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.

News/Press

The EU Business Climate Report 2017 was launched during the recent EU-Azerbaijan Business Forum on 8 June 2017. The survey aims to assess the current conditions for doing business in Azerbaijan, highlighting key reform achievements and remaining...
Over 500 representatives of business and government attended the EU-Azerbaijan Business Forum in Baku on 8 June. The forum was organised by the EU Delegation to Azerbaijan, in cooperation with the Azerbaijan Export and Investment Promotion...

Success stories

The EBRD’s business advisory programme, funded by the EU, helped Mark Formelle find a local marketing consultant, and they developed a brand concept and marketing plan together to raise brand awareness.
With funding from the EU, the European Bank for Reconstruction and Development (EBRD) helped a Belarussian clothes manufacturer develop brand strategy and expand its own retail chain, increasing sales by 30%. The company, Mark Formelle , established in 2009, designs, produces and distributes cotton garments, sleepwear, underwear and other specialty clothing such as thermal wear. Despite rapid...
Participants at the first East Invest investment forum.
Belarus is a country with untapped economic potential. To this end a high level forum was recently held in Vienna, bringing together Belarusian and European businesses, investors and policy makers, in order to identify opportunities and possibilities for further reform. The first East Invest investment forum , entitled ‘Promoting European Investments in Belarus’ took place in Vienna, Austria in...
The restaurant app
SMEs can grow their businesses by accessing cutting edge innovations. For example a restaurant in the Belarusian capital Minsk has developed the country’s first mobile restaurant app with the advice and support of the EBRD. Founded in 2007, Sushi-Bar Manga has been keen to pay close attention to international trends in the restaurant business. The business was interested in using innovative...