ANNOUNCEMENT 28 Mar 2014In March 2014, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
With Decree 285 of March 28, 2014, the Council of Ministers of Belarus authorised the issuance of state guarantees to Belarusian pharmaceutical companies in 2014 and 2015. In addition, four enumerated pharmaceutical companies will receive in 2014 a reimbursement of 75 per cent of the interest payments on their loans.
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.