Dear colleagues and friends!

Currently, Belarus is getting more attractive to international business community. Its unique geographical position – at the crossroads between west and east, north and south – is just one of the advantages for establishing and doing business in Belarus. 2WKHU EHQH¿WV LQFOXGH D IDYRUDEOH LQYHVWPHQW DQG WD[DWLRQ environment, unique privatization opportunities, well-developed WUDQVSRUW DQG ORJLVWLFV LQIUDVWUXFWXUH KLJKO\ TXDOL¿HG ZRUNIRUFH GHFHQWOLYLQJVWDQGDUGVGLUHFWDFFHVVWRWKHPDUNHWVRI5XVVLD DQG.D]DNKVWDQ The advantages of doing business in our country are proved by statistics. For several years %HODUXVKDVEHHQUDWHGDPRQJWKHWRSWKUHHRXWRIFRXQWULHVWKDWUHJXODUO\WDNHSDUWLQWKH :RUOG%DQN¶V©'RLQJEXVLQHVVªUHVHDUFKDQGKDYHDFKLHYHGUHPDUNDEOHUHVXOWVLQFUHDWLQJD IDYRUDEOHUHJXODWRU\HQYLURQPHQWDQGLPSOHPHQWLQJUHIRUPVHI¿FLHQWO\$FFRUGLQJWRWKH+XPDQ 'HYHORSPHQW,QGH[FRPSLOHGE\WKH81'HYHORSPHQW3URJUDPRXUFRXQWU\LVOLVWHGDPRQJWKH FRXQWULHVZLWKDKLJKOHYHORIKXPDQGHYHORSPHQWDQGFRPHV¿UVWDPRQJWKH&,6VWDWHV$QGWKH FDSLWDORI%HODUXV0LQVNWRSVWKH)RUEHVOLVWRIWKHPRVWDWWUDFWLYHFLWLHVIRUGRLQJEXVLQHVVLQ WKHSRVW6RYLHWDUHD 7KHHGLWLRQFRQWDLQVXSWRGDWHLQIRUPDWLRQDERXW%HODUXVLWVHFRQRPLFH[SRUWLQYHVWPHQW SRWHQWLDO:HKRSHLWZLOOVHUYHDVDEXVLQHVVJXLGHIRURXUSDUWQHUVQRWRQO\EULHÀ\SUHVHQWLQJ the opportunities for establishing and doing business, but also providing references to the domestic organizations and companies to address for all the necessary information and business assistance. On behalf of the Belarusian Chamber of Commerce and Industry I wish your acquaintance ZLWK%HODUXVWREHSURGXFWLYHDQGIXOORISOHDVDQWH[SHULHQFH

Welcome to Belarus!

0LNKDLO0\DWOLNRY Chairman of the Belarusian Chamber of Commerce and Industry Contents

Geographical position 4 7RXULVP  Government 5 ,7LQGXVWU\  Historical background 6 Regional opportunities 39 Climate and weather in Belarus 8 %UHVWUHJLRQ  Places to visit in Belarus 9 *RPHOUHJLRQ   7RXULVWDWWUDFWLRQVLQ0LQVN  *URGQRUHJLRQ  Population 14 0LQVNUHJLRQ  Belarusian business ethics 15 0RJLOHYUHJLRQ  Belarus in international ratings 16 9LWHEVNUHJLRQ  Belarusian Chamber of Commerce 7KHFLW\RI0LQVN  and Industry 18 Investment 48 Economy 22 Belarus is the best place for your )RUHLJQWUDGH  investment 50 ,QGXVWU\  1DWLRQDO$JHQF\RI,QYHVWPHQWDQG 0HFKDQLFDOHQJLQHHULQJ  3ULYDWL]DWLRQ  &KHPLFDOLQGXVWU\  TXHVWLRQVDERXWVWDUWLQJDEXVLQHVV  0HWDOZRUNLQJ  3UHIHUHQWLDOOHJDOUHJLPHV  3RZHUHQJLQHHULQJ  Useful information 59 $JULFXOWXUH  Contact information 60 7UDQVSRUWDQGORJLVWLFV  5HSXEOLFDQERGLHVRIVWDWH %DQNLQJV\VWHP  DGPLQLVWUDWLRQ  )RRGLQGXVWU\  5HJLRQDOH[HFXWLYHERGLHV  /LJKWLQGXVWU\  'LSORPDWLFFRUSVLQ%HODUXV  )RUHVWU\ZRRGZRUNLQJSXOS Diplomatic missions of Belarus DQGSDSHULQGXVWU\  DEURDG 

2 3 Geographical position Geographical position

The Republic of Belarus is a country in the center of Europe. 7KHWHUULWRU\RIWKHUHSXEOLFLVWKRXVDQGVTNP ([WHQVLRQIURPQRUWKWRVRXWK±NPIURPHDVWWRZHVW±NP %RUGHUH[WHQVLRQ±NP ,WWDNHV±KRXUVWRFURVVWKHWHUULWRU\RI%HODUXVLQDQ\GLUHFWLRQWUDYHOOLQJE\FDU 7KH FRXQWU\ LV GLYLGHG LQWR VL[ UHJLRQV %UHVW *RPHO *URGQR 0LQVN 0RJLOHY 9LWHEVN 7KHFLW\RI0LQVNWKHFDSLWDOLVDQLQGHSHQGHQWDGPLQLVWUDWLYHXQLWZKLFKGRHVQRWIRUPSDUWRI a region.

The country borders on Latvia and Lithuania in WKHQRUWKZHVWRQ5XVVLDLQWKHHDVWRQ8NUDLQH LQWKHVRXWKDQGRQ3RODQGLQWKHZHVW %RUGHUV /DWYLDNP /LWKXDQLDNP 3RODQGNP 5XVVLDNP 4 8NUDLQHNP Government Government

National Flag of the Republic of Belarus National Emblem of the Republic of Belarus

7KH 5HSXEOLF RI %HODUXV LV D VRYHUHLJQ WKH +RXVH RI 5HSUHVHQWDWLYHV  GHSXWLHV  independent state. DQGWKH&RXQFLORIWKH5HSXEOLF PHPEHUV 

Form of government – presidential republic. ([HFXWLYH SRZHU LV H[HUFLVHG E\ WKH Government – the Council of Ministers – which 6LQFHWKH3UHVLGHQWRIWKH5HSXEOLF is the major state administrative body. RI%HODUXVLV$OH[DQGHU/XNDVKHQNR In its activities the Government is 7KH 3DUOLDPHQW RI WKH UHSXEOLF LV WKH DFFRXQWDEOHWRWKH3UHVLGHQWDQGOLDEOHWRWKH 1DWLRQDO$VVHPEO\FRQVLVWLQJRIWZRFKDPEHUV 3DUOLDPHQWRIWKH5HSXEOLFRI%HODUXV

5 Historical background Historical background

100–35 thousand B.C. First wars of Rzecz Pospolita, the settlements were formed in the state was portioned out by territory of present-day Belarus. Russia, Austria and Prussia. Belarusian lands were incorporated into the Russian VII–XIII centuries. First Empire. state formations in the territory of Belarus (Principality of Polotsk) 1917. The October Revolution.

XIII–XVI centuries. The 1919. Belarusian Soviet formation of the Grand Duchy Socialist Republic (BSSR) was of Lithuania, embracing the established. territories of present day Belarus, Lithuania, Kiev, Chernigov and Volyn regions of 1922. BSSR became one of the Ukraine, and western regions of Soviet Union (USSR) founding Russia. republics.

XVI–XVIII centuries. The 1941–1945. Belarusian lands Grand Duchy of Lithuania and were occupied by the German the Kingdom of Poland created troops during the World on equal terms a federative War II. state – Rzecz Pospolita.

1944. Liberation of the XVIII – beg.of XX century. country's territory from the As a result of the sustained German occupation.

6 Historical background

1945. Belarus joind the 1999. The Treaty on the United Nations Organization creation of the Union State of together with other UNO Russia and Belarus was signed, founding member-states. and the action programme for the implementation of its provisions was adopted. 1986. As consequence of the Chernobyl accident, a significant part of the country's territory 2009. The documents on the exposed to radioactive creation of the Customs Union contamination. of Belarus, Kazakhstan and Russia were signed.

1991. After the collapse of the USSR, Belarus was 2012. The Declaration on proclaimed an independent the creation of the Eurasian state. Economic Community was The Agreement on the adopted, and the Agreement creation of the Commonwealth between Belarus, Russia and of Independent States was Kazakhstan on the Common signed. Minsk was defined the Economic Space came into force. official headquarter of the CIS coordinating authorities. 2014. The Agreement on the creation of the Eurasian 1994. The Constitution of Economic Union on the basis of the Republic of Belarus was the Customs Union was signed. adopted. The first President The members of the Union elections in the history of the are Russia, Belarus, Kazakhstan independent state were held. and Armenia.

7 Climate and weather in Belarus Climate and weather in Belarus

%HODUXVLDQPRGHUDWHFRQWLQHQWDOFOLPDWHLQÀXHQFHGE\WKH$WODQWLFDLUPDVVHVLVFKDUDFWHUL]HG by rainy warm summers and mild winters with frequent thaws. The weather is changeable in spring and autumn.

$YHUDJHDQQXDOSUHFLSLWDWLRQLQWKHWHUULWRU\ RI%HODUXVLV±PP Month precipitation is characterized by ZHOOGH¿QHG DQQXDO F\FOH ZLWK LWV PLQLPXP DPRXQW LQ )HEUXDU\ ± 0DUFK DQG PD[LPXP LQVXPPHURIUDLQIDOOIDOOVRQIRU$SULO± October. The number of snowy days varies from LQWKHVRXWKZHVWWRLQWKHQRUWKHDVW VQRZFRYHUGHSWKUDQJHVIURPWRFP

$YHUDJH WHPSHUDWXUH YDULHV GHSHQGLQJ RQUHJLRQLQ-XQHLWUDQJHVIRUPÛ&LQWKH QRUWKWRÛ&LQWKHVRXWK $YHUDJH WHPSHUDWXUH LQ -DQXDU\ YDULHV IURP±Û&LQWKHVRXWKZHVWWR±Û&LQWKH north-east. In some regions of Belarus sub-zero temperatures are maintained for over a tertial.

