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Comprehensive efforts to promote financial recovery of agricultural companies in Belarus

Economy 09.08.2017 | 18:36
During the visit to the Tutovshchina agricultural company
During the visit to the Tutovshchina agricultural company

TUROV, 9 August (BelTA) – The effort to ensure the financial recovery of agricultural companies will be systematic and comprehensive, Belarusian Prime Minister Andrei Kobyakov told the media as he is visiting Gomel Oblast on 9 August, BelTA has learned.

The measures being taken in this field are guided by the decrees adopted in 2014-2017. “Yesterday the president supported the government's initiatives and signed a decree on financial recovery of bakery plants in the regions, Gomel Fat Factory, in particular. A number of documents to provide support to processing companies were adopted a little bit earlier,” the prime minister said.

One of the matters reviewed during today's visit was the analysis of the status of the financial recovery of the Gomel Oblast farms in 2017. The prime minister pointed to the positive results in this regard.

As few as 41 companies were defined as insolvent in Gomel Oblast. According to the Gomel Oblast Executive Committee, 19 companies have improved their financial status but have not achieved solvency yet. The situation has worsened only in two companies, which requires additional measures.

The process is underway, and it is too soon to draw any final conclusions. “It is very important that the companies that have restored their solvency have a positive balance because it gives an opportunity to operate properly,” the prime minister noted.

Alexander Lukashenko gave instructions to hold a big conference on the problems of agribusiness in the near future. The financial recovery of agricultural companies is going to be high on the agenda. “I think we will have something to report to the president at the conference and suggest solutions to the existing problems,” Andrei Kobyakov added. At the same time, the positive effect of the financial recovery measures will be achieved only by means of keeping discipline and implementing cutting-edge technologies. “This is the task we will give to local authorities and heads of agricultural companies,” he underlined.

During the working visit to Gomel Oblast, the prime minister got familiarized with the progress in the harvest campaign in Gomel Oblast in general and Zhitkovichi District in particular. He visited Turov Dairy Plant and reviewed the plant's financial and economic activity and the implementation of the investment project to construct the second stage of a dairy plant in Zhitkovichi Plant. Andrei Kobyakov also explored the capacities of the Turovshchina agribusiness company and heard out a report on the measures taken to develop animal breeding, horticulture, and agroecotourism at Turovshchina.

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