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President
08 August 2022, 11:50

Lukashenko: Miory Rolling Mill is now a state-run company

MIORY, 8 August (BelTA) – Miory Rolling Mill is now a state-owned company, Belarusian President Aleksandr Lukashenko said as he talked to the company's staff on 8 August, BelTA has learned.

Aleksandr Lukashenko recalled that the state had supported the project to build a new plant in Miory with the involvement of a private investor. Such an enterprise was expected to give a boost to the economic development of the district. Yet, the owners did not deliver on their promise. They did not meet the deadlines for putting the company into operation and they started to fire people. Moreover, they turned out to be dishonest.

As a result, the state intervened and after that the company finally became operational.

“You will have a full-fledged director who will run the company [the company will be run by Deputy Director General for Production Vladimir Dyakonov]. No bankruptcy or other proceedings - hell knows what they concocted. From today you are a Belarusian state-owned enterprise. The enterprise was taken away from the private owners as they did not fulfill their obligations,” the president said.

Aleksandr Lukashenko noted that the government will take care of all the debts that the company has accumulated. “Today you are operating as a Belarusian plant in Miory. You will have a director general from now. This will be formalized within two days. No bankruptcy, no red tape. You are not bankrupt. A great production facility, we need to get down to work,” he said.

“We have invested a lot of money in you. We had to repay your debts,” the head of state said.

According to him, the former owners of the plant stole a lot of money from it at the construction stage. Earlier it was reported that the investor injected about €400 million in the enterprise. Banks issued unprecedented loans for that. “This plant cannot cost so much. We see this right away. It means that those who promised to build this plant took loans from banks, ordered and brought equipment, built the plant. It cost a lot. Where is the money? This is the main question for those who are in the pre-trial detention facility today,” the president said.

Aleksandr Lukashenko stressed that all those involved in the criminal case must compensate for the damage caused to the state and people. “They probably didn't get it that sooner or later they will be held to account as to where and how much they stole in Belarus,” he noted. “It is not okay to steal. Therefore, first they should give the money back and I will consider their plea within a week,” the president added.

“We will take care of all of you. Therefore, you do not need to worry about it. The enterprise will operate exactly as we once envisaged. This is the purpose of my visit. I want you to work, because this will give an impetus to entire Miory District. If your enterprise works, it will be a driver of growth for the entire district,” the head of state said.

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