ANNOUNCEMENT 26 Dec 2012In December 2012, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Government Decree 1208 of December 26, 2012, http://www.pravo.by/main.aspx?guid=3871&p0=C21201208&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
With Government Decree 1208 of December 26, 2012, Belarus provided a state guarantee to 'Belarusbank' for its loan (USD 65 447 600) extended to the Open Joint Stock Company "Krichevcementnoshifer". The main products of the company are: Portland, sand Portland and asbestos cement.
The state guarantee entered into force on 30 June 2014 and expires on 30 September 2019.
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.