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News from our offices

01.04.2008

Support of the Entities that Attract Foreign Investments


On March 21, 2008 the President of the Republic of Belarus signed Edict № 168 «On Some Measures of Realization of the Investment Projects Financed at the Expense of External State Loans (Credits)». This Edict implies rendering state support to those enterprises which involve external state loans for realization of investment projects.

The Edict provides for:
• compensation (from the republican budget) of 50 % of the sum of percentage payments for using external loans;
• exemption from payments for getting guarantee of the Government,
• commission restriction,
• exemption from custom payments and VAT for import of manufacturing equipment and spare parts to it, necessary for the realization of investment projects,
• simplification of the procedures of the goods (services) purchase.

Thus, it is planned that such a state support will essentially cut down the final costs of credit resources for the organizations-borrowers and create more favourable conditions for attraction of foreign investments into the Republic of Belarus.

Edict № 168 «On Some Measures of Realization of the Investment Projects Financed at the Expense of External State Loans (Credits)» of March 21, 2008

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