceeded 15%

For the period of January-July 2018 Belarusian insurers generated BYN 705.2 million* of GWP (direct insurance and co-insurance). Annual growth of premiums (compared to the same period in 2017) amounted to 15.2%, as reported by the Ministry of Finance of the Republic.

BELARUS: 5 months' result demonstrated 16.6% market growth

Belarusian insurance market bottom-lined 5 months' result show this year GWP amounted to BYN 508.8 million* and the growth rate, compared to the same period last year, amounted to 16.6%, informed the Ministry of Finance of the Republic on its official website.

BELARUS: Belarusian insurance market is expecting liberalization and changes

The planned changes in the local insurance sector will affect life insurance. Besides, the market is expecting liberalization, correction of working conditions and development of online insurance, said the Head of the insurance supervisory main department at the Ministry of Finance of Belarus - Sergey OSENKO during his interview for BELTA (Belarusian information agency).