Doing Business in Belarus
EENI - Business School.
Subject (Course): International Trade and Business in Belarus Minsk. Syllabus:
- Introduction to the Republic of Belarus (Europe).
- Belarusian Economy.
- International Trade of Belarus.
- Doing Business in Minsk.
- Economic Profile of Belarusian regions:
- Case Study:
- Gomselmash Company.
- The Union State (Russia and Belarus).
- The European Union and Belarus.
- Access to the Belarusian Market
- Business Plan for Belarus
Objectives of the subject “Doing Business in Belarus”:
- To analyse the Belarusian economy and foreign trade
- To evaluate business opportunities in Belarus
- To explore Belarus' trade relations with the student's country
- To know Belarus' free trade agreements (FTAs)
- To examine the profile of Belarusian companies
- To develop a business plan for the Belarusian Market
Sample of the subject - Doing Business in Belarus:
Subject Description: Foreign Trade and Business in Belarus.
The Republic of Belarus:
- Belarus share frontiers with Poland, Lithuania, Latvia, Russia, and Ukraine.
- The capital of Belarus is Minsk (3 million inhabitants).
- Belarus' population: 9.6 millions of people
- Belarus' main religion is Orthodox Christianity. There are 1.7 million Catholics
- Languages spoken in Belarus are Belarusian and Russian.
- The Government type: Presidential Republic
- Belarus gained independence from the Soviet Union in 1990.
- Area: 207,600 square kilometres
Belarus belongs to the Economic Area of the Orthodox Civilisation.
- The Republic of Belarus has benefited from strong economic growth since its independence in 1992.
- The European Union has suspended the economic partnership with Belarus until political and civil conditions improve
- Union State (Russia and Belarus). The Strategic Partnership with the Russian Federation stems from their location, historical and cultural links between Russia and Belarus, economic ties and cooperation between the Belarusian and Russian
companies and international trade.
- The main trade partners of Belarus are Russia, Ukraine, the Netherlands, Germany, the People's Republic of China, Poland, Venezuela, the United Kingdom, Latvia, and Italy.
- Potash fertilizer and flax fibre production are major export products of Belarus
- The majority of foreign direct investment came from the European Union (43%) and Russia (33%).
- Major sources of foreign direct investment were Russia (82 %), Switzerland, Cyprus, and Germany.
Minsk is the capital and the industrial centre of the Republic of Belarus.
- The main economic activities of Minsk are the industry (20% of the total volume of the industrial production of Belarus), construction, science and scientific
services, food production, light and motor industry, tractor manufacturing, machine tool, construction, metal working, instrument making
and radio engineering and electronic equipment manufacturing.
- Minsk export 60% of his production.
- The main industrial
export products are tractors, lorries, metal-working machine tools, refrigerators, TV sets, motor-cycles, and bicycles.
- The main export market destination
is Russia, Ukraine, Baltic States, Poland, Germany, Pakistan, and Kazakhstan.
Belarus' free trade agreements:
- Commonwealth of Independent States (CIS) - Free Trade Area (CISFTA)
- Free trade agreement (FTA) between Russia, Belarus, and Kazakhstan
- Belarus-Russia-Ukraine Free trade agreement (FTA)
- Eurasian Economic Union (EEU)
- Eurasian Economic Community (EurAsEC)
- Central European Initiative (CEI)
- Organisation for Security and Cooperation in Europe (OSCE)
- European Neighbourhood Policy
- Economic Commission for Europe (UNECE)
- European Investment Bank