OREANDA-NEWS. On 04 May 2009 was announced, that Belarus’ OAO Minsk Margarine Plant (MMP) will receive state support amounting to 50% of interests on Belagroprombank loans extended in 2006-2007 for technical upgrade of the producer. The Council of Ministers signed relevant resolution #485.

The state will repay 6.5% of interests on the USD 985,530 loan, 6% of interests on two euro-denominated loans, amounting to 73,997 euros and 97,456 euros, and 4% of the interest rate on two more euro-denominated loans, at 122,095 euros and 160,802 euros.

The plant is supposed to increase output 5% and bring the profitability rate up to 5.5% to meet the requirements of state supporters.

The resolution came into effect on the day it was signed.