Competition development program to appear in Belarus

6 November 2018

Belarus will present a competition development program. This was announced at October Forum. In many ways it will help the development of small business. In addition, international organizations are ready to provide technical and financial assistance in many projects.

Teresa Moreira, Head of Competition Policy and Consumer Protection, UNCTAD: "By the end of the year, we’ll finish analyzing the Belarusian legislation on the development of competition. But today we see that Belarus has done a lot in this direction and your legal framework can become an example for other countries. We work closely with the Ministry of Antimonopoly Regulation and Trade. Today, the main thing is to explain the advantages of a competitive market, where prices are lower, the choice is wider, and there are opportunities to enter the market of new companies. The result will be a push for higher economic growth."

Alexander Pivovarsky, Head of the Representative Office of the European Bank for Reconstruction and Development in Belarus: "We have many interesting projects, we do not plan specific numbers, but respond to market demand, but in principle this year we are approaching 300 million euros, which is 2 and a half times more than two years ago. Therefore, we continue to increase our work here in the country."