In March 2010 Renaissance Capital presented a comprehensive research report on Belarus economy (Belarus: Possibly the last convergence opportunity in Europe), the first such report drafted by a major investment bank in a decade. Renaissance expects to see the onset of a major privatization effort in Belarus, with Belarusian companies participating in major M&A transactions and new listings, both domestically and abroad. Furthermore, in the very near future, analysts expect a wave of debt deals to hit the markets. Belarus is set to become a part of the European capital markets, and move into sharper focus on investors' radar screens.

The Firm actively participates in Belarusian privatization efforts viewed as one of the priorities by the Government of Belarus. In 2010 Renaissance Capital was appointed Belarus' privatization advisor by the State Property Fund of Belarus.