News/Press

EFSE’s main target group is micro and small enterprises (MSEs) and low-income households
The European Fund for Southeast Europe (EFSE) has announced the expansion of its fund structure to promote lending in local currencies. Backed by a contribution of €44 million from the European Union’s EU4Business initiative, and €12 million from the German Federal Ministry of Economic Cooperation and Development (BMZ), the new ‘L-shares’ will be used to enhance local currency financing in the...
Regional economic development in focus
On 4 April, an introductory seminar was held in Minsk on the application of the UNIDO (United Nations Industrial Development Organization) methodology in the EU4Business project on ‘ Support for local economic development in the Republic of Belarus ’, which is funded by the European Union and implemented by UNDP in partnership with Ministry of Economy of the Republic of Belarus. One of the...
The launch event in Minsk on 31 January
Improving the business environment and strengthening entrepreneurship in Belarus are the main goals of two advisory programmes on private sector development, launched jointly by the European Union and the World Bank Group on 31 January. “We aim to achieve concrete benefits for Belarusian enterprises by promoting sector competitiveness reinforcement initiatives, and by ensuring capacity building...
EU Commissioner Hahn at the Business Forum with the EU4Business Secretariat’s team
The European Union has issued a strong message of support for economic growth and jobs in its Eastern Partner countries, during two high-level Eastern Partnership (EaP) events held in Vienna on 6 and 7 December. “ It’s our aim to export stability, prosperity and consequently resilience in the area of the economy, society but also policy,” Commissioner for EU Neighborhood Policy and Enlargement,...
Participants in the STAREP workshop in Vienna
A two-day workshop in Vienna on November 28-29 has brought together participants from three regional programmes – STAREP, EU-REPARIS, and PULSAR – which support enhanced financial reporting practices in the private and public sectors in the EU-Eastern Partnership countries and the Western Balkans. STAREP is an EU4Business programme on Strengthening Auditing and Reporting in the Eastern...
Today in Vienna, the Austrian Presidency of the Council of the European Union together with the European Commission will host the 5 th Eastern Partnership Business Forum followed by the Eastern Partnership’s Annual Conference on 7 December. The two events will bring together high level representatives from the EU and the six Eastern Partners - Armenia , Azerbaijan , Belarus , Georgia , the...
Participants in the Belarus Fashion Forum
On November 16-17, the Belarus Fashion Forum was held in Minsk, with the support of the International Trade Centre under the EU4Business ‘Ready to Trade’ project, funded by the European Union. The Forum – organised by the Belarusian Fund for Financial Support to Entrepreneurs and the Belarusian Chamber of Fashion – is an annual educational platform where leading international experts and fashion...
The signing ceremony in Minsk
The Republic of Belarus and the European Investment Bank (EIB) are starting a new era of cooperation by signing the first ever loans provided by the EU bank in this country. The loans include €75 million to two local banks to support SME finance in Belarus. Another €84 million loan will finance the upgrading of wastewater services in the capital Minsk. The EIB loans to small businesses,...
The signing ceremony in Minsk on 13 November
The European Union, United Nations Development Programme and the Ministry of Economy of the Republic of Belarus came together yesterday to sign a new project that will support development of entrepreneurship in the regions of Belarus. This €8 million project is one of the largest ever initiatives of its kind implemented in Belarus and will substantially contribute to SMEs becoming the engine of...
Global Entrepreneurship Week Belarus
Global Entrepreneurship Week (GEW Belarus) kicks off today in Belarus until 18 November, a key event for entrepreneurs and start-ups in the country, co-organised for the fourth year by the Development Bank of the Republic of Belarus. This year the events of the week will be held with the support of the Government of Belarus and will be aimed at creating and shaping a favourable business...