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Plans to reorganize Belarus’ Belgospishcheprom food concern into state corporation

MINSK, 26 August (BelTA) – The Belarusian state food industry concern Belgospishcheprom might be reorganized into a state corporation. This matter was discussed at the meeting of Belarusian President Aleksandr Lukashenko with Belgospishcheprom Chairman Anatoly Buben and Deputy Prime Minister  Aleksandr Subbotin on 26 August, BelTA has learned.

“The government is overly enthusiastic about the establishment of state corporations. How will this state corporation differ from the concern? The concern is also a state association. Anyway, let it be. Nobody minds. It is clear that from start to finish, the entire production chain, as well as sales, are run by one entity, and you divide the profit, and so on. I want to know one thing: is this just an idea or has Belgospishcheprom already started translating it into reality?” the head of state asked.

Aleksandr Lukashenko wanted to know what benefits this move is expected to bring. “Indeed, no one needs reform for the sake of reform. It must be effective and produce the desired results, first of all, financial results. It should translate into bigger profits, higher profitability and greater efficiency,” the Belarusian leader emphasized.

At present, the Belgospishcheprom concern oversees more than 25 types of economic activity, the main of which are the production of sugar, confectionery, canned fruits and vegetables for babies, vegetable oils and fats, alcoholic beverages and beer, malt, tobacco products and salt. The concern is an umbrella organization for more than 40 companies employing a total of about 20,000 people.

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