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EN
Based on the analysis of the international rankings, favorable business environment indices are directly correlated with index of state competitiveness and the level of foreign investments. Despite intense reforms conducted in Belarus during past years private sector share in GDP remains below 30%. This could indicate both the nominal nature of reforms and the shortcomings of the methodology ratings. However, new reforms in the field of legislation and business environment regulation are being held in Belarus. These reforms are undertaken in the most problematic areas of business regulation, i.e. taxation, licensing and pricing. Even though they are not immensely intensifying Belorussian business environment, they are still improving it. If liberalization of Belorussian business climate continues, the country will be able to improve its competitiveness on global market for goods, services and foreign investments.
EN
The weak development of the economy, the lack of effective mechanisms for enhancing economic growth actualized the issues of support and stimulate of small business sector as a hidden locomotive of development of the national economy. In article is analyzed the impact of key informal institutions on development of small businesses, in particular cultural patterns of behavior and the level of corruption of officials. Author defined the role of the culture and mentality of population on development level of the national economy. Author analyzed the development of the small business sector, and identified the main predictors of this process, among which are the level of GDP per capita, the level of the shadow economy, the level of interest rates on borrowings, as well as the quality of institutions in the national economy.
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