8 Places to visit in Belarus Places to visit in Belarus

Belarus starts with the capital city. Minsk enjoys almost thousand-year history. During WKH*UHDW3DWULRWLF:DU0LQVNZDVGHVWUR\HG E\ PRUH WKDQ  7KHUHIRUH YHU\ IHZ ancient buildings have survived in the city. +RZHYHU0LQVNFDQEHSURXGRIZLGHDYHQXHV and streets, spacious squares, diverse architectural ensembles, verdurous boulevards DQGSDUNV7KH%HODUXVLDQFDSLWDORIIHUVRYHU SHGHVWULDQDQGEXVWRXULVWURXWHVDOORZLQJ the guests of the city to get acquainted to historical and cultural heritage, museums, theaters, H[KLELWLRQKDOOV

The Mir Castle Complex (Mir Castle) is DQ RXWVWDQGLQJ H[DPSOH RI WKH ;9, FHQWXU\ IRUWL¿FDWLRQDUW,WLVLQFOXGHGLQWKH81(6&2 :RUOG &XOWXUDO +HULWDJH /LVW )ROORZLQJ UHVWRUDWLRQZRUNV0LU&DVWOHRSHQHGLWVGRRUV WRYLVLWRUVLQ'HFHPEHU

The Nesvizh palace and park complex is a unique monument of architecture and ODQGVFDSHGHVLJQRIWKH;9,±;9,,,FHQWXULHV ,W LV FORVHO\ FRQQHFWHG ZLWK WKH 5DG]LZLOOV IDPLO\KLVWRU\,WLVD81(6&2:RUOG+HULWDJH VLWH,Q-XQH1HVYL]K&DVWOHRSHQHGLWV doors to visitors following intensive restoration ZRUNV

The Augustow Canal is a hydraulic HQJLQHHULQJ VSHFLPHQ RI WKH HDUO\ ;,; FHQWXU\ It is situated in Grodno region and connects the ULYHU9LVWXODDQG1HPDQ1XPHURXVLQWHUQDWLRQDO cultural and sport events, national and regional FRQWHVWV WRXULVW JDWKHULQJV WDNH SODFH DW WKH FDQDO7RXULVWVFDQJRIRUND\DNFDQRHPRWRUERDW WULSVDORQJWKH$XJXVWRZ&DQDO 9 Places to visit in Belarus The memorial complex Khatyn is one of the most impressive monuments to the victims of World War II. It is located at a distance RI  NP IURP 0LQVN .KDW\Q LV D IRUPHU Belarusian village destroyed by fascist invaders GXULQJWKH*UHDW3DWULRWLF:DU7RGD\¶V.KDW\Q FRPSOH[LVRQHRIWKHPRVWUHYHUHGSODFHVLQ %HODUXV 7KH PHPRULDO FRPSOH[ KDV LWV RZQ PXVHXPDQGDSKRWRH[KLELWLRQ

The Brest Fortress memorial is a VSHFLPHQ RI WKH ;,; FHQWXU\ IRUWL¿FDWLRQ DUW ORFDWHG LQ D PLQXWH ZDON IURP %UHVW¶V GRZQWRZQ 7KH IRUWUHVV LV D V\PERO RI 6RYLHW UHVLVWDQFH GXULQJ :RUOG :DU ,, 2Q -XQH   WKH IRUWUHVV JDUULVRQ UHSHOOHG WKH ¿UVW DWWDFNV RI 1D]L LQYDGHUV The besieged fortress managed to hold the OLQHIRURYHUDPRQWK,WZDVDZDUGHGWKH+HUR )RUWUHVVWLWOHLQWKHZDNHRI:RUOG:DU,,IRURXWVWDQGLQJFRXUDJHGLVSOD\HGE\6RYLHWVROGLHUV when they fought against fascist troops.

Belovezhskaya Pushcha is one of the major tourist attractions of Belarus. It is the biggest forest in Central Europe famous for LWV RDN WUHHV ZKLFK DUH RYHU  \HDUV ROG %HORYH]KVND\D 3XVKFKD LV DOVR KRPH WR numerous bird and animal species, including (XURSH¶VODUJHVWSRSXODWLRQRIUDUHELVRQ7KH %HORYH]KVND\D 3XVKFKD 1DWLRQDO 3DUN LV D 81(6&2:RUOG+HULWDJHVLWH

The Braslav Lakes National Park is ORFDWHG LQ 9LWHEVN UHJLRQ 7KH SDUN LQFOXGHV WKH PRVW EHDXWLIXO JODFLDO ODNHV LQ %HODUXV 7KH ODNHV DUH WKH KDELWDW RI UDUH ELUGV DQG DQLPDOVLQFOXGHGLQWKH%HODUXV5HG%RRNRI (QGDQJHUHG6SHFLHV7KHUHDUHDORWRIWRXULVW 10 camps in the region. Places to visit in Belarus The Marc Chagall Museum in Vitebsk is one of the most popular museums in Belarus. Marc Chagall is a world-famous %HODUXVLDQ VXUUHDOLVW SDLQWHU 0DUF &KDJDOO¶V creative phenomenon arouses particular interest in people both in Belarus and abroad. 7KH PXVHXP¶V H[SRVLWLRQ FRPSULVHV PRUH WKDQ  RULJLQDO ZRUNV RI DUW LQFOXGLQJ OLWKRJUDSKLHV[\ORJUDSKVJUDYXUHVDTXDWLQWV DQG LOOXVWUDWLRQV IRU WKH SRHP 'HDG 6RXOV E\1LNRODL*RJRO5HSURGXFWLRQVRI&KDJDOO¶VPRVWIDPRXVFDQYDVHVDUHDOVRGLVSOD\HGDWWKH museum.

Polotsk is one of the most beautiful towns LQ %HODUXV ORFDWHG  NP WR WKH QRUWK RI 0LQVNLQ9LWHEVNUHJLRQHQMR\LQJDQDWWUDFWLYH riverside location on the river Western Dvina. 3RORWVNZDV¿UVWPHQWLRQHGLQWKH7DOHRI WKH%\JRQH

The Gomel palace and park complex LVWKHPRVWEHDXWLIXOH[DPSOHRIWKHUHJLRQ¶V architecture. Currently the unique museum FRPSOH[ LQ FHQWUDO *RPHO XQLWHV WKH SDODFH RI WKH 5XP\DQWVHYV DQG WKH 3DVNHYLFKHV D chapel and a burial vault, a winter garden, a ZDWFKWRZHUDQGDSLFWXUHVTXHROGSDUN 7RGD\ WKH IRUPHU DULVWRFUDWV¶ UHVLGHQFH in Gomel is one of the most interesting and frequently visited Belarusian museums and a major historical, cultural and educational center. The collection of the Gomel palace is one of the richest in Belarus. It comprises archeological, ethnographic and numismatic collections, pictures, KDQGZULWWHQERRNVDQGERRNVSULQWHGEHIRUHWKH;9,,,FHQWXU\LFRQVDQGUHOLJLRXVLWHPVPDULQH RUJDQLVPVDQGPHPRULDOFRPSOH[HVFRPPHPRUDWLQJRXWVWDQGLQJSHUVRQV 11 Places to visit in Belarus Tourist attractions of Minsk

2QH RI WKH ODQGPDUNV RI 0LQVN LV The second biggest thoroughfare of Independence Avenue that crosses the 0LQVN ± Pobeditelei Avenue – starts at the capital city from the center to the north-east. DQFLHQW8SSHU7RZQQHDUWKH7ULQLW\6XEXUE 7KHDYHQXHLVNPORQJZKLFKPDNHVLWRQH RI(XURSH¶VORQJHVWFLW\WKRURXJKIDUHV

Independence Square LV UDQNHG DPRQJ the biggest squares in Europe.

7KHKLVWRULFDOFHQWHURI0LQVNKDVSUHVHUYHG PDMHVWLF WHPSOHV DQG KLVWRULFDO ODQGPDUNV 7KH SHDUORIWKH0LQVNGRZQWRZQLVthe Trinity Suburb.

12 Places to visit in Belarus

The biggest museums are located in 0LQVN LV IDPRXV IRU LWV SLFWXUHVTXH WKH FLW\¶V GRZQWRZQ ZLWKLQ ZDONLQJ GLVWDQFH parks and gardens, including The Gorky National Art Museum of the Republic of Central Children’s Park, Mikhailovsky Garde, Belarus, National Museum of History and Aleksandrovsky Garden, Troitskaya Gora Culture of Belarus, Belarusian State Museum Garden (Teatralaney Garden), Central of the History of the Great Patriotic War, Botanical Garden of the National Academy of Minsk’s History Museum, the Museum of the Sciences of Belarus, the Chelyuskinites Park, Belarusian Cinema History, Yanka Kupala Victory Park. State Literature Museum, Yakub Kolas State Literature and Memorial Museum.

13 Population Population

7KH SRSXODWLRQ QXPEHUV  PLOOLRQ WKRXVDQG 8UEDQSRSXODWLRQ± 0DOHSRSXODWLRQ± ([SHFWDQF\RIOLIH±\HDUV 7KHUHSUHVHQWDWLYHVRIDERXWQDWLRQV inhabit Belarus. RIWKHSRSXODWLRQFRQVLGHUWKHPVHOYHV religious. Population census 2009

$W SUHVHQW WKHUH DUH  UHOLJLRXV 3URWHVWDQW UHOLJLRXV RUJDQL]DWLRQV FRPPXQLWLHVRIUHOLJLRXVGHQRPLQDWLRQVLQ FRPSULVHRYHUUHOLJLRXVFRPPXQLWLHV Belarus. These are communities of Eastern DVVRFLDWLRQVDQGPLVVLRQV 2UWKRGR[ EHOLHYHUV 5RPDQ&DWKROLFV Lutheranism is one of traditional (YDQJHOLFDO&KULVWLDQV%DSWLVWV6HYHQWKGD\ denominations in Belarus. Today there are $GYHQWLVWV/XWKHUDQV-HZVDQG0XVOLPV /XWKHUDQFRPPXQLWLHVLQ%HODUXV (DVWHUQ 2UWKRGR[\ LV WKH SULQFLSDO -HZLVKFRPPXQLWLHVDUHZLGHO\SUHVHQWHG religion in Belarus. It is the foundation of LQWKHFRXQWU\DVZHOO$WSUHVHQWWKHUHDUH inter-faith stability in the country. RYHU  -HZLVK FRPPXQLWLHV IXQFWLRQLQJ LQ &DWKROLFLVP LV RQH RI %HODUXV¶ WUDGLWLRQDO Belarus. religious denominations. Catholics account for 7KHUH DUH  0XVOLP FRPPXQLWLHV LQ 14 RIWKH%HODUXVLDQSRSXODWLRQ Belarus. Belarusian business ethics Belarusian business ethics

Language 6WDWH ODQJXDJHV DUH %HODUXVLDQ DQG 5XVVLDQ 5XVVLDQ (QJOLVK DQG *HUPDQ are widely used for business negotiations. ,Q HYHU\GD\ OLIH 5XVVLDQ DQG %HODUXVLDQ SUHGRPLQDWH,W¶VIUHTXHQWWKDWWKH%HODUXVLDQV XVHDSHFXOLDULQWHUQDWLRQDOVODQJ±WKHPL[WXUH RI 5XVVLDQ DQG %HODUXVLDQ )RU LQVWDQFH LW¶V SRVVLEOH WR KHDU FRQYHUVDWLRQV VWDUWLQJ LQ %HODUXVLDQDQG¿QLVKLQJLQ5XVVLDQDQGYLFH versa. Peculiarities of Belarusian mentality The Belarusians are very friendly and NLQG ([SUHVVLYHQHVV HPRWLRQDO RXWEXUVW and boisterous spectacles in public are uncharacteristic of them. For centuries the Belarusians have lived in communities, ZKLFKKDYHOHIWWKHPDUNRQWKHFKDUDFWHURI the relationship between them. Mutual help, respect for the elder and for an interlocutor KDYHDOZD\VEHHQRIJUHDWLPSRUWDQFH$OO the major matters are solved conjointly, with holidays being celebrated either by the whole big family, or even by the whole settlement.

