On 14 November, the EU, United Nations Development Programme (UNDP) and the Ministry of Economy of the Republic of Belarus signed a new project that will support the development of entrepreneurship in the regions of Belarus.
This €8 million project is one of the largest ever initiatives of this kind implemented in Belarus and should substantially contribute to small and medium-sized enterprises (SMEs) becoming the driver of the Belarusian economy in the years to come.
Over the next three years, the project will support business and social enterprises in all six regions of Belarus, breathing significant new economic life into the regional economy.
Funded by the EU and co-funded by the UNDP, the project is fully aligned with the Belarusian Government’s strategies and legislative measures aimed at the development of entrepreneurship and regional development, including the newly adopted “Strategy of SME Development until 2030”.
