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Belarus’ PM expresses concern about situation at some enterprises

MINSK, 15 October (BelTA) – The situation at some industrial enterprises is a cause for concern and the government will have to apply a hands-on management approach to some of them, Belarusian Prime Minister Aleksandr Turchin told journalists following his report to Belarusian President Aleksandr Lukashenko on 15 October, BelTA has learned.

Journalists asked about the situation in the manufacturing sector that Aleksandr Turchin supervises on the president’s instruction. “The manufacturing sector plays a huge role in the economy of our country. We are expected to ensure the efficient operation of the manufacturing sector as of any other sector of the economy. The president’s concern about the state of the sector is understandable. The government is also concerned about the situation in our mechanical engineering industry. This is due to a number of both objective and subjective reasons,” the prime minister explained.

He emphasized that at this stage it is very important to develop clear mechanisms and an understanding of how these enterprises should operate to ensure efficient work, generate profit, pay people decent wages, and meet the financial commitments. “Therefore, I would not call myself a big fan of this management method, but we will essentially put some enterprises under hand-on management . At least for some period of time. In order to monitor the processes that are taking place there,” Aleksandr Turchin said.

Among the reasons was to stop management from pursuing so-called “simple” solutions. “What is an ‘easy’ solution? To manufacture products, send them to a warehouse, or ship them to dealers abroad without receiving payment. This solution is brilliant in its simplicity, but it is fraught with very serious consequences: a lack of working capital and a rapid financial decline,” the prime minister noted.

“Efficient operation and balanced growth are the determining factors for the development of enterprises. Therefore, the sector is on our radar,” he emphasized.

Aleksandr Turchin pointed out that this year, solutions have already been found that have allowed a number of enterprises to improve their operational efficiency.

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