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April 7 – April 13, 2014

Officials offer privatisation on unacceptable terms for investors

The situation has not changed
Officials offer privatisation on unacceptable terms for investors

Belarus’ State Property Committee has announced preparations for the privatisation auctions. The Committee has put the following requirements for the potential investors: a significant amount of investment, workers to retain their jobs, and other encumbrances, that will prevent the sale of the vast number of the assets – including the Mozyr Oil Refinery. These government’s actions vis-à-vis potential investors imply, that the government’s interference in the economy will only grow.

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