Belarus Business Barometer, August 2024

Publications

26 Nov 2024

Trade & Macro

ABBA Publications

The Belarus Business Barometer (August 2024) report provides an analysis of the entrepreneurial activities of Belarusians in the EU, focusing on businesses with Belarusian shareholders and self-employed individuals. Key findings include:

Migration and Business Relocation: Since 2020, political instability in Belarus, compounded by sanctions following Russia’s invasion of Ukraine, has driven a wave of business and individual migration. Over 9,200 businesses with Belarusian shareholders are registered in the EU, with 77% located in Poland. Many firms relocated to avoid repression and economic challenges.
Employment and Economic Impact: Belarusian businesses have created at least 20,100 jobs in the EU, primarily in Poland and Lithuania. The IT sector and small enterprises dominate these contributions.
Challenges: High taxes, limited access to finance, and reduced external demand are significant obstacles for Belarusian entrepreneurs in the EU. Other barriers include slow bureaucratic processes and cultural integration difficulties.
Entrepreneurial Activity: Around 18% of Belarusian immigrants in the EU are active entrepreneurs, and an additional 29% exhibit entrepreneurial potential. The total number of self-employed Belarusians in the EU is estimated at 30,000, particularly in IT.
Sectoral Success: The ICT and electronic manufacturing sectors are prominent among Belarusian firms in the Baltic region, contributing significantly to local economies with substantial revenues and tax payments.

The report underscores the resilience and adaptability of Belarusian entrepreneurs, who have established themselves as vital contributors to host economies amidst adversity.

EU4Belarus: Reinforcing Resilience and Democratisation

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Belarus Business Barometer, August 2024

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