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Belarus’ Lukashenko abolishes “golden share” rule

Belarus’ President Alexander Lukashenko has signed ordinance #144 to abolish the “golden share” rule, which allows the government to interfere with the management of a company regardless of how large or small a stake the government has in the company or whether it controls a stake at all, provided it once was state-owned.

"We either integrate into the global network or become swallowed by others,”

says Vladimir Koryagin, head of the Minsk Union of Entrepreneurs and Employers. Here, he shares his views.

Viktor Koley: «Individual entrepreneurs have been forced into a corner»

Viktor Koley is one of the initiators of a rally of individual entrepreneurs which was held on 10 December 2007 at October Square and attracted more than 1,000 people from all over Belarus. He outlines the reasons, which brought business people onto the street, and talks about further actions on the part of individual entrepreneurs to protect their rights.

Business Cannot Thrive in a non-Market Environment

The chairman of the Belarusian Union of Entrepreneurs, Aleksandr Potupa, sees a lack of substance in the government’s measures to promote small and medium-sized business development, and he believes they are unlikely to produce the desired results. If the system is to start working, the government must adopt a political decision to liberalize the economy and conduct market reforms.

Permits: bureaucratic creativity or an objective requirement?

Any state (with any economy) needs to regulate entrepreneurial activity; the extent of such regulation depends on the economic model being employed. The author of this article began his career in the mid-1970s; he was employed by the Government of the Belarusian Soviet Socialist Republic and the Cabinet of Ministers of the Republic of Belarus for 20 years. As a young lawyer, he graduated at the top of his class yet was told that, in the workplace, he should “forget the law and be guided by the decisions of party and Government”. This remained common practice until the early 1990s. We sought guidance in government and party decisions but the Civil Code was rarely consulted – although the Labour and Penal Codes were referred to more often.

Economic and business climate reforms in Belarus

Long-term strategy for democracy building and its sustainability

Jaroslav Romanchuk, President of Scientific Research Mises Center

Business registration in Belarus: simpler, faster and cheaper

The first results of the new business registration procedure and plans for further simplification and modification of business registration conditions. The new procedure for the registration of economic entities, which introduced a “one-stop shop” principle for post-registration procedures and cut the application processing period, has been in effect since mid-2006. Nina P. Dubovik, head of the Single State Register of Legal Entities at the Belarusian Ministry of Justice, talks about the new procedure and discusses plans for the introduction of a declaratory procedure for business registration.

Small-scale Assistance

The government currently treats small and medium-scale businesses as a low-value adjunct to the juggernaut of the state-controlled economy. This explains why the measures deployed to support this sector are correct in principle, but hardly meet the requirements of entrepreneurs. This point of view was voiced by Georgiy P. Badey, head of the Kunyavskiy Union of Entrepreneurs and Employers, in an interview with our correspondent.

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