Government plans to ‘deal with’ loss-making private companies

First Vice Prime minister of Belarus Uladzimer Syamashka is set to “deal with” private loss-making enterprises.

“According to the results of two months we have 435 loss-making companies without any departmental affiliation (private companies). What’s the use of loss-making activities for a private company is unclear. It is most likely that they are pretending they are loss-making to avoid taxes. We should deal with them,” U.Syamashka said at a session of the Council of Ministers.

According to his information, as of March 1, 2008 there were 1,565 loss-making enterprises in Belarus, which makes 15.1% of their total quantity, as compared to 22.3% as of March 1, 2007.

Uladzimer Syamashka underlined that “before the end of the year we should make loss-making enterprises that ensure gross product to become working loss-free”.

Prime-Minister of Belarus Syarhei Sidorski has informed during the meeting that out of 166 enterprises that ensure gross product, 13 were loss-making as of March 1. In this connection work of in ministries and agencies causes special attention of Prime Minister.