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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Success stories

DAK Farm in Belarus received support from the EU
When planning for the future of a business, it is important to rely on qualified marketing research and unbiased specialist opinion. This is what Dzmitry Krylou, the owner of DAK farm, the only breeding goat farm in Belarus, was looking for when he applied to the ‘Advice for Small Businesses’ programme implemented by the European Bank for Reconstruction and Developmen t (EBRD) as part of the...
The Public Private Dialogue (PPD) Network consortium
As an EU-funded project comes to an end, its participants stick together to form an international Consortium. At the end of 2018, the 5 th Eastern Partnership Business Forum was held in Vienna. This annual event was a little different to the norm. In addition to the traditional panels discussing important areas of development, the annual meeting of the working group of an entirely new...
Operating a successful media business in a small market is a major challenge, according to Lyudmila Chekina, CEO at TUT.BY , the leading online news portal in Belarus, which employs more than 50 editorial staff and is read by 42.9% of all Belarusian internet users. And in the case of media, success is not just measured on the balance sheet: independent media needs a sustainable business model to...