Rauland: Belarus has great potential for innovative business development

Belarus has enormous potential for developing innovative business, U.S. Charge d'Affaires to Belarus Scott Rauland said at the conference, Economy of Belarus: In a Dilemma Again, on 4 November, BelTA informs.

“Belarus possesses an amazing potential to develop innovative entrepreneurship. The youth actively try themselves in setting up various startups. Right from the first day young businessmen take part in the global market of technologies,” noted Scott Rauland.

He expressed confidence that entrepreneurs and their ideas would make the basis for Belarus’ economic breakthrough. “Belarus is well-known for a high quality of its education and IT specialists. Belarusian software specialists win international contests. Belarusian IT companies take an active part in the global market. The country’s reputation on the global IT market attracts interest of international companies and investors,” said Scott Rauland.

According to him, the success of the transformation depends on the cooperation of the state, the business community and international organizations. "However, the sustainable economic development of the country rests on its internal resources, notably its human potential," he said.

Scott Rauland noted that creating the enabling environment for the development of the private sector is the basis for economic development and prosperity as business generates new ideas and implements them. "They are the first to react to changes, they create opportunities," he said. Scott Rauland stressed the importance of establishing business associations which can help the government understand the needs of business and respond more quickly to their needs.

Business associations are active in Belarus. Lately, they have become increasingly visible. The national business platform is one of the main results of their activities. This document contains the recommendations to the government as to what the business needs first of all for sustainable development, Scott Rauland said.