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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Armenia Armenia is unlikely to have 2020 tourism season, Armenian Tourism Association states. “Keeping the positions for 3 months, the tourism sector gives up by cutting the staff”, reads the statement raising the issue of Armenia’s land border with...

Success stories

Today, Nelva has 250 employees, 14 stores and thousands of fans in Belarus, Russia and Ukraine. Deputy Director Irina Rakhmanova speaks of how the ambitions of a few students grew into a large-scale business. Her speech is filled with such passion and enthusiasm that it immediately becomes clear why this could not have been any other way. 10 years from reselling knitwear to owning a chain of...
Supporting the growth of a leading fashion retailer in Belarus Andrey and Svetlana Serikov seem like an ordinary couple, but little do people know that they are actually two of the most influential people in the fashion industry in Belarus . So influential, in fact, that they have a medal for their contribution to the development of the retail sector in the country presented to them by its...
With EU support, Belarusian start-up brings holographic images to the mass market Once considered the “Silicon Valley” of the Soviet Union, Belarus ’s technology industry is growing fast and winning worldwide recognition. More than 30,000 young designers and engineers are active on the tech scene in Minsk, a city of about two million. A great example of this flourishing talent is the work of...