ANNOUNCEMENT 01 Dec 2011
In December 2011, the government of Belarus announced several loan guarantees targeting modernisation projects at the dairy companies.
NUMBER OF INTERVENTIONS
Belorussian Government Decree #1630 from 1 December 2011, О предоставлении гарантий Правительства Республики Беларусь в погашении кредитов (On Government Loan Guarantees), http://www.government.by/ru/solutions/1739
The Government of the Republic of Belarus (according to Decree #1630 of 1 December 2011) issued government guarantees for loans which firms operating in the milk industry have to pay back to Belagroprombank and to Belarusbank.
The decree is aimed to facilitate the development and modernisation of the milk 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.