OREANDA-NEWS. February 25, 2011. Belarusian President Alexander Lukashenko has ordered to invest 4.9 trillion Belarusian rubles (Br) in equipment of agricultural organizations with modern machinery in 2011 by his ordinance #35 dated January 24, 2011.

Budget subsidies are expected to reach 610 billion rubles in 2011, and bank loans, 4.29 trillion rubles.

Banks are recommended to provide 3.708 trillion rubles in loans in 2011 to finance acquisition and supply to farms of 2,216 harvesters, 720 loaders, and 2,980 tractors.

oans are provided against the guarantee of the state until July 1, 2019 with repayment in equal monthly installments starting January 1, 2012. Interests on loans are not charged.

Compensations for banks’ losses will be paid from the state budget at a rate of not more than 3 points over the refinancing rate as of the day of compensation.