Belarusian Government Will Partially Pay Interests on Loans to Farms
OREANDA-NEWS. June 30, 2010. The Belarusian government will partially pay interests on 1.83 trillion Belarusian rubles (Br)’ worth of bank loans to farms to be extended in 2010 for construction and reconstruction of farming facilities, the press service of the president reported with reference to ordinance #303 of the president.
The loans will be extended by OAO Belagroprombank and OAO Belarusbank.
Loans are extended for eight years with repayment in equal monthly shares 12 months after the facility in question is launched. Banks will have a government security for the repayment of the loan.
The loans will make possible the completion of the construction and reconstruction of 736 farm facilities.
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