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Rudnik urged to minimize the number of loss-making enterprises

The number of loss-making enterprises in Mogilev region should be minimized. The task was charged by Mogilev region executive committee's chairman Petr Rudnik during its extended sitting.

The region is in need of effective enterprises that pay taxes to the budget, thus promoting fulfilment of social programmes and increase of population's living standards, Petr Rudnik stressed. "The economy committee of Mogilev region executive committee and the respective parties must take active measures to solve the problem and minimize the number of loss-making enterprises; in perspective they should disappear. Each enterprise must be carefully examined, and urgent measures must be taken to increase their effectiveness", the governor stressed.

According to the information provided by the economy committee of Mogilev region executive committee, by December 1, 2013 there were 83 loss-making enterprises (making up 9.1% of the total number).

By the respective date the loses had made up more than Br616 bln. The majority of such enterprises (43) are local ones, while 23 are republican and 17 are legal entities without departmental affiliation.

Investment losses, and losses caused by low competitiveness of goods produced are among the main reasons of unprofitability.

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