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President
04 August 2020, 15:14

Lukashenko: There will be no redistribution of wealth in Belarus

MINSK, 4 August (BelTA) – There will be no redistribution of wealth, Belarus President Aleksandr Lukashenko said as he delivered his annual address to the Belarusian people and the National Assembly on 4 August, BelTA has learned.

“There will be no redistribution of wealth. This usually ends badly. We saw it in the countries that tried to go down this path. During the entire period of my presidency, I have not yet found an answer to the question: why state-owned enterprises are such an irritant for some. You probably know. If our candidates or eternal experts in economics (with no on-the-job experience, just Internet forums and Telegram channels) know the recipe how to reform some state-held enterprises without social upheavals, in some special way, I am ready to listen to them,” Aleksandr Lukashenko said.

The president added that he is ready to provide anyone with an opportunity to prove themselves in practice. “There are enough strong enterprises. For instance, BATE, Mogilevkhimvolokno, Belshina, Kamvol – choose and show your best. Three years ago I suggested it to some. They still have not come. For those who may find the idea of privatization attractive again, let me remind you how it was in the mid 1990s. Those directors bought up the shares of their employees on the cheap. As a result, companies got into the hands of some businessmen, who often lived abroad and had no obligations. There was no one to ask questions about the development of the company. Remember Kommunarka and Spartak,” the Belarusian leader added.

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