Collective farms will not have their debts written off

Belarus has no plans to write off the debts of agricultural enterprises. The announcement came from Deputy Prime Minister Mikhail Rusy.

"No one is going to write anything off. There will be restructuring," BELTA quoted the official. According to Rusy, we are we dealing with situations when, for example, the company took out a loan and built a farm. When the time comes  to repay the loan, the farm will not yet have enough animals and the necessary revenue. Then there will be created a business plan, and the loan will be scheduled over the next few years, so that the company could pay.

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