Updated at 16:11,02-12-2016

Government draws up list of 54 future stock corporations whose stock may not be sold on favorable terms

The government has drawn up a list of 54 state-owned companies to be transformed into stock corporations between 2011 and 2013 whose stock may not be sold on favorable terms.

Alyaksandr Lukashenka issued a presidential edict to this effect on January 5.

The edict is aimed at attracting investment and preventing the stock of newly established corporations from being dispersed among minority stakeholders, said the press office of the Belarusian leader.

The list contains "economically significant" companies and also companies to which "measures of economic stimulation" are applied, the press office said.

By retaining full control of some of the new stock corporations at the initial stage, the government will be able to attract larger investors through auctions and bidding processes in the future, the press office said.