IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

state-controlled

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Jun 2013 | Removal date: 06 Dec 2013
Still in force

Interest payment subsidy

The Council of Ministers of the Republic of Belarus (according to Decree 468 of June 7, 2013) has introduced beneficial state support to Loevskij kombinat stoitelnyh materialov, a state-owned company that manufactures bricks, tiles and other construction products in baked clay. In particular, the interest payments of its investment loan (provided by Belagroprombank) will be partially reimbursed from the 2013 republican budget. The reference rate for the reimbursement is calculated as 50 per cent of the refinancing rate of the National Bank of Belarus on the respective due dates of 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

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

375 Articles of concrete, cement & plaster
6810 Articles of cement, of concrete or of artificial stone, whether or not reinforced.
681091 Prefabricated structural components for building or civil engineering
681099 Other

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