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| Investing in Belarus |
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| Written by CET |
| Thursday, 23 July 2009 23:23 |
Investing in BelarusAn overview of the benefits of investing in Belarus, the business environment, and the organisations that can support your Belarus trade initiative… Why should you invest in Belarus?  Belarus today is an attractive prospect for potential investors. The many benefits for investors include: - economic stability - 6 free economic zones - progressive investment legislation guaranteeing protection of investors’ rights - Foreign Investment Advisory Council under the Council of Ministers of the Republic of Belarus - strategic geographical location - highly skilled workforce - industrially developed economy - well-developed transport and communications infrastructure How about economics in Belarus? Are the banks in Belarus reliable? Since Belarus gained independence from the Soviet Union in 1991, the country has seen steady economic growth, particularly in recent years.  Belarusian banks offers a wide range of services. Special attention is turned to lending to people, investment projects, housing construction, assistance of the agricultural industry. The bulk of the capital of the banking system (nearly 85%) is in five system-forming banks – Belagroprombank, Belarusbank, Priorbank, Belpromstroibank, Belinvestbank and there are a lot of smaller but active banks like as BTA bank and others. Founded in 1991, the National Bank of the Republic of Belarus is the major part of the country’s banking system. It is based on the Constitution of the Republic of Belarus, the Banking Code, etc. Its management bodies are the Board of Directors (its chairman and members are appointed by the President of Belarus) and the Council of Directors. The National Bank represents the country in the international organizations on the issues under its competence, has a right to participate in the activity of the international banking funds and associations, open representative offices in other countries. Commercial banks in Belarus operate with a degree of autonomy, and many foreign banks are also represented in the country. Belarus is a member of several key international organisations: - International Monetary Fund (IMF) - World Bank - European Bank of Reconstruction and Development (EBRD) Are there any examples of successful investment projects in Belarus?  Yes. International companies in Belarus have been involved in numerous successful investment projects, contributing significant revenues and infrastructure improvements to the Belarusian economy. Are there any agencies that can help me invest in Belarus? Yes. The National Investment Agency of Belarus was established by the Government specifically to help attract foreign investment into Belarus. There are also a number of other ministries, agencies and organisations that can help, for example JSC “The Centre of Electronic Tecnologies”. |
Belarus: We are looking for investor for IT project in educational area!Belorussian IT company is looking for investor to expand IT project in educational area to new countries! Project idea: to redevelop already created web-based tutor software for pupils and students (www.examen.by). Please contact our investments team for details.
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