Emerging Europe and the EBRD host the Outlook on Belarus conference in London

The last two years have been quite good for Belarus, as far as awareness of the country is concerned.

Belarus has been involved in the peace negotiations between Ukraine and the Russian Federation. In February 2016, the European Union lifted most of the sanctions that had been imposed more than a decade ago, citing “improving EU-Belarus relations” — and in October, the country resumed its trade dialogue with the EU. Next, in June 2019, Belarus will hold the second edition of the European Games. In the recently published World Bank’s Doing Business 2017, Belarus ranked 37th, 26 notches higher than in 2014. Continue reading Emerging Europe and the EBRD host the Outlook on Belarus conference in London

“e-Belarus”: Embracing the Internet and its Possibilities

Belarus wants to be a link between the European Union and the Eurasian Economic Union. It is using its geographic location and economic advantages to attract more foreign investors. One of the key advantages is its pool of young specialists.

Sergei Popkov, Belarusian minister of Communications and Informatisation, spoke to Nikodem Chinowski. They discussed the government’s priorities for the implementation of internet solutions to business and the rapid dissemination of internet access among young Belarusians. Continue reading “e-Belarus”: Embracing the Internet and its Possibilities

The EU Is Encouraging Belarus to Join the World Trade Organisation

Ewa Synowiec

Ewa Synowiec

Principal Advisor, Trade Directorate, EC

Belarus is the European Union’s 46th trade partner and its 3rd trading partner among the six Eastern Partnership (EaP) countries. At the same time, the EU is the second trade partner for Belarus after Russia and accounts for above one quarter of its total trade. Interestingly, Belarus has the least stabilised contractual relations with the EU, among the Commonwealth of Independent States, as the bilateral Partnership and Cooperation Agreement that was concluded in 1995, has not been ratified by the EU for political reasons. On top of that, Belarus is not a member of the World Trade Organisation (WTO) yet. Continue reading The EU Is Encouraging Belarus to Join the World Trade Organisation

Belarus US Business Relations Thrive as Conditions Improve

David Baron

David Baron

Chairman, US-Belarus Business Council

Political and economic relations between the United States and Belarus are enjoying a resurgence. Ten years ago political relations between our two countries were strained and economic relations were not what they might have been. Ten years on, American companies are now doing business in and with Belarus, at record levels and, hopefully, this is just the beginning. Continue reading Belarus US Business Relations Thrive as Conditions Improve

Belarusian Economic Recovery May Downgrade Intended Reforms for Competitiveness

David Dalton

David Dalton

Analyst, Belarus, Ukraine, Poland, EIU

The Economist Intelligence Unit (EIU) expects the Belarus economy to recover, only weakly in 2017-18, by just above 1 per cent, on average, from the protracted recession of 2015-16 which was Belarus’s first in 20 years. A modest rise in global energy prices, lifting Russian growth, will see the recently redenominated Belarusian rouble appreciate in 2017. This will encourage further disinflation, combined with weak domestic demand growth—although the rate of inflation will remain high in comparison to international figures. Continue reading Belarusian Economic Recovery May Downgrade Intended Reforms for Competitiveness

Italy and Belarus: A Relationship Based on Complementarities and History

Angelo Ilardi

Angelo Ilardi

President, Italy-Belarus Chamber of Commerce

Italy “is the homeland of the soul” — that is what Nikolai Gogol, a well-known Russian writer, said during his journey to Rome. The historical relationships between Italy and Russia, and later the USSR, are rooted the ability of Italian companies to excite the consumer and their preference for a friendly and human connection with local partners. Continue reading Italy and Belarus: A Relationship Based on Complementarities and History

The Shopping Experience Is Set To Go Global in Belarus from 2017 Onwards

Mazen Hamwieh

Mazen Hamwieh

Project Manager, RRY Capital

As an expat who has lived in Belarus, for three years now, I can say that it is not easy to shop for clothes here. There aren’t many recognisable international brands in the market and the ones that are here have only one shop in Minsk and lack in both quantity and variety, so finding your style or the right size is definitely a challenge.  Continue reading The Shopping Experience Is Set To Go Global in Belarus from 2017 Onwards

The Belarusian Banking Sector Moving Towards Modernisation Despite Some Challenges

There are 26 banks, including 21 with foreign capital, operating in Belarus and five foreign institutions have their representative offices in the country, according to the country’s National Bank. In January 2016, the banks’ aggregate registered authorised capital amounted to 4.5 billion (or €2.2 billion), having increased by 33.4 per cent  compared to 2015.

