Belarus President meets with DBRB Chairman of the Board Sergei Rumas

President of the Republic of Belarus Aleksandr Lukashenko met with Chairman of the Board of the Development Bank of the Republic of Belarus (DBRB) Sergei Rumas to receive his report on 2 October.

Aleksandr Lukashenko said that the Bank has to practice a tougher attitude towards the collection of overdue debts.

The head of state criticized the Bank’s relaxed attitude towards the collection of distressed debts and urged the Bank to work not only with borrowers that lapse into outstanding debts, those are primarily agricultural enterprises, but with oblast administrations, too.

“We have agreed that the bank cannot allow any charity. The bank has to operate on strict terms and has to support only the projects that can pay back, ideally pay back in the short term,” Aleksandr Lukashenko stressed.

The President was informed about the performance of the Development Bank of the Republic of Belarus in January-September 2014 and the sources used to replenish its resources.

Aleksandr Lukashenko wanted to know Sergei Rumas’ views on the agenda of the forthcoming events taking into consideration that the partners will discuss the customs space and the future Eurasian Economic Union and might even exchange ratification instruments on the Eurasian Economic Union Treaty.

Sergei Rumas informed that the work on the final documents is nearing completion. The bulk of the matters to be discussed at the Supreme Eurasian Economic Council have already been agreed on. All in all, the agenda features 13 points.

Aleksandr Lukashenko also touched upon the performance of the Belarusian Football Federation which is headed by Sergei Rumas. The head of state deems it necessary to take a closer look at the performance of the national team.

“Frankly speaking, there is nothing to watch and be glad about except for BATE’s latest game,” the President said. “Serious attention should be drawn to our national team because it is a very bad signal both for the head of the federation and the federation as a whole,” he added.

“As far as the latest BATE game is concerned, there was not much hope there either. They did well. While their class may have been not so good, they did some good footwork and prevented Spain from playing. Results have been achieved,” Aleksandr Lukashenko said.