The Vitebsk Regional Executive Committee's Economics Committee announces a competition for investment projects by business entities to provide state financial support.

State financial support is provided to small business entities in the Vitebsk region, and additionally to medium-sized business entities in the Orsha district of the Vitebsk region, implementing investment projects and business projects for the purpose of construction, acquisition of capital structures (buildings, structures), isolated premises and/or their repair and reconstruction, acquisition of equipment, vehicles, special devices and appliances, procurement of component parts, raw materials and materials for own production and service provision.

State financial support is provided in the form of:

  • subsidies to reimburse part of the interest on bank loans,
  • subsidies to reimburse part of the expenses for lease payments under financial lease agreements.

A mandatory condition for providing state financial support on a competitive basis to business entities is the creation of new jobs.

Reimbursement of part of the interest on bank loans obtained:

  • in Belarusian rubles is carried out at a rate not exceeding 0.5 of the refinancing rate of the National Bank of the Republic of Belarus, established on the date of reimbursement of part of the interest;
  • in foreign currency – at a rate not exceeding 0.5 of the loan rate.

Reimbursement is made in Belarusian rubles at the official exchange rate of the National Bank of the Republic of Belarus on the date of the decision to reimburse part of the interest.

Reimbursement of part of the expenses for lease payments under financial lease agreements is carried out at a rate not exceeding 0.5 of the lessor's remuneration (income).

In the case of acquiring leased assets for foreign currency, reimbursement of part of the expenses for lease payments is made in Belarusian rubles at the official exchange rate of the National Bank on the date of the decision to reimburse part of the expenses for these payments.

The Vitebsk Regional Executive Committee's Economics Committee accepts documents for participation in the competition.

More details.