ANNOUNCEMENT 11 Apr 2013In April 2013, the government of Belarus announced a change to private-sector financial support.
NUMBER OF INTERVENTIONS
With Decree 283 of April 11, 2013, the Council of Ministers of Belarus provides a state guarantee and partially compensates (through Belarusbank) the paper factory 'Zavod gazetnoj bumagi' for the interest payments of its investment loan. Specifically, 50 per cent of the interest payments will be reimbursed, where the official rate of the National Bank of Belarus is used as the reference to calculate the amount of compensation.
This state measure is to be covered with financial resources from the republican budgets in 2013-2016.
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.