PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of June 21, 2016 No. 230

About entering of amendments and changes into the Presidential decree of the Republic of Belarus

For the purpose of enhancement of complex incentive system of export I decide:

1. Bring in the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534 "About assistance to commodity export development (works, services)" (The national register of legal acts of the Republic of Belarus, 2006, No. 143, 1/7870; 2008, No. 159, 1/9837; 2009, No. 201, 1/10941; No. 277, 1/11114; 2012, No. 30, 1/13377; National legal Internet portal of the Republic of Belarus, 29.07.2014, 1/15187) following amendments and changes:

1.1. in Regulations on the insurance of export risks with support of the state approved by this Decree:

Item 2 after the words "export loans" to add with the words "and also banks and the non-bank credit and financial organizations of the Republic of Belarus (factors) performing financing of residents under concession of monetary claim (factoring) in case of implementation of export contracts";

part the second subitem 6.1 of Item 6 after words "execution of the export contract," to add with words "the credit agreement about provision of export loan,";

in Item 7:

add part one with the words "or risk of the international or regional financial organization, being the partner of the insurer";

the second after words of "policy risk" to add part with words ", and also risks of the international and regional financial organizations";

in Item 12:

from word part one", in case of refusal of their acceptance in reinsurance by the state insurance company performing insurance activity only on reinsurance" to exclude;

in part two of the word "in case of accomplishment" shall be replaced with words "without taking into account";

1.2. in part two of Item 2 of the Regulations on procedure for issue and use of budget advances for payment of insurance indemnities for insurance contracts of export risks with support of the state approved by this Decree of the word "10 percent" shall be replaced with words "5 percent".

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