PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of May 28, 2020 No. 177

About measures for development of the southeast region of the Mogilev region

For the purpose of creation of additional terms for complex social and economic development of the southeast region of the Mogilev region *, improvement of quality and level of living of the population:

1. Determine that:

1.1. within terms of implementation of investment projects **, provided by business plans or feasibility statements, within the actions of programs of social and economic development of the southeast region of the Mogilev region for the period till 2030 *** with attraction of the credits of JSC Development Bank Republic of Belarus (further – Development bank) budget transfers from the republican budget on compensation of part of the costs incured in case of implementation in 2021-2030 of these projects are provided to the organizations registered in the territory of the southeast region of the Mogilev region (further if other is not determined, – the organizations) in the amount of:

20 percent from the cost of capital expenditure excluding tax for value added according to the investment project – one-timely upon input of investee **** in operation in full;

15 percent from the cost of capital expenditure excluding tax for value added according to the investment project – monthly equal shares within three years from the date of investee exit to full design capacity according to the business plan of the investment project or the feasibility statement.

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* The term "southeast region of the Mogilev region" is applied in the value determined by the Presidential decree of the Republic of Belarus of June 8, 2015 No. 235 "About social and economic development of the southeast region of the Mogilev region".

** The list of investment projects taking into account the worked business plans or feasibility statements, the confirmed cost efficiency and justification of payback periods is determined by Council of Ministers of the Republic of Belarus based on offers of the Mogilev regional executive committee.

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