ANNOUNCEMENT 16 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

SOURCE




16 2014 . 358
http://pravo.by/main.aspx?guid=3871&p0=C21400358&p1=1&p5=0
Official Exchange Rate of the Belarusian Ruble Against Foreign Currencies Set by the National Bank of the Republic of Belarus on a Daily Basis as of 16 April 2014
http://www.nbrb.by/engl/statistics/rates/ratesDaily.asp


Inception date: 16 Apr 2014 | Removal date: 16 Apr 2015
Still in force

Loan guarantee

With Decree Nr. 385 of April 16, 2014, the Council of Ministers of Belarus authorised the issuance of state guarantees in 2014 to Belarusbank, Belinvestbank, Sberbank and Belagroprombank for the short term loans (4 596 460 million Belorussian Rubles, or approximately 462 million USD) with maturity of up to one year that they have extended to selected companies operating in the local sugar confectionery and bakery sectors. 
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