30
Jul 2026
Economy
Economy
President: Favorable economic situation allows Belarus to compete
President: Currently, a favorable economic situation has been created — with the right approach, we can confidently compete with everyone.
According to Lukashenko, the following conditions must be met:
1. Complete modernization, automation, and robotization — there is no way around this, we must work on it;
2. Build mutually beneficial industrial cooperation within the region and the country, seeking efficiency in every detail, even a light bulb;
3. Gradually increase localization, as transportation costs for components sometimes exceed the cost of the part itself, pushing us toward localization;
4. Prevent low-quality goods from entering our market.