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Belarus PM urges to develop integrated food companies

MINSK, 31 January (BelTA) – Belarus Premier Mikhail Myasnikovich urged to intensify work on developing vertically-integrated food companies in the country’s agricultural industry. The Belarusian head of government gave the relevant instructions at the meeting of the Council of Ministers Presidium on 31 January, BelTA has learnt.

“It is an objective necessity because only large integrated companies are able to operate on the international market today, producing and selling big amounts of products,” Mikhail Myasnikovich emphasized. The head of government reminded the participants of the meeting of the session hosted by the head of state nearly eight years ago. Then the organizations of Gomel Oblast were cited as a good example of such integration. “Unfortunately, the effort has not received full-fledged development, and there are no objective reasons here except for the wrong view of the issue by those who was in charge of the process,” Mikhail Myasnikovich said.

Development of vertically integrated companies is often hampered by so-called departmental approach, said the Prime Minister. “When the head of a relevant ministry, department, or region wants to create such company, which will be in some administrative dependence, directors’ corpus does not want to integrate or reluctant to do so because to some extent this means loss of autonomy,” he explained. It is necessary to fight such attitudes and take concrete steps to establish large food companies. “We should seriously consider the issue,” Mikhail Myasnikovich said.