OREANDA-NEWS. OAO Belarusbank has had its loans to OAO Gomeldrev the tune of ˆ2.58 million secured by the Government of Belarus, following the government's resolution #1116 of December 23, 2013.

As previously reported, in January 2013 the Government of Belarus has provided security coverage for ˆ801.9 million worth of loans drawn by local woodworking companies and furniture producers from OAO BPS-Sberbank, OAO Belarusbank, OAO Belinvestbank, OAO Belagroprombank.

The recipients of the loans are Mozyr Wood-processing company, OAO Borisovdrev, OAO Gomeldrev, OAO Ivatsevichdrev, OAO Mostovdrev, OAO Mogilevdrev, OAO Rechitsadrev, OAO Fandok,

The companies will use the loans to implement investment projects under the government's import substitution programme, which seeks to completely substitute imports with home-produced cellulose fiber board and laminated wallboard materials.