Business ethics The Belarusians are characterized by openness and trust in people. Therefore, in business they tend to observe all the agreements and ensure reputation. The Belarusians believe that successful business relations are based only on trust and good personal relations. $OO EXVLQHVV PHHWLQJV VKDOO EH DUUDQJHG EHIRUHKDQG DQG WKHQ FRQ¿UPHG MXVW EHIRUH they are held. First business contacts imply business environment and business style of negotiations and clothes. Besides, a meeting with Belarusian state authorities representatives will be more formal than a meeting with businessmen.

15 Belarus in international ratings Belarus in international ratings

In a joint study Doing business – The UN Food and Agriculture 2015 SUHSDUHG E\ WKH :RUOG %DQN Organization (FAO)FRQVLGHUVWKH5H- %HODUXV LV UDQNHG th RXW RI  public of Belarus an important producer FRXQWULHVLQWKHJHQHUDOLQGH[RIHDVHRI of major agricultural products. GRLQJ EXVLQHVV 7KH FRXQWU\¶V SRVLWLRQ 7KH UHYLHZ SXEOLVKHG RQ 1RYHP LPSURYHGE\VL[SRLQWVFRPSDULQJWRWKH EHU   E\ )$2 UHSRUWV WKDW IRO- SUHYLRXV  \HDU ORZLQJ WKH UHVXOWV RI  %HODUXV LV 3RVLWLRQRI%HODUXVE\PDLQLQGLFDWRUV UDQNHGDPRQJWKHOHDGHUVLQWKHSRUN rd 5HJLVWHULQJSURSHUW\± place; DQGEHHIPHDWPDUNHW,QWKLVFRQWH[W th (QIRUFLQJFRQWUDFWV± ; )$2 SUHGLFWV LQFUHDVH LQ %HODUXVLDQ th 6WDUWLQJDEXVLQHVV± ; PHDWSURGXFWVH[SRUWVWRIRUHLJQPDU- st 'HDOLQJZLWKFRQVWUXFWLRQSHUPLWV± ; NHWV th 3D\LQJWD[HV± ; $FFRUGLQJ WR WKH DERYH PHQ- th 5HVROYLQJLQVROYHQF\± ; tioned review, Belarus is predicted th 3URWHFWLQJPLQRULW\LQYHVWRUV± ; WR WDNH WKH rd place in the world as th *HWWLQJFUHGLW± ; WKH SURGXFHU RI EXWWHU  WKRXVDQG 7UDGLQJDFURVVERUGHUV±th; th WRQV  ORVLQJ RQO\ WR 1HZ =HDODQG *HWWLQJHOHFWULFLW\± .  WKRXVDQG WRQV  DQG WKH (8 7KH'RLQJ%XVLQHVVUDWLQJLV WKRXVDQGWRQV DQGWKHth place WRSSHGE\6LQJDSRUH7KHZRUOG¶VWRS DVWKHSURGXFHURIFKHHVH WKRX- WHQ DOVR LQFOXGH 1HZ =HDODQG +RQJ VDQGWRQV  .RQJ &KLQD  'HQPDUN 5HSXEOLF RI .RUHD1RUZD\WKH8QLWHG6WDWHVWKH 8.)LQODQGDQG$XVWUDOLD 5XVVLD LV nd in the list, while .D]DNKVWDQJRHVth. In the Education Index, a com- ELQHG VWDWLVWLFV RI WKH 8QLWHG 1DWLRQV 'HYHORSPHQW 3URJUDPPH %HODUXV UDQNVnd RXWRIFRXQWULHV  International Telecommunication For reference: Union in Geneva presented Index measures the country’s de- the report «Measuring the velopments in terms of the achieved Information Society 2013». education level, combining two major  7KH 5HSXEOLF RI %HODUXV WDNHV TXLWH dimensions: high positions in the ratings given by ‡adult literacy rate (2/3 of total WKH UHSRUW $FFRUGLQJ WR WKH ,QIRUPDWLRQ weight); Communication Technologies Develop- ‡aggregate share of schol- PHQW ,QGH[ RXU FRXQWU\ WDNHV WKH st ars, getting elementary, secondary  SODFHRXWRI 5HSXEOLFRI.RUHD and higher education (1/3 of total WDNHVWKHstSODFH DQGLVDKHDGRIDOO&,6 weight). FRXQWULHV H[FHSW 5XVVLD 5XVVLD UDQNV th0ROGRYD±nd8NUDLQH±th  16 Belarus in international ratings

Belarus maintains the lead- 0LQNVUDQNVst RXWRI DPRQJ LQJ SRVLWLRQ DPRQJ WKH &,6 VWDWHV WKH SRVW6RYLHW VWDWHV¶ FLWLHV LQ WKH according to the independent Brit- Forbes’ DQQXDOORRNDWWKHEHVWFLWLHV LVK UDQNLQJ Legatum Prosperi- for business. ty Index. Following the results of 7KH UDQNLQJ HYDOXDWHG WKH FLWLHV¶  RXU FRXQWU\ RFFXSLHV WKH rd EXVLQHVVFOLPDWHDQGWKHHDVHIRU5XV- SODFH RXWRIFRXQWULHVDQGWHUUL- sian businessmen to conduct business WRULHVDURXQGWKHZRUOG  WKHUH7KH¿QDOUHVXOWWRDJUHDWH[WHQG For reference: ZDV GH¿QHG E\ WKH DEVHQFH RI ODQ- Legatum Prospeity Index guage barrier, visa-free entrance and is based on 79 different vari- WKH &XVWRPV 8QLRQ 'HYHORSHG LQIUD- ables analysed across VWUXFWXUHDQGORZWD[UDWHVZHUHXQGHU- 142 nations around the world. OLQHGDVZHOO0RVFRZGLGQ¶WSDUWLFLSDWH The 89 variables are grouped into LQWKHUDQNLQJDQGZDVUDWKHUDUHIHU- 8 sub-indexes, which are averaged ence point for the other cities. using equal weights. The 8 sub- indexes are: ‡ economy; ‡ entrepreneurship; ‡ governance; th ‡ education; %HODUXVUDQNV in the Rule of ‡ health; Law Index 2014 among 99 countries ‡ safety security; and territories worldwideLQHLJKWNH\ ‡ personal freedom; LQGLFDWRUV FRQVWUDLQWV RQ JRYHUQPHQW ‡ social capital. powers, absence of corruption, open The ranking is based on a vari- government, fundamental rights, order ety of factors including wealth, eco- and security, regulatory enforcement, nomic growth, education, health, civil justice, and criminal justice. personal well-being, quality of life and their inÀuence on economic growth and long-term welfare of the population. $FFRUGLQJ WR the Human Development Index (HDI), published E\ WKH 8QLWHG 1DWLRQV 'HYHORSPHQW 3URJUDPPH%HODUXVLVFODVVL¿HGDVD FRXQWU\ZLWKKLJKOHYHORI+',UDQNLQJ $WWKHEHJLQQLQJRI$PHULFDQ rdDPRQJFRXQWULHV QRQJRYHUQPHQWRUJDQL]DWLRQ1XFOHDU For reference: Threat Initiative published «Nuclear The Human Development Index Materials Security Index 2014». Be- (HDI) combines three dimensions: th ODUXV RFFXSLHV WKH  place and is ‡ life expectancy index; DKHDGRIDOOIRUPHU8665FRXQWULHV ‡ education index; ‡ income index: GNI per capita. 17 Belarusian Chamber of Commerce and Industry Belarusian Chamber of Commerce and Industry

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arrangement and holding of business JRRGV H[SHUW H[DPLQDWLRQ RI JRRGV VROG councils, economic and investment forums, WKURXJKWKH%HODUXVLDQ8QLYHUVDO&RPPRGLW\ seminars, conferences and symposiums in ([FKDQJHH[SHUWH[DPLQDWLRQRIFRQVXPHU Belarus and abroad; goods; t
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20 21 Economy Economy

1DWLRQDO FXUUHQF\ ± %HODUXVLDQ UXEOH JRRGV %HODUXV SURGXFHV  RI WUDFWRUV %<5   FKHPLFDO ¿EHU DQG \DUQ  RI WKH *'3  %<5 636,784 billion. PDFKLQHWRROVLQWKHWRWDODPRXQWRIWKH&,6 *'3SHUFDSLWD%<567,271 thousand. The country has one of the leading positions *'3 LQ UHDO WHUPV FRPSDUHG WR WKH in the world in production of potash fertilizers previous year – 100.9%. DQGKHDY\WUXFNV %HODUXV ERDVWV  RI WKH ZRUOG RXWSXW 7KH 5HSXEOLF RI %HODUXV LV DQ H[SRUW RI KDUYHVWHUV  RI WUDFWRUV  RI ÀD[ oriented state with well-developed industry, DQGRISRWDWRDQGLWVVKDUHLQWKHZRUOG agriculture and service sector. Belarus adheres PLQLQJGXPSWUXFNVSURGXFWLRQLV WR WKH PRGHO RI VRFLDOO\ RULHQWHG PDUNHW economy that has proved its sustainability, 10 BELARUSIAN CORE PRODUCTS FRQVLVWHQF\DQGHI¿FLHQF\ t
freight vehicles, road and construction Over the past decade, the foreign trade equipment dynamics is characterized by rapid increase t
tractors and agricultural equipment in goods and services turnover volume. It t
refrigerators and household equipment is determined by high economic growth, t
fertilizers HQKDQFHPHQW RI VFLHQWL¿F DQG WHFKQLFDO DQG t
ÀD[¿EHUV transit potential, participation in integration t
FKHPLFDO¿EHUVDQGWKUHDGV SURFHVVHV ZLWKLQ WKH &,6 DV ZHOO DV t
clothes and footwear GLYHUVL¿FDWLRQRIWUDGHDQGHFRQRPLFUHODWLRQV t
potatoes %HODUXV PDLQWDLQV NH\ SRVLWLRQV LQ t
meat products the production of the most important t
dairy products

The share of industries in the total industrial output:

3RZHUHQJLQHHULQJ  Fuel industry  0HFKDQLFDOHQJLQHHULQJDQGPHWDOZRUNLQJ  Chemistry and petrochemistry  Forestry, wood processing, pulp  and paper industries Light industry  3URGXFWLRQRIFRQVWUXFWLRQPDWHULDOV  Food industry  Other industries 

22 Economy Foreign trade

Belarus trade turnover of goods amounted to 8680,226 millionLQ ([SRUWV WRWDOHG 86 37,203 million; imports amounted to 8643,023 million. ([SRUWLVRQHRIWKHPDMRU priorities of the Belarusian HFRQRP\WUDGLWLRQDOO\PDNLQJ up more than a half of its gross domestic product. Belarus maintains trade relations with over  FRXQWULHV DURXQG WKH ZRUOG ([SRUWV PDNH XS  RI WKH *'3 Ministry of Foreign Affairs of the Republic of Belarus LPSRUWV±DERXW www.mfa.gov.by Belarusian Chamber of Commerce and Industry Useful links: www.cci.by Ministry of Economy of the Republic of Belarus National Agency of Investment and Privatization www.economy.gov.by www.investinbelarus.by

