The state property fund of the Belarusian Economy Ministry has worked out a list of Belarusian national publicly traded companies to be sold at tenders in 2003. The aim of the privatization is to attract investments to the companies. The list comprises 52 public companies with an aggregate starting price of stock packages to be sold amounting to about $62.8m.
According to sources in the Belarusian Economy Ministry, the selling of the stocks is expected to attract RUR2.079bn ($68.5m), $20.068m and EUR9.698m in investments.
The Americans came to realise that they would have to either leave the region or weaken their presence there. It is Russia that is filling the vacuum now