ANNOUNCEMENT 17 May 2012

In May 2012, the government of Belarus announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Belorussian Government Decree #453 from 17 May 2012


Inception date: 17 May 2012 | Removal date: open ended
Still in force

Interest payment subsidy

In 2012 the Belorussian Government (according to Decree #453 of 17 May 2012) will reimburse 50% of the prevailing interest rate (defined to be the refinance rate of the National Bank of Belarus) for the loans which the fishing industry (18 organizations) have to pay back to Belagroprombank and 'Belarusbank'. The reimbursement is financed through the Belarus government budget. The decree is aimed to facilitate the development and modernisation of the fishing industry in Belarus. The modernization programme for the fishing industry was announced on 7 October 2010.
 
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