OREANDA-NEWS. January 22, 2013. Belarus’ manufacturers of cattle fodder will receive Br209.4 billion (USD 24.434 million) in government subsidies in 2013. According to government resolution #1221, fodder producers will have loan interest payments refunded by the government.

The refund will be at 50% of the NBB’s refinancing rate for ruble loans, and a half of the interest rate for hard-currency loans.

Belgaroprombank’s credit portfolio for fodder producers now totals Br129.7 billion (USD 15.134 million), Belarusbank – Br79.7 billion (USD 9.3 million). All the credits are secured by the government. The one-off payment for government loan guarantees will make up 0.01% of the loan.

The subsidy targets 14 companies in Grodno Region and Minsk Region.