- •Read the text about the Republic of Belarus and explain whether it occupies a favorable geographical position and what natural resources it possesses. The republic of belarus
- •1. Read the text and identify major governmental bodies and their functions. State and government structure and bodies
- •Belarus is a presidential republic.
- •Legislative Power
- •Judicial Power
- •Local Government and Self-Government
- •The structure of belarusian economy
- •Main social and economic indicators
- •Major branches of belarus economy
- •Manufacturing
- •The share of industries in the total industrial output (2018):
- •Key belarusian products
- •Production of transport vehicles
- •Manufacture of foodstuffs, beverages and tobacco products
- •Agriculture
- •Transport and logistics
- •Foreign trade
- •1. Read the text and identify the current economic trends and issues that Belarus is facing. Recent economic trends and problems
- •General information about the state
- •The china-belarus industrial park
- •Investment potential of belarus
- •1. Strategically favourable location
- •2. Direct access to the markets of eeu countries (Belarus, Russia, Kazakhstan, Armenia)
- •3. Attractive tax and investment environment
- •4. Highly developed transportation and shipping system
- •5. Unique conditions for privatization
- •6. Highly qualified personnel
- •7. Proper quality of life
5. Unique conditions for privatization
As the country is interested in stepping up the privatization process, it provides foreign companies special conditions for rapid business development. Today the government possesses nearly 70% of industrial production. Being government property most important national enterprises got timely support from the government that in result has enhanced production capabilities and competitiveness. Today in order to make national economy more effective Belarus has chosen the policy of “dotted” privatization and is going to develop mutually beneficial cooperation with leading investors. National Agency of Investment and Privatization together with the World Bank introduces such tools and methods that correspond to foremost world practice. All these enable to create more convenient and clear conditions for foreign companies in Belarus.
6. Highly qualified personnel
Belarusian people are considered to be most hard-working. Moreover, they have quite high standard of professional and basic knowledge. More than 99% of Belarusians have higher, specialized secondary or secondary education. High level of professional training along with developed non-manufacturing and manufacturing businesses allow Belarusians to work almost in all spheres — clothing manufacture, agriculture, bioengineering or developing software.
7. Proper quality of life
The UNO has published the Human Development Report 2014 and produced a list of all countries by Human Development Index where Belarus became 53rd out of 187 countries and had the lead among the countries of CIS. The cost of living, dwelling costs, costs of education and various entertaining events are far lower than in most countries of West and East Europe. Moreover, along with developed infrastructure Belarus managed to save unique eco-environment. That is why in 2014 Belarus got the best eco-index among the CIS countries.