Belarus has a more or less free market economy, you can register as a sole trader or register a limited liability company and do business there, however, my understanding is that just like in Russia the state has control of a lot of 'important'/big companies so there's a pretty large state sector in the economy. Plus Belarus still has all the social safety nets and free social services that it inherited from the USSR, such as free healthcare, free educaiton, state pensions.
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Yeah, being a free market economy (or being close to it) doesn't mean much when you as a private entrepreneur are strained by the states power and many compulsory payments that backup all the "free" services - which, ofcourse, have to be payed by someone. Same thing that bothers Belarus, can be seen in Croatia. Too bad.