Baiba Šavriņa  
University of Latvia,
Faculty of Economics and Management, Department of International Economics and Business,
Aspazijas bulv.5, LV1050 Riga, Latvia,
Phone: 371 67034334
E-mail: baiba.savrina@lu.lv

JOINT VENTURE FORMATION INFLUENCING FACTORS WITHIN THE ASPECT OF ECONOMIC POLICY IMPLEMENTED IN BELARUS FROM EU BUSINESS PROSPECTIVE

Santa Sproģe-Rimša
Universityof Latvia,
Faculty of Economics and Management, Department of International Economics and Business,
Aspazijas bulv.5,
LV1050 Riga, Latvia,
E-mail: santa.sproge@gmail.com 

Received: December, 2012

1st Revision: March, 2012

Accepted: May, 2013

 ABSTRACT. The aim of the paper is to perform analysis from the EU business point of view about the particularities of the creation of joint ventures in the EU neighbour country Belarus. The possibilities of economic collaboration are studied in the frame of the impact of Belarus political regime on the entrepreneurship and business activities. The research is focusing on the factors influencing business environment. Even if the business environment due to the strong intervention of State in Belarus is not very favourable for the entrance of foreign investments, the main benefits for EU interests in this country are: the importance and size of this market and the possibilities to go through the Custom union to Russian and Kazakh markets, the market penetration in several sectors by joint ventures to escape the taxation charges, the potential of growth in this market.

JEL Classification: D92, L24, P2

Keywords:international investment in Belarus, international business environment in Belarus, joint venture, political regime