ANNOUNCEMENT 13 Mar 2014In March 2014, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
13 2014 . 215
With Decree 215 of March 13, 2014, the Council of Ministers of Belarus approved a state guarantee for loans from Belarsbank to the company Svetlogorsk pulp & board. The guaranteed loan was awarded on 30 December 2013 for the amount of USD 5.25 million with a maturity date set at 29 December 2020.
Among the main products that the export-orientated Svetlogorsk pulp & board manufactures are: transport packages from corrugated cardboard, boxes of corrugated board and paper bags.
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.