NBRB Exchange Rates на 20 июля
USD/BYN
1.9493
0.1%
16:11
EUR/BYN
2.2468
0.61%
16:11
100 RUB/BYN
3.2921
0.31%
16:11
100 UAH/BYN
7.5103
0.12%
16:11
10 PLN/BYN
5.3358
0.46%
16:11
1000 KZT/BYN
5.9862
0.03%
16:11
10 CNY/BYN
2.8859
0.12%
16:11
GPB/BYN
2.542
0.29%
16:11

Myasnikovich: Belarus not to fulfill its obligations on state-owned property privatization at USD 2.5 billion in 2012

Privatization
10:42 | 19.11.2012 | Business-News
The Prime Minister of Belarus has made the relevant statement at the Plenary Session of the VII Belarusian Investment Forum held today, on November 16.

"We will not get USD 2.5 billion from privatization. But I would not make a tragedy out of it” Myasnikovich said. Belarus has other mechanism to ensure support of a necessary gold and currency reserves, according to the Prime Minister.

 

It is worth mentioning the state-owned property privatization at USD 2.5 billion is one of conditions Belarus must fulfill to get in full the emergency loan provided by the EurAsEC Anti-Crisis Fund (ACF).

 

In June 2011 the AFC approved the decision to grant a loan at USD 3 billion to Belarus. As of today three tranches at USD 1.68 billion were transferred. Belarus expects to get the fourth tranche at USD 440 million in the current year. The EurAsEC Anti-Crisis Fund can transfer two tranches in 2013.

 

It will be recalled that at present the Negoreloje beeswax and hive works OJSC is the only one enterprise the privatization of which is announced publicly and planned to be held this year. The State Property Committee will hold the tender on sale of 93% shares of the enterprise on December 19. The balance-sheet value of stake is BYR 108.9 million as of January 1, 2012. The initial price of shares is BYR 2.14 billion (over USD 250 thsd).

 

The State Property Committee, regional executive committees and the Minsk City Executive Committee must submit to the Government their proposals on the list of entities whose privatization will enable to attract at least USD 2.5 billion to the country in 2013. This is a decision included in the Resolution of the Council of Ministers published on November 6.

All materials published by the information and analytics agency BUSINESS NEWS intended for general information purpose and are not a public offer to buy/sell any securities, or make other investments. The data contained on doingbusinessby.com, obtained from sources the agency finds credible. At the same time the editorial and authors are not liable for damages caused by the use of presented materials. Reprinting of materials is permitted only with BUSINESS NEWS authorship attribution and link to doingbusinessby.com.