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Krugloye District Executive Committee
Main / News / Republic
18 December 2019

Contest of small business investment projects announced in Belarus

The Belarusian Fund for Financial Support to Entrepreneurs will receive applications from small businesses seeking to take part in the contest of investment projects through 31 December. The winners of the contest will get financial support from the government, BelTA learned from the website of the Economy Ministry. 

To qualify, small businesses must be registered in Belarus and operate in Belarus and must be eligible for state financial support in line with Decree No. 255 “On specific measures of state support for small entrepreneurship”. 

The investment projects should be within the scope of the following thematic areas: establishment and expansion of production of goods (works, services); production and sale of export products and import- substitution products; manufacture of goods meant for energy and resource-saving; introduction of new technology. 

The state support will be provided in the form of a loan to the tune of up to Br204,000 and property on leasing terms to the amount of up to Br204,0000. The total amount of financial support for one entity should not exceed Br2550,000. 

Small businesses winning the contest will receive a term loan that should be repaid within five years.  

More than Br874,500 has been earmarked by the Belarusian Fund for Financial Support to Entrepreneurs to reward the winning entries.

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