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MAZ bus sales guaranteed by state

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October 17, 2016 11:34

According to the Government Resolution No 811 of October 11th, 2016, regional executive committees are encouraged to purchase 386 buses with a total worth BYN 41.3 billion in 2016-2017 in order to improve public transport services. The Development Bank is set to issue soft loans for such purchases. This measure is aimed at supporting MAZ sales. As a result, MAZ would increase production and improve its performance indicators. In addition, it would slowdown with layoffs. Given the economic situation at large industrial enterprises in Belarus, this form of support could be applied at other enterprises producing machinery, equipment and agricultural engineering.

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