The draft strategy to improve the governance of state-owned enterprises (SOEs) will be completed soon, Aleksei Vasilyev, First Deputy Chairman of the State Property Committee of Belarus, told reporters on 21 February, BelTA has learned.

“We need a core document that would provide guidance in property rights. With this in mind, we have drafted the strategy to enhance the governance of state-owned companies. It will be ready soon,” Aleksei Vasilyev noted.

The strategy will determine the basic principles of state policy in the management of state-owned companies and improving their efficiency. The document will set up a framework for the application of property rights. It will determine which property will remain state-owned and which will be transferred into municipal ownership, who will operate the enterprises of strategic importance, etc.

“When working on the document, we have studied the practices used in other states. We interpreted them taking into account our country's interests, in particular the social ones. The government has pre-approved the draft and recently discussed it once again. We expect that it will be approved soon,” Aleksei Vasilyev said.