Increase of authorized capital of JSC "Belinvestbank"
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.
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.