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Privatization of state property

06.05.2017 | 14:59

Legislation, regulating issues of state property reforming:

  • the Law of the Republic of Belarus of 19 January 19 № 2103-XII "On the Privatization of State Property and the Transformation of State Unitary Enterprises into Open Joint Stock Companies"
  • the Decree of the Council of Ministers of the Republic of Belarus of 31 December 2010 № 1929 "On Measures to Implement the Law of the Republic of Belarus" On Amendments and Additions to Certain Laws of the Republic of Belarus and the Repeal of Certain Legislative Acts of the Republic of Belarus and their separate provisions on privatization of state property. " 
Decree of the President of the Republic of Belarus of 20 March 1998 № 3 "On privatization of state property in the Republic of Belarus" regulate single issues of privatization procedures of state property and the circulation of shares on the securities market

Objects of privatization of state property are: 

enterprises as property complexes of state unitary enterprises; 
shares (stakes in statutory funds) of economic companies owned by the Republic of Belarus or property of the administrative-territorial units. 

Subjects of privatization can be: 

  • individuals, including individual entrepreneurs, foreign citizens and stateless persons; 
  • legal entities of the Republic of Belarus, with the exception of public organizations and business entities in the statutory funds of which the number of shares (amount of shares) owned by the Republic of Belarus and (or) its administrative and territorial units, more than 50 percent; 
  • foreign states and their administrative-territorial units; 
  • international organizations; 
  • foreign legal entities; 
  • foreign organizations that are not legal entities. 
The sale of shares of joint-stock companies belonging to the Republic of Belarus is carried out by decision of the President of the Republic of Belarus.

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