Фото: Беллегпром
By Resolution No. 83, the Council of Ministers has ordered the continuation of state support for the Orsha Linen Mill and OJSC Kamvol in 2026.
This year, the budget will compensate Belarusbank for losses on a loan provided to the Orsha Linen Mill for the construction of service housing. The compensation will cover the difference between the National Bank’s refinancing rate increased by three percentage points and the loan rate of 5% per annum.
The Orsha Linen Mill will also receive compensation for interest paid on a Chinese export loan amounting to 100% of the loan’s interest rate. Reimbursement will be made in Belarusian rubles at the National Bank exchange rate. The loan, totalling 51.8 million dollars, was issued at the end of 2015 for a modernisation project at the enterprise.
This year, the budget will also continue to cover interest payments on loans issued by Belarusbank to OJSC Kamvol, in the amount of 100% of the interest rate, but not exceeding 8% per annum.