23 Economy Industry t
specialised long-run production of tools for WKHPHWDOZRUNLQJLQGXVWU\RIVXSHUKDUGPDWHULDOV and composite materials on their basis; t
production of components for vehicles and buses corresponding to Euro 5 and (XURUHTXLUHPHQWV t
creation of new types of competitive optical electronic and laser products of special purpose; t
production of photo-sensitive devices, optical electronic devices, high-quality solar cells. Priority areas of industrial development: Useful links: t
production of high-precision casting for Ministry of Industry of the Republic of Belarus HQJLQHHULQJFRPSOH[ www.minprom.gov.by t
production of engineering process Belarusian State Light Industry Concern equipment; www.bellegprom.by t
production of complete automated Belarusian State Concern for Oil and Chemistry www.belneftekhim.by hydromechanical transmissions of a Belarusian Chamber of Commerce and Industry EURDG SRZHU UDQJH  WR  KS  IRU www.cci.by various transportation and technological National Agency of Investment and Privatization machines; www.investinbelarus.by

24 Economy Mechanical engineering

$XWRPRELOHLQGXVWU\LVRQHRIWKHOHDGLQJ branches of the mechanical engineering VHFWRU,WDFFRXQWVIRURQHIRXUWKRIWKHVHFWRU¶V output. Belarus specializes in manufacturing freight vehicles, buses and special vehicles. 7KHELJJHVWFRPSDQLHVDUH0LQVN$XWRPRELOH 3ODQW DQG %(/$= %HODUXVLDQ $XWRPRELOH :RUNVDFFRXQWVIRUDWKLUGRIWKHJOREDOPDUNHW RI URFN KDXOHUV DQG LV RQH RI WKH OHDGLQJ producers of quarry equipment in the world. Belarus is a leading producer of agricultural equipment such as tractors, grain harvesters, DOO NLQGV RI IRUDJH KDUYHVWHUV0LQVN7UDFWRU :RUNV LV DPRQJ WKH biggest manufacturers of wheeled tractors. Belarusian tractors DFFRXQW IRU  RI WKH JOREDOPDUNHW Belarusian Chamber of Commerce and Industry Useful links: www.cci.by Ministry of Industry of the Republic of Belarus National Agency of Investment and Privatization www.minprom.gov.by www.investinbelarus.by

25 Economy Chemical industry

7KH%HODUXVLDQ6WDWH&RQFHUQIRU2LODQG %HOVKLQDLV(XURSH¶VODUJHVWWLUHSURGXFHU &KHPLVWU\%HOQHIWHNKLPLQFRUSRUDWHVRYHU The Belarusian oil processing industry HQWHUSULVHV,WDFFRXQWVIRUPRUHWKDQRI LQFOXGHV 1RYRSRORWVNEDVHG 1DIWDQ 2LO WKHFRXQWU\¶VLQGXVWULDORXWSXW 5H¿QHU\ DQG 0R]\U 2LO 5H¿QHU\ 7KHVH DUH 7KH WRS H[SRUWHUV RI PLQHUDO IHUWLOL]HUV LQ modern facilities manufacturing high-quality %HODUXVDUH%HODUXVNDOLDQG*URGQR$]RW RLOSURGXFWVZKLFKDUHH[SRUWHGWR&HQWUDODQG %HODUXVNDOL LV RQH RI WKH ZRUOG¶V 1RUWKZHVW(XURSH biggest manufacturers of potash Useful links: fertilizers. The Belarusian enterprise Belarusian State Concern for Oil and Chemistry DFFRXQWV IRU  RI WKH JOREDO SRWDVVLXP www.belneftekhim.by PDUNHW $ERXW  RI %HODUXVNDOL¶V Ministry of Industry of the Republic of Belarus RXWSXW LV H[SRUWHG WR (XURSH (DVW $VLD www.minprom.gov.by 0HGLWHUUDQHDQ FRXQWULHV 6RXWK $IULFD Belarusian Chamber of Commerce and Industry www.cci.by ,QGLD &KLQD 6RXWK DQG 1RUWK$PHULFDV ± National Agency of Investment and Privatization DWRWDORIFRXQWULHVDFURVVWKHJOREH www.investinbelarus.by

26 Economy Metalworking

7KH %HODUXVLDQ PHWDOZRUNLQJ LQGXVWU\ comprises eight manufacturers of electrowelded circular and shaped steel pipes, steel cast bars, rolled steel, various NLQGVRIZLUHVWHHOFRUGEROWVVFUHZVQXWV nails, molding materials, heating equipment. %HODUXVLDQ6WHHO:RUNV %0=WUDGHPDUN  LQ=KORELQLV%HODUXV¶ELJJHVWPDQXIDFWXUHURI ferrous metallurgy merchandize.

Useful links: Ministry of Industry of the Republic of Belarus www.minprom.gov.by Belarusian Chamber of Commerce and Industry www.cci.by National Agency of Investment and Privatization www.investinbelarus.by

Major metalworking enterprises

Enterprise Produced goods

%HODUXVLDQ6WHHO:RUNV 5HLQIRUFHGUROOHGDQGSUR¿OHGEDUVLURQURG and wire, steel wire cord, steel cast bars 0RJLOHY6WHHO:RUNV 6WHHO HOHFWULFZHOGHG URXQG DQG SUR¿OHG tubes 7VHQWUROLW*RPHO)RXQGU\3ODQW Iron casting for tool building and mechanical engineering, manholes, surge facilities and catch basins, ornamental and furnace casting 5HFKLWVD0HWL]Q\3ODQW Bolts, screws, nails of all dimension-types 0LQVN3ODQWRI+HDWLQJ(TXLSPHQW +HDWLQJERLOHUVUDGLDWRUV¿WWLQJV

27 Economy Power engineering

7KH %HODUXVLDQ IXHO DQG HQHUJ\ FRPSOH[ includes companies engaged in production, WUDQVSRUWDWLRQ DQG VWRUDJH RI DOO NLQGV RI HQHUJ\ UHVRXUFHV $ERXW  RI HQHUJ\ resources consumed by the national economy are imported. Electricity generation is the core RI WKH %HODUXVLDQ IXHO DQG HQHUJ\ FRPSOH[ This is one of the leading branches of the national economy with a traditionally high level RI%HODUXV¶WHFKQLFDODQGHQJLQHHULQJSRWHQWLDO FRQFHQWUDWHG %HOWUDQVJD] 2-6& GLVWULEXWHV and transports gas across Belarus. In the near future nuclear energy will play DOHDGLQJUROHLQWKHIXHODQGHQHUJ\FRPSOH[ The decision to build a nuclear power plant with WKHFDSDFLW\RIXSWR0:LQ%HODUXVZDV PDGHLQ7KH133ZLOODOORZUHGXFLQJWKH SULPHFRVWRISURGXFHGHQHUJ\E\XSWR

Useful links: Ministry of Energy of the Republic of Belarus www.minenergo.gov.by Belarusian Chamber of Commerce and Industry www.cci.by National Agency of Investment and Privatization www.investinbelarus.by

28 Economy Agriculture

$JULFXOWXUDO SURGXFWLRQ DFFRXQWVIRUDERXWRIWKH FRXQWU\¶V *'3 /HVV WKDQ  RI WKH HPSOR\HG LQ WKH QDWLRQDOHFRQRP\ZRUNLQWKH agricultural sector. Belarusian companies almost fully satisfy the needs RI WKH GRPHVWLF IRRG PDUNHW Food import accounts for OHVV WKDQ  RI WKH WRWDO consumption. The production RI PLON SHU FDSLWD LQ %HODUXV LV  WLPHV KLJKHU WKDQ WKDW LQ WKH (XURSHDQ 8QLRQ DQG  WLPHV KLJKHU WKDQ WKDW LQ the world. The production of PHDW SHU FDSLWD LV  WLPHV $ERXW  RI WKH ZRUOG¶V ÀD[ FURSV DUH DQGWLPHVKLJKHUWKHPDQXIDFWXUHRIJUDLQ JURZQLQ%HODUXV%HODUXVLVDWRS¿YHFRXQWU\ LVWLPHVDQGWLPHVKLJKHUUHVSHFWLYHO\ DPRQJWKHZRUOG¶VÀD[¿EHUPDQXIDFWXUHUV 7KH FRXQWU\ DFFRXQWV IRU  RI WKH JOREDOH[SRUWRIPLONRIEXWWHUH[SRUW Useful links: DQGRIFKHHVHH[SRUW%HODUXVLVDWRS Ministry of Agriculture and Food of the Republic of Belarus H[SRUWHURIGDLU\SURGXFWVLQWKHZRUOGDORQJ www.mshp.minsk.by ZLWK $XVWUDOLD 1HZ =HDODQG %UD]LO DQG Belarusian State Concern of Food Industry $UJHQWLQD www.bgp.by/ru %HODUXVLVUDQNHG¿UVWLQWHUPVRISHUFDSLWD Belarusian Chamber of Commerce and Industry production of potato and is one of the major www.cci.by National Agency of Investment and Privatization potato producers in the world. www.investinbelarus.by

29 Economy Transport and logistics

Belarus is a major transport corridor of Eurasia. The transportation infrastructure of %HODUXVLVUHSUHVHQWHGE\DEURDGQHWZRUN of motorways, railways, airlines. Every year RYHUPLOOLRQWRQHVRI(XURSHDQFDUJRHV DUH WUDQVSRUWHG YLD %HODUXV$ERXW  RI WKHFDUJRHVDUHWUDQVSRUWHGEHWZHHQ5XVVLD DQGWKH(XURSHDQ8QLRQ7KHWHUULWRU\RIWKH country is crossed by two out of ten cross- (XURSHDQWUDQVSRUWDWLRQFRUULGRUV %HUOLQ±0LQVN±0RVFRZ +HOVLQNL±0RJLOHY±%XFKDUHVW Transit of goods via Belarus is fast and secure. Transport services are rendered by railway, automobile, air, inland water, and pipeline transport operators. Geographical location of Belarus favors the deployment of logistics centers along the routes used to transport cargoes between (XURSHDQG$VLD

7KH FRXQWU\ KDV ZRUNHG RXW D ODUJH scale program to guide the development of WKH ORJLVWLFV V\VWHP XQWLO 7KH SURJUDP envisages the construction of 50 logistics FHQWHUV LQFOXGLQJ  WUDQVSRUW DQG ORJLVWLFV centers with the consequent processing of products as an option.

