The National Agency of Investment and Privatization (NAIP) arranged a study tour to Lithuania. Participating in the two weeks’ tour are managers of the enterprises that are involved in the pilot project to attract strategic investors, which is implemented with the support from the World Bank. The program of the visit of representatives of Minsk Margarine Plant and Confectionary Plant Konfa has been compiled in such a way as to provide the most comprehensive review of privatization practices in the neighboring country.
Managers of the two enterprises visited the State Property Fund of Lithuania where they were told about the history and practices of privatization processes in Lithuania. Belarus’ delegation also visited the Lithuanian companies that belong to foreign transnational corporations: Vilnius Margarine Factory (Vilniaus Margarino gamykla) and the confectionary Kraft Jacobs Suchard Lietuva.
Belarus’ delegation was interested in the mechanism of privatization and its impact. They also wanted to know how fulfillment of investors’ obligations is supervised and how the privatization impacted the efficiency, specialization and human resources of the privatized enterprises.
Belarus’ delegation also included a representative of Belgospishcheprom Concern and members of the NAIP and its director Dmitry Klevzhits.
Minsk Margarine Plant and Konfa are among the eight enterprises to implement the pilot project to attract strategic investors. The project is implemented by the NAIP in accordance with Decree No.273 of 25 May 2010. The NAIP relies on world’s best practices, which means that financial advisers take an individual approach to each enterprise. Reputable investment banks and consulting companies act in the capacity of such financial advisers.