Belarus PM: Belarus is Ready to Sell some Shares of Profit-making Enterprises

Belarus is ready to sell a part of its shares of highly profitable enterprises to foreign investors, told the first vice Prime Minister Uladzimir Syamashka.

“We are ready to sell part of our shares, but on conditions we are interested in,” Syamashka told on May 29 at the annual meeting of the Union of Non-Commercial organizations “Confederation of manufacturers and entrepreneurs”.

As said by him, at the moment “the state is intentionally opting for the process of privatization which is not an avalanche-like, but a civilized one”.

“We do not need an investor who would come and pump out everything from an enterprise and than leave it; we need an investor who would develop an enterprise,” the BelTA cites the first prime minister.

As said by Syamashka, each two or three years equipment should be updated in the petrochemical industry of Belarus which interests foreign investors a lot. “Belnaftakhim enterprises are in a crouch start position now ready for selling shares on civilized terms,” Syamashka said.