Igor Likhogrud, chairman of the board at the Moscow-Minsk Bank, spoke to Andrew Wrobel about the Belarusian banking sector, as well as his bank’s current position and future plans including the search for a strategist investor. Continue reading The Belarusian Banking Sector Moving Towards Modernisation Despite Some Challenges

Germany Is Not Letting Belarus’ Small Downturns Put it off Looking for Investment Opportunities

German companies are becoming increasingly more interested in seeking business opportunities in Belarus. Multiple conferences, bilateral meetings and trade missions organised in both countries are proving that point.

Peter Dettmar, German Ambassador to Belarus, spoke to Andrew Wrobel about the prospects for economic, societal, scientific and environmental collaboration between Europe’s largest economy and Belarus. Continue reading Germany Is Not Letting Belarus’ Small Downturns Put it off Looking for Investment Opportunities

Germany and Belarus: Thinking Globally Acting Locally

Wladimir Augustinski

Wladimir Augustinski

Head of AHK in Belarus

Despite the slowed growth of the world economy, Brexit and the other challenges of the European Union including a migration crisis and the instability of economic development in the Eurozone, associated with an increase of global risks, Germany is still the main engine of the integration process inside the EU. Germany is also one of the world’s leading FDI recipients and, according to the E&Y European Attractiveness Survey 2016 which was published in June 2016; it is the most attractive European country for investment. Continue reading Germany and Belarus: Thinking Globally Acting Locally

One Belt One Road: a Big Task for Europe

Bogdan Góralczyk

Bogdan Góralczyk

Director, Centre for Europe, Warsaw University

In autumn 2013,  the strong and charismatic Chinese leader, Xi Jinping, announced the Silk Road Economic Belt and Maritime Silk Road of the 21st Century (in short: One Belt, One Road — OBOR). The project is currently shaping up to be the largest infrastructure-based, financially supported and economically vibrant geostrategic project on the globe today.  Continue reading One Belt One Road: a Big Task for Europe

Business Opportunities in Belarus Encourage Outside Interest

Increasingly, more foreign companies are identifying business opportunities in Belarus and are setting up their offices, or investing, in the country. Torsten Merkel, CEO of Pure Energy Intelligence; Selçuk Erdoğan, Managing Partner at Ketenci Law Firm, and Galymbek Mamrayev, Deputy Chairman of the Kazakhstan Public-Private Partnership Centre, discussed the energy sector, financial services and the public private partnership mechanism, as prospective areas for development in the country.

UK Shores: the New Frontier, a View on a Series of Fortunate Events

Olexandr Kyrychenko

Olexandr Kyrychenko

Head, Russian Department, IMD Solicitors LLP

The current uncertainty which was caused by an increasingly right wing rhetoric from the UK government, has done little to quell the UK’s fears of finding ourselves out in the cold, on the world market stage, after Article 50 is finally triggered and the two-year negotiation period expires. However, we would be remiss not to appreciate the opportunities that the current situation offers. Continue reading UK Shores: the New Frontier, a View on a Series of Fortunate Events

The UK and Belarus: A Partnership to Introduce the Real Belarus to Europe

Sergei Aleinik

Sergei Aleinik

Belarusian Ambassador to the UK

Being eager to know more about Belarus, one might face a situation where certain biased clichés are what is coming first. But it pays to search further so that the real picture of what Belarus is shows up! Not only turning out to be a beautiful and hospitable country with its own history (in fact, proving to be an integral part of the overall history of Europe), but striving to earn its place in the modern highly competitive world. And that competition is a never-ending story!  Continue reading The UK and Belarus: A Partnership to Introduce the Real Belarus to Europe

The Proof of a Country’s Readiness to Attract Foreign Investors Lies in the Development of the Insurance Market

Kirill Savrassov

Kirill Savrassov

CEO, Phoenix CRetro Reinsurance

When an emerging economy starts a conscious journey towards international financial markets, in order to attract foreign investments, there are several systemic and important points to consider, especially nowadays in the modern competitive and tumultuous world.  Continue reading The Proof of a Country’s Readiness to Attract Foreign Investors Lies in the Development of the Insurance Market

Emerging Europe Live: Life in Belarus As Seen by Foreigners

Belarus is a country that an average Western European knows nothing, or very little, about. Businesses such as Viber, World of Tanks and Masquerade are only a few examples of how creative Belarusians are. Natural treasures such as Belovezhskaya Pushcha, the beautiful Braslaw lakes and finally, its great historical sights all prove that the country is definitely worth visiting.  

