ANNOUNCEMENT 10 Apr 2014In April 2014, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
10 2014 . 340
JSC "Minsk Leather Production Association"
With Decree 340 of April 10, 2014, the Council of Ministers of Belarus granted a partial interest rate reimbursement to the Open Joint Stock Company "Minsk Leather Production Association". The subsidized loan has a volume of EUR 20 million and was originated by Belarusbank.
The main export markets of the company are: Russia, Ukraine, Lithuania, the Czech Republic, Italy, Spain, Great Britain, China and Portugal.
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.