OREANDA-NEWS. January 18, 2011. The Belarusian government has specified the procedure of privatization of state property and transformation of state enterprises into open joint-stock companies. The Council of Ministers signed relevant resolution #1929 dated December 31, 2010, the press service of the government reports.

The document adopts the provision on the procedure of holding tenders to select founders of open joint-stock companies other than the state in the process of transformation of state unitary companies, the provision on the procedure of identifying the initial price of shares/stakes owned by Belarus, and procedure of holding auctions to sell privatized entities.

Furthermore, the government adopted the procedure of holding tenders to sell privatized entities and provision on holding tenders to transfer shares controlled by the state or administrative-territorial units into trust management, including with the option of acquisition of a part of shares.

The document also approves the list of the media authorized to public privatization and transformation plans, as well as information about privatized entities, terms and conditions of tenders and auctions, terms of sale, etc.