Vitebsk Regional Property Committee: the organization of management of state-owned shares in business entities is changing

The Resolution is aimed at increasing the efficiency of owner supervision bodies and state representatives, as well as centralizing the management of shares belonging to administrative-territorial units at the regional level by establishing a vertical management system.

In addition, the document provides for specific features of including state representatives in the board of directors. State representatives will be appointed to the management bodies of business entities with state participation, rather than elected.

The list of issues subject to coordination with owner supervision bodies has been expanded. These include determining the company's development strategy, approving the company's annual financial and economic plan, and the company providing gratuitous assistance and loans.

The committee also reminds that this year shares of 34 enterprises of the Vitebsk region are offered for sale. Compared to last year, this list has been supplemented with 5 new enterprises: OJSC "Vitebskoblavtotrans", OJSC "Teploenergetik, Vitebsk", OJSC "Vitebsk Radio Components Plant "Monolit", OJSC "Vitebskmyasomolprom", OJSC "Vitebskoblagropromtrans".

This year, auctions were held for the sale of shares of business entities "Eton" and "ATEK Vitebsk", but no buyers were found. In the near future, they will be re-offered for sale, with the shares of OJSC "Eton" being offered at a 20% price reduction.

Those interested in acquiring shares or exchanging "Imushchestvo" (Property) vouchers, as well as for more detailed information, should contact the Department of Owner Supervision and Share Management of the Vitebskoblimushchestvo Committee by phone: +375(212)-65-34-50.