BELARUS NEWS AND ANALYSIS

DATE:

09/04/2008

Belarusian Government Increases Share In 28 Indebted Compnanies

Under a directive issued by the Council of Ministers, 28 companies, mainly subsidiaries of the Belarusian State Light Industry Concern and the Belarusian State Food Industry Concern, are to hand over part of their stocks to the government in exchange for Minsk's use of public coffers to pay the interest on some of the companies' loans, Belapan reported on April 8. The loans, obtained in 2007, went mainly toward modernizing the companies' production facilities. JM

Source:

http://www.rferl.org/newsline/2008/04/3-cee/cee-090408.asp

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