IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Interest payment subsidy

With Decree 301 of July 8, 2013, was stipulated that the Council of Ministers of Belarus must submit for pre-approval to the President lists of legal entities, which subsequently can take advantage of state support for investment projects. 

According to the decree, legal entities that implement investment projects in the period 2014-2017 will be able to get a refund on their interest payments on bank loans (without any increase of the state's share in their authorised capital).
 
The condition for the provision of state support is the achievement until 2016 of value added per worker not below the average thresholds set in the annex of Decree No. 301. In particular, for projects in the production of fuel and energy minerals the threshold annual value added per employee is set at USD 117,000; for food, beverages and tobacco - at USD 35,400; for textiles - at USD 22,000; for wooden products - at USD 16,600; for chemicals - at USD 134,000, for pharmaceuticals - at USD 45,300; for vehicles and equipment - at USD 53,500.
 
Article 3.3 of Decree No. 301 stipulates that within three months a list of eligible juridical persons as beneficiaries must be prepared and sent to the President of the Republic of Belarus. This list is not publicly available. Therefore, the GTA has identified the affected trading partners and sectors on the basis of the annex of Decree No. 301 and 9 juridical persons that benefit under Decree No. 579 of 16 June 2014. It constitutes the first implementation legal act, related to the framework measure under Decree No. 301.
 
Decree No. 301 enters into force on 1 January 2014.
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1001 Wheat and meslin.
100199 Other
215 Animal fats
0209 Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked.
020910 Of pigs
221 Processed liquid milk, cream & whey
0401 Milk and cream, not concentrated nor containing added sugar or other sweetening matter.
040150 Of a fat content, by weight, exceeding 10 %
0404 Whey, whether or not concentrated or containing added sugar or other sweetening matter; products consisting of natural milk constituents, whether or not containing added sugar or other sweetening matter, not elsewhere specified or included.
040410 Whey and modified whey, whether or not concentrated or containing added sugar or other sweetening matter
222 Other dairy products
0402 Milk and cream, concentrated or containing added sugar or other sweetening matter.
040210 In powder, granules or other solid forms, of a fat content, by weight, not exceeding 1.5 %
040221 Not containing added sugar or other sweetening matter
0403 Buttermilk, curdled milk and cream, yogurt, kephir and other fermented or acidified milk and cream, whether or not concentrated or containing added sugar or other sweetening matter or flavoured or containing added fruit, nuts or cocoa.
040310 Yogurt
040390 Other
347 Plastics in primary forms
3912 Cellulose and its chemical derivatives, not elsewhere specified or included, in primary forms.
391239 Other

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