PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of May 6, 2014 No. 207

About stabilization of financial and economic condition of separate industrial bodies in 2014

For the purpose of stabilization of financial and economic condition of separate industrial bodies, I decide providing legal entities of the Republic of Belarus with the machinery and equipment:

1. Determine that:

1.1. legal entities of the Republic of Belarus have the right to perform in 2014 without carrying out tender at the expense of own and (or) borrowed funds acquisition of the machinery and equipment made by industrial bodies according to appendix under agreements of finance lease (leasing) at Promagroleasing open joint stock company on the following terms:

advance payment at least 15 percent from the cost of the machinery and equipment provided in the agreement of finance lease (leasing);

rewards (income) of the lessor in the amount of 2 annual interest rates;

compliance of term of transfer of the machinery and equipment established in the agreement of finance lease (leasing), to the loan granting term determined in Item 2 of this Decree;

1.2. the Promagroleasing open joint stock company makes in 2014 purchase of the machinery and equipment at industrial bodies according to appendix to this Decree for the subsequent transfer to leasing to legal entities of the Republic of Belarus according to the lists of the machinery and equipment approved with these legal entities, the Industry ministry and "Development Bank of the Republic of Belarus" open joint stock company at the expense of the loans granted by "Development Bank of the Republic of Belarus" open joint stock company and the means received by Promagroleasing open joint stock company in the form of advance payments under agreements of finance lease (leasing).

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