Five Reasons for Making Profitable Investment in the Republic of Belarus

• Favourable economic and geographical location

• Favourable investment climate

• Political, social,, and economic stability

• Developed industrial, scientific and export potential

• Highly skilled manpower which has accumulated experience of work at modern enterprises

Favourable economic and geographical location

Belarus lies along the eastern boundary of the European Union and in a sense can serve as a base for foreign investors from the angle of the development of new promising CIS markets. Well-developed motor-road and railway networks between the EU member-states and CIS contribute to this fact. And the common customs area with Russia ensures free access of any potential investor to huge capacities of the Russian territory.

Favourable investment climate

Belarus has got a well-elaborated investment legislation aimed at encouragement of investment activities, governmental support thereof, and protection of investors' rights in the territory of the Republic. Foreign Investment Advisory Council headed by the Prime Minister is functioning in the country. Six free economic areas exist providing for preferential terms of activities. Creation of the National Investment Agency is in progress.

Political, social, and economic stability

Sustainable development has become noticeable in Belarus in the recent years. Growth of such integrating factor as gross domestic product (GDP) made 4.7% in 2001, 5% in 2002, 6.8% in 2003,11% in 2004, 9.2% in 2005. The positive moving forces and trends of economic development have been also mentioned by foreign international organizations. In particular, according to the World Bank, "growth of gross domestic product in 1996-2000 made 77.4%". At the same time, "economic growth is not a statistical phenomenon in Belarus, but a real fact", which main moving forces are the increase in labour productivity, improvement of efficiency of energy utilization and production capacity utilization.

Together with the country's stable political situation, low crime and corruption rate, absence of any conflicts of national or religious nature, such indices attract more and more investors to this country every year.

Date: 2014-12-29; view: 827