Seminar "Financial Instruments of Export Support"

Date: 17 October 2019

The Belarusian Chamber of Commerce and Industry has provided the leading Belarusian banks with a platform to present their opportunities in the field of export promotion. A seminar "Financial Instruments of Export Support" was held in Minsk within the framework of the BelCCI project "School of Export".

As the BelCCI Chairman Vladimir Ulakhovich put it, the aim of the seminar, as well as of the "School of Export" is to give answers to those questions the Belarusian businessmen have, provide the domestic companies with the comprehensive information about the existing export support mechanisms, the ways to overcome the barriers in the international market.

"There are various export support tools offered by Belarusian state and public structures, including the financial ones," Vladimir Ulakhovich said. "Besides, financial institutions don't stand still, they expand their portfolios to support exporters, SMEs and private companies in particular. And business is not fully aware of this instruments and mechanism. Therefore, the seminar is aimed to provide detailed information in the field of export supplies financing and export risks insurance."

The support mechanisms that the finance sector can offer to Belarusian enterprises in order to promote their products and services to foreign markets were presented during the seminar by the exports of the leading banks – BelCCI members, such as Bank BelVEB, Priorbank, BPS-Sberbank, MTBank, as well as by the representatives of the Development Bank of the Republic of Belarus, Beleximgarant insurance company, the Representation of the European Bank for Reconstruction and Development in the Republic of Belarus, the Belarusian Innovation Fund, the Belarusian Fund for Financial Support to Entrepreneurs, ASB Belarusbank, and Belagroprombank.

The event aroused considerable interest among the export oriented Belarusian companies: attending the seminar were representatives of more than 180 enterprises of all ownership forms.