onal organization participation:
BSEC (observer), CEI, CIS, CSTO, EAEC, EAPC, EBRD, FAO, GCTU, IAEA,
IBRD, ICAO, ICRM, IDA, IFC, IFRCS, ILO, IMF, IMSO, Interpol, IOC,
IOM, IPU, ISO, ITU, ITUC, MIGA, NAM, NSG, OPCW, OSCE, PCA, PFP, UN,
UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
(observer)
Diplomatic representation in the US:
chief of mission: Ambassador Mikhail KHVOSTOV
chancery: 1619 New Hampshire Avenue NW, Washington, DC 20009
telephone: [1] (202) 986-1604
FAX: [1] (202) 986-1805
consulate(s) general: New York
Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affaires Jonathan
MOORE
embassy: 46 Starovilenskaya Street, Minsk 220002
mailing address: PSC 78, Box B Minsk, APO 09723
telephone: [375] (17) 210-12-83, 217-7347, 217-7348
FAX: [375] (17) 234-7853
Flag description:
red horizontal band (top) and green horizontal band one-half the
width of the red band; a white vertical stripe on the hoist side
bears Belarusian national ornamentation in red
Economy
Belarus
Economy - overview:
Belarus has seen little structural reform since 1995, when President
LUKASHENKO launched the country on the path of "market socialism."
In keeping with this policy, LUKASHENKO reimposed administrative
controls over prices and currency exchange rates and expanded the
state's right to intervene in the management of private enterprises.
Since 2005, the government has re-nationalized a number of private
companies. In addition, businesses have been subject to pressure by
central and local governments, e.g., arbitrary changes in
regulations, numerous rigorous inspections, retroactive application
of new business regulations, and arrests of "disruptive" businessmen
and factory owners. A wide range of redistributive policies has
helped those at the bottom of the ladder; the Gini coefficient is
among the lowest in the world. Because of these restrictive economic
policies, Belarus has had trouble attracting foreign investment.
Nevertheless, GDP growth has been strong in recent years, reaching
nearly 7% in 2007, despite the roadblocks of a tough, centrally
directed economy with a high, but decreasing, rate of inflation.
Belarus receives heavily discounted oil and natural gas from Russia
and much of Belarus' growth can be attributed to the re-export of
Russian oil at market prices. Trade with Russia - by far its largest
single trade partner - decreased in
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