Eurasian chemical market

The Chemical Industry of Belarus

     The Republic of Belarus is a state in the Eastern Europe bordering on Russia, Poland, Ukraine, Latvia and Lithuania. Despite of its ethnic and geographic proximity, modern Belarus is still an unsolved mystery both to its neighbours and the rest of the world. Previously, Belarus was called “an assembly-room of the USSR”. Upon acquiring independence, the country managed to maintain its industrial and business relations in the first place with the Russian economy. So what is Belarus like now? Is it a part of modern Russia or a conservation area, a kind of the Soviet park which has retained political and social relics of the past? In author’s opinion, Belarus is a country where economic achievements (the so-called Belorussian Miracle) have paradoxically interwoven with grant elements and almost total state ownership in the economy, a country with allegedly efficient domestic companies and a ghost of downfall looming on the horizon. Production output and wages in Belarus are growing with revolutionary tempos just the same as inventory in its warehouses is… Only time will tell whether the chemical industry of the country is in fact effective or it just seems to be so.

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