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The EBRD has supported more than 250 companies in Belarus within the framework of program of consultation for small businesses

The EBRD has supported more than 250 companies in Belarus within the framework of program of consultation for small businesses

The European Bank for Reconstruction and Development (EBRD) has provided support to more than 250 small and medium business in Belarus within the framework of "Advice for Small Business" program.

"The program has helped these businesses create over 1,500 new jobs and increase their revenue by an average of 63%", - stated in a press release of the bank.

The bank made it clear that this program is being implemented in the country since 2011.

Enterprises received € 3.2 million of donor funds for improving their credit standing, strengthen their position in the domestic market as well as for the development of export potential. Some of the beneficiaries of the program were direct borrowers of EBRD.

Since the beginning of its activities in Belarus in 1992, the EBRD has invested approximately € 1.8 billion in 70 projects in various sectors of the economy.

 

Опубликовано: 16.12.16