EU To Give €14.5m To Support Entrepreneurship In Belarus

The European Union plans to allocate €14.5 million to support entrepreneurship in Belarus, BelTA reports on Monday, 18 September.

In addition to funding €6 million into SMEs.

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The new draft agreement  between Belarus and the EU concerning investment was presented during the meeting of Deputy Economy Minister Pavel Utyupin and Head of Operations Section of the EU Delegation to Belarus Frederik Coene.

The concrete areas to receive the financial support will be discussed with the ministries and agencies in the near futur, the Economy Ministry told the media.

The agreement is part of the 2014-2017 long-term indicative program for Belarus adopted by the EU in 2014 with a view to providing assistance in social policy, environment protection and economic growth at the local level.

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In addition to it, on 13 September Belarus’ Economy Ministry hosted the signing of the agreement between the European Union and the European Bank for Reconstruction and Development. According to the document, the EU will grant €6 million in additional funds over a period of four years to SMEs in Belarus.

On 14 September the EU and Belarus signed the agreement to allocate €6 million for research and activities to improve the efficiency of public administration, education, social security and the financial sector.