Cognomen Balakay (Balakay 
, Балакай 
) , across the world, is a rare surname. The last name Balakay is characteristic of Ukraine, where it is a rare surname, Georgia, and Kyrgyzstan, where it is a very rare surname. Measured by absolute frequency, the name is most common in Ukraine, Russia, and Georgia. Very seldom, Balakay is the forename as well as the last name.