18 August 2021
Belarus explores measures to help struggling enterprises
There should be mechanisms of “automatic” protection from unfavorable
external factors at enterprises, Belarusian President Aleksandr
Lukashenko said as he met with high-ranking officials of the Council of
Ministers on 17 August, BelTA informs.
About a year ago a draft
decree “On the regulation of insolvency” was discussed at the level of
the head of state. Back then the government was instructed to change the
ideology of this document: to move from bankruptcy to the
rehabilitation of struggling enterprises. The concept of the draft
decree was also changed – a focus was made on the protection of
enterprises from shocks caused by unfavorable external factors. “In this
context I want to say that overcoming these shock barriers is, first of
all, the task for workers and directors of these enterprises,”
Aleksandr Lukashenko said.
“Besides, it is envisaged that we will
move from the litigation support of all stages when dealing with cases
on economic insolvency. I have given an instruction not to overload
courts with non-characteristic issues because courts are already dealing
with too many economic issues and disputable matters related to the
economy. In the past those issues were handled by local authorities,”
the head of state said. “The coordinating role in financial
restructuring will be ultimately performed by the government,
specialized administration bodies and executive committees.”
The
president did not exclude the part of the issues shall be still
considered in courts. However, courts will be the ultimate authority,
Aleksandr Lukashenko added.
Written by:
belta.by