Fifteen percent of Belarusian enterprises are unprofitable, vice premier says

The share of unprofitable enterprises in Belarus is 15 percent, Deputy Prime Minister Andrey Kabyakow said at a joint session of the House of Representatives and the Council of the Republic in Minsk on April 25, BelaPAN reports.

Unprofitable enterprises dropped in number by a third to 1,565 compared with April 2007, he said.

Mr. Kabyakow noted that more than 400 enterprises currently underwent bankruptcy procedures. The government plans to apply the procedures to “unpromising” state-owned companies and stock companies in which it holds a stake, he added.

The vice premier described bankruptcy as “a means of making the economy healthier.”