ANNOUNCEMENT 09 Jan 2012In January 2012, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Decree 25 of 9 January 2012, http://pda.government.by/upload/docs/filedc5a63c909856255.PDF
JSC ?Svetlogorsk pulp and board plant?, http://www.sckk.by/ru/product/pack/
With Government Decree 25 of January 9, 2012, Belarus provided a state guarantee to 'Belarusbank'. The purpose of this guarantee is to cover the advance payments and the insurance fee of a loan extendedby the Import-Export Bank of China to the company JSC «Svetlogorsk pulp and board plant». In addition, 50 per cent of the interest payments will be covered by the 2012-2013 state budget.
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.