Belarus President Alexander Lukashenko gave an instruction to solve
topical issues concerning the asset management at unitary enterprises as
soon as possible, Chairman of the State Property Committee Andrei Gayev
told reporters after the government session held by the head of state
on 9 February, BelTA informs.
“Just like in other areas of work, the head of state pointed out to
the need to be realistic, not to create unnecessary paperwork, and solve
issues using the existing authorities,” Andrei Gayev said. “It is
essential to regulate the following issue: the Civil Code restricts the
transfer of assets of unitary enterprises in asset management.
Therefore, the head of state gave an instruction to prepare a key
document permitting the transfer of such enterprises in asset
management.”
The chairman of the State Property Committee remarked that this
mechanism is one of the ways to raise the efficiency of enterprises. It
means that a legal body is appointed to manage the assets for a certain
period of time. “A legal body appointed to manage the asset complex will
be able to expand production at the existing premises. The enterprise
subject to asset management will retain its debts if there are any. But
the enterprise will be able to use raw materials and supplies, a dealer
network of the legal body in charge of it,” Andrei Gayev explained.
As a result, a positive economic and social effect emerges for both
enterprises. An asset manager is responsible for turning the asset
complex into a profitable enterprise. A decision on the sale of the
asset complex will be made depending on the results of asset management.
Andrei Gayev said that in theory a corresponding mechanism can be
applied to more than 2,000 enterprises whose assets are in the
republican or municipal ownership.
The government and local
authorities will meticulously select the legal bodies which will be able
to serve as asset managers. It is planned that this process will be
based on competitive principles.
“The head of state urged to remove all legislative barriers if there
are any. All agencies should do their job without excessive paperwork,”
the chairman of the State Property Committee said.
Andrei Gayev mentioned the positive experience of using an asset
management mechanism in relation to joint-stock companies. About two
years ago OAO 8 Marta became an asset manager of the stock of shares of
OAO Rechitsa Textile. Two years later the warehouse stocks fell four
times, the output per employee more than doubled, the total output went
up more than 30%. In accordance with the business plan, the enterprise
will earn the first profit at the end of 2017.
As a result, OAO 8 Marta got a
chance to expand its production at these premises and did not take any
burdens which had been accumulated at OAO Rechitsa Textile for years.
The latter enterprise, in turn, got an opportunity to execute the orders
for OAO 8 Marta. OAO Rechitsa Textile also got a chance to sell its
products via the dealer network of OAO 8 Marta,” the chairman of the
State Property Committee said.
“This is a good example for the asset managers of unitary enterprises,” he added.
BelTA has learned after the session that the innovations will help
with the financial restructuring of enterprises and will help attract
honest investors. The president instructed to find an optimal solution
to the abovementioned issues without red tape and excessive paperwork.
Written by belta.by
