28 March 2024, Thursday, 20:26
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Construction companies to pay loans using budget funds

Construction companies to pay loans using budget funds

The authorities will grant government aid to nine companies in the construction sector.

It follows from regulation of the cabinet of ministers No.228 of March 25, 2915. Under the document, the government will provide aid to nine companies of the construction sector and allows them to use budget funds to pay a part of interests on bank loans issued to the companies.

The amount of the compensation will make 50% of the National Bank's discount rate set at the day of paying the interest if a company has loans in Belarusian rubles, and 50% of the loan interest rate paid in Belarusian rubles in accordance with the exchange rate set by the National Bank on the day of paying the interest if a company has loans in foreign currency.

The government's aid will be granted to Mahilou housebuilding company, Vitebsk housebuilding company, Homel housebuilding company, Babruisk housebuilding company, Svetlahorsk housebuilding company, Salihorsk housebuilding company, Borisovzhilstroy company, construction and installation group No.16 (Navapolatsk) and Babruisk construction complex.

The state's share in the companies will be increased in accordance with the amount of the state aid provided.

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