Privatisation programme in Belarus

An integral part of Belarus’ investment drive is its widespread privatization programme which, in the long term, is designed to see 90% of state-owned businesses transferred to private sector ownership.

The government has already prepared around 150 of its leading businesses for sale, and has earmarked another 500 for conversion into open joint stock companies by 2010. Over 130 enterprises are expected to be privatised in 2010 alone and it is forecast that the programme will inject US $80 billion in investment into the economy by 2013.

The programme is run by the State Property Committee and, by the beginning of 2009, privatisation plans included selling controlling stakes in:

• Four leading Belarusian banks and two insurance companies to strategic investors or via initial public offerings on foreign capital markets
• Two of the largest state-owned breweries in Belarus to strategic investors
• Leading pharmaceutical manufacturers to strategic investors, or offering joint venture opportunities
• Joint ventures and green-field projects in the energy sector

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