Business peciliarities in Ukraine and Bealrus
In terms of
private sector development, Belarus lags severely behind other post-socialist countries. Yet,
over the last decade, some positive dynamics have been recorded. In particular, the number
of small and medium enterprises (SMEs) per 1,000 people increased from 2.5 in 2003 to 7.2
in 2010. Still, this ratio is rather small in comparison with other post-socialist economies as
the table below illustrates.
Source: Becoming Entrepreneur in Belarus: Factors of Choice. Maryia Akulava, BEROC, 2012
Regarding the growth rates of SEs and individual entrepreneurs (IEs), the numbers leave
much to be desired. Specifically, in 2009, the number of SMEs and IEs amounted to 62,700
and 216,000 respectively, while in 2011 to 72.200 and 232,000. Therefore, despite the
efforts of the authorities to encourage the development of private initiative, the number of
SEs and IEs only increased by 15.2 and 7.4%, respectively.
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