Useful links: Ministry of Transport and Communications of the Republic of Belarus www.mintrans.gov.by Belarusian Chamber of Commerce and Industry www.cci.by National Agency of Investment and Privatization www.investinbelarus.by

30 Economy Banking system

7KH EDQNLQJ V\VWHP RI WKH 5HSXEOLF RI 7KHPDLQDJHQF\RIWKHVWRFNPDUNHWRIWKH Belarus has two levels. It consists of the 5HSXEOLFRI%HODUXVLVWKH%HODUXVLDQ&XUUHQF\ 1DWLRQDO%DQNRIWKH5HSXEOLFRI%HODUXVDQG DQG6WRFN([FKDQJH RWKHUEDQNV The country has a well-developed 7KH 1DWLRQDO %DQN RI WKH 5HSXEOLF RI information and analytical system, covering the %HODUXVLVWKH¿UVWOHYHORIWKHEDQNLQJV\VWHP results of the circulation of securities issued in of the country. It performs the following the country, information about the activities of IXQFWLRQV VWDWH UHJLVWUDWLRQ DQG UHJXODWLRQ the issuers and participants of the securities RIWKHEDQNV¶DFWLYLWLHVOLFHQVLQJRIEDQNLQJ PDUNHWQHZVRIWKHVWRFNDQG¿QDQFLDOPDUNHWV regulation of credit relations and monetary RIWKH5HSXEOLFRI%HODUXV circulation, determination of the settlement Useful links: SURFHGXUHDQGWKHH[FOXVLYHULJKWIRUFXUUHQF\ National Bank of the Republic of Belarus HPLVVLRQ 7KH 1DWLRQDO %DQN LV UHVSRQVLEOH www.nbrb.by for cooperation with the International Ministry of Finance of the Republic of Belarus Monetary Fund, and also forms part of the www.min¿n.gov.by Ministry of Economy of the Republic of Belarus *URXS RI %DQNLQJ 6XSHUYLVRUV IURP &HQWUDO www.economy.gov.by DQG (DVWHUQ (XURSHDQ &RXQWULHV ± %6&(( Republican Central Securities Depository Group. of the Republic of Belarus $VRI$SULOWKHEDQNLQJVHFWRURI www.centraldepo.by Belarusian Chamber of Commerce and Industry %HODUXVFRPSULVHGFRPPHUFLDOEDQNV7KH www.cci.by RYHUDOOFDSLWDORI%HODUXVLDQEDQNVDPRXQWHG National Agency of Investment and Privatization WRPLOOLRQUXEOHV www.investinbelarus.by

The countries of origin of the foreign capital in the banking system of Belarus are Austria, Cyprus, Czech Republic, Great Britain, Iran, Ireland, Kazakhstan, Latvia, Luxembourg, the Netherlands, Russia, USA, Ukraine, Switzerland, and others.

31 Economy Food industry

.H\ H[SRUW SURGXFWV DUH PLON DQG GDLU\ Belarusian Chamber of Commerce and Industry SURGXFWV   PHDW DQG PHDW SURGXFWV www.cci.by   FDVHLQ   HJJV   7KH National Agency of Investment and Privatization www.investinbelarus.by VKDUH RI IRRG SURGXFWV LQ WRWDO H[SRUWV KDV LQFUHDVHGIURPWRRYHUWKHODVW¿YH years. Belarusian food products are supplied to 50 countries worldwide. The largest importers DUH 5XVVLD 8NUDLQH 3RODQG *HUPDQ\ .D]DNKVWDQ/LWKXDQLD0ROGRYD Promising trends in attracting investments are: t
increase of the production capacity for products with longer shelf life; t
manufacture of narrow-niche products – in cheese and meat industries; t
H[SDQGLQJ FDSDFLWLHV IRU SURFHVVLQJ FKHHVHDQGPLONZKH\XVLQJELRWHFKQRORJLFDO methods; t
FUHDWLRQRI©VKRFNªIUHH]LQJFRPSOH[HV for berries and mushrooms, as well as various treatment technologies for vegetables and fruits.

Useful links: Ministry of Agriculture and Food of the Republic of Belarus www.mshp.minsk.by Belarusian State Concern of Food Industry 32 www.bgp.by/ru 33 Economy Light industry

Light industry in Belarus accounts IRU ± RI WKH WRWDO SURGXFWLRQ of non-food goods. There are about 500 light industry enterprises in the republic, producing over 5,000 product names. Belarusian light industry is passing through a period of PRGHUQL]DWLRQ D QXPEHU RI NH\ enterprises are investing in the replacement of production equipment with the view of releasing PRUHFRPSHWLWLYHSURGXFWV$QDFWLYH The main activity of sewing industry search for investors for the re-equipping enterprises is sewing suits and outerwear, RI SODQWV XSGDWLQJ PDUNHWLQJ SROLF\ DQG FKLOGUHQ¶V FORWKLQJ XQGHUZHDU KDWV DQG ZRUNLQJ RQ WKH LPDJH RI WKH SURGXFW DUH fur items. The largest sewing factories in being carried out. Knitting enterprises %HODUXVKDYHD©SRUWIROLRªRIH[SRUWEUDQGV DUH UHFNRQHG DPRQJ WKH PRVW SURPLVLQJ ZKLFKDUHH[SRUWHGQRWRQO\ZLWKLQWKH&,6 areas for investment. The strength of the EXW DOVR WR WKH &]HFK 5HSXEOLF 'HQPDUN Belarusian light industry in attracting foreign *UHDW%ULWDLQWKH1HWKHUODQGV3RODQGWKH investments consists in good raw materials 86$ base, as well as cheap labour force. Footwear industry enterprises tend The textile industry is regarded as the to improve the quality of raw materials and largest in production volume. The segment reduce the level of import capacity. FRPELQHVWKHSURGXFWLRQRIDOONLQGVRIIDEULFV The establishment of the Belarusian NQLWZHDUIHOWLQJDQGRWKHUSURGXFWV IDVKLRQ LQGXVWU\ WDNHV SODFH QRZDGD\V The knitting industry focuses on the together with the rapid development of SURGXFWLRQRINQLWZHDUNQLWWHGIDEULFKRVLHU\ RXU FRXQWU\¶V HFRQRP\ %HODUXV )DVKLRQ and other products. :HHN ZKLFK IRU WKH ODVW QLQH VHDVRQV has been successfully representing the Belarusian fashion on the international arena, and the republican fashion and SKRWR FRQWHVWIHVWLYDO ©0LOO RI )DVKLRQª stand out among many emerging projects in this sphere.

Useful links: Belarusian State Light Industry Concern www.bellegprom.by Ministry of Trade of the Republic of Belarus www.mintorg.gov.by Belarusian Chamber of Commerce and Industry www.cci.by National Agency of Investment and Privatization 34 www.investinbelarus.by Economy Forestry, woodworking, pulp and paper industry

regard, as well as due to the fact that there is )RUHVWIXQGLVRYHUPLOOLRQKD D VLJQL¿FDQW SURSRUWLRQ RI ORZYDOXH VRIWZRRG )RUHVWFRYHUPDNHV timber and thinners which are unclaimed on 7RWDOVWRFNRIIRUHVWVWDQGVLVHVWLPDWHGDW WKHGRPHVWLFPDUNHWLWLVSODQQHGWRDFFHOHUDWH ELOOLRQP. the development of the production of pulp and $QQXDOZRRGLQFUHPHQWPDNHVPLOOLRQP. paper. )RUHVW FRYHU SHU FDSLWD LV  KD ZRRG  VWRFNSHUFDSLWDLVP . Useful links: Ministry of Forestry of the Republic of Belarus 'XULQJWKHODVW\HDUVWKHSHUFHQWDJHRI www.mlh.gov.by forest land of the republic has almost doubled Belarusian production and Trade Concern of Forestry, DQG UHDFKHG LWV PD[LPXP YROXPH IRU PRUH Woodworking and Pulp-and-Paper Industry www.bellesbumprom.by WKDQ\HDUV¶SHULRG Belarusian Chamber of Commerce and Industry Conscious efforts of the Belarusian wood- www.cci.by growers foster the improvement of the quality National Agency of Investment and Privatization of forest reserves. The volume of man-made www.investinbelarus.by stands is consistently growing. Furthermore, the steady enlargement of the areas with the maturing, mature and overmature forest stands is observed. ,Q%HODUXVLDQIRUHVWU\HVWDEOLVKPHQWV SURFHVVHGWKRXVDQGP of wood, which DPRXQWVDWFRPSDULQJWR ,Q  ZRRGZRUNLQJ HQWHUSULVHV SURGXFHG  WKRXVDQG P of sawn timber  FRPSDULQJ WR   LQFOXGLQJ WKRXVDQGPRIVDZQOXPEHU WR WKHOHYHORI  7KH SURGXFWLRQ YROXPH RI ZRRGZRUNLQJ HQWHUSULVHV KDV LQFUHDVHG E\  IURP %<5WR%<5PLOOLRQ  The cost-effectiveness of the produced JRRGVLQPDGHZLWKSODQQHGLQFUHDVH RI

The pulp and paper industry of Belarus SURGXFHVDERXWPLOOLRQWRQVRISDSHUDQG DERXW  PLOOLRQ WRQV RI FDUGERDUG DQQXDOO\ SDUWRIWKHSURGXFWVDUHH[SRUWHG Imported pulp and waste paper is used as raw material. Despite the growing production volumes of the Belarusian enterprises, the level of import of paper in the republic remains high. In this 35 Economy Tourism

7KHQXPEHURIRUJDQL]HGYLVLWVZDV the site of the former pagan temple, and biblical WKRXVDQGLQ IUHVFRHVRI6W6WDQLVODXV&DWKHGUDOLQ0RJLOHY )URP&,6VWDWHV±WKRXVDQGYLVLWVRI ZKLFKIURP5XVVLD±WKRXVDQG8NUDLQH± Therapeutic tourism WKRXVDQG ,QVDQDWRULXPKHDOWKUHVRUWDQG $PRQJWKHQRQ&,6FRXQWULHVWKHODUJHVW health improvement facilities were functioning number of visitors came from Germany, Italy, in Belarus. /DWYLD /LWKXDQLD 3RODQG 8QLWHG .LQJGRP  WKRXVDQG JXHVWV ZHUH DQG7XUNH\,QWKHVHFRXQWULHVPDGHXS accommodated.  RI WRWDO WRXULVW DUULYDOV IURP QRQ&,6 countries. Belarus offers great health-improving $YHUDJHGXUDWLRQRIVWD\LVGD\V opportunities at sanatoriums and spas for people wishing to spend their holiday with $ QXPEHU RI ODUJHVFDOH QDWXUH SURWHFWLRQ EHQH¿WWRWKHLUKHDOWK SURMHFWVDUHUHDOL]HGLQWKHUHSXEOLF7KHUHDUH¿YH Belarusian health resorts are located in QDWLRQDOSDUNVLQ%HODUXVSURWHFWHGE\WKHVWDWH WKHPRVWSLFWXUHVTXHFRUQHUVRIWKHFRXQWU\LQ 1DWLRQDO SDUNV HQMR\ JRRG RSSRUWXQLWLHV SLQHIRUHVWVRQWKHEDQNVRIULYHUVDQGODNHV for the development of ecotourism. There ZKHUHQDWXUHLWVHOILVEHQH¿FLDO%HODUXVHQMR\V are various tourist routs, ecological paths, a moderate continental climate with mild winter multi-day specialized ecotours, aiming at DQGZDUPVXPPHUWKHUHDUHW\SHVRIPLQHUDO observing wild animals and birds in their ZDWHUVSULQJVZKLFKPDNHVLWSRVVLEOHWRKDYH natural environment, nature museums, hunting a rest in Belarus all the year round. tours in subordinate hunting farms, as well as MRLQW VFLHQWL¿F UHVHDUFK RI QDWXUH KDELWDW DQG Hotel «Minsk» ecosystem. 1H]DYLVLPRVWL$YH 3KRQH Rural tourism KRWHOPLQVN#SPUEJRYE\ The number of tourists who made use of ZZZKRWHOPLQVNE\ DJURHFRWRXULVP VHUYLFHV LQ  ZDV  t
four-star hotel located in the very heart WKRXVDQGPRUHWKDQLQ of the Belarusian capital t
URRPVDYDLODEOH 5HODWLYHO\QHZW\SHRIWRXULVPIRU%HODUXV although the country has already succeeded LQ LW 7RGD\ RYHU  IDUPVWHDGV LQ WKH most picturesque parts of Belarus are open to Useful links: Ministry of Sports and Tourism foreign guests. of the Republic of Belarus ,W¶V DOVR SRVVLEOH WR YLVLW KRO\ SODFHV LQ www.mst.by/ru %HODUXV %HODUXV¶ PRVW UHYHUHG SODFHV LQFOXGH Belarusian Chamber of Commerce and Industry 6W(XSKURV\QH&RQYHQWLQ3RORWVNWKH&KXUFK www.cci.by National Agency of Investment and Privatization RI WKH 5HVXUUHFWLRQ RI &KULVW LQ %UHVW WKH www.investinbelarus.by 5RPDQ&DWKROLF&KXUFKLQ1RYRJUXGRNEXLOWRQ

