IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 28 Aug 2013 | Removal date: open ended

Interest payment subsidy

On 28 August 2013, the government of Serbia granted state aid in the form of a short-term, interest-free loan to Simpo (a Serbian furniture manufacturer). The loan amount was RSD 1.5 billion (ca. EUR 13 million) and was designated for financing the repayment of Simpo's accumulated debt for mandatory pension contributions.
 
On the same date, the government of Serbia granted an approval to the state-controlled Serbian Development Fund to issueguarantees for Simpo's loan to cover working capital needs.
 
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

271 Made-up textile articles
9404 Mattress supports; articles of bedding and similar furnishing (for example, mattresses, quilts, eiderdowns, cushions, pouffes and pillows) fitted with springs or stuffed or internally fitted with any material or of cellular rubber or plastics, whether or
940490 Other
381 Furniture
9401 Seats (other than those of heading 94.02), whether or not convertible into beds, and parts thereof.
940130 Swivel seats with variable height adjustment
940140 Seats other than garden seats or camping equipment, convertible into beds
940161 Upholstered
940171 Upholstered
940179 Other
940180 Other seats
940190 Parts
9403 Other furniture and parts thereof.
940320 Other metal furniture
940360 Other wooden furniture
940390 Parts
9404 Mattress supports; articles of bedding and similar furnishing (for example, mattresses, quilts, eiderdowns, cushions, pouffes and pillows) fitted with springs or stuffed or internally fitted with any material or of cellular rubber or plastics, whether or
940410 Mattress supports
465 Electric filament or discharge lamps; lighting equipment; parts
9405 Lamps and lighting fittings including searchlights and spotlights and parts thereof, not elsewhere specified or included; illuminated signs, illuminated nameplates and the like, having a permanently fixed light source, and parts thereof not elsewhere spe
940510 Chandeliers and other electric ceiling or wall lighting fittings, excluding those of a kind used for lighting public open spaces or thoroughfares
940540 Other electric lamps and lighting fittings
940560 Illuminated signs, illuminated nameplates and the like

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