Foreign currency loans interest for agrobusiness decreased in Belarus

Foreign currency loan interest for agrobusiness is to go down in Belarus. The resolution of the Council of Ministers has made changes to the State Program for the Development of Agrarian Business in the Republic of Belarus for 2016–2020. Its purpose is to increase the efficiency of agriculture industry, boost sales of products and improve competitiveness. According to the document, the banks are to grant preferential loans to agriculture companies. Loans are to be provided in Belarusian rubles and foreign currency.