News/Press

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...
EU Head of Delegation in Belarus Andrea Wiktorin
The European Union is ready to assist Belarus in developing the private sector of the economy, the Head of the EU Delegation to Belarus Andrea Wiktorin told the media on the sidelines of the KEF Economic Forum in Minsk on 6 November. “We are ready to support Belarus in the areas which the country will designate, for example, in the development of the private sector,” Andrea Wiktorin said...
EBRD, EIB and WBG launch new enterprise survey in Belarus
The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the World Bank Group (WBG) are launching a new round of enterprise surveys in more than 40 countries, including Belarus. The objective of the survey is to receive feedback from private sector enterprises on the state of the business environment in each of the participating countries, and use the...
'Belarus is a country for successful entrepreneurship'
Belarus has adopted its SME promotion strategy to 2030, which aims to encourage the growth of small and medium-sized businesses, improve the structure of the Belarusian economy, increase its competitiveness, create new jobs and raise living standards The strategy – titled “Belarus is a country for successful entrepreneurship” for the period till 2030 – was endorsed by the Council of Ministers as...
Participants at the market analysis conference in Kyiv
Representatives of small and medium-sized businesses explored methods and tools for market analysis, marketing research and business intelligence capabilities at a conference in Kyiv on 27 September, organised by the Kyiv Business Support Centre, with the support of the EBRD and the EU4Business initiative of the European Union. The event – " Methods and Tools for Market Analysis. Intelligent...
Staff from Belarusian clothing enterprises have taken part in an eight-day training on production efficiency organised by the International Trade Centre and the Belarusian Fund for Financial Support to Entrepreneurs, as part of the EU4Business project ‘Eastern Partnership: Ready to Trade’. The training took place in Minsk from 27 August to 5 September and was aimed at production and management...
Minsk Transit Bank and Belarusky Narodny Bank are important providers of SME and retail finance in Belarus
The European Bank for Reconstruction and Development (EBRD) is extending its first-ever local currency loans in Belarus by providing lines of credit to its long-term financial intermediaries Minsk Transit Bank (MTBank) and Belarusky Narodny Bank (BNB-Bank) for on-lending to small and medium-sized enterprises (SMEs) across the country. MTBank and BNB-Bank, both well-established providers of SME...
Belarus has recently adopted a new law “On regulatory legal acts”, which aims to provide better public consultations and introduces regulatory impact analysis (RIA) for draft legal acts. The law is in line with OECD recommendations for policy reform to improve the business climate for SMEs. More specifically, the law includes mechanisms aimed at increasing the participation of citizens and legal...
Bridging the Gap: EFSE impact report
The European Fund for Southeast Europe (EFSE) released its Impact Report today, showcasing the fund’s accomplishments in supporting entrepreneurs as the drivers of micro and small enterprises (MSEs) – the economic backbone of the fund’s target regions. EFSE aims to foster economic development and prosperity in Southeastern Europe and in the European Eastern Neighbourhood region – where it...