15.11.2011
Lukashenko against privatization of food companies
BORISOV, 15 November (BelTA) - President of Belarus Alexander Lukashenko considers it inadvisable to privatize enterprises of the food industry.
When visiting the Borisov Bread Factory, the head of state said that he is against privatization projects in the food industry. “The food security of people should be in the hands of government. No privatization here,” stressed Alexander Lukashenko.
With regard to bakeries, the head of state noted that since bread is the staff of life, it should be kept in public hands. He stressed that upgrade projects have been carried out at bakeries, dairies and meat-packing plants. Considerable funds have been invested there. “Why should we sell companies that bring profits to the country?” the President wondered.
“We should understand that once a foreigner comes here, he will take this profit away. He will not reinvest it here. We should develop independently. No one pushes us anywhere. There will be no careless mass privatization in Belarus,” the President said.
Yet, the President does not rule out allowing private investors in the sector if they set up new productions and jobs.
When visiting the Borisov Bread Factory, the head of state said that he is against privatization projects in the food industry. “The food security of people should be in the hands of government. No privatization here,” stressed Alexander Lukashenko.
With regard to bakeries, the head of state noted that since bread is the staff of life, it should be kept in public hands. He stressed that upgrade projects have been carried out at bakeries, dairies and meat-packing plants. Considerable funds have been invested there. “Why should we sell companies that bring profits to the country?” the President wondered.
“We should understand that once a foreigner comes here, he will take this profit away. He will not reinvest it here. We should develop independently. No one pushes us anywhere. There will be no careless mass privatization in Belarus,” the President said.
Yet, the President does not rule out allowing private investors in the sector if they set up new productions and jobs.