EU4BUSINESS IN BELARUS

The Belarusian economy is founded on large state-owned enterprises. SMEs account for around a fifth of GDP, below the EU average, and it has been a challenge for small privatised companies to flourish. Initiatives have though been put in place to encourage innovation and support SMEs. EU funding, channelled through EU4Business, focuses on improving access to finance and foreign markets, building business skills and encouraging entrepreneurship.

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News/Press

Launch of the third cycle of the Small Business Act for Europe (SBA) Assessment in Belarus
The launch of the third cycle of the Small Business Act for Europe (SBA) assessment took place in Minsk, Belarus on 29 May with a high-level public-private Working Group meeting under the umbrella of the Council for Entrepreneurship Development. The...

Success stories

Ludmila Antonauskaya
Ludmila Antonauskaya is a perfect example of someone defying the stereotype that women and business cannot go together. She runs several companies, is one of the TOP 100 successful businesspeople in Belarus (No. 65, but the top woman on the list), and has raised two children. Her main business – a holding company called Polimaster – is among the world leaders in the field of equipment for...
digital media
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped TUT.BY MEDIA – the local market leader in the digital media industry in the country – to grow in size and diversify its client base, as well as improve its management processes and planning, entering new markets and increasing its turnover by 48%. The main...
Orange pipes for fibre optic connection ADSL users.
With funding from the European Union, the European Bank for Reconstruction and Development (EBRD) helped Mechatronics, a telematics producer from Belarus, to enhance the effectiveness of their business processes, optimise the organisational structure and increase labour productivity by 34% per year. The EBRD helped Mechatronics, a producer of equipment for fuel level and consumption control from...