Emerging Europe, together with TUT.by, the largest news portal in Belarus, invited three foreigners to investigate what foreigners who live and work in Belarus say about the country: Ian Fox, Deputy Head of Mission, British Embassy, Minsk; Philipp Brunner, CEO of Stadler Belarus; Dr Klaus Baier, Team Leader, EU Most Programme, Goethe Institut and former Chairman of the German-Belarusian Economic Club. Continue reading Emerging Europe Live: Life in Belarus As Seen by Foreigners

Belarus Has To Make an Extra Effort To Change Investors’ Perceptions

After nearly a quarter of a century of development cooperation with Belarus, the World Bank’s active project portfolio has reached $1 billion. The organisation is now engaged in projects in just about all major development areas and maintains a strong policy dialogue on the country’s structural reforms’ agenda.

Young Chul Kim, the World Bank’s country manager for Belarus, talked to Andrew Wrobel about the opportunities for sustained growth that exist in Belarus and the changes the country is making in order to attract more foreign investment. They also discussed the advantages that the country has to boast about.

Continue reading Belarus Has To Make an Extra Effort To Change Investors’ Perceptions

Belarus Is Where the New Silk Road Heads For Europe

Belarusian president, Alexander Lukashenko, is off to China to meet his counterpart, Xi Jinping, during a three day visit at the end of September. “We need a breakthrough in our relations. We need to not just take relations with the People’s Republic of China to the next level, but to shift them into a new orbit. You can see that they are ready for this,” President Lukashenko said, in July, when he appointed Kiryl Rudy as the new ambassador to China. Continue reading Belarus Is Where the New Silk Road Heads For Europe

Belarus and Singapore Share the Same Factors for Economic Success

Oleg Khusaenov

Oleg Khusaenov

CEO, Zubr Capital

Singapore has become one of the most developed countries in the world, in just thirty years. Its history began when the country became an independent republic, following its ejection from Malaysia in August 1965. How did this phenomenon happen, within such a short period of time, while other countries that have regained their independence still remain comparatively poor, for example Jamaica who separated from the British Empire two years after Singapore regained independence?  Continue reading Belarus and Singapore Share the Same Factors for Economic Success

Winds of Change for Belarus’ Reinsurance Industry?

Alexander Frost

Alexander Frost

Head of Global Risk Intelligence & Data at Axco Insurance Information Services.

The longevity of Belarus’ president, Aleksander Lukashenko, owes as much to the structure of the country’s economy as it does to his sharp and often criticised leadership skills, which have resulted in a narrowing of the political space and the suppression of opposition.  Continue reading Winds of Change for Belarus’ Reinsurance Industry?

The Great Stone Industrial Park — Making Doing Business Easy in Minsk

In Minsk, construction on the new Great Stone Industrial Park, which will eventually exceed 91 sq. km, is well underway. The Park already has 13 km of internal streets, electricity, water supply, sewerage and gas and telecommunication services. On completion at the beginning of 2017, 20,000 sq. m of industrial and commercial space will be available for rent.

Belarus Has Set an Example for Others to Follow

There are about 4,300 free economic zones across the world and more are constantly being added. Belarus, with its population of close to ten million and area of slightly over 200,000, sq. km, has six regional zones. It also has the Great Stone Industrial Park which is located near the country’s capital, and which is meant to take full advantage of the One Belt One Road initiative.

Dr Mohammed Alzarooni, Chairman of the World Free Zones Organisation, based in Dubai, spoke to Eva Keller about the advantages of free zones over possible costs and about the strategic position Belarus holds in the One Belt One Road scheme. Continue reading Belarus Has Set an Example for Others to Follow

Belarus Is Making the First Steps onto the International Finance Floor

Kirill Ilinski

Kirill Ilinski

Managing Partner, Fusion Asset Management

The financial market in Belarus is not generally accepted as a lever for the economy, despite having an actively developing legislative framework and a well-established stock exchange structure. The main obstacle to attracting long-term foreign loans, in the current economic environment, is the lack of infrastructure solutions. Continue reading Belarus Is Making the First Steps onto the International Finance Floor

Encouraging SME’s Development Will Help Build Belarusian Economy

Olga Sherbina

Olga Sherbina

Head of Belarus Office, IFC

Belarus is among the world’s top countries when it comes to the ease of starting a business. In the World Bank Group’s Doing Business report of 2016, the country is ranked 12th out of 189 economies. One needs just three days to open a new business in Belarus, which is three times less than the time it took last year. Continue reading Encouraging SME’s Development Will Help Build Belarusian Economy

The Belarusian Financial Sector: An Industry in the Process of Restructuring

The key objective of the National Bank of the Republic of Belarus, today, is maintaining financial stability under the current conditions of considerable external shocks and its main challenges are: high inflation rates, national currency devaluation and the underdeveloped financial sector, including the insurance and security markets.

