ANNOUNCEMENT 09 Jun 2011

In June 2011, the government of Belarus announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Government Decree #743 from 9 June 2011 - http://www.government.by/upload/docs/filebb1b87e378aa53e6.PDF
http://www.government.by/ru/content/3895


Inception date: 09 Jun 2011 | Removal date: open ended

Loan guarantee

 By the Belorussian Government Decree #743 from 9 June 2011 the government guarantee (30 billion rubles (4.2 million Euros)) to the paper production plant "Spartak" was introduced to finance the technical restructuring of the plant. Theloan is given by "Belarusbank" under state guarantee. The loan is due to 30 April 2016. The plant will buy the European equipment to produce high quality paper (paper, carton, napkins, toilet paper and others). This government support has an import substitution intention as stated at the government webpage (http://www.government.by/ru/content/3895). This measure will allow to save foreign currency instead of buying expensive foreign paper products abroad.

AFFECTED SECTORS

 
321 327

AFFECTED PRODUCTS

 
480100 480240 480254 480255 480256 480257 480258 480300 480411 480431 480451 480511 480519 480524 480591 480592 480593 480620 480810 480890 481013 481019 481029 481092 481141 481151 481159 481190 481320 481390 481420 481490 481810 481890 481910 481920 481930 481940 482010 482020 482110 482190 482210 482290 482390
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