Belarus, Russia, and Kazakhstan have signed the Eurasian Economic Union Treaty.
In line with the treaty, the Eurasian Economic Union (EEU) will become fully operational on 1 January 2015.
The metaphor “Personnel is all important” has become a cliche, but never lost its relevance. After all, in the era of modernization the pace of economic growth directly depends on the quality of human resources, including blue–collar and white–collar workers and managers. A lot has been said about the increasing gap between the education system and the labor market. Indeed, this gap is a great obstacle for modernization. The education system fails to provide as many qualified workers as needed. It is time to come to grips with this issue and rectify the existing misbalances. To this end, the Labor and Social Security Ministry has suggested improving the National Qualifications System (NQS). This will require breaking established stereotypes and will take a lot of effort, time and money. There have been numerous ideas on how to reform the NQS, but the parties have not decided yet which way to choose. However, the first steps have already been made.
Where there is demand, there will be supply. Economics has been one of the most popular disciplines in Belarus for a long time. Economic majors are offered not only by economic universities, but also technical and humanitarian universities. Is it good or bad?
There were times when a professional did not need a degree in business administration to become an executive. Things are different now. Today both state–run enterprises and private companies need educated managers in order to grow and consolidate their positions on the market.
In market economies such professionals are trained by a broad network of business schools that have well–established educational traditions, curriculums, standards and technologies. How are things with business education in Belarus? Is the country that has set a course for sustainable development of the private sector able to provide the domestic economy with well–trained professionals? These and other questions were addressed by the Belarus Economy Magazine to Director of the School of Business and Management of Technology (SBMT) of the Belarusian State University (BSU), Chairman of the Belarusian Association of Business Education, Professor Vladimir APANASOVICH.
Getting a higher professional education in western countries is a must and an absolutely logical step for all ambitious managers who want to move up the career ladder. The situation is quite different in the post–Soviet space: the CIS member states are still cautious about business schools.
In fact, people in the CIS do not quite understand the difference between higher academic education and practical skills that a person acquires and hones in a business school accredited by highly reputable international organizations. However, everything is very easy: a university can give you extensive fundamental and theoretical knowledge, while business schools will help you boost your career, develop business intuition, find your way through constantly changing global economic trends, draw up strategies and tactics in the realtime mode, analyze huge amounts of information and make flash–like no–lose decisions.
Important amendments have recently been introduced to Belarus’ laws regulating the construction sector. The amendments formalized the new rules of the game for the industry. What are the most promising lines of business in the construction industry? How will the quality of construction services be improved and what will be done to expand the export? These questions were addressed by the Economy of Belarus Magazine to Architecture and Construction Minister of Belarus Anatoly CHERNYI.
Retail and office space in Belarus was not used efficiently enough until the 2000s. The market could offer mostly Soviet–built premises and the first floors of residential houses, which could not meet the growing needs of renters and customers. However, every year this segment of commercial property welcomed more and more investors, which made the market more competitive. Today, the number of retail and office facilities under construction or in the pipeline suggests that the real estate market of Minsk will soon reach its maturity stage.
This year Belzarubezhstroy became the first–time winner of the prize. With its main motto “Export and quality go hand in hand” Belzarubezhstroy has been successfully operating in Venezuela for seven years, exploring other exotic markets and implementing investment projects in Belarus. Belzarubezhstroy Director General
Vitaly BONDARIK tells the Economy of Belarus Magazine about the company’s plans and projects.
The town of Krugloye, Mogilev Oblast, has been enjoying an increased popularity among tourists from all over Belarus. It comes as no surprise as virtually in no time this ordinary district center has turned into “little Switzerland” of Belarus with its well–developed infrastructure and scenic landscapes. The transformation was brought about by one of the best Belarusian construction companies Krugloye PMK–266 under the leadership of honorary constructor and citizen of Krugloye and Shklov Districts Nikolai PATRONCHIK.
Scientists offer their own ideas on how to improve the country’s economic performance. In collaboration with ministries, government agencies, universities and NGOs, they have come up with the country development concept for 2016–2020. The year 2016 was chosen as a starting point for a reason, as this year will mark the beginning of a new five–year period.
Belarus–Indonesia trade that skyrocketed from $1.8 million in 1995 to $130 million in 2013 demonstrates that Minsk and Jakarta have managed to find common areas of interest.
What are the niches of the Indonesian economy where Belarusian companies have managed to consolidate their positions? What reputation do Belarusian scientists have in Southeast Asia? These questions were addressed by the Economy of Belarus Magazine to Ambassador Extraordinary and Plenipotentiary of Belarus to Indonesia Vladimir LOPATO–ZAGORSKY who also represents Belarus’ interests in Malaysia, Australia, Singapore and
Seven years ago decisions were made in Belarus to go ahead with large–scale retooling of the breweries and to allow the world’s leading beer makers to access the domestic market. The brewing industry was supposed to increase its manufacturing capacity and rack up the output of Belarusian and foreign beer. However, the breweries operate at 62% of their capacity nowadays, with beer import as high as about 30% of the market. The situation definitely needs to be addressed.
