ANNOUNCEMENT 03 Jun 2013

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 03 Jun 2013 | Removal date: 03 Jun 2015
Still in force

Capital injection and equity stakes (including bailouts)

On 3 June 2013, the Council of Ministers of the Republic of Belarus (according to Resolution Nr. 441) agreed to two capital injections for the management company of the export-oriented holding «Belorusskie oboi». The first capital injection in 2013 shall have a value of USD 23,963,000 in 2013. The second injection in 2014 will add a further USD 12,500,000.
 
The purpose of the state's cash contribution is to finance an infrastructure project of the company in its architectural documentation preparation and construction phases. The main export markets of the holding «Belorusskie oboi» are: Russia, Kazakhstan, Ukraine, Georgia, Uzbekistan, Bulgaria, Moldova, Turkmenistan, Mongolia, Lithuania, Kyrgyzstan, Latvia, Azerbaijan, Poland.

AFFECTED SECTORS