Increase of authorized capital of JSC "Belinvestbank"

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April 22, 2016 18:01

The government of Belarus has decided to increase the authorized capital of JSC "Belinvestbank" at 10 million, because it preserves hope for a profitable privatization in 2012. But the high price (over $ 1 billion) does this proposal unattractive to investors.

The government of Belarus has decided to increase the authorized capital of JSC"Belinvestbank" at 85 billion rubles ($ 10 million) due to the remnants of the national budget.

In contrast to the Belarusbank and Belagroprombank, which authorized funds have been increased by $ 1.7 billion at current exchange rates due to emission sources, recapitalization of Belinvestbank is conducted by the expense of real money. One reason for the increased government focus on "Belinvestbank" is its desire to privatize profitable (previously several well-known European banks expressed such a desire). However, due to persistence of the country authorities in maintaining a high price for this controversial asset, the privatization of the bank did not take place neither in 2010 nor in 2011, although the governing body of the National Bank of Belarus has repeatedly spoken of a high availability transaction of purchase and sale of the bank.

 

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October 02, 2017 12:08
Image: BRSM.BY

President Lukashenka continues to rotate staff and rejuvenate heads of departments and universities following new appointments in regional administrations. Apparently, new Information Minister Karliukevich could somewhat relax the state policy towards the independent media and introduce technological solutions for retaining control over Belarus’ information space. New rectors could strengthen the trend for soft Belarusization in the regions and tighten the disciplinary and ideological control over the student movement in the capital.

President Lukashenka has appointed new ministers of culture and information, the new rector of the Belarusian State University and heads of three universities, assistants in the Minsk and Vitebsk regions.

The new Information Minister Karliukevich is likely to avoid controversial initiatives similar to those former Minister Ananich was famous for, however, certainly within his capacities. Nevertheless, the appointment of Belarusian-speaking writer Karliukevich could be regarded as the state’s cautious attempt to relax environment in the media field and ensure the sovereignty of national media.

The Belarusian leadership has consolidated the trend for mild Belarusization by appointing a young historian and a ‘reasonable nationalist’, Duk as the rector at the Kuleshov State University in Mogilev. Meanwhile, while choosing the head of the Belarusian State University, the president apparently had in mind the strengthening of the ideological loyalty among the teaching staff and students at the main university in order to keep the youth movement at bay. Previously, Korol was the rector of the Kupala State University in Grodno, where he held purges among the disloyal teaching staff.

The trend for the renewal of mid-ranking executives and their rejuvenation has confirmed. The age of the Culture Minister and three new rectors varies from 39 to 44 years old.

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