ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
The Council of Ministers of the Republic of Belarus (according to Decree 244 of April 1, 2013) has introduced beneficial state support to selected companies, producing agricultural and animal products. Concretely, the decree contains clauses that the interest payments of the loans of the companies are to be partially reimbursed at 50% or at 100% of the prevailing interest rate (defined as the refinancing rate of the National Bank of Belarus)on the due date of the respective interest payments.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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