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17 May 2022, 17:15

Support for business initiatives helps create jobs, raise population earnings in Belarus

Irina Babachenok. An archive photo
Irina Babachenok. An archive photo

MINSK, 17 May (BelTA) – Support for business initiatives allows creating new jobs, raising earnings of the population, and securing higher living standards in the regions. Deputy Director of the Entrepreneurship Department of the Belarusian Economy Ministry Irina Babachenok mentioned it during a business trip to Zhlobin District, Gomel Oblast, BelTA has learned.

According to Irina Babachenok, 140 initiatives have been selected and are being implemented in 12 pilot districts as part of a joint project with the United Nations Development Organization. The initiatives are aimed at developing the infrastructure for supporting entrepreneurship, cluster initiatives, socially important initiatives, and business ones. In Zhlobin District there are 18 such business ideas worth over $0.5 million. Those include a business incubator, five socially important initiatives, and 11 entrepreneurship initiatives.

The official visited a number of initiatives together with representatives of the United Nations Development Organization (UNDP). The initiatives focus on new opportunities for doing business in the countryside, welfare taxi service, and the establishment of a cluster for making refractory materials.

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