1945

Over the last decade, Belarus has experienced an unprecedented period of growth while maintaining an economic model based on state planning and state enterprises. The continued sustainability of this growth is increasingly being challenged by the effects of the global economic crisis of 2008-2009 and the comparative rise in energy prices due to the gradual elimination of subsidies and their eventual alignment to world market prices. FDI inflows have traditionally been very low, discouraged by frequent policy changes and an ambiguous policy stance towards private sector development.

Countries: Belarus
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