Taras Nadolny, First Deputy Governor of the National Bank of the Republic of Belarus, spoke to Andrew Wrobel about these challenges and also about the six-month-long denomination process that the Bank launched on July 1 2016, where they cut four zeroes off the large banknotes that Belarusian have been using for two decades.

Continue reading The Belarusian Financial Sector: An Industry in the Process of Restructuring

Belarus’s Election Tests the EU’s Global Strategy

Richard Youngs

Richard Youngs

a Senior Associate at Carnegie Europe

On September 11, Belarus is holding a parliamentary election. The EU will need to respond to this vote in a carefully calibrated manner. While the union is presently focused on other priorities, Belarus presents important geostrategic challenges that will test the EU’s ostensibly new European Neighbourhood Policy (ENP) and its global strategy. Continue reading Belarus’s Election Tests the EU’s Global Strategy

Belarus: Changing Old Ideas And Mixing With the New in Belarus’ Export Market

Hovsep Voskanyan

Hovsep Voskanyan

Chairman, German-Belarusian Economic Club

When talk turns to Belarusian exports, a popular picture emerges for most foreigners, of Belarusian vehicles — well-known timber and mighty mining trucks, time-proven tractors and chipping machines and many more. Production of the huge, state-owned manufacturers was a successful export product for many years and a symbol of the Belarusian economy. But what does the big picture of the country’s exports look like now and what are the challenges it has to overcome? Continue reading Belarus: Changing Old Ideas And Mixing With the New in Belarus’ Export Market

Belarus: On the Way to a Market Economy?

The most important thing, for Belarusian President Alexander Lukashenko is a clear vision of the country’s future. “We should specify the tasks required to ensure our strategic development. This is why we need an extremely sincere, honest and high-toned conversation,” Alexander Lukashenko said while speaking at the Fifth Belarusian People’s Congress on 22 of June, 2016, an event which takes place every fives years. Continue reading Belarus: On the Way to a Market Economy?

The Eurasian Economic Union Fails to Bring Belarus Closer to Big Brother

Valeria Kostyugova

Valeria Kostyugova

a political analyst and strategist

Belarusian President Alexander Lukashenko and members of the Belarusian Government have repeatedly and harshly criticised Moscow’s trade policy with its allies, during recent integration summits:  the Eurasian Economic Union (EEU) Summit in Astana, the Forum of Regions in Minsk and in bilateral meetings with the Russian leadership. Continue reading The Eurasian Economic Union Fails to Bring Belarus Closer to Big Brother

Brexit Makes Waves Across the European Union and Beyond

Anne-Marie Martin

Anne-Marie Martin

Chief Executive, COBCOE

When the UK’s population voted on whether to remain within the European Union in June 2016, the result was neither expected nor welcomed by chambers of commerce and business associations that are members of the Council of British Chambers of Commerce in Europe (COBCOE). In fact, just a few months earlier we polled them on whether they believed it to be in the UK’s best interests to leave the EU and 89 per cent were in favour of ‘remain’. Continue reading Brexit Makes Waves Across the European Union and Beyond

Innovation Brings Great Opportunities to the Belarusian Economy

Rumen Dobrinsky

Rumen Dobrinsky

Senior Research Associate at WIIW, Austria

The Belarusian economy has still to be discovered by many potential investors, but it is worth the effort. For one reason or another, the prevailing public perception, in the West, is somewhat prejudiced towards what is happening in Belarus. However, those business people and investors, who are ready to overcome prejudices and an unjustified bad image, may be truly rewarded for their efforts. Continue reading Innovation Brings Great Opportunities to the Belarusian Economy

Belarusian Economy on a Diet to Change its Financial Outlook

The Belarusian economy has not had the best time for the past two years, with a recession and a massive depreciation of the rouble.

Kiryl Rudy is President Alexander Lukashenko’s former economic adviser and the co-author of The Financial Diet, a book about reforming the system of public finances and rational spending of budget money. He spoke to Andrew Wrobel about the challenges that the Belarusian economy is facing now.

