Belarus' Spartak Paper Factory Gets Debt Settlement Plan
OREANDA-NEWS. Belarus' OAO Spartak Paper Mill (Mogilev Region) is supposed to pay back the USD 29.54 million government credit in the 2009-2021 period in accordance with a debt settlement plan provided by the Ministry of Finance.
The President of Belarus adopted an ordinance to this effect on December 9, 2013.
According to the debt settlement plan, Spartak Paper Mill is supposed to pay back USD 200,000 in 2009, USD 4.185 million - in 2010-2013, USD 25.269 million in equal instalments in the 2014-2021 period.
The budget loan was taken to facilitated construction and installation operations at Spartak Paper Mill.
Spartak Paper Mill was established in 1898 and converted into an OAO in 1994. The company specializes in producing basic toilet paper, prefabricated corrugated paper and cardboard, corrugated cardboard boxes.
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