“Naftan” Raises Size of Mortgaged Assets 11:03, 02/07/2002
The Cabinet of Ministers of Belarus allowed to the “Naftan’ company of Novopolotsk to raise the size of all its mortgaged property in the “Bank of international trade and investments” and the National Bank to 117,525mln Belarusian rubles (equivalent of $70mln).
Meantime, they augmented the limit of the maximum indebtedness to the size of the credit line ($61mln) in order to finance the investment projects in accordance with the Program of modernization and reconstruction of “Naftan” for the period of 1999-2003.
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