President holds meeting on new approaches to managing Belarusian enterprises

12 февраля 2017

New approaches to managing Belarusian enterprises were subject to discussion at this week’s meeting held by the President. A decree on the so-called Institute of Trust Management is aimed at making unprofitable enterprises operate efficiently by handing them over for temporary management for five years. The proposed decree may apply to over 2,000 state organisations, including over 350 agricultural enterprises.

A thorough calculation and feasibility of the proposed innovations is the President’s main requirement.

The temporary manager will be selected on a competition basis with control to be exercised by the state. In case contract terms and conditions are fulfilled properly, the temporary manager has the right to become the owner. Besides, the decree provides for exemptions from the land tax, rent for the land plots and the real estate tax.

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