ANNOUNCEMENT 03 Sep 2014

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Decree of the Government of Belarus N861 dated 3.09.2014, О мерах по реализации инвестиционного проекта
открытым акционерным обществом «Управляющая компания холдинга «Белорусские обои» и внесении изменений в постановления Совета Министров Республики Беларусь от 26 февраля 2014 г. № 157 и от 26 марта 2014 г. № 264 (On Measures to Implement Investment Project by Belarusskie Oboi and Amending Government Decrees N157 dated 26.02.2014 and N264 dated 26.03.2014)

Inception date: 03 Sep 2014 | Removal date: open ended

Loan guarantee

On 3 September 2014, the Council of Ministers of the Republic of Belarus (according to Resolution Nr. 861) approved the issuance of state guarantees (without disclosing their exact maturity date in the legal act) to the beneficiary 'Belagroprombank'. The purpose of the state support is to cover the principal and part of the interest rates payments related to the loans 'Belagroprombank' extended to the management company of the holding 'Belorusskie oboi' for the financing of an investment project.

The main export markets of the holding 'Belorusskie oboi' are: Russia, Kazakhstan, Ukraine, Georgia, Uzbekistan, Bulgaria, Moldova, Turkmenistan, Mongolia, Lithuania, Kyrgyzstan, Latvia, Azerbaijan, and Poland.

AFFECTED SECTORS