ANNOUNCEMENT 02 Aug 2013In August 2013, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
2 2013 . 684,
Agro-industrial Complex of Belarus,
With Decree 684 of August 2, 2013, the Council of Ministers of Belarus authorised the provision of state guarantees with a total amount of BYR 300 billion (approx. USD 34 million) to Sberbank for the credit it had provided to Belagroservice. The purpose of the loan to Belagroservice was the purchase of modern machinery and equipment which shall be leased to the Belarusian agro-industrial sector.
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.