More EU Help for Belarus SMEs

.

The European Union continues to support small and medium-sized enterprises (SMEs) in Belarus, and is set to provide 6 million euros in additional funds as part of the EBRD’s Advice for Small Business (ASB) programme.

“EU funds and assistance are important to Belarus because they facilitate access to modern EU know-how and technology,” Andrea Wiktorin, EU Ambassador to Belarus, tells Emerging Europe. “Indeed, the slogan of the ASB programme is ‘We know how!’. High-quality local and international expertise save time and money for SMEs, transfer relevant commercial and technical know-how, introduce quality management and certification, and in the end increase productivity and create jobs,” Wiktorin said.

Over the last four years the ASB programme has already helped more than 200 Belarusian SMEs.

“Among the latest example is the help we have given to the Belarusian telematics producer Mechatronics, to enhance the effectiveness of its business processes, optimising the organisational structure and increasing labour productivity by 34 per cent per year. Then there is Nakhodka Polesya, a tulip farm from a rural area in the Ivanovo district of the Brest region, which we helped to automate its business processes and optimise operating expenses and reporting time, increasing sales twice over while considerably cutting costs,” Wiktorin adds.

According to the EBRD, 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 such as the ABS programme are focused on improving access to finance and foreign markets, building business skills and encouraging entrepreneurship.

The EU’s support has already received the endorsement of the Belarusian authorities. Vladimir Zinvovsky, Minister of the Economy, who hosted the signing of the new agreement, said: “The government of Belarus endorses the EBRD’s efforts, supported by the European Union, to develop the private sector in Belarus. This advisory programme has been instrumental in nurturing a number of small and medium-sized companies, enabling them to improve their efficiency and, in some cases, contributing to their transformation into private sector champions.”

RELATED ARTICLES

Why Is Belarus Tech Booming?

Nadiya Savchenko: I Dream of a Great Ukraine

Panorama of the top part of the Andrew's Descent from Castle Hill in springtime in Kiev Ukraine.

Business Opportunities in Belarus Encourage Outside Interest

GE Inaugurates Its New Bucharest Software Centre

Asian Outsource Developer Team Sitting At Desk Working Laptop Computer Mobile Application Software Real Office

Plovdiv — an emerging outsourcing destination

IMF Believes State-Owned Enterprises Must Be Reformed

Image of the banknotes of new Belarusian banknotes five rubles put into circulation July 1 2016

Estonia — Easy Doing Business Destination seminar in the UK

Brexit Is a Great Opportunity to Attract Foreign Investors to Belarus

The Great Stone Industrial Park — Making Doing Business Easy in Minsk

Long-time Neighbours Need to Share Awareness, Plus Trade & Investment

Belarus Is One of the Top Outsourcing Destinations of 2016

Globalisation Needs to Work, Not Only for the Few but for the Most and in Demonstrable Ways

Global Spread

Belarus Is Where the New Silk Road Heads For Europe

New investors interested in Belarus’ Great Stone Industrial Park

Economy builds bridges in Mostar

CEE Is Key to China’s Belt and Road Initiative

Shanghai skyline Panoramic view of shanghai skyline and huangpu river Shanghai China

Minsk International Airport Widens its International Reach

Belavia

High-Tech Park in Minsk is growing rapidly

Merkel: Albania is taking big steps forward

Emerging Europe Live: CEE — The Outsourcing Destination

Emerging Europe Makes Great Strides in Improving Business Regulation for Entrepreneurs

Skopje Macedonia

Belarus and Singapore Share the Same Factors for Economic Success

Germany and Belarus: Thinking Globally Acting Locally

EU Membership and Transition into Market Economies Have Helped CEE Achieve Social Progress

Digital Business Space Gives All Businesses an Office in Sarajevo

Sarajevo Bosnia and Herzegovina - August 24 2015. View from Vraca Memorial Park with building of Avaz Twist Tower

Škoda too Strong for VW Group

MLADA BOLESLAV CZECH REPUBLIC - MAY 30: Skoda Octavia on conveyor line during Doors Open Day at Skoda Auto a.s. factory. Skoda auto celebrated 120 years since its founding on May 30 2015 in Mlada Boleslav.

