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News

Belarus in favor of MAZ-KamAZ holding company on parity terms

SAINT PETERSBURG,  BelTA) – Belarus is in favor of creating a holding company based on Minsk Automobile Plant (MAZ) and the Russian auto making company KamAZ on parity terms, said Prime Minister of Belarus Mikhail Myasnikovich as he met with Prime Minister of Russia Dmitry Medvedev in Saint Petersburg on 15 June.

The Belarusian head of government said the process to create Belarusian-Russian joint ventures was slow. “Maybe we should have put more efforts into it,” he said. As an example Mikhail Myasnikovich mentioned MAZ-KamAZ merger, one of the largest projects of Belarus and Russia. In his words, instructions regarding this project were given after talks with Dmitry Medvedev in Ashgabad. The price is not the matter now, it is time to determine the degree of attachment to this business, said the Prime Minister.

Belarus is interested in the merger on parity terms. The future company should be also manageable. “We are now working with our colleagues. I think we will find a way,” said Mikhail Myasnikovich. He also asked Dmitry Medvedev to assist with dealing with the issue.

The Belarusian head of government praised the advanced level of Belarusian-Russian ties. Among other factors it has been achieved by Belarusian and Russian enterprises and by the trade turnover. The Customs Union helps develop the partnership a lot. Yet Mikhail Myasnikovich stated there are problems, technicalities that have to be addressed.

The Belarusian Prime Minister invited his Russian counterpart to visit Minsk in the near future and suggested holding a session of the Union State Council of Ministers there. “If you choose July, it would be good if your schedule allows it,” he remarked.

In turn, Dmitry Medvedev underlined positive trends in the development of Belarusian-Russian cooperation. The countries have reached good results despite alarming tendencies on global economic markets. Yet a range of matters has to be addressed and consulted about.