Belarus counts on EBRD support for small businesses in Belarus

Belarus counts on EBRD support for small businesses in Belarus

Belarus aims to more actively cooperate with the European Bank for Reconstruction and Development. Possible projects were discussed at the meeting of Belarus President Alexander Lukashenko with the head of that financial structure Suma Chakrabarti.

Now Belarus is actively developing medium and small businesses and hopes for the support of the bank in the implementation of such projects. But there are other options for interaction. For example, infrastructure projects. It is a question of building a highway in the south of Belarus, which would become a full-fledged transport corridor for goods and cargo from Europe and Asia.

Belarus is ready to undertake such a project as early as 2018. The sides also discussed the possibilities of cooperation in the banking sector. Here there are also concrete developments.

Alexander Lukashenko, President of Belarus:
One of the requests that I want to address to you, just one of the trends of the European Bank for Reconstruction and Development - is to support small and medium-sized businesses. Having stability, security and manageability in the country, we would like to give initiative people, more freedom in self-realization, first of all in the production sphere and in services. We very much look forward to your support.

And a more global problem. The problem of investments in infrastructure, which serves not only Belarus, but Europe and Asia, the entire Eurasian continent. Of course, despite the fact that we have a good infrastructure and it is still coping with these flows, we need to think about making it at the highest European level. We are grateful to you that you are investing in the development of the road network and so on, but this is not enough. An example of this is our negotiations on building a wider highway in the south of Belarus. This is in order to intercept the southern streams of China, Central Asia, and Russia and send them through the south, through Gomel to Brest to Europe in two directions. By providing us with some support, of course, you do good for us, but this is a two-way process, this is useful for Europe as well.

Following the talks, the parties agreed to draw up a road map with concrete projects. Belarus and the European Bank for Development have been cooperating for 25 years. Recently, the interaction has intensified. As international experts note, this is primarily thanks to the increased investment attractiveness of Belarus. In 2017 alone, the bank allocated 85 million euros to Belarus. The total amount of investments was about 2 billion euros.