Lukashenko will not privatize large state-owned enterprises, and mineral deposits
<p> MINSK, Jun 26 - PrimePress. Belarusian President of Lukashenko will not go for privatizing large state-owned enterprises and mineral deposits. Lukashenko made a statement to this effect during his working trip to Soligorsk District, Minsk Oblast, on June 26. </p> <p> </p> <p> “I cannot allow the privatization of, for instance, Belaruskali. There is no need to privatize it because it works effectively, just the way the country needs. Privatization does not always change things for the better. I am afraid of job losses. We've already seen that. It is good that we didn’t go for universal privatization when an investor comes and he doesn’t need 20,000 workers (like here), he doesn’t need non-core assets that don’t generate revenue such as kindergartens and the rest. I don’t need that kind of privatization,” said Lukashenko. </p> <p> </p> <p> “At one time they offered me to sell Belaruskali. You remember this. But I’m glad we didn’t go for that. I set a prohibitive price at that time - $35 billion, of course, no one could pay us. The price was brutal – buy if you want, 50% - split in half, and buy,” he said. </p> <p> </p> <p> Also, according to Lukashenko, “we have not privatized subsurface resources and are not going to, including oil, natural gas, potassium, salt, gravel, and the rest.” End </p>
2020-06-27
Primepress
MINSK, Jun 26 - PrimePress. Belarusian President of Lukashenko will not go for privatizing large state-owned enterprises and mineral deposits. Lukashenko made a statement to this effect during his working trip to Soligorsk District, Minsk Oblast, on June 26.
“I cannot allow the privatization of, for instance, Belaruskali. There is no need to privatize it because it works effectively, just the way the country needs. Privatization does not always change things for the better. I am afraid of job losses. We've already seen that. It is good that we didn’t go for universal privatization when an investor comes and he doesn’t need 20,000 workers (like here), he doesn’t need non-core assets that don’t generate revenue such as kindergartens and the rest. I don’t need that kind of privatization,” said Lukashenko.
“At one time they offered me to sell Belaruskali. You remember this. But I’m glad we didn’t go for that. I set a prohibitive price at that time - $35 billion, of course, no one could pay us. The price was brutal – buy if you want, 50% - split in half, and buy,” he said.
Also, according to Lukashenko, “we have not privatized subsurface resources and are not going to, including oil, natural gas, potassium, salt, gravel, and the rest.” End