Belarusian Government Sets New Targets for State-Owned Companies
OREANDA-NEWS. November 28, 2012. The Government of Belarus has come up with a new set of macroeconomic guidelines for be followed by state-owned companies in 2013, in accordance with resolution #1021 of the Cabinet of Ministers.
The term “state-owned” refers to companies with a state share of at least 50%.
The list of targets includes return on sales, net profit, export of goods and services, export/output ratio.
According to the resolution, Belarus’ industrial output is supposed to grow 7% on the year in 2013. The return on sales in industry is expected at 11.5%.
Industrial enterprises are expected to boost commodity exports by 17%, farm exports – 16%, exports of construction services – 29%, export of transport services – 6%, energy exports – 16.5%.
Net direct foreign investments in 2013 are expected at USD 2 billion.
The average monthly salary is expected at Br4.5 million (USD 526). The average salary in the City of Minsk is expected to reach Br5.88 million (USD 687).
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