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Mikhail Myasnikovich: Industry modernization is impossible without state support

On September 24, the Chairman of the Council of the Republic Mikhail Myasnikovich visited Brest Region. The main agenda of the meeting was the implementation of the President's instructions on technical re-equipment of companies.

Over 700 enterprises, mostly from the processing industry, were involved in modernization in Brest Region.  About 14.5 trillion rubles were allocated. Enterprises’ own funds and loan were the main source of financing.

Mikhail Myasnikovich, Chairman of the Council of the Republic of the National Assembly of the Republic of Belarus:
The companies involved in modernization were in an extremely difficult situation. Now, they have to work more to pay off their loans. Certainly, there is nothing wrong if the state will provide appropriate support. Interest rates are rather high, and it is not the fault of companies who took loans for modernization. This is a system problem which should be solved not only by the companies itself.

 

Mikhail Myasnikovich: Industry modernization is impossible without state support