Landlocked Belarus shares borders with Poland, Lithuania, Latvia, Russia and the Ukraine. While formally committed to private ownership, the government maintains a tight grip on the economy, and key industries, including telecommunications, transport and food production, remain under state control.
Opportunities exist for investors willing to look for them – the electricity sector is expanding rapidly and the government has introduced a series of tax breaks for companies working in the IT sector. The country’s capital, Minsk, is home to Hi-Tech Pillar, an industrial park hosting 250 tech companies, employing thousands of workers.
Belarus has retained its solid industrial base, and around 23% of the workforce are employed in industry. Key industries include petrochemicals, metal-cutting machine tools, tractors, trucks, earthmovers, motorcycles, televisions, synthetic fibres, fertilisers and textiles. Forests cover a third of Belarus, and logging is a major industry.
Key mineral resources include peat, clay, sand, chalk, dolomite, rock and potassium salt. Around 51% of Belarus’ workforce are employed in the Service sector.
HLB Yurisaudit has considerable experience in the provision of professional services in the market of Belarus.
Latest insights, case studies and news from across the network
The Execution Challenge for a New Decade
HLB’s Survey of Business Leaders aims to inform and stimulate the debate on how businesses are preparing for the 2020’s. Findings show CEO’s face an execution challenge in the new...
Live Webcast Launch: HLB’s Inaugural Survey of Business Leaders
Through a survey of 368 business leaders from 50+ countries, we explore the challenges and opportunities businesses face in the 2020’s. HLB CEO Marco Donzelli reveals the findings of HLB’s...
Are Business Leaders ready for the 2020’s?
As a new decade dawns, we sought out insight into how business leaders see the future through HLB’s Inaugural Survey of Business Leaders.
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation