ANNOUNCEMENT 04 Apr 2014

In April 2014, the government of Belarus announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 04 Apr 2014 | Removal date: open ended
Still in force

Interest payment subsidy

With Decree 310 of 4 April 2014, the Council of Ministers of Belarus approved the partial reimbursement of the interest rate payments to JSC "Kamvol", an export-orientated fabrics and yarn enterprise. The payments are granted for a loan of EUR 3.5 million originated by Belarusbank.

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