A competition of investment projects of small business entities has been announced for financial support
The Vitebsk Regional Executive Committee's Economics Committee announces a competition for investment projects of business entities to provide state financial support.
State financial support is provided to small business entities of the Vitebsk region, as well as additionally to medium-sized business entities of the Orsha district of the Vitebsk region, implementing investment projects, 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 accessories, purchase of component parts, raw materials and materials for own production and service provision.
State financial support is provided by way of:
- subsidies to reimburse part of the interest for the use of bank loans,
- subsidies to reimburse part of the expenses for lease payments under financial lease agreements
An 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 for the use of bank loans obtained:
- in Belarusian rubles, is carried out in the amount of not more than 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 – in the amount of not more than 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.
The Vitebsk Regional Executive Committee's Economics Committee accepts documents for participation in the competition.