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Course summary: trade and business in Belarus:
- The Republic of Belarus has benefit 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
- The Union State (Russia and Belarus). The strategic partnership with
the Russian Federation stems from their location, historic and
cultural links
between Russia and Belarus, economic ties and cooperation between the Belarusian and Russian
companies and International trade.
- Belarus share frontiers with Poland, Lithuania, Latvia, Russia and Ukraine. The capital is
Minsk. Languages: Belarusian and Russian.
- Main trade partners of Belarus are Russia, Ukraine, Netherlands, Germany, People's Republic of China, Poland,
Venezuela, United Kingdom, Latvia and Italy.
Potash fertilizer and flax fibre production are a major export products of
Belarus
- The majority of Foreign direct investment (FDI) came from European Union (43%) and Russia (33%). In 2009 the major
sources of Foreign direct investment (FDI) were Russia (82 %), Switzerland, Cyprus and Germany.
Minsk is the capital and the industrial centre of the Republic of
Belarus, main economic activities are: 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.
60% of the production of Minsk are exported. The main industrial
export products are tractors, camions, metal-working machine-tools,
refrigerators, TV sets, motor-cycles and bicycles.
The main export destination are: Russia, Ukraine, Baltic States, Poland, Germany, Pakistan and
Kazakhstan.
Example of the course doing business in Belarus:
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