In 2015 Belarus moved up by 13 positions in the Doing Business ranking and ranked 44th out of 189 countries, outperforming Russia and Ukraine. This is one of the strongest positions among the CIS countries.
Belarus demonstrated significant improvements in terms of conditions for starting a business, moving up by 28 lines and taking the 12th position in the ranking. Belarus also improved its positions in the rankings “Dealing with Construction Permits” (by 17 positions), “Getting Electricity” (by 59 positions), “Protecting Minority Investors” (by 37 positions), “Trading across Borders” (by 120 positions).
According to the World Bank report, Belarus has been noted for improvements in the field of labour relations regulation. For example, amendments to the Labour Code of the Republic of Belarus were introduced with regard to regulation of wages, labour arbitrations, and calculation of overtime pay.
Belarus took the 25th position – the leading position among EAEU countries – in the ranking by Doing Business in the nomination “Trading across Borders”, moving up by 120 lines and leaving far behind Russia (170), Kazakhstan (122), Kyrgyzstan (83) and Armenia (29).
On 26 February 2016 the international rating agency Fitch Ratings assigned to Belarus a long-term sovereign credit rating on liabilities in foreign and local currency at “B-" and a short-term rating at “В” with “stable” outlooks. The international rating agency Standard & Poor's confirmed the long-term sovereign credit rating of Belarus at "В-" and short-term sovereign credit rating at "В" with a stable outlook. In April 2015 the international rating agency Moody`s Investors Service assigned a sovereign rating to Belarus at Саа1/В3 with a “negative" outlook.
Due to its geo-economic location, Belarus is a transport-logistics hub of Eurasian. The transportation infrastructure in Belarus is represented by a broad network of motorways, railways, airlines. The thoroughfares crossing the country are the most important component of the European transportation network. Belarus is crossed by 2 cross-European transportation corridors, according to the international classification No. II (West-East — Berlin-Warsaw-Minsk-Moscow) and No.IX (North-South— Russian-Finnish border-Vyborg-St.Petersburg-Vitebsk-Gomel-Ukraine-Moldova-Bolgaria-Greece) with branch IXB — Gomel-Minsk-Vilnius-Klaipeda-Kaliningrad.
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