News/Press

EU4Business was well represented at the OECD policy seminar in Minsk, which aimed to help Belarus successfully implement its SME strategy.
The Ministry of Economy of Belarus presented its draft SME strategy at an international seminar in Minsk on 27 June. The strategy to 2030 includes proposals to improve the business environment. The Ministry of Economy also identified reform priorities in the areas of innovation, investment and export promotion. Advice from EU and EaP countries The two-day seminar, “SME strategy for Belarus:...
Participants at the East Invest 2 Annual Partner Conference 2017
21 June 2017, Kiev More than 100 business support organisations (BSOs) representatives from Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine and the EU Member States gathered in Kiev today for the final conference of the EU funded East Invest project. Participants discussed private sector's engagement in policymaking across the Eastern Partnership (EaP) countries and showcased East Invest...
The EU is to provide a further €6 million for the development of SMEs in Belarus over the next four years – with a special emphasis on innovative startups and women in business . “We would like to support innovative fledgling companies and small enterprises, and women who are engaged in business under the very good Women in Business project launched this year,” said Andrea Wiktorin, Head of the...
Belarus plans to expand SME sector
Belarus
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State programme to increase jobs in SME sector to over 41% of country’s total workforce by 2020 The Belarus Government implemented Decree No. 870 on 25 October, introducing amendments to the 2016-2020 state programme for SMEs, approved by the Decision No. 149 of the Belarus Council of Ministers of 23 February 2016. This is aimed at increasing the share of Gross Domestic Product generated by Small...
The Belarusian Ministry of Economy has approved the operational conditions for the distribution of funds that will provide lenders a guarantee for credits given to small and medium sized enterprises (SMEs). The proposed operational conditions will provide tax exempt status to all funds designated as a loan security for SMEs. The purpose of the proposal is to protect non-profit organisations,...
EBRD implements 245 SME consultancy projects
The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus that provide consultancy services to SMEs In the framework of its SME consultancy programme in Belarus, the EBRD not only provides full administrative support, but also covers up to 90% of the cost of consultancy services, thanks to donor funding from the EU and other institutions. Working...
The European Bank for Reconstruction and Development (EBRD) has launched new credit facilities worth €10 million to support sustainable energy projects and women entrepreneurs The Bank is stepping up its investments in Belarus by extending new credit lines of up to €10 million to Belinvestbank. The two credit facilities consist of an €8 million credit line under the Belarus Sustainable Energy...
New EU support for private sector development
The European Union has announced the doubling of the bilateral assistance package to Belarus to €29 million in 2016 The funding package has doubled from €14.5 million in 2015 to €29 million in 2016, with the aim of boosting private sector development and strengthening institutions in the country. Funding will be provided to strengthen private sector development (€14 million) by contributing to...