SOCIAL, HUMANITARIAN AND ECONOMIC SITUATION IN BELARUS AT THE CURRENT STAGE OF DEVELOPMENT Belarus in International Ratings & Domestic Statistics Facts & Figures as of July 2010 The World Bank in the Investing Across Borders 2010 report reveals Belarus is on the leading edge on a few major business indicators. In particular, Belarus leapfrogged all nations across the region by how simple it is to set up a foreign company putting behind such heavyweights as the UK, US, France, Japan, as well as Austria, Spain, Ireland, Poland, Romania, the Czech Republic and Slovakia. Belarus has made great strides in securing effective access to land and by the aggregate indicators in this area is fairly compared with the EU nations, as well as the US and Canada. Belarus has also made serious headway in effective settlement of commercial disputes securing an average level in this critical field across the EU. By the aggregate indicators, Belarus yields a bit to the UK, France, Austria and the US. The report also highlights that Belarus is similar to the EU nations in terms of investment opportunities in different sectors of economy. The European Commission on Economic and Financial Affairs in the EU’s Neighbouring Economies: Emerging from the Global Crisis report says that Belarus together with Azerbaijan managed to avoid recession at a turbulent 2008-2009 period. According to report, the value of the Belarusian ruble has gone down by 30 per cent since the global economic and financial crisis unleashed, with a 34 per cent decrease in domestic currency value in Moldova and 70 per cent decrease in Ukraine. The report says that the bank system of Belarus performed better than that of Russia and Ukraine. Belarus managed to raise capitalization of its banks by up to 19 per cent and to ensure the least number of unrecoverable loans (1.7 per cent). The average economy growth in Belarus totaled 8.3 per cent for 2001-2008, with better economic performance Belarus showed in 2009 compared with the EU, Russia and Ukraine. The UNIDO in its annual industrial statistics (2008 figures) places Belarus ahead of all CIS nations and a few European countries by the manufacturing added value in value terms ($712). In 2005-2008, the MAV in Belarus notched up a 6.2 increase, with a 28.5 share in the country’s GDP. The Yale University rates Belarus 53rd in the global chart of 163 nations by how effective all these nations are in delivering their environmental policies. By this important indicator, Belarus is ahead of all CIS countries, a few EU nations, as well as the US, Republic of Korea and China. According to the National Statistical Committee of Belarus, the first half of 2010 saw a 6 per cent increase of Belarus GDP against the same period last year, with industrial production going up by nearly 9 per cent, agricultural production by over 4 per cent and commodity production by over 11 per cent. The retail turnover rose in Belarus by 15 per cent against the first six months in 2009. In January-June 2010, the foreign trade turnover of Belarus went up by 19.4 per cent, with a 27 per cent increase in exports against the same period in 2009. The real individual incomes in Belarus increased by almost 7 per cent.
Economic Development Review: Belarus 2008 (.pdf файл) |
