Lukashenka's Incompetence: Enterprises Go Bankrupt and Suffer Losses When He Pays Attention to Them

It's the only way he can practice.

"Bring things in order!" These plants had officials fired and threatened with criminal cases. Svaboda looked at them now.

"Blamestorming" in Slutsk in 2014

In the spring of 2014, Aliaksandr Lukashenka arrived at the Slutsk flax mill and meat processing plant. He yelled at the heads of the plants and officials, threatened with criminal cases and demanded to put things in order.

Later, the director of the meat processing plant Viktar Taashevsuki and his deputy Valentsin Lahun were detained. The director was sentenced to six years in prison, his deputy to three.

At the end of 2014, the e-portal of securities informed that Slutsk flax mill worked with a net profit of 13 thousand dollars at the rate of the National Bank at the time. The debt was $6.8 million.

At the end of 2019, the profit was $19,000. Debts amounted to $5.4 million.

In 2014, the meat processing plant had the debt of $9.6 million (at the average dollar exchange rate for that year).

In 2019, the plant ran a deficit of $1 million (at the average dollar exchange rate for that year). The plant owed $96 million on short-term and long-term loans.

2017 - Came to state-owned farm. Now it's bankrupt

In March 2017, Lukashenka arrived to inspect the fields of the Lida state-owned farm and the Arvibelagro meat processing plant. They both showed him innovations.

In 2019, the state-owned farm "Lidsky" was an "insolvent enterprise subject to financial rehabilitation".

Arvibelagro is bankrupt.

2018 Tool Plant was profitable, turned into unprofitable

In August 2018, Lukashenka criticized officials for their work to develop the Orsha Tool Plant. In 2018, the plant made a small profit - $1.4 million at the then exchange rate. In 2019, the plant became unprofitable - minus half a million dollars. Debts almost doubled.

2019 He arrived at Naftan. Debts increased, profits dropped.

Lukashenka's trip to Naftan was in June 2019. He said that "the refinery cannot be sold," and referred at the successful modernization.

According to 2019 results, Naftan's net profit was 3.6 million rubles. A year ago, the profit was $4.9 million.

Debts, on the contrary, increased. As of December 2019, Naftan owed 2.8 billion rubles on short-term and long-term loans. The debts increased by 500 thousand rubles.