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Economy
17 January 2018, 15:28

Small business contest announced in Belarus

MINSK, 17 January (BelTA) – The Belarusian Fund for Support of Entrepreneurship has announced a contest of investment projects among small businesses. Such information is posted on the website of the Economy Ministry, BelTA has learned.

Applications are accepted from 17 January till 31 January 2018. the winner will be eligible to state financial support in the form of a loan (on a reimbursable basis) and leasing of assets (finance lease).

State support shall be provided for investment projects to start up or develop the manufacture of goods (works, services); to start, manufacture and sell export-oriented, import-substituting goods; to manufacture energy-and resource-saving goods; to introduce new technologies (higher qualitative characteristics compared with the best analogues currently available on the domestic market).

The size of the state support shall be Br196,000 for a loan program and the same amount for the finance lease program. The total amount of financial support for one entity shall not exceed Br245,000.

To learn more, please visit the website of the Economy Ministry.

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