Office Space Vacancy is Currently Low but Building Standards Cause Concern

Minsk Belarus - March 23 2017 modern architecture business center Pokrovsky on Pobediteley Avenue editorial

Moldova Launches New e-Procurement System In Search For Positive Change

Photo team work process, holding contract hand, signs documents. Account managers young crew works with startup project.New idea presentation, analyze marketing reports.Blurred, film effect, horizontal.

Will the New Five-day Visa-free Regime Encourage More Visitors to Belarus?

Derek Chollet: There Is a Resurgence of Supporters of the Transatlantic Relationship

white house

Belarusian Economy on a Diet to Change its Financial Outlook

Belarus Has Set an Example for Others to Follow

Slovenia Sets Green Vehicle Deadline of 2030

ljubljana

Ukraine’s Q2 Growth Climbs

kyiv ukraine emerging europe

Putin Urges Belarus to End Oil Transit Through Lithuania

Athens Greece - May 27 2016: Russian President Vladimir Putin delivers

Do Your Homework First and Starting Business in Poland is Easier

Doing Business Across Eurasia Could Be Easier

Eurasia emerging europe schneider group

The EU’s Benign Neglect of Eastern Europe

The UK and Belarus: A Partnership to Introduce the Real Belarus to Europe

World Bank’s Doing Business Report 2016 Resume For Emerging Europe

Kosovo: A Population of Talented Young Entrepreneurs Waits at Europe’s Door

Non-Financial Reporting No Longer a Secondary Consideration in CEE

Belarusian Journalists Still Face Huge Problems

Poland’s Q2 2017 Growth Is Stronger Than Expected

WARSAW, POLAND - MAY 07, 2016: Building Palace of Culture and Science among the modern buildings of the city

Falling Student Numbers and Declining R&D Result From Lack of Funds

Lithuania Handed Top Marks for Business Services

Beautiful panorama of Vilnius Old Town taken from Gediminas hill; Lithuania

After Economic Shocks Armenia Plans for Macroeconomic Stability

yerevan armenia minister of finance

Trans Adriatic Pipeline Will Fuel Albanian Growth

Xanthi. Greece - July 30 2017: aerial view of construction of gas pipeline Trans Adriatic Pipeline - TAP in north Greece. The pipeline starts from the Caspian sea and reaches the coast of southern Italy

Romania Cuts Income Tax, Introduces Solidarity Tax

CLUJ NAPOKA ROMANIA - OCT 2 2016: People on the central street of Cluj Napoka - the unofficial capital of Transylvania.

Innovation Brings Great Opportunities to the Belarusian Economy

Jadranka Joksimović: Serbia Takes Its Candidacy of the EU Seriously

bigstock-Joint-Press-Conference-Of-Serb-155400338.jpg

Croatian Salaries Are Growing in Line With Other CEE Countries

Dubrovnik Croatia emerging europe

The essence of the Customs Union is protectionism

Economy Minister: Internationalisation Is the Key To the Slovenian Economy

Towards a resilient Europe, strategies for the future

Growth Continues for State-Owned Azerbaijan Airlines

Azerbaijan Baku - September 16 2015: View of the Heydar Aliyev International Airport sign in Baku Azerbaijan. The airport is the home of Azerbaijan Airlines the national flag carrier.

Polish Labour Market Deficits Are Impacting All

Construction site with crane and building. Construction site in western europe - in Poland.

Will European Business and Institutions Bolster the New Trends That Have Appeared in Belarus?

The EU’s Benign Neglect Of Eastern Europe

CEE-Benefits and Disadvantages of Joining the Eurozone

forint zloty euro

Albania is creating three free economic zones

German Multivac invests €15 million near Sofia

Meghri Becomes Armenia’s Third FEZ

armenia emerging europe

Lukashenka seeks to avoid commitment to Russia’s geostrategic goals

Feel the Vibe of the City of Minsk

Trinity suburb in Minsk (Nemiga) Belarus on 20 May 2017

Poles Still Keen on German Jobs

Brandenburg Gate in Berlin in Germany. The Brandenburg Gate is a triumphal arch a city gate in the center of Berlin. It is one of the most known sites in Berlin.

FocusEconomics: Belarusian Economy to Grow in Q4 2016 and Onwards

Encouraging SME’s Development Will Help Build Belarusian Economy

The Shopping Experience Is Set To Go Global in Belarus from 2017 Onwards

Poland Stays Cool on Euro Adoption

Euro cash and Zloty on one photo.

