Belarus is a presidential republic. In terms of political and civil liberties, Belarus ranks 3rd. Citizens in Belarus experience little to no civil liberties and political rights. Citizens are not free to express themselves and enjoy neither political freedom nor representative government. Countries with this political situation are dangerous for investment as an authoritarian government may have over-control over economic affairs. Prime Minister is Alexander Lukashenko.
According to the World Bank Group, the government effectiveness index of Belarus is -0.5. This indicates that the government of Belarus is mediocre. While some public and public services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully study the government situation in Belarus before considering any business maneuvers. In Belarus, legislative power rests with a national assembly. The Global Peace Index (GPI) for Belarus is 2,163. Legal rights strength index for Belarus is 2. Overall, it is considered rather weak – bankruptcy and collate
... show moreBelarus is a presidential republic. In terms of political and civil liberties, Belarus ranks 3rd. Citizens in Belarus experience little to no civil liberties and political rights. Citizens are not free to express themselves and enjoy neither political freedom nor representative government. Countries with this political situation are dangerous for investment as an authoritarian government may have over-control over economic affairs. Prime Minister is Alexander Lukashenko.
According to the World Bank Group, the government effectiveness index of Belarus is -0.5. This indicates that the government of Belarus is mediocre. While some public and public services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully study the government situation in Belarus before considering any business maneuvers. In Belarus, legislative power rests with a national assembly. The Global Peace Index (GPI) for Belarus is 2,163. Legal rights strength index for Belarus is 2. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in case of credit-related complications; Credit information, if any, is scarce and difficult to access. In 2013, Belarus received $103.2 million in foreign aid. In 2014, foreign aid was $125.8. Belarus is a member of the United Nations (UN). On October 24, 1945, it acceded to the United Nations on the founding date as a full member state. Belarus is one of the original UN member states that founded the organization. Belarus is a member of the World Bank.
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Politics in Belarus and how they are likely to affect your business. Belarus a Presidential republic with a Bicameral National Assembly (legislative government body). For borrowers and lenders, the strength of legal rights in Belarus is mediocre.
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