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EBRD Business Advisory Service Program launched in Belarus

MINSK, 29 December (BelTA) – The Business Advisory Service (BAS) Program of the European Bank for Reconstruction and Development (EBRD) has been launched in Belarus, BelTA learnt from the public relations department of the Economy Ministry.

The Department for Entrepreneurship of the Economy Ministry will assist in the implementation of the program. An agreement was reached during a working meeting between the department senior officials and national manager of the BAS program Olga Kuznetsova.

The program is financed by the European Union. The EBRD is successfully implementing such programs in 21 countries. Its purpose is to promote the development and competitiveness of small and medium-sized private enterprises through compensation for the cost of consulting services. The program aims to develop the consulting services market in Belarus and improve the competitiveness of local consulting companies. Small and medium-sized enterprises in the private sector can count on the assistance in the development of marketing and corporate strategy. They will get help with selecting the most effective local consultants to solve specific business problems. They can also count on the compensation of up to 50% of the costs for the services of consulting companies in an amount not exceeding €10,000 (without taxes).

Representatives of the EBRD stressed that they intend to work with business entities operating in the manufacturing industry, trade and services. Enterprises of the primary industries of agriculture, military industry, banks, financial companies, producers of alcoholic beverages and cigarettes, gambling industry cannot qualify for the program. Businesses with at least two years of experience and real development plans are eligible for the program.

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