Ministry of Economy of the Republic of Belarus

What Ministry of Economy of the Republic of Belarus does

The Ministry of Economy of the Republic of Belarus is the central government body of Belarus responsible for economic policy development, macroeconomic forecasting, and regulation of investment and business activity, headquartered in Minsk (220030, ul. Bersona 1A) and accountable to the Council of Ministers. It coordinates state economic development programs — including the newly adopted 'Sustainable Entrepreneurship' program for 2026-2030 — and represents Belarus in international economic cooperation, holding the 2025 EAEU chairmanship and acting as the governmental coordinator for the China-Belarus Industrial Park Great Stone. Its operating portfolio spans SME development programs, financing-source coordination (Development Bank, BelARP, commercial banks, innovation funds, and microfinance), investment promotion through the National Agency for Investment and Privatization (NAIP), and bankruptcy and restructuring oversight.

Its underlying technology base is anchored on the economy.gov.by web portal, a set of public-facing digital services, and three subordinate organizations: the Information Center (running the Unified State Register of Bankruptcy Information and pricing services), the Scientific Research Economic Institute (NIER, providing macroeconomic research and forecasts), and NAIP (investor-facing services). Documented proprietary systems include a Cluster Map of the Republic of Belarus, a Business Planning Monitoring System, and online public-consultation platforms for EEC and Ministry draft normative acts. The technology stack is described as government IT systems focused on data management, interoperability, and public service delivery rather than commercial-grade software.

Its business model is non-commercial: the Ministry is funded through the state budget of the Republic of Belarus and provides services related to business registration, permits, financing programs, and economic information free of charge or via general taxation. It has no revenue from commercial customers, no pricing model, and no external investors. Its primary "customers" are SMEs (SME development programs), domestic and foreign investors (investment promotion via NAIP), other government agencies and local executive committees (policy coordination), and citizens and individual entrepreneurs (economic information, appeals, and administrative procedures).

Name

Ministry of Economy of the Republic of Belarus

Legal name

Ministry of Economy of the Republic of Belarus (Министерство экономики Республики Беларусь)

Website

https://economy.gov.by

Company type

Public

Founded year

1920

Operating status

Operating

Headcount range

1–10 employees

Short description

The Ministry of Economy of the Republic of Belarus is the central government body headquartered in Minsk that drafts and coordinates national economic policy, administers SME development and financing programs, promotes foreign investment through NAIP, and represents Belarus in EAEU economic affairs.

Ownership category

akta.pro rank

Product category

Government Economic Administration

NAICS

Administration of Economic Programs (9261), Administration of General Economic Programs (92611), Public Finance Activities (92113), International Affairs (92812)

SIC

Foreign Governments (8888), International Affairs (9721)

akta.pro primary industry

Trade, Industry & Economic Development Administration (BPAIAAAL)

akta.pro secondary industries

Central Government Policy, Strategy & Performance (incl. OMB-style functions) (BPAIAAAB), Technical Committees, Working Groups & Expert Panels (BPADANAB), State/Provincial Licensing, Permitting & Regulatory Administration (Cross-sector) (BPAIABAO)

Keywords

• Economic policy development
• Investment promotion services
• SME support programs
• Bankruptcy registry services
• Macroeconomic forecasting

Headquarters

HQ city

Minsk

HQ country

Belarus

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. State Budget Funding: Government ministry funded through the state budget of the Republic of Belarus. Operates as a regulatory body providing public services in economic planning, SME support, investment promotion, and international economic cooperation.

Distribution channels6 records

Marketing channels9 records

Core offering

The Ministry of Economy of the Republic of Belarus is the central state executive body responsible for developing and implementing national economic policy, regulating investment, and coordinating SME support programs. It oversees macroeconomic forecasting, state economic development programs, foreign investment promotion, privatization, bankruptcy and restructuring processes, and represents Belarus in the Eurasian Economic Union. Services are delivered through the ministry itself, three subordinate organizations (NAIP, Information Center, NIER), and a network of regional executive committees.

Product overview

The Ministry of Economy of the Republic of Belarus operates as a government ministry rather than a commercial product company. Its portfolio consists of policy programs, information services, and subordinate organizations that collectively support Belarus's economic development. Key offerings include the annual National Competition "Entrepreneur of the Year" (conducted since 1997), the Cluster Map information system, the SME Financing Sources portal, and three subordinate organizations: the Information Center, the Scientific Research Economic Institute, and the National Agency for Investment and Privatization. These services are regulatory and informational in nature, focused on economic policy implementation rather than commercial technology products.

Differentiator

Problem solved

Functional benefit

Products and services

• National Competition "Entrepreneur of the Year" An annual national competition run by the Ministry of Economy to recognize and develop entrepreneurial initiative, stimulate business activity, and showcase successful entrepreneurs across five categories: Successful Start, Stable Success, Effective Business in Production, Effective Business in Services, and Effective Individual Business. Participants are evaluated by an interagency commission.
• Cluster Map of the Republic of Belarus

Quantifiable outcome

• 35 winners selected annually across 5 nomination categories in the National Entrepreneur of the Year competition
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and major.

• Presidential Decree No. 273coreOthers · 25 May 2010Presidential Decree establishing NAIP as the authorized body for attracting direct foreign investment to Belarus, including privatization matters. This is a legislative framework rather than a partnership with a specific organization.
• Eurasian Economic CommissioncoreStrategic or Co-development PartnerBelarus holds the EAEU chairmanship in 2025, coordinating economic policy positions among EAEU member states (Russia, Kazakhstan, Armenia, Kyrgyzstan). The Ministry coordinates public discussions of EEC draft acts and represents Belarus in EAEU economic affairs.
• State Development Bank (Bank Razvitiya)coreImplementation/ SI/ Consulting PartnerState Development Bank provides financing to SMEs through partner banks as part of the state SME support program. The Ministry coordinates this financing channel as part of its SME development mandate.
• Belarusian Fund of Financial Support to EntrepreneurscoreImplementation/ SI/ Consulting PartnerBelarusian Fund of Financial Support to Entrepreneurs (BelARP) provides microfinancing and startup support to small businesses. The Ministry oversees this fund as part of the state SME support infrastructure.
• Regional Executive Committees and Minsk City Executive CommitteecoreChannel Partner/ Reseller/ DistributorOblast and Minsk city executive committees implement state SME support programs locally, process entrepreneur competition applications, and provide regional economic coordination.
• China-Belarus Industrial Park Great StonemajorStrategic or Co-development PartnerThe China-Belarus Industrial Park is a major joint investment project. The Ministry provides promotion through its website and investment portals, facilitating Chinese investment into Belarus.
• Society of Joint Russian-Belarusian Economic CooperationmajorStrategic or Co-development PartnerCooperation on Union State programs and bilateral economic projects between Belarus and Russia.
• Obtained Public Consultative Bodies at State BodiesmajorStrategic or Co-development PartnerThe Public Consultative Expert Council for Entrepreneurship Development operates under the Ministry. Similar councils exist at 29 other government bodies for public-private dialogue on business regulation.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key highlights5 records

Customer concentration

• Xx.com/economy_gov_by
• YouTubeyoutube.com/channel/UCNEE-4SUDFdcBMrgrBZqb0A
• Facebookfacebook.com/economy.gov.by

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about Ministry of Economy of the Republic of Belarus