ANNOUNCEMENT 25 Mar 2013

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 25 Mar 2013 | Removal date: 25 Mar 2014
Still in force

Interest payment subsidy

With Decree 212 of March 25, 2013, the Council of Ministers of Belarus partially compensates (through Belarusbank, Belvnesheconombank and Belinvestbank) three pharmaceutical companies for the interest payments of their investment loans. Specifically, 75 per cent of the interest payments will be reimbursed, where the official exchange rate of the National Bank of Belarus is used as the reference to calculate the amount of compensation, payable in Belarusian Roubles.

 
The decree enters into force on March 25, 2013 and affects investment loans issued after January 1, 2013.
 
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.

''2''

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AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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