Entrepreneurship of Minsk

Sustainable socio-economic development of the city of Minsk directly depends on the level of activity of the business sector. The level of development of entrepreneurship in Minsk is quite high; small and medium businesses in the city of Mnsk are represented in all sectors of the economy. The small business sector which is, first of all, an institution that provides employment to the population and is mainly concentrated in the service sector, is 59.1%, incl. trade - 41.8%, and also the processing industry - 9.7%, construction - 7.5%, transport - 4.9%. Medium-sized businesses are tied to solving problems of economic growth and the transition to an innovative development path. Their share in the manufacturing industry is 16.2%, construction - 11%.  

Creation of business entities in the real sector of economy

On April 1, 2019, in Minsk there were 42,199 legal entities and 75,387 individual entrepreneurs. The share of tax revenues in January-March 2019 from this category of taxpayers in the city’s revenues amounted to 42.7%. In January - March 2019, in Minsk there were registered 1335 commercial organizations, including 318 organizations with foreign investment and 83 organizations that are focused on production, as well as 2885 individual entrepreneurs.

Financial support for small and medium-sized businesses

The State program "Small and Medium-sized Entrepreneurship in the Republic of Belarus for 2016–2020" is being implemented. In 2019, for the implementation of the main activities of the Program the budget of Minsk provides for 980,000 roubles, which are planned to be sent for the provision of subsidies to small businesses, subjects of business support infrastructure.  

Infrastructure support for small and medium-sized enterpreneurship

In Minsk there operates a network of support infrastructure entities of small and medium-sized enterpreneurship consisting of 28 centers of business support and 5 small business incubators.

The centers' activities are aimed at providing business entities, citizens wishing to start their own business information, methodological and consulting services on the organization and conduct of business activities, assistance in obtaining financial and material and technical resources, participation in trade fairs, establishing business contacts, promotion of their products to the domestic and foreign markets, the preparation and provision of these entities with qualified personnel, the marketing research and others.

Residents of incubators are provided with specially equipped office and production premises for rent at a preferential rate, information and consulting support. 

Involvement in the economic turnover of unused property

The necessary measures are being taken to identify the unused and inefficiently used areas of industrial enterprises, as well as to identify reserves that will increase the investment attractiveness of the city of Minsk.

On an ongoing basis, work is underway to provide for rent of inefficiently used space. On the official website of the Minsk City Executive Committee there is a list of 54 premises that are offered for free use under the contractual obligations to create jobs.

For the purpose of involvement of entrepreneurs to solving social and economic problems of the city of Minsk, the ongoing monitoring of the situation in the business environment, with a view to timely identifiying problematic issues and developing effective ways of their solution, as well as improving the business sector support systems at the Minsk City Executive Committee there have been created the Public Advisory (Expert) Business Development Council and Business Development Council, which serve as a key platform for dialogue between business and city authorities.