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Belarus will further improve its business climate

Belarus will continue creating a favourable business climate in the country, Belarusian Prime Minister Sergei Sidorsky said as winners and laureates of the national Best Entrepreneur of the Year 2007 contest were awarded in Minsk on September 10. The Premier noted that according to Doing Business 2009, the sixth annual report published by the World Bank and IFC, the Republic of Belarus is one the world’s leaders in legal reforms meant to facilitate business operation.

Belarus has also made it to the top four regulatory reformers.

“At present we are facing new challenges – to enter the list of 30 top countries. This is why efforts to create a favourable business climate will continue,” underlined Sergei Sidorsky.

He added that these ratings fail to take into account the macroeconomic policy, infrastructure quality, currency stability and crime rate. “A lot has been done to improve these areas, therefore Belarus could rank even higher taking into consideration these criteria,” the Premier said.

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