The Slovak Matchmaking Fair open for registration

CEE Tech Growth Continues: Poland and the Czech Republic Lead the Way

technology

The Belarusian Banking Sector Moving Towards Modernisation Despite Some Challenges

Baltics Seek Lockstep With High Tech States

Euro money: Macro view of euro coin and bill. Suitable for financial, monetary, euro or European Union concepts and ideas

Macedonia — Stepping Out Of the Shadow Of the Balkans

Romanian Cabinet Reshuffled as New Splits Emerge in Ruling Party

BUCHAREST ROMANIA - MAY 25 2014: The Victoria Palace. Victoria Square.

Valga and Valka – Where Estonia and Latvia Work Together

Valga valka emerging europe

More Brexit Fears As the UK Proves To Be A Needed Member

City of London view from Waterloo Bridge. This view includes: St. Paul`s Cathedral The Gherkin Tower 42 and Blackfriars Bridge.

The Reality in Romania Exposes False Perceptions Of The Country

The Deep Roots of Currency Crises in the Former Soviet Union

Investigations Into the Corrupt Ukrainian Fuel and Energy Sectors

Ukrainian money hryvnia. The national currency. Corruption in Ukraine

China Agrees to Build Hi Tech Business Park in Serbia

BELGRADE SERBIA - SEPTEMBER 29 2016: View on the city center and the junction of Rivers Sava and Danube in Belgrade Serbia.

IMF Increases Growth Forecast With Emerging Europe Prominent

Dambovita river and center of Bucharest at sunset time Romania.

Are Labour Shortages Driving Economic Growth?

Winds of Change for Belarus’ Reinsurance Industry?

CEE Emigrants Could Boost Their Countries’ Economies

Londoners walking through Millennium Bridge with St.Paul's Cathedral at the background after sunset - London, UK

Emerging Europe Live: Life in Belarus As Seen by Foreigners

GSA Names Ukraine as UK’s Offshoring Destination of the Year

map of ukraine emerging europe

Belarus Has To Make an Extra Effort To Change Investors’ Perceptions

Belarusian Tech Companies Lead a Global Technological Advance in Outsourcing and Product Development

Is the CEE Region About to Steal the Outsourcing Crown From India?

Amazing view on the Taj Mahal in sunset light with reflection in water. The Taj Mahal is an ivory-white marble mausoleum on the south bank of the Yamuna river. Agra Uttar Pradesh India.

“e-Belarus”: Embracing the Internet and its Possibilities

Albania’s Economy Booms Despite Political Infighting

Panorama view to the city Tirana Albania

Foreign Investors: Belarus Offers Opportunities But Further Improvements Are Needed

Using Words to Paint a Picture – Belarus’ Nobel Prize Winning Novelist

Belarus is Bringing Opportunities for European Companies

Great Stone

HTP: Belarus’ Engineers Are Leading a Cool Revolution

While the EU Makes Plans for CEE China Makes Investments

Nuclear Security Summit In Washington, 2016

Romanian Car Maker Dacia Sees Sales Boom

Sables d Olonne France - May 07 2017 : Dacia Tour 2017 is a commercial operation organized by the car builder in order to present its cars throughout France - Close-up on cars

Revenues Of Bulgarian IT Companies Have Sextupled In the Last Decade

Chris Lowney — What Jesuit Spirituality Can Teach Us About Global Leadership

Veni, Vidi, Vici, Or My Personal Experience of Doing Business in Belarus

Belarus 2020: Turning the Vicious Circle Into an Upward Spiral

Changes Are Making Ukrainian Banking More Aligned with International Standards

Western Ukraine Could Be an Entry Point into the Country

Poland Is Set To Become a Large Economic Zone

Aerial view over the building materials processing factory. View from above.

