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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of February 3, 2012 No. 113

About development of the organizations of linen industry

(as amended on 09-10-2014)

For the purpose of financing of reconstruction (upgrade) and technical retrofitting of the organizations of linen industry the Council of Ministers of the Republic of Belarus DECIDES:

1. Suggest Belagroprombank open joint stock company to issue in 2012-2013 to the organizations according to appendix credits to the amount of 258 billion rubles for the implementation of construction, reconstruction (upgrade) and acquisition of processing equipment provided in the complex business plan of development of linen industry of the Republic of Belarus in 2013-2015 approved by the resolution of Council of Ministers of the Republic of Belarus of March 20, 2013 No. 201 "About the complex business plan of development of linen industry of the Republic of Belarus in 2013-2015" (The national legal Internet portal of the Republic of Belarus, 26.03.2013, 5/37037), with interest payment for use of the credits in the amount of no more than 3 percent points.

2. Compensate in 2012 at the expense of the means of the republican budget provided on other expenses in the field of agricultural industry, part of interest for using the credits issued to the organizations specified in appendix to this resolution according to Item 1 of this resolution in the amount of 50 percent of refunding rate of National Bank.

Compensate in 2013-2014 at the expense of the means of the republican budget provided on other questions in the field of agricultural industry, to the organizations specified in appendix to this resolution, part of the paid (added) from the date of conclusion of the agreement on July 23, 2014 interest for using the credits issued in Belarusian rubles in 2012-2013, according to the procedure and on the conditions determined by the Presidential decree of the Republic of Belarus of June 20, 2011 No. 256 "About additional measures for implementation of state programs in the field of agricultural industry" (The national register of legal acts of the Republic of Belarus, 2011, No. 71, 1/12621), in the amount of 50 percent of the refunding rate of National Bank operating (taking into account its change) in the corresponding period of charge of percent.

3. The released funds are allocated by the organizations specified in appendix to this resolution, in 2012 and the next years on replenishment of own current assets.

4. Determine that condition of rendering the state support to the organizations according to part one of Item 2 of this resolution is accomplishment by them in 2012 indicator of the forecast of social and economic development of the Republic of Belarus in profitability of sales.

5. Confer the personal responsibility for accomplishment of the indicator specified in item 4 of this resolution, on heads of the organizations, chairmen of regional executive committees, the deputy minister of the agricultural industry and food supervising questions of development of crop production, and the Deputy prime minister of the Republic of Belarus supervising questions of agro-industrial complex.

6. Recommend to local executive and administrative organs in need of the procedure established by the legislation:

provide to Belagroprombank open joint stock company of guarantee in repayment of the credits issued to the organizations according to Item 1 of this resolution;

compensate in 2012 at the expense of means of the corresponding local budgets part of interest for using the credits issued to the organizations according to Item 1 of this resolution in the sizes determined in part one of Item 2 of this resolution;

compensate in 2013-2014 by money transfer into the special accounts opened by the organizations in banks according to the Presidential decree of the Republic of Belarus of June 20, 2011 for No. 256, based on the data on the amounts of the added interest for using the credits provided by these organizations and approved with banks with transfer of these means to banks within seven calendar days from the date of their receipt at the expense of means of the corresponding local budgets part paid (added) from the date of conclusion of the agreement on July 23, 2014 interest for using the credits issued to the organizations:

in 2012-2013 according to Item 1 of this resolution, in the amount of, determined in part two of Item 2 of this resolution.

7.  No. 268 is excluded according to the Resolution of Council of Ministers of the Republic of Belarus of 05.04.2013

8. To provide to the state committee on property together with the Ministry of Agriculture and Food, regional executive committees in accordance with the established procedure in 2013 and the next years increase in share of the Republic of Belarus in authorized capitals of the organizations at compensation amount of part of interest for using the bank loans issued according to Item 1 of this resolution.

8-1. To the Ministry of Finance when forming the republican budget for 2014 to provide funds for compensation of part of interest for using the credits according to part two of Item 2 of this resolution.

9. To impose control over the implementation of this resolution on the Ministry of Agriculture and Food.

10. This resolution becomes effective from the date of its acceptance.

Prime Minister of the Republic of Belarus

M. Myasnikovich

Appendix

to the Resolution of Council of Ministers of the Republic of Belarus of February 3, 2012 No. 113

The list of the organizations to which the credits are issued by Belagroprombank open joint stock company

1. Butler Flax-processing Plant open joint stock company.

2. Dubrovensky Flax-processing Plant open joint stock company.

3. Korelichi-Len open joint stock company.

4. Lyakhovichsky Flax-processing Plant open joint stock company.

5. Orekhovo Flax-processing Plant open joint stock company.

6. Postavsky Flax-processing Plant open joint stock company.

7. No. 268 is excluded according to the Resolution of Council of Ministers of the Republic of Belarus of 05.04.2013

8. No. 268 is excluded according to the Resolution of Council of Ministers of the Republic of Belarus of 05.04.2013

9. Pruzhansky Flax-processing Plant open joint stock company.

10. Shklovsky Flax-processing Plant open joint stock company.

11. Volozhinsky Flax Processing Business open joint stock company.

Appendix 2

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