Climbing up the charts

Belarus occupied the lowly position of 82nd in the World Bank’s ‘Doing Business’ ranking just one year ago. This year it moved up to 58th position, overtaking Poland, the Czech Republic, Russia and Ukraine, among others. The country was also in the top ten of the best reformers Emil Górecki The World Bank in particular has appreciated the introduction of reforms in Belarus to encourage business activity, as well as simplifying the building permitting process, the recruitment of staff and the registering of ownership. This investor-friendly approach has been initiated by President Lukashenko, who wants Belarus to be included in the top 30 countries where it is easiest to run a business, and is a policy that requires thorough changes in the legislation covering investment operations. Last year alone, 40 different business zones were set up, making customs regulations and land legislation