EU and EBRD offer help to Belarusian SMEs abroad
November 30, 2022

EU and EBRD offer help to Belarusian SMEs abroad

Belarusian small and medium-sized enterprise (SME) owners who have relocated their businesses outside Belarus and Russia will benefit from new resources to be made available by the EU through the European Bank for Reconstruction and Development (EBRD).

The EBRD will use EU funds of up to €4 million to help small Belarusian companies adapt to the challenging environment of new markets, help them integrate into new supply chains and accelerate their digitalisation.

The new initiative is expected to reach at least 270 relocated SMEs and consultants with targeted advisory support, knowledge sharing, training courses tailored to their business needs, workshops, seminars and networking events.

The EBRD’s Star Venture programme will also help extend this support to SME start-ups in partnership with local accelerators.

The tools needed for growth will be provided to Belarusian companies through the EBRD-managed and EU-funded Advice for Small Business (ASB) programme (office in Lithuania). 

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