 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.
Developed
industrial, scientific and export potential
Today, about one third of GDP is produced in the industrial complex.
Belaruskaly (potash fertilizer plant), Minsk Tractor Plant (MTZ),
Minsk Automobile Plant (MAZ), Belarusian Automobile Plant (BelAZ),
Belarusian Metallurgical Works (BMZ), Gomel Agricultural Machinery
Works (Gomselmach) and other large enterprises are the symbols of
the national industrial progress. Their production is well known
in many countries of the world.
Economics of the Republic is export-oriented by its structure and
scale of production. Today Belarus produces 30% of the world output
of heavy haulers, 15% of mineral fertilizers, 6 % of tractors.
The country associates its economic prospects with the innovation
development and mobilization of informational resources. Creation
of the High Technology Depot is in progress in Belarus, which purpose
is to develop software, information-communication and any other
technologies aimed at increase in competitive ability, attraction
of national and foreign investments to this sector. Depot residents
will be granted a number of preferences, including exemption from
profit tax, VAT tax, etc.
Highly
skilled manpower which has accumulated experience of work at modern
enterprises
450 workers in every 1000 employed in the workable sector of economy
have got higher and secondary special education. Such a high qualification
of workers could be ensured due to the personnel training system
established in this country, in particular, in such branches and
motor-car construction, construction of tractors and agricultural
machines, optics, radio electronics, precise instrument-making,
etc.
Belarus is an attractive, safe, and – which is the most important
– promising and profitable country for any foreign investments,
to which preference is given by the investors from many countries
of the world, including Russia, Switzerland, Austria, Germany, the
Netherlands, etc. Now this is for you to choose.
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