Germany Is Not Letting Belarus’ Small Downturns Put it off Looking for Investment Opportunities

Belarusian Economic Recovery May Downgrade Intended Reforms for Competitiveness

Poland’s Business Constitution Must Be Finalised

Front of finance ministry in Warsaw Poland with a fountain framing the entrance. Could be used for images about Euro currency problems

Air Passenger Volumes Reach Record High in the Baltics

airbaltic

Bad Payers Still Causing Problems for Romanian Firms

Close up Romanian currency note, LEI or LEU, Romania

The Czech government attracts FDI and creates jobs

Breaking trade barriers with CIS has never been easier

Slovenia is the CEE region’s leader in VAT collection

Cautious Upturn in Emerging Europe Haunted by the Spectre of Uncertainty

Donald Trump

The Proof of a Country’s Readiness to Attract Foreign Investors Lies in the Development of the Insurance Market

Global Players Dash for Tempting CEE

dollar pound euro coin on euro background.

Estcoin: Estonia’s Own Digital Currency?

1 euro coin money (EUR) currency of European Union Estonia over blue background

Beyond Borders: Immigration Within the EU

refugees immigrants

Business Mentors Helping to Solve Business Development Problems First

Portrait of confident business people interacting in the office

Belarus US Business Relations Thrive as Conditions Improve

EBRD Finances Small Business Support And Foreign Trade Promotion In Belarus

The EU Is Encouraging Belarus to Join the World Trade Organisation

Lviv Is the Pearl and the Soul of Ukraine

Estonia Proposes Bill of Rights and Responsibilities for Robots

Robotic hand accessing on laptop the virtual world of information. Concept of artificial intelligence and replacement of humans by machines.

Young Well-Paid IT Specialists Are Making Belarus Known Internationally

Mayor: Armenia And Its Capital Yerevan Offer Safe Investment And Tourism To a Growing World

Still Potential for Growth in CEE as Economies Stabilise

Lithuania Set to Streamline Competition Legislation

Industrial dock with cranes on the quay

Georgia’s Growth Continues

Batumi, Adjara, Georgia - May 27, 2016: Batumi, Adjara, Georgia. Gogebashvili Street Road And Marine Station Or Maritime Station Building Batumi On Background

EY: Belarus’ IT Scene Is Thriving

High tech park minsk

Fitch And the World Bank: Economic Growth To Remain Solid Within CEE In 2016

Belarus’ Economy Is Slowly Recovering From Past Declines

Lithuania Gives Innovation a StartUp

MILAN ITALY - MAY 2: People visit Lithuania pavilion at Expo universal exposition on the theme of food on MAY 2 2015 in Milan.

Belarus Introduces New Business-Friendly Auditing Procedures

MINSK, BELARUS - AUGUST 15, 2016: Aerial view of the southwestern part of the Minsk with Palace of Sport and old and new other buildings. Minsk is the capital and largest city of Belarus.

Bosnia and Herzegovina: Focussing on Stability and Business Climate

Sarajevo Bosnia and Herzegovina - August 23 2015. View of Miljacka River in Sarajevo city

Hungary Today: Potential and Challenge

Chain bridge on Danube river in Budapest city. Hungary. Urban landscape panorama with old buildings and domes of opera

CEE Nation Brands Still Behind Western Counterparts

TALLINN ESTONIA- JUNE 17: View of the modern high rise buildings on border with an old part of the city on June 17 2012 in Tallinn Estonia

Automotive and Transport Companies Dominate the CEE Region

Car bodies on the production line inside automobile factory

Foreigners choose Minsk and Gomel as Belarus’ most attractive FDI destinations

Estonia Leading CEE Country in WEF Competitiveness Index

pharmaceutical factory woman worker operating production line at pharmacy industry manufacture factory

Investing in Ukrainian Food and Agriculture

Albania’s Construction Sector Supports the Country’s Growth

SARANDA, ALBANIA - MAY 18: View of the city Saranda, most important tourist attraction of the Albanian Riviera on May 18, 2017 in Saranda, Albania.

