News/Press

Economic Policy Support Project
Boosting economic growth and increasing incomes for ordinary Belarusians are the main goals of the Economic Policy Support Project, launched jointly today by the European Union and the World Bank. “The European Union considers the economic development of Belarus as an area of common interest and supports the country’s economic progress,” said Andrea Wiktorin, Head of the EU Delegation to Belarus...
Johannes Hahn and Vladimir Makei
The European Union is intensifying its cooperation with Belarus, with financial support of €29 million, more than double the budget initially planned, European Commissioner for Neighbourhood Policy Johannes Hahn said on a visit to Minsk on 30 January. Speaking following a meeting with Foreign Minister Vladimir Makei, Hahn said they had discussed EU-Belarus relations and the importance of closer...
EBRD in Belarus
The European Bank for Reconstruction and Development (EBRD) plans to increase the financing of projects in Belarus in 2018, the Head of the EBRD Office in Belarus Alexander Pivovarsky told reporters in Minsk. “Our loan portfolio in Belarus currently makes up about €500 million. I hope it will become even bigger by the end of this year. In 2017, the volume of operations in Belarus amounted to €163...
The winners of the Start-up Weekend
A number of start-ups will receive financial support from the EU following a ‘Start-up Weekend’ held on 12 January at the School of Rural Business in Kamarova in Belarus. The Start-up Weekend saw budding entrepreneurs present their business plans in competition for financial support from an EU-funded local development project. The participants were students of the school, who were trained from...
Belarus Fund for Support of Entrepreneurship
The Belarusian Fund for Support of Entrepreneurship has announced a contest of investment projects among small businesses. Applications are accepted until 31 January 2018, and the winners will be eligible to state financial support in the form of a loan (on a reimbursable basis) and leasing of assets (finance lease). State support will be provided for investment projects to start up or develop...
GLS Bank has made its second investment in the European Fund for Southeast Europe (EFSE). With its purchase of €27.9 million in EFSE notes, the bank is continuing to join forces with EFSE to ensure access to financing for micro and small enterprises and to support low-income private households in Southeast Europe and the European Eastern Neighbourhood Region, where it operates under the...
Local Economic Development in Belarus
The European Union and UNDP have come together to launch an important new project that will support hundreds of micro, small and medium-sized enterprises (MSMEs) across Belarus over the next three years, as part of the EU4Business initiative. The project – Local Economic Development in Belarus – builds on the growing contribution made by social enterprises and is designed to ensure they can be...
Advice for Small Businesses in Belarus
Belarus' Economy Ministry and the European Bank for Reconstruction and Development (EBRD) have signed a memorandum of understanding to implement the EU4Business project on ‘Supporting small and medium-sized enterprises as the main driving force for local and regional growth – advice for small businesses in Belarus’. The BelTA news agency reported that the document was signed by Belarus Deputy...
Moldovan Prime Minister Pavel Filip and Belarus Deputy Prime Minister Mihail Rusi at the Moldovan-Belarus Business Forum.
More than 120 entrepreneurs from the Republic of Moldova and Belarus took part in the Moldovan-Belarus Business Forum, which took place in Minsk earlier this month. The participants were welcomed by Moldovan Prime Minister Pavel Filip and Belarus Deputy Prime Minister Mihail Rusi. In his speech, Pavel Filip pointed out that Belarus is among the main trading partners of the Republic of Moldova,...
Piotr Arushanyants, Director of the Entrepreneurship Department at the Belarusian Economy Ministry
On 23 November President Alexander Lukashenko of Belarus signed an ordinance on entrepreneurship development, the key document in a package of regulations designed to improve the country's business climate, according to the BelTA news agency. Piotr Arushanyants, Director of the Entrepreneurship Department at the Belarusian Economy Ministry, told BelTA that, “the ordinance is the result of the...