ANNOUNCED AS TEMPORARYNo
On November 1, 2013, the Council of Ministers of the Republic of Belarus approved Resolution 950 authorising the issuance of state letters of guarantees for the credits drawn by eight key Belarusian enterprises in the timber, cellulose and paper production industry. The reimbursements are paid from the 2013 national budget.
The GTA includes 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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