In Q2 2016 Belarusian state-run woodworking enterprises increased their output by 70% in comparison with Q1 2016. Chairman of the Board of the Development Bank of the Republic of Belarus (DBRB) Sergei Rumas made the statement after delivering his report to the head of state on July 18. He reminded that the Development Bank took over the management of the woodworking enterprises as of April 1.
“For one quarter of the year these enterprises have worked under our supervision. The first results are available. We’ve been able to increase the workload of these enterprises. The output in Q2 2016 rose by 70% in comparison with Q1 2016. At the same time we took a closer look at all the issues that each enterprise has and see ways to resolve these problems”, noted the official.
The head of state wanted to talk about the operation of each enterprise in detail. The President was also interested in what the Development Bank intends to do to secure the stable and profitable operation of these enterprises. Representatives of the Development Bank of the Republic of Belarus were quoted earlier as saying that the enterprises the Bank had taken over demonstrated extremely dissatisfactory financial performance. In Q1 2016 the operation of some of the manufacturing facilities was suspended due to debts for energy resources and the inability to buy capital goods and materials. (BelTA/Business World Magazine)
