Belarus lifts restrictions on privatization: PM

Belarus lifts restrictions on privatization: PM
# 17 November 2012 03:58 (UTC +04:00)

Baku-APA. Belarus has lifted all restrictions concerning privatization, Belarusian Prime Minister Mikhail Myasnikovich said on Friday, APA reports quoting XInhua.

"Belarusian government removed all the restrictions on privatization of state-run companies, and any company can be transferred into private ownership," Myasnikovich said at the plenary session of Belarusian Investment Forum 2012 in Minsk.

The prime minister also stressed that money raised from privatization of public assets is not the most important thing. " What matters most is the further development of a privatized company using new technologies and investments, and integration into the global economy," he added.

Myasnikovich also admitted that the authorities will not manage to perform in 2012 the plan of the privatization of state enterprises estimated at 2.5 billion U.S. dollars. Belarus has other means of filling up the gold and foreign currency reserves, he noted.

The Belarusian authorities consider privatization not as "a mechanism to earn money to cover immediate things", but as " diversification of the production, as incoming of new technologies, as integration into international corporations," said the prime minister.

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