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Belarus' Development Bank chief speaks about results of export support measures
Clients have become more active, Chairman of the Board of the Development Bank of the Republic of Belarus Aleksandr Yegorov said on the air of the Belarus 1 TV channel, BelTA informs. “If we talk about export support, customers have become more active, of course.
The rise in activity was achieved, among other things, due to amendments to Decree No. 534. This has to do primarily with the provision of pre-export loans — loans to buy raw materials, to manufacture and export products.
Secondly, the collateral requirements have been lifted. Now, if a special account is opened with the Development Bank, export earnings must be credited directly on this special account, and in this case a collateral is not needed.
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