ANNOUNCEMENT 19 Oct 2013

In October 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: 19 Oct 2013 | Removal date: open ended
Still in force

Loan guarantee

With Decree 510 of 19 October 2013, the President of Belarus approved the issuance of a state guarantee for an investment credit (EUR 55.8 Mio.) Belarusbank will grant in 2013-2016 to the export orientated fabrics and yarn enterprise JSC "Kamvol". The credit must be repaid in the period 2016-2023, but the issuance and maturity dates of the state guarantee were not disclosed.
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.

AFFECTED SECTORS