The process of strategic investor attraction conducted by the Agency is regulated by the following acts:
1. Decree of the President of the Republic of Belarus No. 273 dd. 25 May 2010 (in the wording of 22 April 2011) “On the Establishment of State Institution ‘National Agency of Investment and Privatization”.
According to the Decree the following authorities of the privatization body are granted to the State Institution National Agency of Investment and Privatization. These are performed in relation to the specially assigned privatization objects:
2. Resolution of the Council of Ministers of the Republic of Belarus No. 1139 dd. 26 August 2011 (in the wording of 1 October 2012 No. 901). “On the Approval of the List of Privatization Objects for the ‘National Agency of Investment and Privatization” to Perform Authorities of a Privatization Body”
The list of 8 privatization objects that are specially assigned to the State institution National agency of Investment and Privatization to perform the authorities of the privatization body is the following:
3. The Agreement between the International Bank for Reconstruction and Development and Ministry of Economy of the Republic of Belarus. The Austrian Trust Fund № TF098603 Privatization Project dd. 22 December 2010. International Technical Assistance Project No. 2/11/000466 of April 28, 2011 “Assistance to Privatization”
This agreement provides for the selection criteria to assign enterprises for the project; approaches and methodology for attracting strategic investors with the involvement of financial advisors; the scope of work for the financial advisors, etc.
4. Resolution of the Ministry of Economy of the Republic of Belarus № 72 dd. 22 June 2012 “On the Steering Committee for Implementation of the International Technical Assistance Project “Assistance to privatization”.
The Steering Committee headed by the Ministry of Economy comprises the representatives of the State Institution “National Agency for Investment and Privatization”, Ministry of the Architecture and Construction, the Ministry of Transport and Communications, the Ministry of Finance, Concern ‘Belgospischeprom’, Concern ‘Belneftekhim’, State Property Committee of the Republic of Belarus, Minsk Oblast Executive Committee.
Representatives of the Administration of the President and Council of Ministers visit the meetings of the Steering Committee.
The main functions of the Steering Committee are the following: