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Small businesses and entrepreneurs in Belarus

There has been a huge boost in the number of small businesses and entrepreneurs in Belarus in recent years.

New businesses are springing up across Belarus with the number of registered firms increasing from 29,044 in 2002 to more than 77,228 in October 2009, and employing more than 530,000 people. However there is still room for growth with the SME sector contributing just 9.5% of GDP in 2009.

This sector is being helped by the Council for Entrepreneurship in Belarus which acts as a forum for the small business community to communicate with government to improve the business environment.

The European Bank for Reconstruction & Development has reported that the SME sector in Belarus has been developing quickly and expects it to continue to do so on the back of a lower tax and administrative burden.

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