Abstract
The Belarus Business Environment as Assessed by the Management of Leading Finnish Companies Operating in the Country
Highlights
Empfohlene Zitierung / Suggested Citation: Liuhto, K. (2015)
This article studies the attitudes of the directors of Finnish firms operating in Belarus on the Belarusian business environment
Bank assessment indicates that the Belarus business environment is more normal than the Western media would lead us to think
Summary
According to the National Bank of the Republic of Belarus (2014), over 60 per cent of the Belarusian inward FDI stock has been generated by the Russian firms alone. I was able to find only one relevant empirical research Even if it is not a scientific study by nature [13], it gives an idea how Western (German) firms perceived the Belarus business environment in spring of 2013. Bank assessment indicates that the Belarus business environment is more normal than the Western media would lead us to think This paradox encouraged me to conduct an empirical study among the Finnish firms, since a foreign businessman can provide a more reliable source of information than foreign journalists, who usually spend a very limited amount of time in the countries they are reporting on. The main objective of this research is to reveal how Western (Finnish) firms operating in Belarus perceive the Belarus business environment
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