36 Economy IT industry

In the past several years Belarus has $FFRUGLQJ WR WKH *OREDO 6HUYLFHV earned the reputation of a leading IT country in UDWLQJWKH5HSXEOLFRI%HODUXVUDQNHV WKH(DVWHUQ(XURSH$PRQJWKHSUHUHTXLVLWHV thDPRQJWKHOHDGLQJFRXQWULHVLQWKH RIVXFFHVVIXOGHYHORSPHQWWKHUHDUH sphere of IT outsourcing and high-tech education system, training specialists in services. the sphere; Three companies with Belarusian roots high-quality IT professionals; HQWHUHG WKH WRS RI WKH ZRUOG ODUJHVW reasonable prices for IT-services, ideal companies in this sphere. price performance ratio. %HODUXVUDQNVthLQWKH,7UDQNLQJRIWKH %HVLGHVWKH+L7HFK3DUN +73 KDVEHHQ 812 established in the country, providing special business environment for IT business. The Useful contacts: Hi-Tech Park 3DUNPDLQO\VSHFLDOL]HVLQWKHGHYHORSPHQWDQG www.park.by assimilation of information and communication Ministry of Communications and Informatization technologies and software for the domestic of the Republic of Belarus DQG IRUHLJQ PDUNHWV ,WV DFWLYLWLHV LQFOXGH www.mpt.gov.by/ru KLJKWHFKDUHDVUDQJLQJIURPWKHFUHDWLRQ Belarusian Chamber of Commerce and Industry www.cci.by of materials for micro- and nanoelectronics to National Agency of Investment and Privatization DLUFUDIWURFNHWVDQGVSDFHWHFKQRORJLHV www.investinbelarus.by 37 38 Regional opportunities Regional opportunities 7KHWHUULWRU\RIWKH5HSXEOLFRI%HODUXVLVGLYLGHGLQWRVL[UHJLRQV

Gomel Grodno Mogilev 9LWHEVN City of Brest region 0LQVNUHJLRQ region region region region 0LQVN WKRXVDQG WKRXVDQG WKRXVDQG WKRXVDQG WKRXVDQG WKRXVDQG VTNP $UHD VTNP VTNP VTNP VTNP VTNP VTNP

    WKRXVDQG WKRXVDQG WKRXVDQG thousand thousand thousand thousand 3RSXODWLRQ persons persons persons persons persons persons persons 8UEDQSRSXODWLRQ        Economically        active population

      thousand thousand thousand thousand thousand thousand $JULFXOWXUDOODQG – hectares hectares hectares hectares hectares hectares       39 Regional opportunities Brest region

Production: incandescent lamps, forming machines, OLPLWHGVZLQJ VKRYHOV HOHFWULF FRRNHUV household electric appliances for heating and FRRNLQJFKLSERDUGFRWWRQIDEULFV $JULFXOWXUH VSHFLDOL]HV LQ WKH SURGXFWLRQ RI PHDWPLONSRWDWRFRUQVXJDUEHHWDQGYHJHWDEOHV ExporW trade and economic relations with FRXQWULHV Export products: ¿VKSURGXFWVVXJDUJDVVWRYHVIXUQLWXUH DQG RWKHU SURGXFWV PLON DQG PHDW LQGXVWU\ products. Brest region is located in the south-west Attracting investment: of the country, in the basins of the Western t
high-tech and innovative projects; %XJWKH1HPDQDQGWKH'QLHSHUERUGHUVRQ t
H[SRUWRULHQWHG DQG LPSRUWVXEVWLWXWLQJ 3RODQGDQG8NUDLQH production; Region advantages t
production and processing of agricultural t
GHYHORSPHQW RI FRQVXPHU FRPSOH[ products; processing organizations using local raw t
development of infrastructure of roadside materials; service; t
favourable climatic conditions. t
development of tourist services. Resources and mineral deposits: Useful links: construction stone, clay, sand, gravel, Brest Regional Executive Committee RLO VKDOHV EURZQ FRDO JUDQLWH FKDON JODVV www.brest-region.gov.by PDNLQJDQGPRXOGLQJVDQGWDEOHVDOWPLQHUDO Brest Branch of the BelCCI water. www.ccibrest.by

40 Regional opportunities Gomel region

Industry is the basis of the regional economy. Export Gomel region organizations cooperate ZLWKWUDGHSDUWQHUVIURPFRXQWULHVRIWKH worldwide. Export products: oil, ferrous metals and products thereof, equipment and machinery for harvesting and WKUHVKLQJ RI FURSV PLQHUDO PL[HG IHUWLOL]HUV dairy products, plastic containers, salt, polished glass. Attracting investment: t
in the region there are enterprises, Gomel region is located in the south-east established with foreign capital from RI%HODUXVLWERUGHUVRQ5XVVLDDQG8NUDLQH FRXQWULHV Region advantages: t
there is a high-tech base of enterprises, t
highly-developed industrial area; RSHUDWLQJ LQ UDGLR LQVWUXPHQWPDNLQJ t
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one of the highest forest cover per cent in branches. These companies boast spacious Europe; production areas, storage facilities, t
VLJQL¿FDQW FRPSHWLWLYH PDQXIDFWXULQJ infrastructure, and a full range of engineering natural-resources, agricultural, and research- communications. and-technology potential. Useful links: Resources and mineral deposits: Gomel Regional Executive Committee RLO SRWDVVLXP DQG URFN VDOW EURZQ FRDO www.gomel-region.by SHDWFRQVWUXFWLRQDQGFDSVWRQHJODVVPDNLQJ Gomel Branch of the BelCCI DQGPRXOGLQJVDQGFKDONSODVWHUEULFNFOD\VDQG www.ccigomel.by FOD\LVKVRLOVNDROLQ Production: steel, ferrous metals, phosphate fertilizers, forage harvesters, harvesting FRPSOH[HV FRPELQH harvesters, oil and associated gas, sheet glass, wallpaper, WDEOHZDUH 5HJLRQ¶V industrial enterprises SURGXFH D VLJQL¿FDQW part of gasoline, diesel fuel, cardboard, plywood, particle board. 41 Regional opportunities Grodno region

Export: Grodno region supplies its products to the PDUNHWVRIFRXQWULHV Export products: nitrogen fertilizers, caprolactam, dairy and meat products, hosiery, furniture. Attracting investment: t
modernization of the enterprises, operating in food processing, chemical, ZRRGZRUNLQJOLJKWLQGXVWU\IXHOFRQVWUXFWLRQ and machine-building branches; t
establishment of high-tech enterprises; t
reconstruction and equipping of agricultural systems with modern technological Grodno region is located in the west machinery and equipment; RI WKH FRXQWU\ DQG ERUGHUV RQ 3RODQG DQG t
development of infrastructure for tourism Lithuania. and recreation, road service; Region advantages: t
development of transport and t
potential accumulated in chemical telecommunication systems. production; favourable climate conditions to develop Useful links: t
Grodno Regional Executive Committee agriculture and food industry. www.region.grodno.by Resources and mineral deposits: Grodno Branch of the BelCCI LURQRUHVSHDWFKDONEULFNDQGWLOHFOD\V www.grotpp.by cement raw materials, silicate sands, limestone raw materials, sand and gravel materials. Production: t
PLON DQG PHDW production, poultry farming; t
Grodno region economy specializes of agriculture; t
the area also specializes in the production of caprolactam, nitrogen fertilizers, ammonia, potato, seeders, planters and transplanters, cord tire fabric, slate, cement, tobacco products. 42 Regional opportunities Minsk region

t
largest resources of cement raw materials in the country. Resources and mineral deposits: SRWDVVLXP DQG URFN VDOW SHDW FOD\ sapropels, sand and gravel materials, iron ore, RLOVKDOHVPLQHUDOZDWHUURFNSKRVSKRULWHVHWF Production: GXPS WUXFNV SDVVHQJHU FDUV SRWDVK WLOHV SDUTXHW OHDWKHU JRRGV NQLWZHDU pasta, sugar, mineral water. The region has a developed industrial structure and close SURGXFWLRQ OLQNV ZLWK WKH LQGXVWULDO FRPSOH[ RI0LQVN Export 0LQVN UHJLRQ LV WKH FHQWUDO UHJLRQ RI WKH 0LQVNUHJLRQH[SRUWVLWVSURGXFWVWRPRUH 5HSXEOLFRI%HODUXVERUGHULQJRQDOOWKHRWKHU WKDQFRXQWULHVZRUOGZLGH regions of the country. Export products: Region advantages: potash fertilizers, dairy and meat t
developed manufacturing infrastructure; products. t
modern industrial organizations and Attracting investment: communication; t
introduction of new technologies, t
high quality of land and recreation technological equipment, which helps to resources; enhance the quality characteristics of products t
deposits of minerals unique for Belarus and services; URFNSKRVSKDWH  t
development of new products with high DGGHGYDOXHFHUWL¿HGE\PRGHUQ international standards of quality; t
maintaining and VWUHQJWKHQLQJRIWKHUHJLRQ¶VDQG FRXQWU\¶V SRVLWLRQ LQ WUDGLWLRQDO PDUNHWV RI 5XVVLD 8NUDLQH WKH (XURSHDQ 8QLRQ DV ZHOO DV WKH H[SDQVLRQ RI PDUNHWV LQ IRUHLJQ countries; t
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Useful links: Minsk Regional Executive Committee www.minsk-region.gov.by Minsk Branch of the BelCCI www.tppm.by 43 Regional opportunities Mogilev region

mowers, steel pipe, cement, slate, chemical ¿EHUVDQGWKUHDGV One of the major industrial regions of %HODUXV 7KH UHJLRQ LV D OHDGHU LQ WKH &,6 in the production of self-propelled scrapers and underground trains, agricultural trailers, passenger elevators. 0DLQDJULFXOWXUDOFURSVDUHFHUHDOV EDUOH\ U\H ZKHDW  SRWDWRHV IRGGHU FURSV ÀD[ $QLPDOEUHHGLQJVSHFLDOL]HVLQPLONDQGPHDW production. Export ,PSRUWH[SRUW RSHUDWLRQV DUH FDUULHG RXW ZLWKFRXQWULHVZRUOGZLGH Mogilev region is located in the east of Export products: WKH 5HSXEOLF RI %HODUXV DQG ERUGHUV RQ WKH WLUHV OLIWV V\QWKHWLF ¿EHUV SODVWLF 5XVVLDQ)HGHUDWLRQ containers, cement, dairy and meat products. Region advantages: Attracting investment: t
developed manufacturing infrastructure; t
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modern industrial organizations and most attractive ones for foreign investments; communication; t
companies, specializing in mechanical t
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deposits of unique for Belarus minerals FRQVWUXFWLRQWH[WLOHDQGDSSDUHOLQGXVWULHV URFNSKRVSKDWH  SUR[LPLW\WRWKH5XVVLDQWDUJHWPDUNHWV Useful links: t
Mogilev Regional Executive Committee Resources and mineral deposits: www.mogilev-region.gov.by URFN SKRVSKDWH FHPHQW UDZ PDWHULDOV Mogilev Branch of the BelCCI FKDON PDOPVWRQH FHPHQW FOD\V DQG www.cci.mogilev.by FOD\LVK VRLOV  large resources of construction and silicate sands, sand DQG JUDYHO PL[WX res, peat, sapropel, mineral water, the largest deposit of tripolit, characte- rised by high technological pro- perties. Production: elevators, pneu- matic rubber tires, 44 tractor trailers, tractor Regional opportunities Vitebsk region

