1. Belarusian Internet & Belarusian Business : Extremely Short Overview Yury Zisser Founder and Chairman of TUT.BY Belarusian Portal, Deputy Chairman of Belinfocom, Association of IT & Telecom Enterprises

2. 4.14M internet users (51% of population) of age 15+. 66% broadband External Internet channels 200 Gbit/s (1.8 Gbit/s in 2006) 10.7M mobile users (penetr. 113%). 1.8M users of mob. Internet Broadband: $2/mo+, flatrates $7/mo (1 Mbit) to 39$/mo (20 Mbit) UN e-gov report: telecom infrastructure index 48 th of 106

3. DATA: UN`2012, Gemius`2011 Lithuania Internet: 68% UN: 38 & 29 Latvia Internet: 66% UN: 47 & 42 Russia Internet: 46% UN: 30 & 27 Poland Internet: 54% UN: 50 & 47 Belarus Internet penetration: 51% UN telecom index: 48 UN e-gov readiness index: 61 Ukraine Internet: 33% UN: 79 & 68

4. Top Websites by Coverage of Belarusian Users Only 20 local sites in TOP-50, 8 of them are media GEMIUS FUSION, DEC`2011

5. Yet Again: Belarus is an Internet Enemy International internet channels are state-monopolized Blacklist of sites blocked in governmental, educational and cultural institutions HTTPS protocol and some sites blocked during presidential elections in Dec 2010 KGB forced to erase VKontakte soc. net. group devoted to actions of silent protests False rumors on “penalties for visiting foreign sites since Jan 6, 2012”

6. Hi-tech park: State Preferences To Software Development Since 2005: 100+ enterprises, 12,000+ workers, minimum taxes ICT export $215M in 2011 Average ICT-salary ~$1,000/month (country average $342 in Dec 2011) AS OF JANUARY-FEBRUARY`2012

7. EPAM Systems Listed on NYSE Since Feb 8, 2012 Software Development Outsourcing Shares bullish from $12 to $16.8 Revenue $240M USD, market capitalization $700M Employees 7,000+ globally including 3,000 in Belarus SHARES INFO AS OF MARCH, 16, 2012; EMPLOYEE NUMBERS – END OF 2011

8. EU Economic Sanctions (red – current, pink – proposed) Really economy is sponsored by Putin’s Russia TOP-200 businessmen in Belarus (EJ.by)

9. The Most Significant Doing Business Obstacles in 2011 National currency devaluation by 2.6 in 2011, inflation 109% (Minstat) Legal import was paralyzed since March till September 2011

10. Since 2005, Paying Taxes is Becoming Easier DATA: Doing Business

11. Ease of Doing Business in Belarus

12. Small Business by Economy Sectors in 2010, %

13. “In your opinion, in what areas/business regulatory authorities there is the largest number of bribing and corruption?”, % (2010)

14. Foreign Direct Investment, Net Inflows (% of GDP) Data: World Bank

15. Gross Domestic Product 1990-2010 Data: World Bank

16. GDP per Capita (USD) Data: World Bank

17. Average Salary in Belarus (USD) Sources: National Statistical Committee of the Republic of Belarus (via Mojazarplata.by), Naviny.by, TUT.BY

18. Structure of Personal Income Private sector of economy: 2000-15-20%, 2011-30% (est.) Data: BELSTAT

19. Thank you! Questions Yury Zisser e-mail: zisser@tutby.com blog: www.zisser.by skype: zisser.by twitter: @yzisser facebook: Yury Zisser Read Belarusian news : www.tut.byzisser@tutby.comwww.zisser.bywww.tut.by