Successful cooperation between the state and business is based on guarantees and support provided by the state and involvement of business in fulfilling the country’s common tasks. Today, thanks to the consistent policy to improve the business climate, the entrepreneurship sector of Belarus feels more confident and has a bigger say in the country’s economy.
One of the most fascinating examples of a private business’s contribution to the local economy is the story of Construction and Furniture Corporation ZOV.
The recent “card sanctions” of international card payment systems against Russia made many Belarusians reconsider their views on the decision of the Belarusian government to set up the country’s own card payment system 20 years ago. Today BELKART is not only a safeguard against similar troubles but also is one of the most successfully operated local payment systems in the CIS and a leading card processing system in Belarus. BELKART services 45% (or 5.4 million) of all payment cards issued in Belarus. The beginning of the year was marked by a number of innovation projects and also the advancement to the international market. BELKART Director Alexander SOTNIKOV tells the Economy of Belarus Magazine about his thoughts regarding the creation of the Russian national card payment system, the way the Belarusian system is going to grow and what everyone should take with them when going on vacation abroad.
Internet access will get a second wind with higher speeds and more versatile services. Faster Internet access will be provided via wirelines where xPON and Ethernet solutions are putting a lot of pressure on ADSL and via air that will be penetrated by LTE stations. The advance of technologies will grant new abilities to users ranging from Ultra HD resolution online broadcasts to smart homes. Competition will be tougher as local Internet service providers will be granted access to non–proprietary networks while mobile carriers will be granted access to 4G infrastructure. Benefits for end users are the driving force behind the changes. Competition for end users will become much tougher.
According to encyclopedias, the term “logistics” was introduced to Russian–language speakers in the early 19th century, although the principles of logistics had been used worldwide for many centuries. Today, the state of things with the transport and logistics industry indicates the country’s development level and has a great impact on decisionmaking of foreign investors. In order to establish an efficient logistics system, one should have a good grasp of theory and a good understanding of how the logistics industry works in practice. The development of this industry also requires a lot of money. Belarus is trying to make the most of its advantageous geographic location and is taking steady strides to promote the logistics industry. In 2008, the logistics development program was adopted for the period until 2015. How is this program implemented? Has it made much progress? What are the challenges facing the industry today? Is the domestic market attractive for foreign companies? The article will try to provide answers to these questions.
The number of users registered with the Belarusian digital road toll collection system BelToll totaled 178,200 as of 28 May. To compare: in October 2013 the figure was close to 160,000. The system has registered 156,700 vehicles with the technically permissible weight of over 3.5 tonnes and 21,600 lighter vehicles. In May the leaders by the number of registered vehicles were Belarus (52%), Russia (13%), Poland (10%), Ukraine (8.6%), and Lithuania (7%).
Minsk hosted the 18th edition of the Belarusian Industrial Forum. This international event conducted under the auspices of the Belarusian government gets bigger and better every year. In 2014 Minsk welcomed businessmen from 20 countries. The major objectives of the forum were to showcase new products, technologies and solutions of Belarusian and foreign manufacturers, organizations and research centers, to present promising investment projects and to inform potential investors about Belarus’ business climate.
Belarusian Steel Works is modernizing its production facilities against the background of tough competition on the global market.
Belarusian and Russian experts call the construction of the nuclear power plant (NPP) in Ostrovets a perfect project implemented within the framework of the Union State. There are several reasons behind it. Firstly, there has not been any single delay or setback during the construction of this sophisticated and complex energy facility, which is due to a smooth and professional teamwork of all the Belarusian and Russian companies involved in the project.
“The Union State Medicine – Shaping Future Today” was the slogan of the threeday media tour to Saint Petersburg organized for Russian and Belarusian journalists by the Union State Permanent Committee and the Komsomolskaya Pravda newspaper. The visit to the famous medical institutions – Turner Scientific and Research Institute for Children’s Orthopedics and Nikiforov All–Russia Center for Emergency and Radiation Medicine – convinced the journalists that today’s doctors have made remarkable progress in treating most complicated diseases.
Today Kletsk is a modern town and a district capital that makes a significant contribution to the economic growth and prosperity of Minsk Oblast. Kletsk District boasts Belarus’ highest yields of grain crops, sugar beet, colza and other crops. Animal husbandry and processing of farm produce are experiencing a robust growth. The efficiency of the local manufacturing industry is rising. Economic achievements and challenges facing the district are discussed in an interview with Chairman of the Kletsk District Executive Committee Gennady SOLOVEI.
These days the Central Railway Station in Minsk is a state–of–the–art building. Its comfort and functionality are on par with central stations of many European capitals.
Drivers of tourist buses have a hard time finding a free spot to park in Slonim’s center since ancient architects surely could not have anticipated the rapid advance of technologies and an inflow of idle tourists roaming the unpretentious narrow streets.
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