OREANDA-NEWS. The Government of Belarus has developed draft resolutions offering debt settlement solutions for insolvent agricultural companies.

Belarus' Prime Minister Mikhail Myasnikovich made a statement to this effect while meeting with top executives of Mogilev Region on May 16, the government's press-service reports.

The government suggests that insolvent agricultural companies should be sold to investors as property units. Farms can be sold for one basic unit (Br150,000 - around USD 15) in order to prevent the personnel from getting redundant.

The debt settlement scheme will apply exclusively to insolvent agricultural companies with enormous outstanding debts, the premier said.