Resolution of the Council of Ministers of the Republic of Belarus

Resolution of the Council of Ministers of the Republic of Belarus

No. 791 of May 27, 1999

[Amended as of  October 13, 2000]

 

 

On Some Problems of Implementing the Projects of the Import Substitution State Program

 

 

With the aim of improving and intensifying the work of implementation of the Import Substitution State Program, simplifying the procedure of expertise of the program projects and financing the said projects the Council of Ministers of the Republic of Belarus has decided:

To state that:

when the investment projects, requiring the capital investments in the amount by 100 000 US Dollars (according to the exchange rate of the National Bank), are included to the list of projects of the Import Substitution State Program approved annually by the Ministry of Economy, the following materials must be provided by the economic entities: and expert conclusion by the ministry, another republican state control authority, the regional executive committee or Minsk City Executive Committee about effectiveness of the investment project along with the respective substantiation of the project, the documents confirming that there is no delayed indebtedness against the loans provided to the economic entity from the budget on a payment and return basis, against bank credits, the balance sheet and reports on profits and losses for the previous year and the last quarter;

ministries, other republican state control authorities, regional executive committees or Minsk City Executive Committee are to be guided with the regulations on the procedure of provision and return of budgetary loans, budgetary credits granted from the funds of the republican budget approved by the decision of the Council of Ministers of the Republic of Belarus No. 5 of January 3, 2000 (Collection of decrees, enacts of the President and decisions of the Government of the Republic of Belarus, 2000, No. 1, article 27; the National Register of Legal Acts of the Republic of Belarus, 2000, No. 8, 5/2406), if replenishment of the circulating assets of an enterprise is required for implementation of the import substitution project;

for implementation of effective import substituting investment projects considered and approved by the Ministry of Economy with participation of the Coordination Council under this Ministry the amount of the state support from the centralized investment resources can constitute by 80% of the total cost of the project;

When an annual list of projects of the Import Substitution State Program is formed, the Ministry of Economy is to consider effectiveness of the projects with participation of the Coordination Council under this Ministry, approve the prepared list of projects of the Import Substitution State Program and send it to the Council of Ministers of the Republic of Belarus and other interested entities.

 On the basis of the approved list of the ministry other republican state control authorities, regional executive committees and the Minsk City Executive Committee are to enter a draft decision about allocation of funds from the republican budget for implementation of import substitution projects to the Council of Ministers according to the established order.

 

 

Prime Minister

of the Republic of Belarus                                                                           S.LING

 

 

* unofficial translation *