ANNOUNCEMENT 30 Sep 2015In September 2015, the government of Belarus announced a change in financial export support.
NUMBER OF INTERVENTIONS
On 30 September 2015 entered into force Decision No. 811 of the Council of Ministers of the Republic of Belarus. It has authorised the compensation of BPS-Sberbank during the years 2015--2018 for the provision by it of an export credit to the firm Gomeloboi. The loan is of the amount of 1.127 billion Russian Roubles (approximately 17.07 million USD). The purpose of the credit is production and sale of export products under credit agreement No. 300-90004/15, dated 18 August 2015.
The affected trading partners have been identified on the basis of the international dealership network of the company "Gomeloboi".
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.