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Brief information on Belarus
| Short-term | There are no formal restrictions on cover. |
|---|---|
| Medium/long-term | There is a ceiling on cover for the second half of 2011 of EUR 100 million with a limit on the size of the individual transaction of EUR 10 million, which may be exceeded if a transaction is particularly deserving of promotion. Transactions which are financed with a tied buyer loan are not booked against the ceiling until the loan agreement is also concluded (“first come, first served basis”). Over and above the ceiling there are cover facilities for project financed and other structured finance deals, where necessary based on countertrade transactions. A restrictive approach is adopted to cover of financed local costs and subcontracted foreign supplies. |
| Collateral | As a rule, bank
security or a state guarantee is required for short-term
transactions with private buyers and public buyers which are
established as private sector organizations. This requirement
may be waived if the buyer is an affiliated company or if the
buyer belongs to an international group the creditworthiness
of which is beyond doubt or if informative information material
on the debtor is available which, subject to the application
of strict criteria, justifies the granting of cover without
collateral. For medium and long-term transactions with private buyers the collateral requirement may only be waived if audited annual accounts drawn up according to international accounting standards justify the granting of cover without collateral. As a rule, bank security or a state guarantee must be provided for both short-term and medium and long-term transactions with public buyers. |
| Country risk category | 7 |
No responsibility is taken for the correctness of the information provided
More detailed information on the cover policy can be found in all
articles of the AGA-Report
on Belarus (German version only) and country information
on commercial practices, business climate, market analyses, law,
import procedures, customs duties can be found on the 
website
of Germany Trade & Invest (gtai).
The senior country advisers for Belarus will be pleased to answer your questions
- on single transaction cover: Ms Cornelia Döbler, phone: +49 (0) 40 / 88 34 - 95 54;
Ms Birgit Steinpreis, phone: +49 (0) 40 / 88 34 - 95 61 - on revolving and wholeturnover cover: Mr Detlev Wriede, phone: +49 (0) 40 / 88 34 - 90 25
- on economic analyses: Ms Alexandra Haas, phone: +49 (0) 40 / 88 34 - 95 53