ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
With Decree 232 of 19 March 2014, the Prime Minister of Belarus approved the partial reimbursement in 2014-2020 of interest rates on loans of selected Belarusian lessors specified in Annex 1 of the legal document.
The purpose of the eligible loans is the purchase of transportation vehicles. On the basis of the publicly available information concerning the ownership of the beneficiaries it is apparent that a key criterion for their selection has been state ownership.
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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