ANNOUNCEMENT 24 Jan 2013

In January 2013, the government of Belarus announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Постановление Совета Министров
от 24.01.2013 № 53, О предоставлении гарантий Правительства Республики Беларусь в погашении кредитов и возмещении части процентов за пользование банковскими кредитами, http://www.government.by/ru/solutions/1953

http://www.gomelglass.com/en/catalogue/polished-glass/

Inception date: 24 Jan 2013 | Removal date: 24 Dec 2014
Still in force

Loan guarantee

With Decree 53 of January 24, 2013, the Council of Ministers of Belarus authorised the issuance of state guarantees to Belarusbank (in 2013 and 2014) for the partial coverage of the investment loan for modernisation purposes it extended to the glass factory Gomelsteklo.

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