First Belaruskali, then Minsk Automobile Plant. Belarusian government go on making anti-privatization statements.
Belarus is not going to privatize Belarusian Steel Works (Zhlobin) in the nearest future, said head of the Presidential Administration Uladzimir Makej at a meeting with the staff of the company. According to him, the authorities respect market laws, but if the plant is privatized, then the interests of the workforce will definitely be taken into account. This is a fundamental approach, said Uladzimir Makej.
The head of the Presidential Administration recalled the words of President Aliaksandr Lukashenka in his message to the people and the parliament that should be no thoughtless privatization in the country.
According to Uladzimir Makej, sooner or later, any enterprise could be privatized, if the price is well enough and investors comply with certain conditions and consider the interests of the stuff,BelTA informs.
BSW is one of the symbols of Belarus. So, the issue of its privatization won’t be resolved so simply, said the head of the Presidential Administration.
Makej: creation of holding companies is not an end in itself
Assessing the prospects for the creation of holding companies in Belarus, Uladzimir Makej says that we have to compute the benefits of a holding company in each case. According to him, creation of holding companies is not an end in itself. It is important to improve the manageability and efficiency of the company to increase efficiency both for each employee and the overall production.
During four months of 2012, BSW exported industrial products for $488.5 million, which is 100.8% against January-April 2011. Foreign trade surplus reached $286.1 million. However the balance growth rate amounted to 132.3% during the four months of 2011 and outstripped the export growth by 31.5%.
Proceeds from the sale totaled Br5.3 trillion, or 267.7% compared to January-April last year. The volume of investments in fixed assets amounted to Br293.1 billion for four months in 2012, or 603.8% against January-April 2011. The pace of investment growth reached 267.2%.
During January-April, the plant smelted 883.3 thousand tons of steel. Production of the plant was shipped to 54 countries worldwide.
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