Famous Belarusian IT entrepreneur Viktor Prokopenya, who currently invests in several bang up to date projects, shares his experience in the IT industry and views on how these trends will affect Belarus and its IT sector.
Belarusian ‘masks’ sold to Facebook, Wargaming’s ‘second wind’, EPAM’s first billion, Infopark deprived of priviliges, High Tech Park’s 10 year anniversary, and Belarus as a ‘silicone valley’ — we sum up the mains events of the last year.
VP Capital, a technology-focused investment vehicle founded by Viktor Prokopenya, and Larnabel Enterprises, a company founded by the Gutseriev family to invest in the information technology sector,
In recent years, the global potash market has undergone major changes which has resulted in a shift in the market philosophy. Now the market is based on healthy competition between leading players and not on cartel agreements, which, of course, will affect a particularly important sector for Belarus: potash.
Negative foreign trade surplus is growing, putting pressure on BYN exchange rate. Exporters need the weak national currency too so experts predict further devaluation.
The government plans to diversify Belarusian exports by 2020 so that one third of the products would go to the Eurasian Economic Union, another third — to the European Union and the rest of the products to other countries.
