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“Belshina” to Get Subsidies
11:12, 23/05/2002

Over the four months this year the production volume at the “Belshina” tyre-making manufacture constituted 84% of the concomitant last year’s level. In April 2002 the fall in the production volume as compared to the level of April 2001 constituted almost 80%. The major reason for that is the deficit of turnover assets. Belarus Prime Minister Gennady Novitsky decided to correct the situation and earmark to “Belshina” a $6mln loan under 12% interest rate a year.

The head of the government, reports BDG, entitled the company’s leadership to hand over by June 1 to the balance of local authorities all objects relating to the social sphere, clear off debts before the budget and ensure the fulfillment of planned parameters in this half-year.



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