ANNOUNCED AS TEMPORARYNo
With Decree Nr. 385 of April 16, 2014, the Council of Ministers of Belarus authorised the issuance of state guarantees in 2014 to Belarusbank, Belinvestbank, Sberbank and Belagroprombank for the short term loans (4 596 460 million Belorussian Rubles, or approximately 462 million USD) with maturity of up to one year that they have extended to selected companies operating in the local sugar confectionery and bakery sectors.
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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