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BELARUS: Myths and truths
2011, EnglishOne president since 1994. TRUE \ FALSE \ BOTH | Alexander Lukashenko is serving his third presidential term. |
| Belarus frequently nationalizes direct foreign investments. TRUE \ FALSE \ BOTH | We are aware of only one publicized case where this claim can be made: Pinskdrev. |
| Exchanging Belarusian rubles against hard currency is difficult. TRUE \ FALSE \ BOTH | There are strict currency exchange controls, and a difficult currency market situation which allows a flourishing and “unofficial” currency market in July-September 2011. Now the individuals and
companies are free to buy currency at market rate. |
| There is an extreme administrative burden on business in Belarus. TRUE \ FALSE \ BOTH | True, but according to the World Bank reports, Belarus has made immense progress and continues to liberalise its business environment. |
| Business in Belarus is state owned. TRUE \ FALSE \ BOTH | It is estimated that 50% of the population is employed by state run industries. However, the private business sector is evolving and privatisation of the state owned companies is on the way. |
| Belarus is a dangerous, Soviet style country. TRUE \ FALSE \ BOTH | False. Minsk is a very safe and European style city. |
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