Abstract
The article provides a detailed analysis of the most significant technological factors that determine the investment climates of Belarus and Poland.
 According to the authors, the main technological determinants influencing investment decisions include: Global Innovation Rankings, R&D financing, level of introduction of advanced technology, digitalization of the economy, development of e-services and maturity of technology transfer mechanisms. The research shows, that among the factors of technological development there are both positively and negatively affecting the investment climate of the studied countries. The authors proved that despite the similar past and the commonality of a number of trends in the development of the technological environment of investment activity, Belarus fails to keep pace with Poland in the level of innovation development. This suggests that Polish investments are beneficial for Belarus not only from a financial, but also from a technological point of view.
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