Republic
01.06.2007
The government is getting ready to sell some shares of highly profitable Belarusian companies. “We are ready to adequately welcome investors’ proposals”, Belarus First Vice Premier Vladimir Semashko told BelTA, as he visited several industrial companies in the Gomel oblast today.
The First Vice Premier noted, three years ago enterprises of Belarusian petrochemical concern were incorporated — Novopolotsk Oil Refinery, Polymir, Grodno Azot, Grodno Khimvolokno, Mogilevkhimvolokno, Svetlogorsk Production Association Khimvolokno and several other enterprises.
However, Vladimir Semashko made it clear, the government will work only with civilised investors. Those willing to buy Belarusian companies should have enough money to build up the production, should have their own raw stock and sales markets.
The requirements are put forward because most large Belarusian companies work well under the government’s control. In particular, every year Minsk Tractor Works increases its output by 20-25%. The same applies to MAZ, BelAZ, Minsk Bearings Plant and Polymir.
Speaking about sale of controlling interests, the official said, decisions will be made taking into account circumstances in each and every case. “Investors might gain control over some plants, which do not determine the strategic way of our country’s development”, said the First Vice Premier.