Updated at 13:48,15-08-2017

Expert: Belarusian business is close to Norwegian and German businesses

Euroradio

Belarusian Economic Research and Outreach Center (BEROC) director Pavel Daneyko has expressed the opinion.

The World Business Week and the International Business Forum will start in Belarus in two weeks. One of the main speakers of the forum, Pavel Daneyko, will make a speech on restrictions imposed on the development of Belarusian business. The expert will mention the uniqueness of Belarusian business in his speech. According to him, two factors played a major part in creating this uniqueness– the absence of large-scale privatisation and the fact that it made a number of entrepreneurs start their business from scratch.

Secondly, the harsh macroeconomic situation in the late 1990s helped create a successful business model: export-oriented production companies. Modern Belarusian business is close to the average business in Sweden, Germany, Norway, Daneyko believes.