ANNOUNCEMENT 20 Aug 2014In August 2014, the government of Belarus announced a change to private-sector financial support.
NUMBER OF INTERVENTIONS
2014 20 2014 . 807
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The Council of Ministers of the Republic of Belarus (according to Decree 807 of 20 August 2014) has introduced beneficial state support to Loevskij kombinat, a state-owned company that manufactures bricks, tiles and other construction products in baked clay. In particular, the interest payments of its investment loan (provided by Belagroprombank) will be partially reimbursed from the 2014 republican budget. The loan's amount is 7 702.7 million BYR (approximately 772.58 million USD).
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.