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Belarus President signs decree on financial rehabilitation of agricultural enterprises

Belarus has taken measures for financial rehabilitation of agricultural enterprises. The country's President has signed a decree that will simplify all the mechanisms.

It will now be easier to hand loss-making enterprises over to another owner. Certain bonuses will help new owners acquire such enterprises.

The procedure of state registration when combining farms will be simplified. This integration of "weak" and "strong" players in the agribusiness market will help get rid of the notion of "loss-making enterprise" and open up new opportunities for successful business executives.

Leonid Zayats, Agriculture and Food Minister of Belarus:
It focuses on improving the management of agro-industrial complex and labor motivation. This is, for example, farm leasing or transfer to trust management of equity stakes in enterprises. It aims to find an efficient owner with a view to continue large-scale farming production and provide employment of people working there.

Leonid Zayats, Agriculture and Food Minister of Belarus