Continue reading Belarusian Economy on a Diet to Change its Financial Outlook

Foreign Investors: Belarus Offers Opportunities But Further Improvements Are Needed

By 2014, €15.8 billion, or over 23 per cent of Belarus’ GDP, was the foreign direct investment (FDI) stock in the country, according to UNCTAD’s World Investment Report from 2015. Foreign companies invested €1.7 billion in Belarus in 2013 alone. 2014 and 2015 saw an FDI of about €1.4 billion respectively, according to the Vienna Institute for International Economic Studies (WIIW).

Andrew Wrobel spoke to the CEOs of Austrian Velcom; Swiss Stadler; Priorbank, owned by Austrian Raiffeisen; Irish Pure Energy Intelligence and senior representatives of Austrian Kapsch and German Salamander about their experiences in Belarus.

Continue reading Foreign Investors: Belarus Offers Opportunities But Further Improvements Are Needed

Belarus: MOST Builds a Bridge to the Future

Andrea Wiktorin

Andrea Wiktorin

Head of EU Delegation to Belarus

In February 2016, the Council of the European Union decided not to extend most of the restrictive measures in regard to Belarus, as they recognised that there was an opportunity for EU-Belarus relations to develop on a more positive agenda and that progress in a variety of fields could be achieved through enhanced channels of communication. The Council also reiterated its firm commitment to strengthening the EU’s engagement with the Belarusian people and civil society and it emphasised that it attaches great importance to enhanced person-to-person contact with Belarus.  Continue reading Belarus: MOST Builds a Bridge to the Future

Will European Business and Institutions Bolster the New Trends That Have Appeared in Belarus?

Marina Borovko

Marina Borovko

Deputy Chairwoman, EBA

It’ll take at least a $1.5 worth of net foreign direct investment (FDI) to stimulate economic growth in Belarus in 2016. These words were said by Belarusian President Alexander Lukashenko, in his annual Address to the Belarusian Nation and National Assembly. A statement of this calibre would seem to be targeting European investors, given the EU Foreign Affairs Council’s decision to lift the bulk of the restrictive measures against Belarus.  Continue reading Will European Business and Institutions Bolster the New Trends That Have Appeared in Belarus?

Veni, Vidi, Vici, Or My Personal Experience of Doing Business in Belarus

Filip A.G. Vandenbroele

Filip A.G. Vandenbroele

Honorary Consul of Belgium to Belarus

Back in the year 2000, I had literally just finished a project in the HoReCa sector (the food and beverages service) in Ukraine. Twenty minutes after landing at Brussels airport, I received a call from a Belgian company. They asked if I was interested in restructuring a wood processing company in Russia. Continue reading Veni, Vidi, Vici, Or My Personal Experience of Doing Business in Belarus

FocusEconomics: Belarusian Economy to Grow in Q4 2016 and Onwards

After several quarters of recession the Belarusian economy is expected to grow by 0.2 per cent in Q4 2016.  In addition, the average annual GDP growth between 2017 and 2020 will rise to 2.4 per cent, says the outlook from FocusEconomics Consensus Forecast Belarus — May 2016, published in May this year. That growth will help GDP per capita to slightly exceed the 2014 figure of $8,029, by 2020. Continue reading FocusEconomics: Belarusian Economy to Grow in Q4 2016 and Onwards

Why Is Belarus Tech Booming?

Kanstantsin Lashkevich

Kanstantsin Lashkevich

Editor-in-Chief, dev.by

At the beginning of July, the Russian media reported on the success of two Belarusian programmers. Gennady Korotkevich and Adam Bardashevich, both students at the St Petersburg ITMO University, teamed up to win $16,000 in the finals of the VK Cup 2016. This event is widely regarded as the biggest competitive programming competition in the Russian-speaking world. Continue reading Why Is Belarus Tech Booming?

The Reality Is More Interesting Than the Misconceptions

Andrew Wrobel

Andrew Wrobel

Editor-in-Chief, Emerging Europe

At the end of October 2016, the World Bank published its “Doing Business 2017” report and ranked Belarus 37th. It also included the country in the list of the ten most-improved economies. This clearly reflects the changes the country has been going through over the last few years, and there are quite of few of them. Continue reading The Reality Is More Interesting Than the Misconceptions

