Belarusian Small Businesses Complain about Imperfect Laws and High Taxes (PDF/90Kb) [27/11/2003]
Rakova, E.
In market economy, each company develops its mission and strategy seeking to use its competitive advantages to gain the biggest possible segment of the market. Belarusian businesses, besides trying to increase competitiveness, dream of a higher consumer demand and a simplified institutional environment for their functioning.
Bribes and Kickbacks Haunt Belarusian Business (PDF/79Kb) [05/08/2003]
Rakova, E.
Any civilized country tries to create favorable economic and legal conditions for small and medium-sized businesses, which pay significant amounts in taxes and create new jobs. But this is not the case in Belarus.
Competent Management Can Deliver Success Even in Severe Belarusian Business Climate (PDF/89Kb) [13/04/2003]
Rakova, E.
The institutional environment and business regulations remain anti-business in Belarus. But even in extremely unfavorable conditions some companies manage not only to survive but develop and expand. The secret of their success lies in competent strategic management.
Industrial Company Directors Suffering from Administrative Dictates (PDF/71Kb) [27/03/2003]
Rakova, E.
Despite forecasts by some experts about an economic crisis coming up “any moment now,” Belarus’ GDP continues to grow, even at a higher pace than the government expects it to. Industrial output grows in a similarly quick way. Government officials are happy, while Western experts are shrugging their shoulders unable to explain the positive dynamics in a country that lacks investments in production modernization and does not carry out comprehensive economic reform. But the secret is very simple: the foreign experts do not know about mandatory forecasted growth of output.
Insubstantial Privatization Brings Insubstantial Results (PDF/84Kb) [25/02/2003]
Rakova, E.
The first and foremost purpose of privatization on the microlevel is to increase the company’s efficiency. A lack of investments and burden of excessive assets, personnel and social welfare-related obligations force the company to carry out restructuring activities, trying to meet effective demand within its own capabilities. However, a unique feature of the situation in Belarus is that privatized companies are slow in taking restructuring measures, just like state-run ones. In other words, all qualitative and quantitative changes in the indicators of the company’s operation are not a result of the change of ownership.
At Least One Hundred Regulations Need to Be Abolished to Attract Investors (PDF/88Kb) [13/02/2003]
Rakova, E.
After twelve years of reform, the Belarusian government has started an active search for investors. It wants to sell very little but earn a lot of money, reiterating that the investment climate in the country is not worse than in the neighboring countries and that companies are ready to work in the conditions of tight budgetary restrictions. This is a short summary of an Alexander Lukashenka-chaired seminar on investment policy for central and local government officials in Brest on June 19-20. However, the results of a poll conducted among 324 state and non-state industrial company directors by the Institute of Privatization and Management this spring give more evidence to the most pessimistic forecasts concerning prospects for finding strategic investors for Belarus.
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