ANNOUNCEMENT 04 Feb 2013In February 2013, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
. 4 2013 . 57, http://www.pravo.by/main.aspx?guid=3871&p0=P31300057&p1=1
With Decree 57 of February 4, 2013, the President of the Republic of Belarus authorised the state financing of an investment project (EUR 15.73 million) in the confectionery industry. The purpose of this project is to build a confectionery factory as a part of the state strategy to increase competitiveness and modernisation of the Belarusian food industry.
In particular, the state financing scheme of the investment project foresees:
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.