Resources and mineral deposits: vast deposits of dolomite, peat, sapropel, mineral water, deposits of clay. Production: electricity, petrochemical products, machine tools, polyethylene, limestone and dolomite powder for liming acid soils, TV-sets, linen fabrics, shoes. .H\ UROH LQ WKH UHJLRQ¶V HFRQRP\ development belongs to industry. Export: 9LWHEVN UHJLRQ H[SRUWV LWV SURGXFWV WR FRXQWULHVDURXQGWKHZRUOG 9LWHEVN UHJLRQ LV ORFDWHG LQ WKH QRUWK Export products: HDVWRIWKH5HSXEOLFRI%HODUXV,WERUGHUVRQ oil products, meat and dairy products, /LWKXDQLD/DWYLDDQG5XVVLD V\QWKHWLF¿EHUVDQG\DUQVHWK\OHQHSRO\PHUV Region advantages: glass, shoes, insulated wires and cables. t
VLJQL¿FDQW ZRRG UHVRXUFHV ODUJHVW Attracting investment: amount of felling resources in the republic, establishment of new modern enterprises, which enables to actively develop the SURGXFWLRQ DQG PRGHUQL]DWLRQ RI WKH H[LVWLQJ FRQVWUXFWLRQ LQGXVWU\ ZRRGZRUNLQJ ones. DJULFXOWXUH  t
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VLJQL¿FDQW QXPEHU RI NQRZOHGJH Vitebsk Branch of the BelCCI consumptive companies. www.cci-vitebsk.by

45 Regional opportunities The city of Minsk

Export: ,PSRUWH[SRUW RSHUDWLRQV DUH FDUULHG RXW ZLWKFRXQWULHVRIWKHZRUOG Export products: 0LQVNHQWHUSULVHVH[SRUWWRIRUHLJQPDUNHWV the products manufactured both in the city and in other regions of Belarus. First of all, it concerns oil, WUDFWRUVKHDY\WUXFNVUHIULJHUDWRUVDQGIUHH]HUV Attracting investment: t
RYHU WKH ODVW ¿YH \HDUV 0LQVN KDV been a leader in the number of established organizations with foreign investment; t
priority sectors for attracting foreign investment are industrial production and 0LQVN LV D FDSLWDO RI WKH 5HSXEOLF RI projects, implementing advanced resource- %HODUXV LWV SROLWLFDO HFRQRPLF VFLHQWL¿F DQG VDYLQJ WHFKQRORJLHV ZLWK H[SRUW DQG LPSRUW cultural center. substituting orientation; City advantages: t
development of high-tech industries, t
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developed infrastructure; RSWLFDO HTXLSPHQW H[SDQVLRQ RI WKH UDQJH RI t
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46 47 Investment Investment

7KH5HSXEOLFRI%HODUXVLVDFRXQWU\ZLWK great investment potential. ,Q¿[HGFDSLWDOLQYHVWPHQWVDPRXQWHG WR%<5ELOOLRQ HTXLYDOHQWWR86 ELOOLRQ ZKLFKPDNHVFRPSDULQJWR at comparable prices. ,QYHVWPHQW UDWLR LQ WKH FRXQWU\¶V *'3 LV  $WWUDFWLRQDQGHIIHFWLYHXVHRILQYHVWPHQWV is one of the main priorities of the state investment policy of Belarus. $OO VHFWRUV RI RXU HFRQRP\ DUH RSHQ WR IRUHLJQ LQYHVWPHQWV H[FHSW WKH SURGXFWLRQRIZHDSRQVQDUFRWLFVDQGWR[LF VXEVWDQFHV  Foreign investors may set up companies in Belarus with any amount of foreign investments, in any legal form, as well as their EUDQFKHVDQGUHSUHVHQWDWLYHRI¿FHV 8QSUHFHGHQWHGPHDVXUHVRILQYHVWPHQW OLEHUDOL]DWLRQKDYHEHHQWDNHQLQ%HODUXV all the necessary legal conditions for IRUHLJQ LQYHVWRUV KDYH EHHQ FUHDWHG $OO investors are guaranteed equal, without discrimination, protection of rights and

48 Investment

legitimate interests, regardless of the form PHGLXPVL]HG FLWLHV UXUDO DUHDV WKH +L7HFK of ownership and the national status. 3DUNHWF 7D[EXUGHQIRUWKHHQWHUSULVHVZLWKIRUHLJQ Belarus continues the efforts to join the capital has been decreased. The country has  WRS FRXQWULHV ZLWK WKH PRVW IDYRXUDEOH established a system of incentives, privileges business conditions. The country has and preferences for investment activities. constantly carried out reforms aimed at the 6SHFLDO OHJDO UHJLPHV FDQ EH DSSOLHG WR liberalization of economy and improvement of investors in free economic zones, small and investment attractiveness.

49 Investment Belarus is the best place for investment

Advantageous economic and Public-private partnership geographical location in the centre The government focuses on the of Europe public-private partnership, which allows Establishing business in the territory overcoming economic contradictions of Belarus opens up the opportunity to ZKHQVWUDWHJLFREMHFWVFDQ¶WEHKDQGHG supply goods to large and fast-growing out to private ownership, but state PDUNHWVRIWKH(XURSHDQ8QLRQVWDWHV EXGJHWFDQ¶WSURYLGHWKHLUIXOO¿QDQFLQJ 5XVVLD8NUDLQHDQGRWKHU&,6VWDWHV The advantages include, along with the strategic location, the membership Progressive legislation RI %HODUXV LQ WKH &XVWRPV 8QLRQ DQG Belarus has created an effective WKH &RPPRQ (FRQRPLF 6SDFH RI OHJDO IUDPHZRUN IRU WKH LQYHVWPHQW 5XVVLD%HODUXVDQG.D]DNKVWDQ business underpinned by international treaties and the national legislation.

Political, social and economic Competitive investment and stability taxation conditions t
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political predictability regimes in Belarus which can be of t
friendly relations with the use for foreign companies, including neighboring countries IURPWKHSRLQWRIYLHZRIWKHLUWD[DWLRQ planning and optimization. They include VSHFLDO EHQH¿FLDO EXVLQHVV FRQGLWLRQV High living standards in the case of organizing business Belarus is one of the countries with ZLWKLQ VL[ IUHH HFRQRPLF ]RQHV  high human development level, and it SUR¿WWD[IRU\HDUV9$7 +LJK ODFNVRQO\WKUHHUDQNLQJSRLQWVWRPDNH 7HFK3DUN SUR¿WWD[IRU\HDUV one of the countries with very high 9$7 DQGWKH%HODUXVLDQ&KLQHVH human development level. ,QGXVWULDO 3DUN  SUR¿W WD[ IRU  \HDUV  )RUHLJQ FRPSDQLHV FDQ DOVR GHULYHDGGLWLRQDOSUR¿WE\WKHPD[LPXP GHFUHDVH RI LQYHVWPHQW H[SHQVHV High educational and scientiÀ c DQG WD[DWLRQ EXUGHQ ZKLOH SODFLQJ potential their businesses in the territory of 2YHU  RI WKH UHSXEOLF¶ small and medium towns of Belarus population have higher, secondary SUR¿WWD[IRU\HDUV  RU EDVLF HGXFDWLRQ$GXOW OLWHUDF\ UDWH LV  (GXFDWLRQ LV RQH RI WKH major priorities of the socio-economic Low crime rate development of the country and ,QWKHWRWDOQXPEHURIFULPH bases on national traditions and world UHFRUGHGZDVZKLFKLVE\ OHVVWKDQLQ 50 educational tendencies. Investment

Privatization Direct access to the market of $ NH\ SUHUHTXLVLWH IRU DWWUDFWLQJ the three CES countries (Belarus, foreign investments in Belarus is the Russia, Kazakhstan) decrease in a share of the public sector Today the companies investing in and privatization of state property. %HODUXVDXWRPDWLFDOO\HQWHUWKHPLOOLRQ This ensures the rational use of PDUNHWRIWKHWKUHH&(6FRXQWULHV resources and production capacity, 7KH&(6LV LPSURYHPHQWRIWKH¿QDQFLDOVLWXDWLRQRI t
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the stability of the rights to perform of railways and automobile roads, investment activities and terminate them; gas and oil pipelines, communication t
the right to an independent choice systems, air and water routes between of action and the performance of actions industrially developed Western Europe related to the ownership, use and disposal DQGULFKLQQDWXUDOUHFRXUVHV$VLD of the objects and results of investment activity, including independent disposal of WKHUHYHQXHV SURILWV DQGIUHHWUDQVIHURI Developed export-oriented profits abroad; industry t
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getting the required information about WKH FRXQWU\¶V LQYHVWPHQW RSSRUWXQLWLHV special regimes and benefits, state programmes of industries support and GHYHORSPHQW WKH SURFHGXUH RI PDNLQJ investment decisions; t
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organization of a visit to Belarus, The services are free of charge for foreign including visa formalities; investors.

