With its two closest neighbours on the brink of war and its largest economic partner suffering a downturn, Belarus has found itself in a delicate situation over the past 14 months. Government officials in Minsk tell Courtney Fingar how the country intends to navigate its difficult new path.
Latest articles from Belarus
The Belarusian capital of Minsk has struggled to shed its dour image, particularly when compared with eastern European tourism hotspots such as Prague and Budapest. However, the city's leader, Andrei Victorovich Shorets, is encouraging both tourists and investors to discover what is one of Europe's final frontiers for themselves.
The Belarusian economy has been hit hard by Russia’s economic problems. Sergei Roumas, chairman of the Development Bank of the Republic of Belarus, tells Andrew Wrobel how the bank's projects are largely not at risk from this downturn, and says the country still has much to offer.
Attracting investment to Belarus has been a priority in the country for a number of years. However, as the country's minister of economy, Nikolai Snopkov, told Courtney Fingar at an investment forum in London, the country can and will do better when it comes to FDI.
The Belarusian president's economic advisor, Kiryl Rudy; the minister of the economy, Nikolai Snopkov; and deputy foreign minister Aleksandr E Guryanov explain to Andrew Wrobel the advantages foreign companies will gain from investing in Belarus.
Long established as a hub of manufacturing excellence among central and eastern European countries, Belarus is now targeting Western companies as it looks to demonstrate its openness and business credentials on a global scale.
The former Soviet republics that now make up the Commonwealth of Independent States have long been a fertile ground for German investors. This association is continuing to pay dividends, with German companies reaping the benefits of doing business in countries in which others in the West are more cautious about entering.
Belarus's expertise in nanotechnology is respected in the scientific community but has yet to attract the attention of the country's private sector. Professionals in the field hope that foreign investors can help fill this gap.
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