Business news

MINSK, 9 November (BelTA) – Project “Support to Economic Development at the Local Level in the Republic of Belarus” is to be signed during the Global Entrepreneurship Week in Belarus (GEW Belarus) that will be held on 12-18 November, Belarus’ Deputy Economy Minister Dmitry Matusevich told reporters, BelTA has learned.

“We have come to an agreement with the UNDP and the European Union and are set to sign a document to implement the project to promote economic development at the local level that will cover 12 districts of the country. The document is to be signed on 13 November,” he informed. The financial resources to be earmarked for the project are substantial - about €500,000 per region.

“If this document passes all the necessary procedures and comes into force at the start of 2019, each of the regions will be able to implement a series of initiatives to support infrastructure development, business, cluster initiatives and social entrepreneurship as part of the project,” he informed.

The Global Entrepreneurship Week is an annual global event aimed at finding new ideas for entrepreneurship. The event takes place in 170 countries. In 2018 the Global Entrepreneurship Week will draw over 15,000 partner organizations around the world under the auspices of Kauffman Foundation. This event has been held in Belarus since 2011. Its official representative is the BEL.BIZ Center of Business Communication. Its partners are the U.S. Agency for International Development, the Development Bank of Belarus, the Economy Ministry, the International Finance Corporation and the British Embassy. The event will be supported by the Council of Ministers of Belarus.