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Belarus wants Chinese, Indian investors to partake in privatization

MINSK, 29 September (BelTA) – Belarus is eager to invite investors from China and India to take part in privatization, Piotr Lukyanov, First Deputy Director of the State Property Fund of the State Property Committee, told a video briefing in Minsk on 29 September, BelTA has learned.

Piotr Lukyanov noted that Belarus is keen on cooperation with big Chinese and Indian companies. The cooperation with promising investors from other countries is possible as well. “We are considering and will consider investment proposals from India, China and other countries,” Piotr Lukyanov said. He stressed that final decision on the privatization of big companies will be made by the President.

Piotr Lukyanov lauded prospects of privatization as it helps attract additional financing the country’s economy. “The inflow of foreign investments to the economy, of course, has a positive impact on enterprises and on the economy in general,” he added. Piotr Lukyanov stressed that Belarus creates equal privatization conditions for Belarusian and foreign investors.

BelTA reported earlier that the state privatization plan for 2011-2013 includes companies which shares are subject to privatization. The list comprises 244 joint stock companies.

The plan of reincorporation of national unitary organizations into open joint stock companies for 2011-2013 includes 134 enterprises.