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Belarus president displeased with performance of state-run retail chain

04.09.2014

The performance of the Belarusian National Union of Consumer Societies (Belkoopsoyuz) is dissatisfactory in the main areas of the organization's operation. Belarus President Alexander Lukashenko made the relevant statement as he heard out a report from Belkoopsoyuz Chairman of the Board Valery Ivanov and Deputy Head of the Belarus President Administration Anatoly Lis on 4 September, BelTA has learned.

“As far as I can understand, Belkoopsoyuz is not only a manufacturer but primarily a trading enterprise. Retail trade is the key indicator. Sadly it doesn't increase these days but slightly decreases. The same is true for the public catering branch. In other words, the performance in the main areas of the organization's operation is falling. It is a reason for concern,” stated the President.

Alexander Lukashenko said it was strange that Belkoopsoyuz regularly applies for financial support and loans to replenish floating assets while other trading companies operate at a profit. The President said he believes that explanations stating that Belkoopsoyuz caters to poor rural Belarusians and bears the burden of using mobile shops to deliver goods to remote villages are not good at all.

The head of state remarked that in view of this he had made arrangements with Chairman of the Board of Directors of OAO Tabak Invest Pavel Topuzidis regarding the implementation of a retail project in Shklov District. Explaining the choice in favor of Shklov District, the head of state noted that both he and Pavel Topuzidis know the area very well.

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