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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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...

Success stories

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...
Orange pipes for fibre optic connection ADSL users.
With funding from the European Union, the European Bank for Reconstruction and Development (EBRD) helped Mechatronics, a telematics producer from Belarus, to enhance the effectiveness of their business processes, optimise the organisational structure and increase labour productivity by 34% per year. The EBRD helped Mechatronics, a producer of equipment for fuel level and consumption control from...
With funding from the European Union under the EU4Business initiative and Sweden, the European Bank for Reconstruction and Development (EBRD) helped Gofrobum, a woman-led manufacturer of paper and corrugated packaging from Belarus, to redevelop the company’s website and increase their client base by 39%. The EBRD helped Gofrobum redevelop its website and broaden the scope of their marketing...