IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 01 Apr 2013 | Removal date: 30 Dec 2013
Still in force

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.

AFFECTED COUNTRIES

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