ANNOUNCEMENT 30 Dec 2012

In December 2012, 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 1264 of December 30, 2012, http://www.pravo.by/main.aspx?guid=3871&p0=C21201264&p1=1

List of Representative Offices of Foreign Banks in the Republic of Belarus
as of 05.11.2012, http://www.nbrb.by/engl/system/fbanks.asp

http://www.chemmarket.info/en/news/view/4695/


Inception date: 30 Dec 2012 | Removal date: open ended
Still in force

Loan guarantee

With Government Decree 1264 of December 30, 2012, Belarus provided a state guarantee to 'Belarusbank' for the following investment and plant reconstruction-related loans extended to 'Mineral Wax Plant' JSC:

  • EUR 45 845 439 with interest rate defined as CIRR plus 0.82% p.a. with maturity after 8 years;
  • EUR 7 230 000 with interest rate defined as Euribor 12m plus 3.00% p.a. with maturity after two years.


'Mineral Wax Plant' JSC produces a range of petrochemical products for various industries.

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

 

AFFECTED PRODUCTS