ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
With Decree 245 of March 25, 2013, the Council of Ministers of Belarus partially compensates (through Belarusbank and Belinvestbank) three cement producers ("Belarusian Cement Plant", "Krichevtsementnoshifer" and "Krasnoselskstroimaterialy") for interest payments on their investment loans.
Specifically, 50 per cent of the interest payments will be reimbursed. For foreign currency denominated loans the reimbursement is calculated on the basis of the official exchange rate of the National Bank of Belarus on the due date of the respective interest payment.
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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