52 Investment 10 questions about starting a business

1. What projects are offered to investors? $ SRWHQWLDO LQYHVWRU FDQ VHDUFK IRU DYDLODEOH LQYHVWPHQW SURMHFWV LQ WKH 1$,3¶V GDWDEDVHRUDGGUHVVWKH$JHQF\

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Ministry of Foreign Affairs Ministry of Transport and Communications 0LQVN/HQLQD6W 0LQVN&KLFKHULQD6W 3KRQH? 3KRQH? www.mfa.gov.by www.mintrans.gov.by

Ministry of Forestry State Border Committee 0LQVN0\DVQLNRYD6W 0LQVN9RORGDUVNRJR6W 3KRQH? 3KRQH? www.mlh.by ZZZJSNJRYE\ 60 Contact information State Committee on Property Regional executive bodies 0LQVN.UDVQR]YH]GQ\ODQH 3KRQH? Brest Regional Executive Committee ZZZJNLJRYE\ %UHVW/HQLQɚ6W 3KRQH? State Committee on Standardization www.brest-region.by 0LQVN6WDURYLOHQVN\WUDNW 3KRQH? Gomel Regional Executive Committee www.gosstandart.gov.by *RPHO/HQLQ$YH 3KRQH? State Customs Committee www.gomel-region.gov.by 0LQVN0RJLOHYVND\D6W 3KRQH? Grodno Regional Executive Committee ZZZJWNJRYE\ *URGQR2]KHVKNR6W 3KRQH? State Military-Industrial Committee www.grodno-region.gov.by 0LQVN1H]DYLVLPRVWL$YH 3KRQH? Minsk Regional Executive Committee ZZZYSNJRYE\ 0LQVN(QJHOV6W 3KRQH? State Science and Technology Committee ZZZPLQVNUHJLRQJRYE\ 0LQVN$NDGHPLFKHVND\D6W 3KRQH? Mogilev Regional Executive Committee ZZZJNQWRUJE\  0RJLOHY 3HUYRPDLVND\D 6W  +RXVHRIWKH6RYLHWV 3KRQH? Belarusian Production and Trade Concern www.region.mogilev.by of Forestry, Woodworking and Pulp-and- Paper Industry Vitebsk Regional Executive Committee 0LQVN.0DUNVD6W 9LWHEVN*RJRO6W 3KRQH? 3KRQH? www.bellesbumprom.by ZZZYLWHEVNUHJLRQJRYE\

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Ukraine Embassy of the Republic of Belarus 0LQVN6WDURYLOHQVND\D6W in Canada 3KRQH? $OEHUW6W2WWDZD2QWDULRɄ3* )D[? 3KRQH )D[ United Kingdom FDQDGD#PIDJRYE\ 0LQVN.0DUNVD6W www.canada.mfa.gov.by 3KRQH? )D[? Embassy of the Republic of Belarus in the Republic of Cuba $YHWD1RH\0LUDPDU3OD\D Diplomatic missions of Belarus abroad /D+DEDQD 3KRQH Africa )D[ FXED#PIDJRYE\ Embassy of the Republic of Belarus www.cuba.mfa.gov.by in the Arab Republic of Egypt *DEHU(EQ+D\DQ6W'RNNL*L]D&DLUR Embassy of the Republic of Belarus 3KRQH in the Bolivarian Republic of Venezuela )D[ 4XLQWD &DPSDQHUD 7HUFHUD WUDQVYHUVDO HJ\SW#PIDJRYE\ FDOOH $YHOHGR  FRQ DYHQLGD  GH OD www.egypt.mfa.gov.by 8UEDQL]DFLRQ ORV &KRUURV 0XQLFLSLR 6XFUH &DUDFDV0LUDQGD Embassy of the Republic of Belarus 3KRQH in the Federal Republic of Nigeria )D[ 'HQJ;LRSLQJ6W3ORW$VRNRUR$EXMD YHQH]XHOD#PIDJRYE\ 3KRQH www.venezuela.mfa.gov.by QLJHULD#PIDJRYE\ www.nigeria.mfa.gov.by Embassy of the Republic of Belarus in the United States of America Embassy of the Republic of Belarus 1HZ+DPSVKLUH$YHQXH1: in the Republic of South Africa :DVKLQJWRQ'& +LOO6WUHHW$UFDGLD3UHWRULD 3KRQH 3KRQH )D[ )D[ XVD#PIDJRYE\ UVD#PIDJRYE\ www.usa.mfa.gov.by 64 www.rsa.mfa.gov.by Contact information Consulate General in New York Embassy of the Republic of Belarus rd $YHQXHthÀRRU1HZ

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Embassy of the Republic of Belarus Embassy of the Republic of Belarus in the Republic of India in the Kyrgyz Republic )%9DVDQW9LKDU1HZ'HOKL± %LVKNHN0RVNRYVND\D6W 3KRQH 3KRQH )D[ )D[ LQGLD#PIDJRYE\ N\UJ\]VWDQ#PIDJRYE\ www.india.mfa.gov.by ZZZN\UJ\]VWDQPIDJRYE\ 65 Contact information Embassy of the Republic of Belarus Embassy of the Republic of Belarus in the Syrian Arab Republic in the Republic of Uzbekistan 0H]]HK(DVW9LOODV4XUWDMD6W'DPDVFXV 7DVKNHQW*XO\DPRYD6W 3KRQH 3KRQH )D[ )D[ V\ULD#PIDJRYE\ X]EHNLVWDQ#PIDJRYE\ www.syria.mfa.gov.by ZZZX]EHNLVWDQPIDJRYE\ Europe Embassy of the Republic of Belarus in the Republic of Tajikistan Embassy of the Republic of Belarus 'XVKDQEH6KRWHPXU6W in the Republic of Austria 3KRQH +XWWHOEHUJVWUDVVH$:LHQ 3KRQH 3KRQH WDMLNLVWDQ#PIDJRYE\ )D[ ZZZWDMLNLVWDQPIDJRYE\ PDLO#E\HPEDVV\DW www.austria.mfa.gov.by Embassy of the Republic of Belarus in Turkmenistan Embassy of the Republic of Belarus $VKJDEDW.LSFDN6W in the Kingdom of Belgium 3KRQH $Yɟ0ROLHUH%UX[HOOHV ,[HOOHV )D[ 3KRQH WXUNPHQLVWDQ#PIDJRYE\ )D[ ZZZWXUNPHQLVWDQPIDJRYE\ EHOJLXP#PIDJRYE\ www.belgium.mfa.gov.by Embassy of the Republic of Belarus in the Republic of Turkey Embassy of the Republic of Belarus $ELGLQ'DYHU6N1RdDQND\D in the Republic of Bulgaria 3KRQH 6R¿D%OYGµ5HGXWD¶1LNROD.DUDG]RY6W )D[ 3KRQH WXUNH\#PIDJRYE\ 3KRQHID[ ZZZWXUNH\PIDJRYE\ EXOJDULD#PIDJRYE\ www.bulgaria.mfa.gov.by Consulate General in Istanbul %LUJXO 6N 7RURV YLOOD 1RE  )ORU\D Embassy of the Republic of Belarus %DNLUNR\,VWDQEXO in the Czech Republic 3KRQH 6DGN\3UDKD±7URMD )D[ 3KRQH WXUNH\LVWDQEXO#PIDJRYE\ )D[ F]HFK#PIDJRYE\ Embassy of the Republic of Belarus www.czech.mfa.gov.by in the Socialist Republic of Vietnam 65 9LHWQDP +DQRL 7D\ +R GLVWULFW Embassy of the Republic of Belarus 7R1JRF9DQ in the Republic of Estonia 3KRQH 0DJGDOHHQDE7DOOLQQ )D[ 3KRQH YLHWQDP#PIDJRYE\ )D[ www.vietnam.mfa.gov.by HVWRQLD#PIDJRYE\ www.estonia.mfa.gov.by Embassy of the Republic of Belarus in the United Arab Emirates Embassy of the Republic of Belarus $EX 'KDEL 6KDUT $UHD (DVW  3ORW  in the Republic of Finland 9LOOD1R 8QLRQLQNDWX+HOVLQNL 3KRQH 3KRQH )D[ )D[ XDH#PIDJRYE\ ¿QODQG#PIDJRYE\ 66 www.uae.mfa.gov.by ZZZ¿QODQGPIDJRYE\ Contact information Embassy of the Republic of Belarus Embassy of the Republic of Belarus in the French Republic in the Republic of Lithuania %RXOHYDUG6XFKHW3DULV 0LQGDXJR6W9LODQHLXV 3KRQH 3KRQH )D[ )D[ IUDQFH#PIDJRYE\ OLWKXDQLDHPE#PIDJRYE\ www.france.mfa.gov.by www.lithuania.mfa.gov.by

Embassy of the Republic of Belarus Embassy of the Republic of Belarus in the Federal Republic of Germany in the Republic of Moldova $P7UHSWRZHU3DUN%HUOLQ 5HSXEOLFD 0ROGRYD 0' RU &KLúLQăX 3KRQH 6W$0DWHHYLFL )D[ 3KRQH JHUPDQ\#PIDJRYE\ )D[ www.germany.mfa.gov.by PROGRYD#PIDJRYE\ Embassy Division in Bonn www.moldova.mfa.gov.by )ULW]6FKDHIIHU6W%RQQ 3KRQH Embassy of the Republic of Belarus )D[ in the Kingdom of the Netherlands JHUPDQ\ERQQ#PIDJRYE\ $QQD3DXORZQDVWUDDW%('HQ+DDJ Consulate General in Munich 3KRQH 6FKZDQVHHVWUD‰HD0QFKHQ )D[ 3KRQH QHWKHUODQGV#PIDJRYE\ www.netherlands.mfa.gov.by )D[ JHUPDQ\PXHQFKHQ#PIDJRYE\ Embassy of the Republic of Belarus in the Republic of Poland Embassy of the Republic of Belarus XO:LHUWQLF]D:DUV]DZD in Hungary 3KRQH 0DJ\DURUV]iJ%XGDSHVW$JiUGLXWE )D[ 3KRQH SRODQG#PIDJRYE\ )D[ www.poland.mfa.gov.by KXQJDU\#PIDJRYE\ Consulate in Biaáa Podlaska www.hungary.mfa.gov.by XO6LWQLFND%LDáD3RGODVND 3KRQH Embassy of the Republic of Belarus )D[ in the Italian Republic ELDODBSRGODVND#PIDJRYE\ 9LDGHOOH$OSL$SXDQH5RPD Consulate General in Biaáystok 3KRQH XO(OHNWU\F]QD%LDá\VWRN )D[ 3KRQH LWDO\#PIDJRYE\ )D[ www.italy.mfa.gov.by SRODQGELDO\VWRN#PIDJRYE\ Consulate General in GdaĔsk Embassy of the Republic of Belarus XO1RDNRZVNLHJR*GDĔVN2OLZD in the Republic of Latvia 3KRQH -Ɲ]XVED]QƯFDVLHOD5ƯJD/9 )D[ 3KRQH SRODQGJGDQVN#PIDJRYE\ )D[ ODWYLD#PIDJRYE\ Embassy of the Republic of Belarus www.latvia.mfa.gov.by in Romania Consulate General in Daugavpils %XFXUHúWL6W7XEHUR]HORUQU6HFWRU 1RYHPEUDLHOD'DXJDYSLOV/9 3KRQH 3KRQH )D[ )D[ URPDQLD#PIDJRYE\ ODWYLDGDXJDYSLOV#PIDJRYE\ www.romania.mfa.gov.by 67 Contact information Embassy of the Republic of Belarus Embassy Division in Ufa in the Russian Federation 8ID6RYHWVND\D6W 0RVFRZ0DURVHLND6W 3KRQH 3KRQH )D[ UXVVLD#PIDJRYE\ UXVVLDXID#PIDJRYE\ www.embassybel.ru Embassy Division in Yekaterinburg Embassy Division in Kaliningrad 

69 Notes

70 Notes

71 Information edition Belarus. Business partner

&RPSOLHGE\ Belarusian Chamber of Commerce and Industry

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