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.

Covid-19

News/Press

Armenia The state of emergency in Armenia is extended for 30 days till June 13, while financial and economic activities can be undertaken under specific conditions. Read More A total of 84.4 billion AMD (about US$ 175 million) have been distributed...
Belarus SMEs contribute to coronavirus pandemic fight
EBRD and donors support businesses with finance and advice. Belarus is one of many states which have been hard hit by the coronavirus pandemic. This week its toll of infected citizens reached almost 24,000, with this indicator more than 60 per cent...

Success stories

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...
EBRD and donors support cinema chain’s development Not every cinema in Belarus can boast having authentic American popcorn, Danish snacks, and Finnish candy, but Belarus’s Silver Screen is no ordinary cinema. Silver Screen is a network of cinemas in the country which is reinventing the big screen experience. It launched six years ago when its founders found a niche that could be filled in the...