22 January 2018, Monday, 5:12

Grand sale: 800 enterprises will be auctioned


The Ministry of Economy has produced a list of 800 enterprises allowed to be sold.

The Minister of Economy Mikalai Snapkou stated that today at a meeting of the Council of Ministers, BelTA reports.

“The Ministry of Economy has produced a list of the enterprises, which do not, in our viewpoint, correspond to the essence of state entrepreneurship and participation in the economy, - the Minister said. – Small enterprises of up to one hundred employees, the enterprises with the state’s share of less than 50% and the insolvent were included in the list. City landmark enterprises were excluded from the list, as well as the ones in regard to which region and city executive committees have the priority right to buy the shares. As the result a list of almost 800 enterprises has been composed”.

Mikalai Snapkou specified that 7% of all the employed are employed with these enterprises, they account for 6% of the earnings and 2% of the profit in the total amount for the country. The Minister justified the suggestion for these enterprises may be painlessly sold to a private investor:

“A most powerful growth point is the modernization of the economic relations, - he said. – We should concentrate the efforts on the development of the domineering enterprises, which really deserve the state’s management. Due to this the structure of the state’s property should be optimized”.

Mikalai Snapkou noted that suggestions must be determined for these enterprises “as of their optimal sale”. The advantage should rather be given to a private national and foreign investor. This suggestion should be submitted to Lukashenka for the support of such an approach, the Minister of Economy believes.