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 63bn (World ranking 77, World Bank 2019) |
| Population | 9.5mn (World ranking 94, World Bank 2019) |
| 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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Race to the post Covid-19 recovery: 7 obstacles to overcome
01 April
The pace of vaccination campaigns will drive a multi-speed recovery, keeping divergence high.
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The Suez Canal ship is not the only thing clogging global trade
26 March
Supply-chain disruptions since the beginning of the year could cost USD230bn.
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Covid-19 one year on: 1.8 million additional long-term unemployed in Europe
25 February
We see a heightened risk that the cyclical labor market shock turns structural, with unemployment stabilizing at an elevated level.