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

EBRD in Belarus
The European Bank for Reconstruction and Development (EBRD) plans to increase the financing of projects in Belarus in 2018, the Head of the EBRD Office in Belarus Alexander Pivovarsky told reporters in Minsk. “Our loan portfolio in Belarus currently...

Success stories

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...
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...
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...