ANNOUNCEMENT 13 Jan 2012

In January 2012, the government of Belarus announced interest payment subsidies to the local cement industry.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Belorussian Government Decree #44 dated 13 January 2012, О возмещении в 2012 году организациям цементной промышленности части процентов за пользование банковскими кредитами и предоставлении гарантий Правительства Республики Беларусь (On Partial Reimbursement, in 2012, of Loan Interest Payments and Loan Guarantees to the Companies in the Cement Industry), http://www.government.by/ru/solutions/1769 (Attached are the text of the decree and lists of companies eligible for interest payment support and state guarantees

Inception date: 13 Jan 2012 | Removal date: 12 Jan 2014

Interest payment subsidy

The Belarusian Government (according to Decree #44 of 13 January 2012) reimburses 50% of the prevailing interest rate (defined to be the refinance rate of the National Bank of Belarus) for the loans which firms in the cement industry have to pay back to Belarusbank. The reimbursement is financed through the Belarus government budget. The decree is aimed to facilitate the development and modernisation of the cement industry in Belarus. 
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 SECTORS

 
Inception date: 13 Jan 2012 | Removal date: 12 Jan 2014

Loan guarantee

The Belarusian Government (according to Decree #44 of 13 January 2012) issued state guarantee on two loans which firms in the cement industry have taken from Belarusbank. 

The decree is aimed to facilitate the development and modernisation of the cement industry in Belarus. 


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.