Ukraine Is Offering Europe Unique Combat and Technological Experience

PandaDoc — Rolling Sales Procedures Together So Everyone Succeeds

Effective Policies Have Strengthened the Georgian Economy

TBILISI GEORGIA Jul. 18 2017: Bridge of Peace is a bow-shaped pedestrian bridge a steel and glass construction over the Kura River in downtown Tbilisi capital of Georgia

Bringing Belarus’ Cultural Past to Life for Belarusians and the World

‘No’ To a Monetary Union With Russia

Sarajevo Stock Exchange Connected to SEE Link

sarajevo stock exchange

Belarus’s Election Tests the EU’s Global Strategy

PE and VC Investment In CEE Is At an Eight-Year High

venture capital

Poland to Switch from Emerging to Developed Market by September 2018

warsaw stock exchange

CEE Must Improve Infrastructure and Logistics

Aerial view of Gliwice Sosnica motorway junction. There are international traffic in four directions

Central And Eastern Europe At the World Property Market

The Belarusian Economy: The Challenges of Stalled Reforms

World Bank: Brexit Hides Greater Challenges to the European Union and the CEE Region

Ukraine to Restart Privatisation to Realise Profits

Pricatisation electricity ukraine

Belarus: On the Way to a Market Economy?

Rolling Sales Procedures Together so Everyone Succeeds

Coworkers

SEE Link — Sharing SEE Europe’s Hopes for a Brighter Investment Future

The Country Shows Promise but Needs Some Reforms

The Belarusian Financial Sector: An Industry in the Process of Restructuring

Business Standards Are High in SEE But Vary Widely

Aerial view of The Cathedral of the Assumption in Varna

Belarus Is Ready to Begin With Venture Capital Investments

The Belarusian real estate market is on the up

21st century Manufacturing Arrives at Great Stone

Great stone

Slovenia is CEE’s leader in innovation

Not All Quiet on the Eastern Front

Belarus: Changing Old Ideas And Mixing With the New in Belarus’ Export Market

Larisa Manastirli: Where is Bulgaria After Ten Years in the EU?

Lech Wałęsa: Hard Options Can Force Nations to Get Down to Work

Belarus is the most creative EEU country

A New Modern Mall Hopes to Draw Belarusians Back to the Home Market

RRY Capital

Bloomberg Croatia Business Day 2015

High Real Estate Prices at Home Force Czech Investors Abroad

Construction of the Petrin lookout tower in Prague Czech Republic

EconMin: Bulgaria — Number One Outsourcing Destination And an Island of Stability in Europe

Belarus-Turkey Investment Forum to increase investment and trade between the two countries

Despite Public Anxieties, Migration is Playing a Key Role in ECA Growth

Bratislava city aerial panoramic view. Bratislava is the capital of Slovakia.

OECD: Belarus Has to Find Its Own Belarusian Model to Emerge

Smart, reliable and promising

Romanian Economy Grows Fast in 2017

Brasov cityscape panoramic and aerial view over medieval architecture of Brasov town, in Transylvania Romania

Chickens Blamed for Romanian Budget Deficit

Two white chickens or hens inside a chicken coop or hen house seen through chicken wire.

Belarus: Navigating the geopolitical storm

Emerging Europe and the EBRD host the Outlook on Belarus conference in London

A Strategic Asset for Regional Growth and Development in the EU

Pier bridge crane and cargo handling cargo trains transported away.

Belarus Is Making the First Steps onto the International Finance Floor

Under Promise, Over Deliver: Prospects for the EU’s Eastern Partnership in 2018

Eastern partnership

Latvia Urged Not to Increase Expenditure As Economy Grows

Riga, Latvia - August, 2010: Panorama view from Riga cathedral on old town of Riga, Latvia

Prospering Czechia Still Needs a Bigger Workforce

prague emerging europe

A Risky Evaluation of Croatia’s Economy?

ZAGREB, CROATIA - JULY 17, 2017: Square Ban Josip Jelacic with tourists and trams on a summer day in Zagreb. City of Zagreb is the capital of Croatia.

Ametek opened a new factory in Subotica

The Next Four Months Crucial For the Belarus-EU Relations

Belarus: The Importance Of Diversification

UK Economic Growth Slows as Brexit Uncertainty Bites

flags of UK and EU combined over icons of London - Brexit concept

Belarus Serves up Some Recipes for Success

Business in Belarus Recipe Book

Bulgaria’s cooperation with Israel could boost the economy

Invest in Belarus: looking beyond politics to the future

Serbia, Belarus and Ukraine Ranked Lowly by Wharton Business School

Kyiv Ukraine - April 172017: The postal square in Kiev on Podol the Dnipro river. view of the square from the river panorama

Italy and Belarus: A Relationship Based on Complementarities and History

Leave a Reply

Your email address will not be published. Required fields are marked *