"Brest" FEZ Administration Held a Meeting with the Head of the EBRD Representative Office in Belarus

On March 11th, a business meeting with Marina Petrov, the head of the European Bank for Reconstruction and Development in the Republic of Belarus, was held in "Brest" FEZ Administration.

During the meeting they discussed the possibilities and methods of financing the FEZ residents, as well as potential investors interested in building and developing business in the Brest region.

Marina Petrov informed the administration about the main directions of the EBRD Оffice activity in Belarus.

Financing through the programs with partner banks, including loans for small and medium-sized enterprises are on the list of the EBRD services. Direct financing of private business is also included (long-term debt financing and equity participation).

Providing advice to enterprises includes: a corporate growth program, a program for improving accounting, consulting for small businesses with the involvement of grants.

For reference:

The EBRD is an international financial institution founded in 1991 to assist the countries of Central and Eastern Europe in their transition to a market economy. The bank currently has 69 shareholders, the largest of which are the EU, the United States and Japan.

Since its foundation, the EBRD has significantly expanded its geography and it has been currently investing in 38 countries in Central, Eastern and Southern Europe, North Africa and Central Asia.

The EBRD Office in Minsk was opened in 1994. During its work in Belarus, the bank has become one of the largest institutional investors, supporting a number of significant projects for the country economy. During the period from 1994 to 2020, the total number of such projects had counted 142. Tree billion euros had been invested. In 2020, projects aimed at overcoming the consequences of the pandemic became the most visible. The EBRD provided a loan in the amount of $ 130 million to the agro-industrial company Sodruzhestvo Group of Companies to develop cross-border cooperation, to assist local farmers in processing compound feed.

Additional information on cooperation can be found on the website www.ebrd.com or by calling the Bank Representative Office in Minsk: +375 (17) 308 39 00.