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.

News/Press

Success stories

Interior café Garage Minsk
With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD) helped a network of Belarusian restaurants use business analytics and spur sales effectiveness. With funding from the European Union, the EBRD helped Café GARAGE, a local network of fast & casual restaurants to implement business intelligence (BI) system for...
software company increases its business
With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development helped ScienceSoft, a software producer from Belarus, to diversify its client base and to expand business through a merger, increasing turnover by 65% in one year. The EBRD helped ScienceSoft to almost double in size and to diversify its client base , as well as to overhaul...
A group of people sitting and standing around an oval desk
The distinctive feature of Belarus from other post-Soviet countries, united by the Eastern Partnership, is the dominant role of the state in almost all spheres, including the national economy. The basis of the national economy is controlled by state companies, and for a long time the private sector was given a secondary role. Zhanna Tarasevich, a co-chairman of one of the national business...