30 Jul 2026 Economy
Economy
30 Jul 2026
09:00

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.