MINSK, 23 July (BelTA) – Belarus expects to reduce warehouse stocks by meeting deferred demand that arose in the world amid the coronavirus pandemic and shutdown of many companies, Belarusian Prime Minister Roman Golovchenko told the media after the meeting hosted by the president to discuss the country's economic performance, BelTA has learned.
The head of government explained that warehouse stocks should not be considered as a negative factor. The accumulation of warehouse stocks depends on many factors and in the current situation they can be used to the maximum benefit. At the time when many countries and businesses were on lockdown amid the pandemic, the rate of sales of goods declined for objective reasons. “But now that the markets are reopening and we have the products, we can take them off the shelf and send them to those who need them. There is the deferred demand. We are trying to meet it. Literally in a month the stocks decreased by more than Br200 million,” Roman Golovchenko said.
“There are certain warehouse stocks, but there is also a vision how to reduce them. These products will be sold, and the working capital, which is still frozen in these products, will return to enterprises,” he added.