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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News/Press

A series of rural startups from Belarus will get the chance to put their ideas into action with EU support, after being selected at the fourth Startup Weekend in Kamarova earlier this month. At the event, business ideas were presented by residents...
On 21 March, the EU presented its External Investment Plan (EIP) at a regional launch event in the Georgian capital Tbilisi. Under this plan, the EU will mobilise investments from the public and private sector from 2017 to 2020 for more than 70...

Success stories

Ludmila Antonauskaya
Ludmila Antonauskaya is a perfect example of someone defying the stereotype that women and business cannot go together. She runs several companies, is one of the TOP 100 successful businesspeople in Belarus (No. 65, but the top woman on the list), and has raised two children. Her main business – a holding company called Polimaster – is among the world leaders in the field of equipment for...
digital media
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) has helped TUT.BY MEDIA – the local market leader in the digital media industry in the country – to grow in size and diversify its client base, as well as improve its management processes and planning, entering new markets and increasing its turnover by 48%. The main...
tulips
With funding from the European Union under the EU4Business initiative, the European Bank for Reconstruction and Development (EBRD) helped Nakhodka Polesya, a tulip farm in Belarus, automate business processes and optimise their operating expenses and reporting time. The EBRD helped Nakhodka Polesya, a tulip farm, introduce an IT-solution for automating business process management, enabling them...