ANNOUNCED AS TEMPORARYNo
Presidential Decree No. 87 of 5 March 2016 stipulates that Belarusbank and Belagroprombank will issue loans in 2016 related to agriculture.
The main purpose of the loans is purchase from producers of crop production for state needs at the amount of BYR 4.3 trillion, or 202 million USD. The concrete costs to be covered by the subsidies are advance payments, partial recovery of production costs, and transportation costs.
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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