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18 January 2024, 13:22

Lukashenko responds to bailout proposals for two construction companies

An archive photo
An archive photo
MINSK, 18 January (BelTA) – The bailout of two construction companies from Brest Oblast and Grodno Oblast was discussed at a meeting of Belarusian President Aleksandr Lukashenko with senior officials of the Council of Ministers on 18 January, BelTA has learned.
The president was asked to allow providing financial support to two construction organizations. A respective draft document was prepared. “I have not signed this document off the cuff. I have one question,” the head of state explained. “Is the situation there really so dire? Do other organizations and construction companies operate smoothly and not have similar problems? Or is it just a start?” the president asked.
Aleksandr Lukashenko noted that it’s a sink-or-swim world. “Once they start saving themselves and making progress in this, we will support them and provide assistance,” he said.
The president emphasized that construction organizations have enough opportunities to work and earn money; there are a significant number of construction projects both in Belarus and abroad. “If you don’t want to earn in Belarus, there are lucrative contracts, big money in neighboring Russia. Go and work, make money. Why do you want to tap into the budget?” said the head of state.
“The matter is serious,” he continued. “These organizations employ about 3,500 people. It is important to know whether only these two companies have found themselves in a difficult situation or there are others. Why are we singling out these entities?”
Aleksandr Lukashenko also asked government officials in charge what measures were taken to restore solvency of struggling organizations and to bring them back to consistently stable financial performa

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