BELARUS
Country risk rating
HIGH RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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| GDP | USD 60.3bn (World ranking 78, World Bank 2020) |
| Population | 9.4mn (World ranking 95, World Bank 2020) |
| Form of state | Presidential republic |
| Head of state | Alexander Lukashenko (President) |
| Next elections | 2023, legislative |
- Well-educated and relatively cheap workforce
- Member of the Eurasian Economic Union, providing access to the Russian and Kazakh markets
- Fiscal deficit has been in moderate over the last few years
- Business-unfriendly, Soviet-style political and eco¬no¬mic system. Hardly reform progress
- International isolation. U.S. and EU sanctions
- High economic dependence on Russia, especially on energy and financial support
- Exchange rate volatility and vulnerability to sudden, sharp depreciation
- Persistently low level of foreign exchange reserves (less than two months of import cover)
- High external debt
- Highly sensitive to commodity prices
- Generally weak business environment
LATEST NEWS ABOUT BELARUS
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Public infrastructure investment: enough bang for the buck?
16 December
The recent scaling up public infrastructure investment has become an essential element of the fiscal stimulus during the recovery phase of the pandemic and promises to reverse the secular decline of capital spending.
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Social Risk Index: Leave the door open for development
15 December
Advanced Economies are generally less vulnerable to systemic social risk than Emerging Markets, and the gap between the two has widened during the pandemic.
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Jostle the colossal fossil: A path to the energy sector transition
08 December
The EU faces an implementation gap of six years in cutting greenhouse gas emissions from the energy sector by 2030.
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