ANNOUNCEMENT 03 Apr 2015In April 2015, the government of Belarus announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 3 April 2015, the Belarusian government provided a loan guarantee to the Republican Unitary Enterprise "ZhodinoAgroPlemElita" (Decree Nr. 274). The guarantee concerns a loan from Belarusbank and secures the repayment of the principal and interest of two loans worth 294 billion Belarusian Roubles (ca. 20.32 million USD) and 3 million EUR. The purpose of the loans is to finance the building of pig-breeding complex and their maturity is state to be 28 February 2022.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.