Construction holding may give state-owned enterprises competitive advantage on construction market
Belstroytsentr, a construction holding consisting of 18 companies under the auspices of Architecture and Construction Ministry has been founded in Belarus in order to consolidate efforts and financial resources on the construction market. The holding is aimed at developing export of construction services. A foundation will be created within the holding, which will collect the dividends from the economic activity of subordinate enterprises. Having a holding may help improving the situation with settlements between enterprises and will reconfigure Belarus’ construction market in favour of the holding companies, prompting some small private construction companies off the market. In addition, it may step up export of construction services to Russia. Private companies will face difficulties when participating in tenders due to the requirement to provide financial guarantees, while the Holding Company will have the advantage of the Holding Fund and will not require banks’ resources. Finally, the Holding will be able to offer the lowest cost of services on the market.
The Belarusian authorities regard the Catholic conference as yet another international event to promote Minsk as a global negotiating platform. Minsk’s proposal to organise a meeting between the Roman-Catholic Church and the Russian Orthodox Church is rather an image-making undertaking than a serious intention. However, the authorities could somewhat extend the opportunities for the Roman-Catholic Church in Belarus due to developing contacts with the Catholic world.
Minsk is attempting to lay out a mosaic from various international religious, political and sportive events to shape a positive image of Belarus for promoting the Helsinki 2.0 idea.
Belarus’ invitation to the head of the Holy See for a meeting with the Patriarch of the Russian Orthodox Church should be regarded as a continuation of her foreign policy efforts in shaping Minsk’s peacekeeping image and enhancing Belarus’ international weight. The Belarusian authorities are aware that their initiative is unlikely to find supporters among the leadership of the Russian Orthodox Church in Moscow. In Russia, isolationist sentiments prevail.
In addition, for domestic audiences, the authorities make up for the lack of tangible economic growth with demonstrations of growth in Minsk’s authority at international level through providing a platform for religious, sportive and other dialogues.