From Denmark to Belarus — A Personal Experience of Business

Morten Munk

Morten Munk

Honorary Consul of Ukraine to Denmark

My very first encounter with any of the post-Soviet countries took place in the late 1970s, or in the middle of the Cold War, if you will. Back then I worked for a multinational company driving their business in the Soviet Union. I had no idea my Eastern European experience will be so useful in my future career. In 1989, I got my first assignment to relocate a manufacturing unit to Central and Eastern Europe, namely from Denmark to Poland. This project was followed by others. Out of over 100 projects, about 70 are in Ukraine but I also have a wide experience in Belarus. Continue reading From Denmark to Belarus — A Personal Experience of Business

Outsourcing in Germany: Stop Talking at and Start Talking to

Till Hahndorf

Till Hahndorf

Managing Director, BW Business Bridge

It is common knowledge that the German market for IT services is suffering from a severe shortage of IT skills. While the economy is thriving and order books are full across the production and service sectors, there’s a cap on growth in the IT industry – there are simply not enough people to fulfil all the orders. Since the IT industry is characterised by a high intensity of labour, the lack of developers, project managers, quality assurance professionals and consultants is having a severe impact. Continue reading Outsourcing in Germany: Stop Talking at and Start Talking to

HTP: Belarus’ Engineers Are Leading a Cool Revolution

Hi-Tech Park (HTP) Belarus was set up a decade ago and today, it is home to 164 IT companies whose total revenues are approaching $1 billion. Apps developed by HTP residents are used by almost 1 billion people in 193 countries across the globe.

Dr Valery Tsepkalo, director of HTP, spoke to Andrew Wrobel about the park’s growth within the first decade, as well as its residents and the fast-developing Belarusian IT sector. Continue reading HTP: Belarus’ Engineers Are Leading a Cool Revolution

The Deep Roots of Currency Crises in the Former Soviet Union

Marek Dąbrowski

Marek Dąbrowski

Co-founder & Fellow at CASE

Since the end of the 1980s, when the centrally planned Soviet economic system entered the final phase of its agony, at least five rounds of region-wide macroeconomic turbulence (which led to currency crashes) have been recorded. These include: the collapse of the Soviet monetary system (1989-1993), monetary instability and high/hyperinflation in the newly established successor states of the former Soviet Union (FSU) (1992-1995), the Russian and Commonwealth of Independent States (CIS) financial crisis of 1998-1999, fallout from the global financial crisis of 2007-2009 and the most recent crisis of 2014-2016. Furthermore, some countries have experienced individual currency crises, such as Belarus in 2000 and 2011.  Continue reading The Deep Roots of Currency Crises in the Former Soviet Union

The Belarusian Economy: The Challenges of Stalled Reforms

Rumen Dobrinsky

Rumen Dobrinsky

Senior Research Associate, WIIW

Belarus stands out as a special case in transition blending. On one hand, there are the signs of relative prosperity, the socially oriented policies and the buds of entrepreneurship and then, on the other hand, its remnants of the Communist past. Belarus has embarked on a transition path of its own, different from what is happening in other countries but still delivering a particular path to economic transformation. Continue reading The Belarusian Economy: The Challenges of Stalled Reforms

Young Well-Paid IT Specialists Are Making Belarus Known Internationally

Increasingly, more young Belarusians are choosing a career in the IT sector. In 2010, some 20,000 people had a job in the industry and that number grew to 36,000 in 2015, according to the Belarusian National Statistical Committee. Out of those, 25,000 software engineers work in companies that are residents of High Tech Park Belarus (HTP). Continue reading Young Well-Paid IT Specialists Are Making Belarus Known Internationally

Long-time Neighbours Need to Share Awareness, Plus Trade & Investment

Alexander Averyanov

Alexander Averyanov

Belarusian Ambassador to Poland

Belarus and Poland share a long common history, perhaps not as much over the six decades since the Second World War or the Great Patriotic War, but definitely throughout the centuries before that, when Belarus was part of the Grand Duchy of Lithuania which formed a union with the Kingdom of Poland.  Continue reading Long-time Neighbours Need to Share Awareness, Plus Trade & Investment

Belarusian Tech Companies Lead a Global Technological Advance in Outsourcing and Product Development

This year, Belarus was shortlisted as a top outsourcing destination of 2016, by the UK-based Global Sourcing Association (GSA). The country was also included in the Top 30 Locations for Offshore Services by Gartner. These two successes prove that Belarus has a great potential to becoming a leading IT outsourcing destination — according to Uniter’s IT Industry in Belarus 2016 report, more than 90 per cent of Belarusian companies out of almost existing 1,000 firms, developed customised software, in 2015.  Continue reading Belarusian Tech Companies Lead a Global Technological Advance in Outsourcing and Product Development