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

EU-Ukraine Summit in Kiev on 13 July 2017. Pictured, left to right: Donald Tusk, President of the European Council; Volodymyr Groysman, Prime Minister of Ukraine, and; Jean-Claude Juncker, President of the European Commission.
The EU and Ukraine have signed an Association Agreement, including a Deep and Comprehensive Free Trade Area, to come into force on 1 September 2017. The AA provides the blueprint for Ukraine's ambitious reform path and will foster trade and...

Success stories

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...
The EBRD’s business advisory programme, funded by the EU, helped Mark Formelle find a local marketing consultant, and they developed a brand concept and marketing plan together to raise brand awareness.
With funding from the EU, the European Bank for Reconstruction and Development (EBRD) helped a Belarussian clothes manufacturer develop brand strategy and expand its own retail chain, increasing sales by 30%. The company, Mark Formelle , established in 2009, designs, produces and distributes cotton garments, sleepwear, underwear and other specialty clothing such as thermal wear. Despite rapid...
Participants at the first East Invest investment forum.
Belarus is a country with untapped economic potential. To this end a high level forum was recently held in Vienna, bringing together Belarusian and European businesses, investors and policy makers, in order to identify opportunities and possibilities for further reform. The first East Invest investment forum , entitled ‘Promoting European Investments in Belarus’ took place in Vienna, Austria in...