Belarus High-Profit Companies Make Contributions to Stabilization Fund
OREANDA-NEWS. The Government of Belarus has announced a list of high-profit companies, which will have to donate a certain proportion of their 2013 profits to the government's national development fund.
Sixty-one high-profit companies will have to invest part of their annual profits (Jan-Dec '13) to the government's national development fund, according to the government's resolution #282 of March 28, 2014.
The list includes companies controlled by the Ministry of Architecture and Construction, the Health Ministry, the Defence Ministry, the Ministry of Industry, the Ministry of Transport, the Defence Industry Committee, Belneftekhim, Bellesbumprom, the National Academy of Sciences, regional administrations and Minsk City Hall.
The list includes OAO Belarus' Currency and Stock Exchange, which will surrender Br16.282 billion (USD 1.646 million), OAO Mogilev Elevator Plant - Br21.379 billion (USD 2.162), OAO Grodno Tobacco Company Neman - Br60.183 billion (USD 6.085 million), Gomeltransneft Druzhba - Br227.766 billion (USD 20.03 million).
Other donors are Belorusneft, OAO Mozyrneft, OAO Minsk Sparkling Wines Factory, Beltelecom. The companies will pay their contribution to the state budget in the form of monthly instalments.
The practice of making mandatory contributions to the National Development Fund was introduced in December 2005.
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