OREANDA-NEWS  On 20 November was announced, that Belarus’ President Alexander Lukashenko signed ordinance #605 to approve the list of 151 state-run companies that will be transformed into open joint-stock companies without being subject to exchange of state shares for Property privatization vouchers or sale of state shares at lower prices, the press service of the president reported.

The list includes the most “significant” companies accountable to the Industry Ministry, Energy Ministry, Military Committee, and Belneftekhim oil and chemistry concern.

Some of the companies on the list are below:

MAZ, Minsk Motor Plant (MMZ), Borisov Medications Plant, Semiconductor Plant, BelAZ, Vityaz, Borisov-based Avtogidrousilitel, Minsk Wheeled Tractor Plant, Novopolotsk Oil Transport Company Druzhba, Gomeltransneft Druzhba, MZOR, etc.

The full list is available on the official website of the presidenthttp://www.president.gov.by/press64556.html#doc

Economic incentives granted to state-run unitary companies will be applied to open joint-stock companies registered after the transformation. Economic benefits are suspended as soon as state shareholdings in the newly registered companies have been sold.