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Privatization in Belarus: Opportunities for Investors & Advisors

Explore the privatization process in Belarus, the role of investment agents and government advisors, and current opportunities for investment in state-owned companies.

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Privatization in Belarus: Opportunities for Investors & Advisors

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  1. Denis Aleinikov, Senior partner Law Group «Argument» Privatization in the Republic of Belarus: opportunities for investors and advisors

  2. Participation of foreign investors in state property reformation Privatization methods

  3. Privatization deals pro rata privatization process: • In 2009 232 state unitary enterprises were reorganized in the process of privatization and among them: • 2 joint-stock companies were created with the participation of the foreign investor (Belarus/Russia) • The other joint-stock companies – the state has become the owner of 100 % of the shares

  4. The current situation with privatization: Problem or Opportunity?

  5. Investment agent of the Republic of Belarus The status of Investment agent was introduced in 2009 (Edict of the President of the Republic of Belarus of 6 August 2009 №413) The tasks of the investment agents:  attraction of the investors and support of the investment projects implementation by them in Belarus (including the intermediation in the procedure of privatization); rendering consulting and legal services to the foreign investor. The rights of an investment agent can be granted to the non-residents of the Republic of Belarus (legal entities which perform activity on the territory of Belarus through the establishment of the representative office, as well as individual entrepreneurs and foreign individuals). Advisor of the Government of the Republic of Belarus on the issues of privatization Status of the Advisor of the Government is planned to be introduced in the nearest future. The tasks of the Advisor: rendering of consulting services to the organizations included in the plan of privatization for the purpose of promotion of investment attractiveness; rendering of consulting services on the issues of the distribution of the securities of Belarusian joint-stock companies at the foreign stock markets. It is planned that the rights of an Advisor can be granted to the non-residents

  6. Privatization today • Today - 24.06.2010 there is a tender on the sale of 93,9 per cent of the shares of the joint-stock company “Smolevichi experimental mechanical plant” • Till the end of June 2010 the investment agreement between the Republic of Belarus and the Swiss company Franck Muller on the privatization of the joint-stock company “Minsk clock plant” shall be signed. • The holdings of shares of the following joint-stock companies have been recently approved for sale: • ‘Prodmash’ (Minsk), ‘BGSHA Printing-House’ (Gorky) ‘Bobruisk Machinery Plant’, ‘VolMET’ (Volkovysk), ‘Lida Foundry Engineering Works’, ‘Barkhim’ (Baranovichi) and ‘Rechitsa Textile’. • In 2010 it is planned to offer for sale state packages of 159 open joint stock companies: • industry 97; • building 26; • others 36.

  7. INVEST IN BELARUS www.argument.by

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