Business climate liberalization
Belarus simplifies foreign trade conditions. For instance, registration of transactions will be carried out not of every individual annex to the foreign trade contract but of a contract as a whole. As a result the number of addresses of enterprises to the banks will reduce. Moreover, fees for bank registration of transactions will be cancelled.
The government is trying to follow the plan of simplifying business environment and improving business ratings. This mosaic-type policy is ineffective in the current circumstances however it could be beneficial in the long term with the restoration of the credibility of the economic policy and of the Belarusian authorities.
According to Belstat, in August 7,600 people were dismissed, including 4,800 civil servants. Dismissals of civil servants were due to the optimisation in the public administration by up to 30%. Some civil servants would retain their job however would lose the status of a civil servant. Vacancies on the labour market are likely to reduce in number, thanks to the optimisation, the state administration would increase wages for public servants. The payroll fund for retained employees is likely to increase and some former state employees are likely to get jobs in affiliated organizations. The optimisation of the state apparatus should complete by January 1st, 2018, and some former civil servants are likely to join the ranks of the unemployed.